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$81,000
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Property Description
This Magnolia Lake waterfront lot with nearly 100' on the water is one of the largest and nicest in the small, quiet community. Located 5 minutes from downtown DeFuniak Springs, nearby to schools and parks, and has a single entrance in and out of this restricted community. The lot has some nice trees with all underbrush cleared, so it's easy to envision living the lake life. It is well located adjacent to the common area that includes a dock and pavilion. The slope is gentle leading to the water. The lakefront lots have a minimum of 1500SF heated & cooled with no build out time, so you can hold for investment and build later as well.
Full Property Details
Full Property Details for 48 Acres Magnolia Lake Dr
General
- Sold For: $81,000
- Taxes: $715 (2025)
- Status: Closed
- Type: Residential Lots
- Source: Emerald_Coast
- MLS ID: 996952
- Added to Site: 64 day(s) ago
Rental Information
- Complex Features: Dock, Fishing, Pavillion/Gazebo, Picnic Area, Waterfront
Location
- Area: 23 - North Walton County
- County: Walton
- Subdivision: MAGNOLIA LAKE ESTATES PH 1
- Driving Directions: From 83N, take a left at Walton Road. Take a right on John Baldwin Road and continue to Magnolia Lake Drive. Take a left at the stop sign, and the property will be on the left.
School Information
- Elementary School: Maude Saunders
- Middle School: Walton
- High School: Walton
Lot Features
- Property View: Lake
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 20,908.8
- Lot Dimensions: 56 x 111 x 101 x 49 x 32 x 98 x 231 estimated
- Frontage: City Road
- Street/Road Desc.: Paved Road
- Lot Features: Covenants, Restrictions, Within 1/2 Mile to Water
- Zoning: City, Resid Single Family
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Type: Lake
Financial Considerations
- Price Per Acre: $177,083.33
- Assessment Amount: $225
- Tax Amount: $715.22
- Tax Year: 2025
Disclosures and Reports
- Legal Description: LOT 15 BLK A MAGNOLIA LAKE S/D PH I
- APN: 15-3N-19-19020-00A-0150
- Property ID: 15-3N-19-19020-00A-0150
Listed by Kim & Company
Sold by Southern Choice Properties Llc
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Price & Sales History for 48 Acres Magnolia Lake Dr
Date
Details
Price
Change
Source
4/23/2026
Sold
$81,000
-4.71%
MLS
3/05/2026
Listed
$85,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
.48 Acres Magnolia Lake Drive, Defuniak Springs, FL 32433 (MLS# 996952) is a Residential Lots property that was sold at $81,000 on April 23, 2026. Want to learn more about .48 Acres Magnolia Lake Drive? Do you have questions about finding other Residential Lots real estate for sale in Defuniak Springs? You can browse all Defuniak Springs real estate or contact a Coldwell Banker agent to request more information.

