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$499,900

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,161 Sq. Ft.
  • Updated 2 days ago
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This custom waterfront home in Magnolia Lake Estates is the one you walk into and instantly know you want. The lake views from the huge screened porch feel like a daily reset button. The kitchen is sharp with newer appliances, but the custom butler's pantry is next level with abundant cabinetry, beautiful prep space, and the kind of organization you only find in a true custom build. Storage is tucked everywhere, including a custom utility room that makes everyday life easier. Enjoy a formal dining room for hosting and a breakfast nook with peaceful water views. The waterfront primary suite delivers pure comfort with a fantastic walk in closet and a spa worthy cultured marble shower. Magnolia Lake Estates offers a peaceful, welcoming community that truly elevates your lifestyle.

Full Property Details for 554 Magnolia Lake Dr

General

  • Price: $499,900
  • Status: Active
  • Type: Single Family
  • Source: Emerald_Coast
  • MLS ID: 989690
  • Updated: 11/24/2025
  • Added to Site: 55 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Breakfast Room, Dining Room, Full Bathroom, Garage, Great Room, Half Bathroom, Kitchen, Laundry, Master Bathroom, Master Bedroom, Other, Screened Porch, Storage, Terrace
  • Interior Features: Built-In Bookcases, Ceiling Tray/Cofferd, Fireplace Gas, Floor Hardwood, Floor Tile, Lighting Recessed, Pantry, Shelving, Split Bedroom, Washer/Dryer Hookup, Window Treatmnt Some
  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Dryer, Microwave, Oven Double, Range Hood, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Great Room: Great Room
  • Kitchen: Kitchen
  • Dining Room: Dining Room
  • Breakfast Room: Breakfast Room
  • Other Room 1: Other
  • Storage: Storage
  • 3 Season Porch: Screened Porch

Additional Information

  • Shared Amenities: Dock, Fishing, Pavillion/Gazebo, Picnic Area, Waterfront

Exterior

  • Exterior Features: BBQ Pit/Grill, Dock, Lawn Pump, Porch, Porch Screened, Sprinkler System

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Garage Attached, Oversized

Location

  • Area: 23 - North Walton County
  • County: Walton
  • Subdivision: Magnolia Lake S/D
  • 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

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Ceiling Fans, Heat Cntrl Electric, Water Heater - Elect

Utilities

  • Utility Description: Electric, Gas - Natural, Phone, Public Sewer, TV Cable

Structural Information

  • Architectural Style: Contemporary
  • Construction: Brick, Roof Dimensional Shg, Trim Vinyl
  • Stories/Levels: 1
  • Square Feet: 2,161
  • Sq. Ft. Source: County PA Records
  • Year Built: 2006

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.37
  • Lot Dimensions: 88 x 250 x 80 x 226
  • Street/Road Desc.: City Road, Paved Road
  • Lot Features: Cleared, Covenants
  • Zoning: Resid Single Family

Water Features

  • Water Front Type: Lake

Financial Considerations

  • Assessment Amount: $200
  • Assmt Payment Freq: Annually

Disclosures and Reports

  • Legal Description: LOT 16 BLK A MAGNOLIA LAKE S/D PH I
  • Assessment: Yes
  • APN: 15-3N-19-19020-00A-0160

Listed by Southern Choice Properties Llc

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Listing agent

— 554 Magnolia Lake Dr —

  • Southern Choice Properties Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 554 Magnolia Lake Dr

School District:Walton County School District
NameGradesDistance
Maude Saunders Elementary School
416 John Baldwin Road, DeFuniak Springs, FL 32433
K-50.3 mi
West Defuniak Elementary School
815 Lincoln Avenue, DeFuniak Springs, FL 32435
K-52.2 mi
Walton Middle School
605 Bruce Avenue, DeFuniak Springs, FL 32435
6-82.9 mi
Walton High School
449 Walton Road, DeFuniak Springs, FL 32433
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 554 Magnolia Lake Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/24/2025
Listed
$499,900
5.24%
MLS
7/28/2022
Sold
$475,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 554 Magnolia Lake Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,140
—
$337,861
-1%
2024
$4,140
3%
$341,165
2%
2023
$4,023
43%
$333,468
12%
2021
$2,808
—
$297,322
3%
2022
$2,819
—
$287,640
5%
2021
$2,808
10%
$274,766
17%
2019
$2,553
2%
$233,995
2%
2018
$2,503
-1%
$229,632
—
2017
$2,519
35%
$230,262
27%
2016
$1,872
—
$180,886
1%
2015
$1,880
-14%
$179,629
-10%
2014
$2,177
-2%
$199,773
-1%
2013
$2,216
—
$201,349
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Southern Choice Properties Llc

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554 Magnolia Lake Drive, Defuniak Springs, FL 32433 (MLS# 989690) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 554 Magnolia Lake Drive is currently listed for $499,900 and was received on November 24, 2025. Want to learn more about 554 Magnolia Lake Drive? Do you have questions about finding other Single Family 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.

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