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$1,100,000

  • Sold
  • Closed
  • Single Family
  • 3 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,704 Sq. Ft.
See This Home
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Do not let the opportunity to own one of the most spectacular bay front homes in Franklin County and the Forgotten Coast pass you by. Located in the prestigious and quite gated community of Magnolia Bay. Minutes from the gorgeous beaches of St. George Island. A short drive across the bay to the shops, restaurants, and watering holes in Apalachicola. Secluded 1+ acre grounds with low maintenance landscaping, native vegetation, lush native trees (palms, oaks, pines) and a shallow irrigation well. This coastal living retreat is set back from the street maximizing privacy. Unobstructed bay views enhance the peace and serenity of this property. Floor to ceiling windows in the living area overlooking east bay create a bright & open living environment throughout. Meticulously cared for custom built home with examples of master craftsmanship at every turn. Open kitchen, dining, and living areas provide the perfect setting for family get-togethers and day to day living. Tastefully appointed and furnished. In-suite baths and breathtaking bay views from each bedroom. Washer and dryers on each level. Open kitchen with breakfast bar. Elevated boardwalk leads from the screened porch and rear deck to your private dock outfitted with an electric lift. Catch crabs, redfish, trout, flounder, drum, and sheepshead from the dock. Stow your boat when not in use and head out whenever the mood strikes for world class fishing in the Gulf of Mexico, one of the bays, or the river system. Detached two-car garage has a heated/cooled bunk-room often used as a sleeping/play area for children and grands. Abundant wild life, native and migratory song birds and water fowl further enhance the serenity inherent in this special property. There is no better seat on the Forgotten Coast than the living room at 261 Magnolia Bay Drive (see photos for a preview) to view astounding sunsets unfold. What a way to end every day on the bay ! Call today for showing!

Full Property Details for 261 Magnolia Bay Dr

General

  • Sold For: $1,100,000
  • HOA FEE: $150/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $5,129 (2024)
  • Status: Closed
  • Type: Single Family
  • Source: 933
  • MLS ID: 322270
  • Added to Site: 215 day(s) ago

Interior

  • Rooms/Areas: Blinds, First Floor, Walk-in Closet
  • Interior Features: Atrium, Breakfast Bar, Ceiling Crown Molding, Ceiling Vaulted, Fireplace Gas, Guest Quarters, Kitchen Island, Lighting Recessed, Pantry, Walk-in Closet, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
  • Appliances: Central Vacuum, Clothes Dryer, Clothes Washer, Cooktop, Dishwasher, Ice Machine, Microwave, Oven Self Cleaning, Refrigerator w/Ice Maker, Water Filtration System
  • Furnishings: Furnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Exterior Features: Boat Lift, Dock, Landscaped, Sprinkler System
  • Porch/Patio/Deck: Back Porch, Enclosed Deck, Front Porch, Open Porch

Parking

  • Parking Features: Circular Drive, Driveway, Garage Detached

Location

  • Area: Eastpoint
  • Subdivision: Magnolia Bay
  • Driving Directions: From US Hwy 98 West, turn North on N Bayshore Drive. Proceed 2 miles to Magnolia Bay entrance, turn left into gated area. Proceed on Grand Bay to Magnolia Bay Dr. Turn left onto Magnolia Bay Dr. Proceed 500" to the driveway on the right.

Community

  • Assoc. Fees Include: Maintenance Grounds, Recreational Facilities, Reserve Fund

Heating & Cooling

  • Cooling Type: Central Electric, Heat Pump
  • Heating Type: Central Electric, Heat Pump

Utilities

  • Sewer: Aerobic Septic
  • Water: Private, Well
  • Utility Description: Cable Available, Electricity Connected, Internet Available, Natural Gas Not Available, Phone Available, Propane, Sewer Not Available, Underground Utilities, Water Not Available

Structural Information

  • Architectural Style: 2+ Story, Custom, Open Floor Plan
  • Builder: Ulrich
  • Construction Status: Construction Complete
  • Exterior Const.: Vinyl Siding
  • Stories/Levels: 2
  • Square Feet: 2,704
  • Living Area: 2,704 Sq. Ft.
  • Year Built: 2002

Unit Information

  • Occupancy Rate: Vacant

Lot Features

  • Lot Dimensions: 101' x 492'
  • Frontage: 100
  • Lot Features: Boating Access, Covenants/Restrictions, Deeded Water Access, Recorded Subdivision, Survey Available, Water Front, Wooded

Water Features

  • Water Front: Yes
  • Water View: Yes

Financial Considerations

  • Association Fee: $450
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $5,129
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: As Is
  • Legal Description: Block 8 Lot 19 Magnolia Bay Replat of Turtle Cove
  • Inclusions: Furnished

Listed by St George Island Realty, LLC
Sold by Seymour Realty of St. George Island

Listing agent

— 261 Magnolia Bay Dr —

  • St George Island Realty, 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 261 Magnolia Bay Dr

School District:Franklin County School District, Eastpoint, FL
NameGradesDistance
Franklin County Schools Pk-12
1250 U.S. 98, Eastpoint, FL 32328
PK-124.3 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 261 Magnolia Bay Dr

Date
Details
Price
Change
Source
7/18/2025
Sold
$1,100,000
-8.26%
MLS
6/16/2025
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by St George Island Realty, LLC
Sold by Seymour Realty of St. George Island

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261 Magnolia Bay Dr, Eastpoint, FL 32328 (MLS# 322270) is a Single Family property that was sold at $1,100,000 on July 18, 2025. Want to learn more about 261 Magnolia Bay Dr? Do you have questions about finding other Single Family real estate for sale in Eastpoint? You can browse all Eastpoint real estate or contact a Coldwell Banker agent to request more information.