Investor Special - Tenant in Place - Assignment Opportunity!. Solid opportunity in Mary Esther! This 3-bedroom, 1-bath home offers approximately 1,165 square feet and is in livable, original condition, making it a great candidate for a light renovation or rental hold. Major systems have already been addressed; Roof replaced in 2018 and HVAC updated in 2022. This home is being offered AS IS and presents strong upside potential with cosmetic updates. Ideal for investors looking for a fix-and-flip, buy-and-hold, or portfolio addition in a steadily growing area. Property is offered for assignment of contract.
Don't miss this value-add opportunity!
Sold for $175,000
Zestimate®
$175,000
12 Magnolia Dr, Mary Esther, FL 32569
3beds
1,165sqft
Single Family Residence
Built in 1957
10,454 Square Feet Lot
$175,000 Zestimate®
$150/sqft
$1,784 Estimated rent
Home value
$175,000
$165,000 - $187,000
$1,784/mo
Zestimate® history
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$1,784/mo
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$1,210/mo
Est. payment
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$1,210/mo
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Cliff Glansen 954-965-3990,
Flatfee.Com
Bought with:
Lars S Rygaard, 3259610
World Impact Real Estate
Source: ECAOR,MLS#: 1002847
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Bedroom
- Level: First
- Area: 110 Square Feet
- Dimensions: 10 x 11
Bedroom
- Level: First
- Area: 90 Square Feet
- Dimensions: 10 x 9
Kitchen
- Level: First
- Area: 90 Square Feet
- Dimensions: 10 x 9
Living room
- Level: First
- Area: 252 Square Feet
- Dimensions: 14 x 18
Cooling
- Central Air
Features
- Flooring: Tile
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,165
- Total interior livable area: 1,165 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Stories: 1
Lot
- Size: 10,454 Square Feet
- Dimensions: 102 x 102
Details
- Parcel number: 162S24215000020080
- Zoning description: Resid Single Family
- Special conditions: Assignment
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Construction Complete
- New construction: No
- Year built: 1957
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: ROSEWOOD HOMES
Location
- Region: Mary Esther
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $165,320
- Annual tax amount: $2,356
- Date on market: 5/19/2026
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $175,000-12.5%$150/sqft |
Source:  ECAOR #1002847 Report a problem | ||
| 5/12/2026 | Listed for sale | $200,000$172/sqft |
Source: ECAOR #1002847 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,357 +1.3% | $165,320 +2.5% |
| 2024 | $2,326 +6.4% | $161,326 -0.1% |
| 2023 | $2,187 +7.8% | $161,509 +6.6% |
| 2022 | $2,030 +12.9% | $151,515 +25% |
| 2021 | $1,797 +7.2% | $121,206 +7.9% |
| 2020 | $1,676 +6.8% | $112,336 +8% |
| 2019 | $1,570 +17.4% | $103,998 +12.5% |
| 2018 | $1,337 | $92,471 +3.9% |
| 2017 | $1,337 +2.3% | $88,982 +3.9% |
| 2016 | $1,307 +7% | $85,671 +4.8% |
| 2015 | $1,222 +4.9% | $81,734 +6% |
| 2014 | $1,165 | $77,115 +2% |
| 2013 | -- | $75,627 -0.1% |
| 2012 | -- | $75,671 -3.7% |
| 2011 | -- | $78,538 -3.2% |
| 2010 | -- | $81,159 -9.7% |
| 2009 | -- | $89,858 -7.7% |
| 2008 | -- | $97,400 -10.4% |
| 2007 | -- | $108,696 +4.4% |
| 2006 | -- | $104,154 +34.1% |
| 2005 | -- | $77,658 +25.2% |
| 2004 | -- | $62,034 +9.2% |
| 2003 | -- | $56,823 +3.2% |
| 2002 | -- | $55,087 +1.8% |
| 2001 | -- | $54,120 |
Find assessor info on the county website
Neighborhood: 32569
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10Mary Esther Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Max Bruner Junior Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Mary Esther
- Middle: Bruner
- High: Fort Walton Beach
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Okaloosa County
- Mary Esther
- 32569
- 12 Magnolia Dr
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