LOCATION. LOCATION. LOCATION. Investors if you've been looking for a prime opportunity for a fix and flip project, THIS is your sign. Now offered at a dramatically improved price of $350K, AS-IS, this is a massive equity play -- most available land and lots in this highly desirable area are priced significantly higher than this move-in ready home. Tucked away in the desirable gated community of Magnolia Creek, this immaculate 3-bed, 2-bath home on an oversized corner lot is perfectly situated to capitalize on a prime fix-and-flip opportunity. You are just 2 miles from the sugar-white sands of Ed Walline Beach Access and minutes from Cessna Landing and Chat Holley, giving you exceptional proximity to both the Gulf and the bay. While updates, landscaping, and deck improvements are needed for maximum return, the value-add potential is huge, including an expansive, fenced backyard with room to add a private pool or expand the home's footprint. This home provides high-end starting points, including Italian porcelain tile, a remodeled primary ensuite, a chef-inspired kitchen with triple ovens, and a fenced backyard on an oversized lot. This is a steal in a community this close to the sugar sand beaches of 30A. Boating enthusiasts will love the proximity to public boat launch at Cessna Landing. Schedule your private showing today before this investment opportunity gets snatched up. Buyer to verify all room dimensions.
Pending
$350,000
235 Magnolia Creek Rd, Santa Rosa Beach, FL 32459
3beds
1,582sqft
Single Family Residence
Built in 1997
0.27 Acres Lot
$-- Zestimate®
$221/sqft
$-- HOA
What's special
Italian porcelain tileRemodeled primary ensuiteOversized corner lotExpansive fenced backyard
- 31 days |
- 681 |
- 37 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Lynne Andrews 404-784-5606,
Christies International Real Estate Emerald Coast
Source: ECAOR,MLS#: 1003142
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Description: 14.6 x 14
- Level: First
- Area: 204.4 Square Feet
- Dimensions: 14.6 x 14
Bedroom
- Description: 12.6 x 11
- Level: First
- Area: 138.6 Square Feet
- Dimensions: 12.6 x 11
Bedroom
- Description: 12 x 10
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Primary bathroom
- Description: 11.6 x 5.60
- Level: First
- Area: 64.96 Square Feet
- Dimensions: 11.6 x 5.6
Bathroom
- Description: 6.30 x 5
- Level: First
- Area: 31.5 Square Feet
- Dimensions: 6.3 x 5
Foyer
- Description: 9 x 8
- Level: First
- Area: 72 Square Feet
- Dimensions: 9 x 8
Kitchen
- Description: 17 x 11.6
- Level: First
- Area: 197.2 Square Feet
- Dimensions: 17 x 11.6
Living room
- Description: 24 x 18.6
- Level: First
- Area: 446.4 Square Feet
- Dimensions: 24 x 18.6
Heating
- Central
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Double Oven, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Pantry, Split Bedroom
- Flooring: Tile, Carpet
- Doors: Storm Door(s)
- Windows: Solar Screens, Skylight(s), Window Treatments
- Has fireplace: Yes
- Fireplace features: EPA Qualified Fireplace
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,582
- Total interior livable area: 1,582 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage Door Opener
- Attached garage spaces: 2
Features
- Stories: 1
- Patio & porch: Enclosed, Covered, Screened
- Exterior features: Private Yard, Sprinkler System, Separate Living Area
Lot
- Size: 0.27 Acres
- Dimensions: 148 x 74 x 127 x 17 x 15 x 57
- Features: Corner Lot, Cul-De-Sac, Level, Within 1/2 Mile to Water
Details
- Additional structures: Pavillion/Gazebo, Yard Building
- Parcel number: 262S20332110000320
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Metal,Roof Pitched
Condition
- Construction Complete
- New construction: No
- Year built: 1997
Utilities & green energy
- Water: Public
Green energy
- Energy generation: Solar
Community & HOA
Community
- Features: Gated
- Security: Smoke Detector(s)
- Subdivision: MAGNOLIA CREEK PHASE 2
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Management
Location
- Region: Santa Rosa Beach
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $411,457
- Annual tax amount: $1,386
- Date on market: 5/15/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Pending sale | $350,000$221/sqft |
Source:  ECAOR #1003142 Report a problem | ||
| 5/15/2026 | Listed for sale | $350,000-17.6%$221/sqft |
Source: ECAOR #1003142 Report a problem | ||
| 5/14/2026 | Listing removed | $424,900$269/sqft |
Source: ECAOR #999630 Report a problem | ||
| 4/29/2026 | Pending sale | $424,900$269/sqft |
Source: ECAOR #999630 Report a problem | ||
| 4/13/2026 | Price change | $424,900-5.6%$269/sqft |
Source: ECAOR #999630 Report a problem | ||
| 4/2/2026 | Listed for sale | $449,900+4.9%$284/sqft |
Source: ECAOR #999630 Report a problem | ||
| 12/11/2025 | Listing removed | $429,000$271/sqft |
Source: ECAOR #986804 Report a problem | ||
| 11/5/2025 | Price change | $429,000-2.3%$271/sqft |
Source: ECAOR #986804 Report a problem | ||
| 10/3/2025 | Listed for sale | $439,000+86.8%$277/sqft |
Source: ECAOR #986804 Report a problem | ||
| 6/5/2015 | Sold | $235,000-1.7%$149/sqft |
Source: ECAOR #730396 Report a problem | ||
| 5/23/2015 | Listed for sale | $239,000+139%$151/sqft |
Source: SRE #730396 Report a problem | ||
| 1/10/2007 | Sold | $100,000$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,353 +4.5% | $191,437 +3% |
| 2023 | $1,295 -1.4% | $185,861 +3% |
| 2022 | $1,314 -1% | $180,448 +3% |
| 2021 | $1,327 -1.5% | $175,192 +1.4% |
| 2020 | $1,347 +3.5% | $172,773 +2.3% |
| 2019 | $1,301 | $168,889 +1.9% |
| 2018 | $1,301 +2% | $165,740 +7.3% |
| 2017 | $1,276 +10.2% | $154,470 +2.1% |
| 2016 | $1,158 +1.7% | $151,293 +15.1% |
| 2015 | $1,138 +18.3% | $131,490 +0.8% |
| 2014 | $962 | $130,446 +1.5% |
| 2013 | -- | $128,518 +12.5% |
| 2012 | -- | $114,251 -2.4% |
| 2011 | -- | $117,092 -14.3% |
| 2010 | -- | $136,645 -9.5% |
| 2009 | -- | $150,981 -13% |
| 2008 | -- | $173,509 -8.2% |
| 2007 | -- | $189,048 +54.7% |
| 2005 | -- | $122,174 +3.5% |
| 2004 | -- | $118,033 +25% |
| 2003 | -- | $94,398 +6.7% |
| 2002 | -- | $88,486 +1.7% |
| 2001 | -- | $86,988 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32459
Nearby schools
GreatSchools rating
- 10/10Bay Elementary SchoolGrades: K-5Distance: 9.3 mi
- 8/10Emerald Coast Middle SchoolGrades: 6-8Distance: 6.9 mi
- 8/10South Walton High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Van R Butler
- Middle: Emerald Coast
- High: South Walton
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Florida
- Walton County
- Santa Rosa Beach
- 32459
- 235 Magnolia Creek Rd
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