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!
Sold for $1,100,000
$1,100,000
261 Magnolia Bay Dr, Eastpoint, FL 32328
3beds
2,704sqft
Single Family Residence
Built in 2002
1.14 Acres Lot
$1,097,100 Zestimate®
$407/sqft
$3,553 Estimated rent
Home value
$1,097,100
Estimated sales range
Not available
$3,553/mo
Zestimate® history
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List your homeWhat's special
Floor to ceiling windowsUnobstructed bay viewsLush native treesNative vegetationSpectacular bay front homeLow maintenance landscaping
Zillow last checked:
Listing updated:
Listed by:
Michael Billings 850-228-8100,
St George Island Realty, LLC
Bought with:
Mary Seymour, 3038733
Seymour Realty of St. George Island
Source: Forgotten Coast Realtor Association,MLS#: 322270
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Features: Blinds, Master Downstairs, Walk-In Closet(s)
Primary bathroom
- Features: Double Vanity, Dressing Area, Tile Counters, Walk-In Closet(s)
Heating
- Central Electric, Heat Pump
Cooling
- Central Electric, Heat Pump
Appliances
- Included: Dryer, Washer, Cooktop, Dishwasher, Ice Maker, Microwave, Self Cleaning Oven, Refrigerator w/Ice Maker, Water Filtration System
- Laundry: Washer/Dryer Hookup
Features
- Atrium, Breakfast Bar, Crown Molding, Vaulted Ceiling(s), In-Law Floorplan, Kitchen Island, Recessed Lighting, Pantry, Walk-In Closet(s), Woodwork Painted, Central Vacuum, Open Floorplan
- Flooring: Tile
- Doors: Insulated Door(s)
- Windows: Double Pane Windows, Window Treatments
- Has fireplace: Yes
- Fireplace features: Gas
- Furnished: Yes
Interior area
- Total structure area: 3,635
- Total interior livable area: 2,704 sqft
Property
Parking
- Total spaces: 8
- Parking features: Circular Driveway, Driveway, Garage Detached
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: 2
- Stories: 2
- Patio & porch: Rear Porch, Enclosed Deck, Front Porch, Porch
- Exterior features: Boat Lift, Dock
- Has water view: Yes
- Water view: Bay
- On waterfront: Yes
- Waterfront features: Bay, Waterfront
- Frontage length: 201
Lot
- Size: 1.14 Acres
- Dimensions: 101' x 492'
- Features: Boating Access, Covenants/Restrictions, Deeded Water Access, Subdivided, Survey Available, Wooded, Landscaped, Sprinkler System
Details
- Parcel number: 1908S06W6700000B0190
- Zoning: R-1
- Zoning description: Residential Single Family
- Special conditions: As Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Custom
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab, On Grade
- Roof: Metal,Standing Seam
Condition
- Construction Complete
- Year built: 2002
- Major remodel year: 2002
Details
- Builder name: Ulrich
Utilities & green energy
- Sewer: Aerobic Septic
- Water: Private, Well
- Utilities for property: Cable Available, Electricity Connected, Internet Available, Natural Gas Not Available, Phone Available, Propane, Sewer Not Available, Underground Utilities, Water Not Available, Private Trash
Community & HOA
Community
- Features: Boat Dock Community, Boat Launch, Dock, Fishing, Gated, No Rental, Pavillion/Gazebo, Pool, Street Lights, Tennis Court(s)
- Security: Security Gate
- Subdivision: Magnolia Bay
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Recreational Facilities, Reserve Fund
- HOA fee: $450 quarterly
Location
- Region: Eastpoint
Financial & listing details
- Price per square foot: $407/sqft
- Tax assessed value: $810,239
- Annual tax amount: $5,129
- Date on market: 6/16/2025
- Listing terms: Cash,Conventional
- Inclusions: Furnished
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2025 | Sold | $1,100,000-8.3%$407/sqft |
Source:  Forgotten Coast Realtor Association #322270 Report a problem | ||
| 6/18/2025 | Contingent | $1,199,000$443/sqft |
Source: Forgotten Coast Realtor Association #322270 Report a problem | ||
| 6/16/2025 | Listed for sale | $1,199,000$443/sqft |
Source: Forgotten Coast Realtor Association #322270 Report a problem | ||
| 5/14/2025 | Listing removed | $1,199,000$443/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 2/24/2025 | Price change | $1,199,000-7.7%$443/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 8/7/2024 | Price change | $1,299,000-3.7%$480/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 5/9/2024 | Price change | $1,349,000-3.6%$499/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 10/10/2023 | Listed for sale | $1,399,000$517/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 10/2/2023 | Contingent | $1,399,000$517/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 9/26/2023 | Price change | $1,399,000-6.7%$517/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 9/1/2023 | Listed for sale | $1,499,000+39.4%$554/sqft |
Source: Forgotten Coast Realtor Association #315192 Report a problem | ||
| 6/7/2021 | Sold | $1,075,000-6.5%$398/sqft |
Source: Forgotten Coast Realtor Association #307084 Report a problem | ||
| 4/20/2021 | Contingent | $1,150,000$425/sqft |
Source: Forgotten Coast Realtor Association #307084 Report a problem | ||
| 3/4/2021 | Listed for sale | $1,150,000+784.6%$425/sqft |
Source: Anchor Realty Florida #307084 Report a problem | ||
| 9/5/2000 | Sold | $130,000$48/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,129 -0.8% | $581,165 +3% |
| 2023 | $5,168 +0.5% | $564,238 +3% |
| 2022 | $5,143 +24.4% | $547,804 +28.9% |
| 2021 | $4,135 -4.6% | $425,052 +1.4% |
| 2020 | $4,332 | $419,183 +2.3% |
| 2019 | $4,332 -2.9% | $409,759 +1.9% |
| 2018 | $4,462 -0.7% | $402,119 |
| 2017 | $4,492 | $402,119 -0.3% |
| 2016 | $4,492 -8.1% | $403,139 |
| 2015 | $4,885 -2.3% | $403,139 -0.8% |
| 2014 | $4,998 | $406,371 -0.8% |
| 2013 | -- | $409,603 -3.1% |
| 2012 | -- | $422,860 +8.9% |
| 2011 | -- | $388,302 -17.6% |
| 2010 | -- | $471,016 -37.1% |
| 2009 | -- | $748,730 -2.6% |
| 2008 | -- | $768,637 +18.1% |
| 2007 | -- | $651,102 -14.9% |
| 2006 | -- | $764,973 -18.5% |
| 2005 | -- | $938,506 +17.7% |
| 2004 | -- | $797,351 -11.4% |
| 2003 | -- | $899,968 +477.6% |
| 2002 | -- | $155,810 |
Find assessor info on the county website
Neighborhood: 32328
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Nearby schools
GreatSchools rating
- NAFranklin Virtual Instruction ProgramGrades: K-12Distance: 1.3 mi
- 2/10Franklin County Schools Pk-12Grades: PK-12Distance: 4.3 mi
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- Florida
- Franklin County
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- 32328
- 261 Magnolia Bay Dr
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