Offered for the first time by its original owners, this cherished Holiday Isle beach house has been a beloved family retreat since 1983. Situated directly across from the sugar-white sands and emerald waters of the Gulf, the property presents a rare opportunity to own in one of Destin's most sought-after beachside neighborhoods.
Spanning nearly 3,500 square feet, the home offers 5 bedrooms and 3 baths, including a first-floor guest suite with ensuite bath and four additional bedrooms upstairs. Warm wood-paneled walls, a striking two-way stone fireplace, and inviting gathering spaces create a cozy, nostalgic atmosphere reminiscent of a mountain lodge by the sea.
Outdoor living is equally appealing with a newly added covered deck (2025) overlooking the private in-ground pool, providing the perfect setting for entertaining and relaxing after a day at the beach. Additional updates include a roof replacement in 2020. The enclosed garage currently serves as a game room and hangout space but could easily be converted back to a traditional garage.
Whether you're dreaming of restoring its original charm, creating a custom coastal retreat, or building new in an exceptional location, this property offers endless possibilities. Homes on Holiday Isle with this combination of size, location, and beach access are increasingly rare. Bring your vision and make this iconic family beach house the foundation for its next chapter.
For sale
$1,100,000
4 Magnolia Dr, Destin, FL 32541
5beds
3,466sqft
Single Family Residence
Built in 1983
0.31 Acres Lot
$1,033,900 Zestimate®
$317/sqft
$-- HOA
What's special
Beach accessStriking two-way stone fireplaceWarm wood-paneled wallsInviting gathering spaces
- 5 days |
- 1,044 |
- 95 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Amy M Berry 850-830-2000,
The Agency Northwest Florida Beaches,
Lisa A Collier 850-259-1745,
The Agency Northwest Florida Beaches
Source: ECAOR,MLS#: 1009921
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: First
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Bedroom
- Level: Second
- Dimensions: 0 x 0
Dining area
- Level: First
- Dimensions: 0 x 0
Family room
- Level: First
- Dimensions: 0 x 0
Recreation room
- Level: First
- Dimensions: 0 x 0
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer, Electric Water Heater
- Laundry: Washer/Dryer Hookup
Features
- Breakfast Bar, Beamed Ceilings, Crown Molding, Vaulted Ceiling(s)
- Flooring: Tile, Carpet
- Has fireplace: Yes
- Furnished: Yes
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,466
- Total interior livable area: 3,466 sqft
Property
Features
- Stories: 2
- Patio & porch: Covered, Patio
- Exterior features: Private Yard
- Has private pool: Yes
- Pool features: In Ground, Liner
Lot
- Size: 0.31 Acres
- Dimensions: 90 x 146.39 x 90.48 x 155.65
- Features: Covenants, Flood Insurance Req, Restrictions, Within 1/2 Mile to Water
Details
- Parcel number: 002S242186000C0020
- Zoning description: Resid Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Beach House
- Property subtype: Single Family Residence
Materials
- Siding CmntFbrHrdBrd
- Roof: Shingle
Condition
- Construction Complete
- New construction: No
- Year built: 1983
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Beach, Handicap Provisions, Minimum Rental Prd, Short Term Rental - Allowed
- Subdivision: HOLIDAY ISLE
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds, Management, Recreational Faclty
Location
- Region: Destin
Financial & listing details
- Price per square foot: $317/sqft
- Tax assessed value: $822,225
- Annual tax amount: $8,647
- Date on market: 8/14/2026
- Road surface type: Paved
Estimated market value
$1,033,900
$982,000 - $1.09M
$6,208/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $1,100,000-26.6%$317/sqft |
Source:  ECAOR #1009921 Report a problem | ||
| 4/20/2026 | Listing removed | $16,327$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/18/2026 | Listed for rent | $16,327$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/23/2008 | Listing removed | $1,499,000$432/sqft |
Source: Homes & Land Report a problem | ||
| 4/27/2008 | Listed for sale | $1,499,000+1498900%$432/sqft |
Source: Homes & Land Report a problem | ||
| 7/10/1996 | Sold | $100 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,647 +5.7% | $653,542 +10% |
| 2024 | $8,178 +5.1% | $594,129 -24.2% |
| 2023 | $7,784 +12.5% | $783,306 +16.8% |
| 2022 | $6,919 +16% | $670,573 +29.6% |
| 2021 | $5,966 +9.9% | $517,455 +11.6% |
| 2020 | $5,427 +6.6% | $463,783 +6.6% |
| 2019 | $5,091 +8.4% | $435,212 +9.7% |
| 2018 | $4,698 | $396,899 +30.2% |
| 2017 | $4,698 +17.9% | $304,881 -0.2% |
| 2016 | $3,985 +0.4% | $305,474 +5.8% |
| 2015 | $3,968 +2.2% | $288,830 +8.9% |
| 2014 | $3,881 | $265,319 +5.7% |
| 2013 | -- | $251,004 +0% |
| 2012 | -- | $250,994 -4.3% |
| 2011 | -- | $262,223 -4.2% |
| 2010 | -- | $273,748 -17.2% |
| 2009 | -- | $330,597 -14.9% |
| 2008 | -- | $388,372 -5.6% |
| 2007 | -- | $411,557 +35% |
| 2006 | -- | $304,764 +26.8% |
| 2005 | -- | $240,389 +15.4% |
| 2004 | -- | $208,324 +6% |
| 2003 | -- | $196,593 +5.6% |
| 2002 | -- | $186,251 +0.8% |
| 2001 | -- | $184,688 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32541
Nearby schools
GreatSchools rating
- 10/10Destin Elementary SchoolGrades: PK-4Distance: 1.1 mi
- 9/10Destin Middle SchoolGrades: 5-8Distance: 3.9 mi
- 5/10Fort Walton Beach High SchoolGrades: 9-12Distance: 9.3 mi
Schools provided by the listing agent
- Elementary: Destin
- Middle: Destin
- High: Destin
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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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.
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