.48 Acres Magnolia Lake Drive, DeFuniak Springs, FL 32433

$85,000
Property Type: Land Lot Size (sq. ft.): 20,909 Status: Pending
Current Price: $85,000 List Date: 3/05/2026 Last Modified: 3/30/2026

Description

This Magnolia Lake waterfront lot with nearly 100' on the water is one of the largest and nicest in the small, quiet community. Located 5 minutes from downtown DeFuniak Springs, nearby to schools and parks, and has a single entrance in and out of this restricted community. The lot has some nice trees with all underbrush cleared, so it's easy to envision living the lake life. It is well located adjacent to the common area that includes a dock and pavilion. The slope is gentle leading to the water. The lakefront lots have a minimum of 1500SF heated & cooled with no build out time, so you can hold for investment and build later as well.

More Information MLS# 996952

Contract Info

Listing Board: Emerald Coast List Price/Acre: 177083.33 List Date: 2026-03-04 List Price: $85,000

Location, Tax and Legal

Sub Area: 2310 - DeFuniak Springs N. Elementary School: Maude Saunders Middle School: Walton High School: Walton Legal Description: LOT 15 BLK A MAGNOLIA LAKE S/D PH I

General Property Info

Sub-Type: Vacant Land Acreage: 0.48

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: Yes Assessment Amount: 225 Annual Assessment Amount: 225 Assessment Paid: Annually New Buyer Fee: No Last Taxes: 715.22 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: This Magnolia Lake waterfront lot with nearly 100' on the water is one of the largest and nicest in the small, quiet community. Located 5 minutes from downtown DeFuniak Springs, nearby to schools and parks, and has a single entrance in and out of this restricted community. The lot has some nice trees with all underbrush cleared, so it's easy to envision living the lake life. It is well located adjacent to the common area that includes a dock and pavilion. The slope is gentle leading to the water. The lakefront lots have a minimum of 1500SF heated & cooled with no build out time, so you can hold for investment and build later as well.

Waterfront

Lake: 1 Waterfront Feet: 98

Waterview

Lake: 1

Lot Features

Covenants: 1 Restrictions: 1 Within 1/2 Mile to Water: 1

Project Facilities

Dock: 1 Fishing: 1 Pavillion/Gazebo: 1 Picnic Area: 1 Waterfront: 1

Lot Access

City Road: 1 Paved Road: 1

Utilities

None: 1

Zoning

City: 1 Resid Single Family: 1

Financing

Conventional: 1

None

Current Price: $85,000

Status Change Info

Status: Pending Under Contract Date: 2026-03-30

Location Tax and Legal

Street #: .48 Acres Street Name: Magnolia Lake Street Suffix: Drive Area: 23 - North Walton County State: FL Zip Code: 32433 County: Walton Project Name/Subdivision: MAGNOLIA LAKE ESTATES PH 1 Parcel ID: 15-3N-19-19020-00A-0150

Property Features

Lot Access: City Road; Paved Road Lot Features: Covenants; Restrictions; Within 1/2 Mile to Water Zoning: Resid Single Family Waterfront: Lake Waterview: Lake Project Facilities: Dock; Fishing; Pavillion/Gazebo; Picnic Area; Waterfront Utilities: None Financing: Conventional

Documents

Listing Office: Kim & Company
Last Updated: March - 30 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.