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.
Single-familyProperty Type
1997Year Built
0.27 acresLot Size
$223Price/Sq.Ft.
$100/moHOA Dues
2 garage spacesParking
Listed by Christie's International Andrews• Christies International Real Estate Emerald Coast
Est. $3,321 per month, based on comparable rentals
Sale and tax history for 235 Magnolia Creek Rd
Sale History
Tax History
Date
Event
Price
ECAR #1003142
Jun 22, 2026
Sold
$352,500
$223/sq ft
May 19, 2026
Pending
—
May 15, 2026
Listed
$350,000
$221/sq ft
ECAR #999630
Apr 13, 2026
Price Changed
$424,900
$269/sq ft
Apr 3, 2025
Listed
$449,900
$284/sq ft
ECAR #986804
Nov 5, 2025
Price Changed
$429,000
$271/sq ft
Oct 3, 2025
Listed
$439,000
$277/sq ft
ECAR #730396
Jun 5, 2015
Sold
$235,000
$149/sq ft
Jun 5, 2015
Sold
$235,000
$149/sq ft
May 22, 2015
Listed
$239,000
$151/sq ft
Public Records
Jan 10, 2007
Sold
$100,000
$63/sq ft
Public Records
Mar 26, 1998
Sold
$100,100
$63/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,386 (+2.4%)
2024
$1,353 (+4.5%)
2023
$1,295 (−1.4%)
2022
$1,314 (−1.0%)
2021
$1,327 (−1.5%)
2020
$1,347 (+3.5%)
2019
$1,301 (+2.0%)
2018
$1,276 (+10.2%)
2017
$1,158 (+1.7%)
2016
$1,138 (+18.3%)
$13,585 + $137,708
$151,293
2015
$962 (−0.4%)
2014
$966
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
9 ft.
Lot depth
14 ft.
Lot size
0.27 Acres
Year renovated
2002
Sq. Ft.
1,582
Year built
1997
Style
Single Family Residential
County
Walton County
APN
262S20332110000320
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
RP
Residential Preservation District
This district consists primarily of subdivisions existing as of November 7, 1996, approved development projects which are vested or built out, or recorded platted subdivisions that have infrastructure in place and are substantially built out.
Home facts updated by county records on Aug 26, 2026
Around this home
Schools
Dune Lakes Elementary School
Public K-5 • Assigned • 9.3mi
10/10
Emerald Coast Middle School
Public 6-8 • Assigned • 6.9mi
8/10
South Walton High School
Public 9-12 • Assigned • 2.7mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 104° expected this year, 22 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Santa Rosa Beach, FL • 32459
Average low and high temperatures (°F)
59
43
65
52
71
57
76
64
80
70
86
76
88
79
88
78
85
74
79
66
73
59
64
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Santa Rosa Beach. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$433,000 – $524,000
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