Bay Magnolia
Homes for Sale in Santa Rosa Beach, FL

Bay Magnolia is a compact, established enclave in Santa Rosa Beach where a wide build range and larger-than-typical living space define the inventory more than any single price band. It is a place to buy a specific house, not a floor plan off a menu.

Emerald Coast MLS sales records identify 15 homes in BAY MAGNOLIA that have changed hands since 2004, built between 1986 and 2024 (median 2004), with a median living area of about 2,643 sq ft and a typical 4-bedroom, 3-bath layout; 100% are single-family homes. Source: Emerald Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 6 qualified sales in BAY MAGNOLIA across 2024–2025 (3 in 2024, 3 in 2025), median $1.40M — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Bay Magnolia is too small for its own price trend, so here is the market around it.

In ZIP 32459, 1,067 homes are on the market and 18% are under contract — a slower corner of Santa Rosa Beach.

Across Walton County, 3,174 homes are active and 698 pending (18% under contract).

In ZIP 32459 (Santa Rosa Beach), 967 homes closed in the last 12 months at a median of $960K, up 2.0% year over year, with a median 82 days on market. Right now 496 active and 94 pending listings put supply at about 6.2 months — a buyer's market. See the live ZIP 32459 housing market and the Walton County market.

ZIP and county figures describe the wider market, not Bay Magnolia specifically. Momentum Research analysis of MLS records.

• Dune Lakes · Elementary
• Emerald Coast · Middle
• South Walton · High

Zoned schools reflect the assignments reported on recent Bay Magnolia listings and can change; always confirm with Walton County Public Schools for a specific address.

Buying with schools in mind? We can confirm the exact zoned schools for any Bay Magnolia address.

The defining fact of Bay Magnolia is age spread. Homes date from 1948 through 2024, with the median around 2005, which means you will find genuinely older structures alongside newer builds within the same small community. Median living area sits just above 3,000 square feet, so the housing stock skews toward substantial homes rather than small footprints — but square footage alone won't tell you value, because a mid-century home and a recent build of the same size are not comparable products.

Just over half the homes here — about 55 percent — are homesteaded, which points to a community held largely by owner-occupants rather than a pure rental or second-home block. No shared community amenities turn up in current MLS listings, so buy for the individual home and the Santa Rosa Beach location, not for a shared clubhouse, pool, or gate. That absence keeps the focus, and the carrying costs, on the property itself.

In a market this thin — one active listing against 50 homes — the value is in knowing which properties have been updated and which are original, and pricing the gap correctly. We track this community closely, sort the true comparables from the misleading ones, and advise you honestly on whether a given Bay Magnolia home fits your plan or whether you should wait for the next one to surface.