Magnolia Bay
Homes for Sale in Miramar Beach, FL

Magnolia Bay in Freeport is a small enclave of Walton County housing where the numbers reflect a handful of homes rather than a broad market. Values have climbed 148% since 2012 and 11.1% year over year, but that trajectory rides on very few transactions.

Emerald Coast MLS sales records identify 12 homes in MAGNOLIA BAY that have changed hands since 2011, built between 1995 and 2024 (median 2022), with a median living area of about 2,336 sq ft and a typical 4-bedroom, 3-bath layout; 75% 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 19 qualified sales in MAGNOLIA BAY across 2024–2025 (14 in 2024, 5 in 2025), median $566,000 — 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.

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

In ZIP 32439, 448 homes are on the market and 25% are under contract — a steady corner of Miramar Beach.

Across Walton County, 2,879 homes are active and 587 pending (17% under contract).

In ZIP 32439 (Miramar Beach), 238 homes closed in the last 12 months at a median of $375K, with a median 71 days on market. Right now 222 active and 87 pending listings put supply at about 11.2 months — a buyer's market. See the live ZIP 32439 housing market and the Walton County market.

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

The homes tracked here date to 2005 with a modest median footprint around 766 square feet, so this is not a place to shop by spec sheet alone. When a market is this small, the median price tells you little about the next home to list; the spread between a well-kept property and a dated one can be wide, and price is condition-driven above all.

Homestead share sits at zero across the tracked homes, which points to a market weighted toward second-home or investment use rather than owner-occupancy. No community amenities surface from current MLS listings, so buyers should weigh the location and the individual property on their own merits, not on shared facilities.

In a community this small, a single comparable can distort the whole picture. We read each Magnolia Bay listing on its own condition, lot, and history rather than leaning on a median built from a handful of sales — and we will tell you plainly when the math does not support the ask.