Magnolia Bay Estates
Homes for Sale in Freeport, FL

Magnolia Bay Estates is a small, brand-new enclave of 25 homes in Freeport, Walton County, where nearly everything on the ground was completed in 2023 or 2024. With no shared amenities and a homestead share of 40%, it reads as a straightforward new-construction pocket rather than a resort-style community.

Emerald Coast MLS sales records identify 31 homes in MAGNOLIA BAY ESTATES that have changed hands since 2023, built between 2022 and 2026 (median 2024), with a median living area of about 2,477 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 15 qualified sales in MAGNOLIA BAY ESTATES across 2024–2025 (14 in 2024, 1 in 2025), median $584,600 — 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 Estates 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 Freeport.

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

In ZIP 32439 (Freeport), 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 Estates specifically. Momentum Research analysis of MLS records.

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Zoned schools reflect the assignments reported on recent Magnolia Bay Estates 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 Magnolia Bay Estates address.

This is a tight community — 25 homes total, with just 2 active at last look. The housing stock is uniform in age and generous in size, with a median of 3,022 living square feet and a median build year of 2024. That consistency makes pricing easier to read than in an older, mixed-vintage neighborhood, but it also means the median of $550,000 tells most of the story; spread will come down to lot, finish, and condition rather than dramatic differences in age.

The 40% homestead share suggests a meaningful portion of homes are not owner-occupied as a primary residence, which is worth weighing if you want to understand turnover and how the remaining owners may behave in a down market. With the year-over-year figure at -6.2% and a 54-day median time to sell, both buyers and sellers should treat current pricing as negotiable and condition-sensitive.

In a community this small, a couple of closings move the whole picture. We track every one of these 25 homes and know how the last 11 sales actually priced out against list — which matters when there are only 2 active listings and the market is softening. Whether you are buying and want negotiating room, or selling and need to price against a -6.2% trend, we will give you the real read, not the optimistic one.