Magnolia Landing
Homes for Sale in Freeport, FL
All 377 homes for sale in Freeport, FL · median $428,000 · 374 homes for sale in 32439 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of October 2026, the MLS records 22 closed sales in Magnolia Landing Phase I in Freeport, FL since 2005, the most recent in August 2026. Across Freeport as a whole, 608 homes closed in the last 12 months at a median of $385,471, 71 median days on market, with 296 homes for sale today. At that median and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $3,760 ($3,380 with the full homestead exemption).
| Location | Freeport, Walton County, FL · ZIP 32439 |
|---|---|
| Homes in the community | 34 (FL DOR 2025 assessment roll) |
| Years built | 1962–2024 (median 2004) |
| Typical living area | 1,601 sq ft (median) |
| Owner-occupied (homestead) share | 53% |
Data as of September 20, 2026. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Magnolia Landing Phase I key facts,” movewithmomentum.com/neighborhoods/magnolia-landing-phase-i, data as of September 20, 2026.
In Magnolia Landing Phase I, price is driven by condition and vintage more than by any single formula. With homes built anywhere from 1958 to 2024 and a median build year of 2003, this is not a uniform subdivision — the spread in age means the spread in price is wide, and comparable-shopping matters more here than in a builder-fresh tract where everything looks alike.
For sellers, that variety cuts both ways: an updated home has a real story to tell against older stock, but it also has to be priced against neighbors that may be very different animals. For buyers, the takeaway is simple — walk the actual homes. The median living area sits around 1,724 square feet, so most of what you'll see is modest in footprint; the value question is what's been done to it, not just where it sits.
Nearby homes for sale
No active listings inside Magnolia LandingHomes for Sale in Freeport, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Magnolia Landing Phase I is a small, mixed-vintage pocket of 52 homes in Freeport, Walton County, where the age range spans more than six decades and no shared amenities are on offer — the appeal is the location and the individual house, not a package of community features.
Emerald Coast MLS sales records identify 19 homes in Magnolia Landing that have changed hands since 2005, built between 2001 and 2023 (median 2005), with a median living area of about 1,496 sq ft and a typical 3-bedroom, 2-bath layout; 89% 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.
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.
Who Magnolia Landing is best for.
Best for
- Buyers targeting a Walton County location who will judge each home on condition, not the subdivision name
- Value-focused buyers open to an older home they can update over time
- Buyers who want a modest footprint around 1,700 square feet without paying for shared amenities they won't use
Probably not for
- Buyers who need a pool, gate, or other community amenities as part of the deal
- Buyers who want every home to look and price alike within a uniform build year
- Buyers unwilling to inspect closely and weigh condition, since age varies widely here
The market around Magnolia Landing
Magnolia Landing is too small for its own price trend, so here is the market around it.
In ZIP 32439, 535 homes are on the market and 26% are under contract — a steady corner of Freeport.
Across Walton County, 3,174 homes are active and 698 pending (18% under contract).
In ZIP 32439 (Freeport), 679 homes closed in the last 12 months at a median of $385K, down 3.3% year over year, with a median 70 days on market. Right now 301 active and 108 pending listings put supply at about 5.5 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 Landing specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Magnolia Landing Phase I, Freeport
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Listing data provided by the Emerald Coast Association of REALTORS®. Information is deemed reliable but is not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
Recent Developments in Magnolia Landing Phase I
Development, infrastructure, retail, and school activity affecting Magnolia Landing Phase I, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Infrastructure
Scenic Walton advances underground utilities and gateway landscape projects
Scenic Walton reported progress on countywide initiatives, including a $200,000 Freeport U.S. 331 gateway landscape project supported by a $100,000 FDOT Highway Beautification Grant, plus a 30A West gateway landscape project and early planning for countywide underground utilities. Funding for the utilities study advanced into Walton County's draft budget for fiscal year 2026 to 2027.
What it may mean for the marketAdvances roadway beautification and stormwater improvements along the Freeport U.S. 331 corridor and the 30A west gateway and lays groundwork for utility resilience upgrades across Walton County. The project is about 25 miles east of Magnolia Landing Phase I, elsewhere in Walton County.
Source: Get The Coast - June 2026Civic
DeSantis signs state budget with funding for Okaloosa County projects
Governor DeSantis signed the state budget that included roughly $15 million for 20 Okaloosa County projects, among them $5 million for the Northwest Florida State College Workforce Innovation Center in Niceville, $1.5 million for Shalimar Bridge Park, and $3 million for Destin road and drainage work. About $7.26 million in other local requests were vetoed.
What it may mean for the marketDirects state funding toward workforce, park, road, and drainage infrastructure across Okaloosa County, supporting public facilities and capacity in Niceville, Shalimar, and Destin. The site is about 8 miles north of Magnolia Landing Phase I.
Source: Get The Coast
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Magnolia Landing buying strategy.
If we were buying in Magnolia Landing today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Magnolia Landing.
A mixed-vintage pocket, not a matched set
With just 52 homes and a build range from 1958 to 2024, Magnolia Landing Phase I is best understood as a collection of individual houses rather than a themed community. The median year built of 2003 tells you the center of gravity is early-2000s construction, but you will find both older homes and recent builds in the same area, which is why condition and updates carry so much weight in what any given home is worth.
The homestead share sits just above half at roughly 53 percent, which points to a mix of owner-occupied and non-homestead property. Current MLS listings show no identified community amenities — no pool, no gate, no shared facilities to factor into value or dues. Price that home on its own merits and its Freeport location, not on a lifestyle package that isn't here.
The location and the amenities are priced into every listing in Magnolia Landing. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, mixed-vintage pocket like this, the comps are the whole game — a 1960s home and a 2024 build are not interchangeable, and pricing either one off the wrong neighbor costs real money. We read the individual homes rather than the subdivision average, and we'll tell you plainly when a listing is priced off a comp that doesn't actually match.
Magnolia Landing in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Magnolia Landing buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Magnolia Landing sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Landing, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Magnolia Landing home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Landing, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Freeport →
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Walton County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Walton County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Frequently Asked Questions
How many homes are in Magnolia Landing?
What share of Magnolia Landing is owner-occupied?
When were the homes in Magnolia Landing built?
Who is the best real estate agent for Magnolia Landing?
How do I find a top Freeport real estate agent who knows Magnolia Landing?
Can Momentum Realty connect me with an agent for Magnolia Landing?
Where is Magnolia Landing, and what county is it in?
Should you buy in Magnolia Landing?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32439)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (22 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Emerald Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Emerald Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Magnolia Landing Phase I fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Magnolia Landing with Momentum Realty’s local guides.