Magnolia Landing
Homes for Sale in Freeport, FL
All 312 homes for sale in Freeport, FL · median $421,337 · 328 homes for sale in 32439 · Walton County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-11-09, 3 recorded sales closed at a median of $310,000, a median 37 days on market, sellers accepting 95% of original asking. At the median price and Walton County's FY2025-26 rate of 9.758 mills, annual property tax runs about $3,020 ($2,640 with the full homestead exemption).
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.
Figures in this note are as of July 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Magnolia Landing 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 market snapshot (as of November 9, 2026): the median sale price is about $310K, and a median 37 days on market for closed sales.
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.
Magnolia Landing is a community of 34 homes in Freeport, Walton County, built between 1962 and 2024 (median 2004), with a median living area of about 1,601 square feet. 53% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
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.
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 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.
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 →
| 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) |
| Sale prices, last 12 months | $310,000 median across 3 closed sales |
| Days on market (closed sales) | 37 median |
| Owner-occupied (homestead) share | 53% |
Data as of November 9, 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 key facts,” movewithmomentum.com/neighborhoods/magnolia-landing-phase-i, data as of November 9, 2026.
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.
More Freeport home searches
- All homes for sale in Freeport, FL
- Homes for sale in Walton County, FL
- Freeport pool homes for sale
- Freeport home values: what is my house worth?
Freeport guides & data
- Market data
- Best neighborhoods (ranked by data)
- Flood zones
- Property taxes (Walton County)
- Homestead exemption (Walton County)
- Home insurance cost
- New construction
- New construction (Walton County)
Florida buyer guides
- Florida home insurance rates by county
- Florida property tax by county
- Florida property tax calculator
- What flood zone X means
- The 4-point inspection, explained
- Florida flood insurance calculator
- Florida housing market map
- Interactive housing market map (county, ZIP and community)
- Save Our Homes tax estimator
- How to stop a foreclosure in Florida
- Florida documentary stamp tax, explained
- Cheapest places to live in Florida
Real estate agent in Freeport? Join Momentum in Freeport: 100% commission, one $12K cap.
Email me new listings in Magnolia Landing
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Magnolia Landing
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Magnolia Landing will answer, and the answer is published on this page for the next buyer.
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 November 2026.
- October 2026Infrastructure
Okaloosa outlines Gap Creek drainage projects and permitting hurdles in Fort Walton Beach
County staff described five stormwater efforts, including the Overbrook drainage work, a planned 2.67-acre Sylvania Heights stormwater park estimated at $4 million, and Lloyd Street and Mayflower Avenue improvements expected to go to bid in early 2027. Air Force environmental review and state and Army Corps permits for dredging complicate the timeline.
What it may mean for the marketPlanned drainage upgrades could reduce flooding exposure in the Gap Creek basin over time, though permitting delays mean relief is likely several years out. The site is about 4 miles west of Magnolia Landing Phase I.
Source: Get The Coast - October 2026Parks & Amenities
Okaloosa and Cinco Bayou open upgraded boat ramp with new trailer parking
Okaloosa County and the Town of Cinco Bayou held a ribbon cutting for upgraded boat ramp facilities, including 16 new boat trailer parking spaces, a new restroom and landscaping. The $4.1 million total, funded largely by tourism development funds, also covers the $2.95 million purchase of a former bank building at 198 Eglin Parkway NE. Future dock improvements are planned.
What it may mean for the marketAdded trailer parking and ramp access improve waterfront recreation access for Fort Walton Beach area boaters. The site is about 4 miles west of Magnolia Landing Phase I.
Source: Get The Coast - September 2026Parks & Amenities
Destin and Okaloosa County agree on management of 4-acre Holiday Isle state park
Destin and Okaloosa County unanimously agreed to back Destin as manager and developer of the roughly four-acre state-acquired park on Holiday Isle near Norriego Point. In return, Destin council voted 5-2 to offer free parking to all Okaloosa County residents at city-owned lots and parks. The deal still requires state Board of Trustees and DEP review.
What it may mean for the marketManagement of the Holiday Isle park and city parking rules will affect public waterfront access and parking in Destin. The site is about 3 miles southeast of Magnolia Landing Phase I.
Source: Get The Coast - August 2026Infrastructure
Walton commissioners approve up to $4.69 million Westbay Parkway design contract
At its August 17, 2026 meeting, the Walton County Board of County Commissioners approved, on the consent agenda, a contract with Mott MacDonald for Westbay Parkway design not to exceed $4,693,502.38. The same agenda included a $184,117 Dewberry task order for the Santa Clara Regional Beach Access Bramble Grove addition.
What it may mean for the marketDesign work on Westbay Parkway is an early step toward added road capacity in western Walton County. The project is about 24 miles east of Magnolia Landing Phase I, elsewhere in Walton County.
Source: Walton County Government - 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.
Frequently Asked Questions
What is the median home price in Magnolia Landing?
How long do homes in Magnolia Landing take to sell?
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
| Community market stats | Emerald Coast MLS closed sales, 12-month windows ending November 9, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 32439)) |
| Under-contract shares | Emerald Coast MLS records, as of 2026-11-09 |
| Historical depth | Closed-sale records back to 2026 (3 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. A Momentum agent can price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Magnolia Landing Phase I fits the bigger picture — live prices, inventory, and Momentum Scores: