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261 Magnolia Bay Dr

Eastpoint, FL 32328

3 beds
4 baths
2,704 sqft
~1 acre lot
$443 per sqft
2002 build
– on site

~ MOTIVATED SELLER ~ Do not let the opportunity to own one of the most spectacular bay front homes in Franklin County and the Forgotten Coast pass you by. Located in the prestigious and quite gated community of Magnolia Bay. Minutes from the gorgeous beaches of St. George Island. A short drive across the bay to the shops, restaurants, and watering holes in Apalachicola. Secluded 1+ acre grounds with low maintenance landscaping, native vegetation, lush native trees (palms, oaks, pines) and a shallow irrigation well. This coastal living retreat is set back from the street maximizing privacy. Unobstructed bay views enhance the peace and serenity of this property. Floor to ceiling windows in the living area overlooking east bay create a bright & open living environment throughout. Meticulously cared for custom built home with examples of master craftsmanship at every turn. Open kitchen, dining, and living areas provide the perfect setting for family get-togethers and day to day living. Tastefully appointed and furnished. In-suite baths and breathtaking bay views from each bedroom. Washer and dryers on each level. Open kitchen with breakfast bar. Elevated boardwalk leads from the screened porch and rear deck to your private dock outfitted with an electric lift. Catch crabs, redfish, trout, flounder, drum, and sheepshead from the dock. Stow your boat when not in use and head out whenever the mood strikes for world class fishing in the Gulf of Mexico, one of the bays, or the river system. Detached two-car garage has a heated/cooled bunk-room often used as a sleeping/play area for children and grands. Abundant wild life, native and migratory song birds and water fowl further enhance the serenity inherent in this special property. There is no better seat on the Forgotten Coast than the living room at 261 Magnolia Bay Drive (see photos for a preview) to view astounding sunsets unfold. What a way to end every day on the bay ! Call today for showing!

Listing courtesy of RAFGC / St George Island Realty, Llc

Last checked: Checking… • Last updated Mar 21, 2025 •

MLS# 315192 —

The Building

Year Built:

2002
Year Built Effective:

2002
Builder Name:

Ulrich
Construction Materials:

Vinyl Siding
Architectural Style:

Custom
Roof:

Metal, Standing Seam
Foundation Details:

Slab, On Grade
Levels:

2
Stories:

2
Exterior Features:

Boat Lift, Dock
Window Features:

Window Treatments, Double Pane Windows
Door Features:

Insulated Door(s)
Patio And Porch Features:

Rear Porch, Enclosed Deck, Front Porch, Porch
Security Features:

Security Gate

Interior

Interior Features:

Open Floorplan, Atrium, Breakfast Bar, Crown Molding, Vaulted Ceiling(s), In-Law Floorplan, Kitchen Island, Recessed Lighting, Pantry, Walk-In Closet(s), Woodwork Painted, Central Vacuum
Furnished:

Furnished
Flooring:

Tile
Fireplace:

true
Fireplace Features:

Gas

Room Dimensions

Living Area:

2704
Living Area Units:

Square Feet

Location

Directions:

From US Hwy 98 West, turn North on N Bayshore Drive. Proceed 2 miles to Magnolia Bay entrance, turn left into gated area. Proceed on Grand Bay to Magnolia Bay Dr. Turn left onto Magnolia Bay Dr. Proceed 500" to the driveway on the right.
Latitude:

29.759241
Longitude:

-84.887532

The Property

Property Type:

Residential
Property Subtype:

Detached Single Family
Property Condition:

Construction Complete
Property Attached:

false
Zoning:

R-1
Zoning Description:

Residential Single Family
Lot Features:

Landscaped, Sprinkler System, Boating Access, Covenants/Restrictions, Deeded Water Access, Subdivided, Survey Available, Wooded
Lot Size Area:

1.1408
Lot Size Dimensions:

101' x 492'
Lot Size SqFt:

49692
Lot Size Acres:

1.1408
Lot Size Units:

Acres
Frontage Length:

Road Front Ft: 100,Water Front Ft: 101
Waterfront:

true
Waterfront Features:

Bay, Waterfront
View:

Bay, Water
View:

true
Road Surface Type:

Paved
Road Responsibility:

Community Owned Maintained Road, Controlled Access
Additional Parcels:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

5129
Tax Legal Description:

Block 8 Lot 19 Magnolia Bay Replat of Turtle Cove

Beds

Bedrooms Total:

3
Master Bedroom Features:

Blinds, Master Downstairs, Walk-In Closet(s)

Baths

Total Baths:

4
Total Baths:

3.5
Full Baths:

3
Half Baths:

1
Master Bathroom Features:

Double Vanity, Dressing Area, Tile Counters, Walk-In Closet(s)

The Listing

Virtual Tour URL Unbranded:

Sunshine-Real-Estate-Photography.vr-360-tour.com/e/WPgBiksauZY/e

Heating & Cooling

Heating:

Central Electric, Heat Pump
Heating:

true
Cooling:

true
Cooling:

Central Electric, Heat Pump

Utilities

Utilities:

Cable Available, Electricity Connected, Internet Available, Natural Gas Not Available, Phone Available, Propane, Sewer Not Available, Underground Utilities, Water Not Available, Private Trash
Water Source:

Private, Well
Sewer:

Aerobic Septic

Appliances

Appliances:

Dryer, Washer, Cooktop, Dishwasher, Ice Maker, Microwave, Self Cleaning Oven, Refrigerator w/Ice Maker, Water Filtration System
Laundry Features:

Washer/Dryer Hookup

The Community

Subdivision Name:

Magnolia Bay
Association:

true
Association Fee:

450
Association Fee Includes:

Maintenance Grounds, Recreational Facilities, Reserve Fund
Association Fee Frequency:

Quarterly
Community Features:

Boat Dock Community, Boat Launch, Dock, Fishing, Gated, No Rental, Pavillion/Gazebo, Pool, Street Lights, Tennis Court(s)
Pool Private:

false
Pool Features:

None

Parking

Garage:

true
Attached Garage:

false
Carport:

false
Open Parking:

true
Parking Features:

Circular Driveway, Driveway, Garage Detached
Parking Total:

8

Monthly cost estimate

Asking price

$1,199,000

Expense	Monthly cost
Mortgage	$6,420
Taxes	$427
Insurance	$329
HOA fees	$150
Utilities	$188 See report
Total	$7,514/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

House For Sale

$1,199,000

HOA

$150/mo.

Cost Est.

$7,514/mo.

Price drop −$100,000

Listing provided by broker:

Michael Billings

St George Island Realty, Llc

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This house located in Eastpoint, FL 32328 is currently for sale for $1,199,000. 261 Magnolia Bay Dr is a 2,704 square foot house with 3 beds and 4 baths that has been on Estately for 335 days. This house is in the attendance area of Apalachicola Bay Charter School and Franklin County Schools K-12.

Listing Courtesy of: RAFGC and St George Island Realty, Llc.

Property information provided by the RAFGC MLS – a service of the REALTOR® Association of
Franklin & Gulf Counties. The information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.