Magnolia lake Phase III

Vacant Land for Sale
Catylist Listing ID: 30758697
Property Subtypes: Residential (Single Family)
Gross Land Area: 15.90 Acres
Sale Price: $396,000
Unit Price: $24,905 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/7/2022

Overview / Comments

15.9 acres adjoining Magnolia Lake S/D. This parcel is owned by the original developer of Magnolia Lake Subdivision. Magnolia Lake S/D is considered by many to be the nicest subdivision in Defuniak Springs. Access to the subject property is through Magnolia Lake. All utilities are stubbed to the subject property. Plans for the development of up to 33 lots are on file with a local engineering firm.
Here is your opportunity to purchase a premier developmental parcel. This is a wise real estate investment ready to be developed. Walking distance to Maude Sanders Elementary & Walton High School.

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Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Walton
Tax ID/APN: 15-3N-19-19000-016-0000
Property Located Between: DeFuniak Springs
Property Visibility: Excellent
Legal Description: FROM POB AT PT ON E LINE OF SECT, 33 FT N 00 DEG 20'55"E OF SE/C OF SAID SECT, RUN S 88 DEG 17'22"W PARALLEL TO S LINE OF SECT 1359.85 FT TO PT ON A NLY PROJECTION OF W BDRY LINE OF JOHN BALDWIN RD (66' WIDE) S 88 DEG 39'59"W 520.63 FT TO PT IN MAGNOLIA LAKE; RUN N 20 DEG 31'19"W 569.45 FT TO A PT IN MAGNOLIA LAKE ON E BDRY LINE OF THAT PARCEL OF LAND DESC IN OR 417-644, RUN N 43 DEG 27'48"E 636.50 FT ALONG E BDRY TO PT OF INTERSECTION IN MAGNOLIA LAKE WITH E BDRY LINE OF THAT PARCEL OF LAND DESC IN OR 490-71, RUN N 43 DEG 51'17"E 160.60 FT TO A PT IN BLACKBERRY LAKE, CONT N 24 DEG 14'45"E 595.76 FT TO PT OF INTERSECTION IN BLACKBERRY LAKE WITH S BDRY LINE OF THAT PARCEL OF LAND DESC IN OR 535- 3, N 82 DEG 39'09"E 433.18 FT ALONG S BDRY TO PT OF INTER WITH W BDRY LINE OF THAT PARCEL OF LAND DESC IN OR 423- 564, S 43 DEG 48'21"E 1243.24 FT ALONG W BDRY TO PT OF INTER WITH E LINE OF SEC 15, S 00 DEG 20'55"W 757.78 FT TO POB ALL IN SE4 OR 547-297 OR 1792-22 LESS & EXCEPT: MAGNOLIA LAKE S/D PH I AS RECD IN PB 14 PG 2 ('99) LESS & EXCEPT: MAGNOLIA LAKE S/D PH II AS RECD IN PB 17 PG 12 OR 3102-4346
Largest Nearby Street: John Baldwin Drive
Airports: DeFuniak Springs
Site Description: level & wooded
Area Description: Residential. quiet & peaceful.
Zoning Description: Residential
Development Name: adjoins Magnolia Lake S/D
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,562 9,458 12,944
Median Age: 37.35 37.15 38.8
Households: 637 3,158 4,543

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