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#962025, Eva J Mathews, Joyce Zaidi, Listing office: Realty West
$499,900 List price
554 Magnolia Lake Dr Defuniak Springs, FL 32433
3 beds
2 full, 1 partial
2,161 sqft
0.4 acres
$231 / sqft
House
Property details
About 554 Magnolia Lake Dr
Prepare to check off all the boxes! Custom waterfront home in popular Magnolia Lake Estates with an unbeatable layout and truly blissful water views from the roomy screened porch. The kitchen features newer appliances, breakfast bar and pantry; but the real showstopper is the ingenious butlers pantry with abundant cabinetry and extra prep space. Youll find storage in spades with closets tucked thoughtfully throughout. Entertaining is easy w/ formal dining as well as a breakfast area overlooking the lake. The large waterfront master suite shines, with a fantastic walk-in closet, as well as an unexpectedly large cultured marble walk-in shower. Experience the peaceful & calming views in this very walkable neighborhood with a single entrance for added privacy
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size2,161 sqft
Lot size0.37 Acres
Year built2006
ParkingOversized
MLS #976281
Attached garage2 spaces
WaterfrontLake Front
ViewLake
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Cooktop, Dishwasher, Microwave, Double Oven, Range Hood, Refrigerator, Ice Maker, Security System, Electric Oven
- Interior: Built-in Bookshelves, Tray/Cofferd Ceiling, Recessed Lighting, Pantry, Shelving, Split Bedroom, Washer/Dryer Hookups
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: No
- Parking: Oversized
- Waterfront: Lake Front
- View: Lake
- Exterior: BBQ Pit/Grill, Dock, Lawn Pump, Sprinkler System
- Architectural Style: Ranch
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $499,900
- Price/SqFt: $231
- HOA Amount: $225 Annually
- Annual Tax Amount: $4,023
- Tax Year: 2023
- Lot: Cleared, Covenant/Restriction
- Directions: From 83N, take a left at Walton Road. Take a right on John Baldwin Road and continue to Magnolia Lake Drive. Take a left at the stop sign, and the property will be on the left.
- Year Built: 2006
- Stories: 1
- Living Area: 2,161 SqFt
- Lot Size: 0.37 Acres
- MLS Number: 976281
- MLS Name: Emerald Coast Association of REALTORS®
- Office Name: Kim & Company
- Office Email: kim@connectwithkim.com
- Listing Agent: Kim E Wennerberg
Information Deemed Reliable but not guaranteed. The information being provided is 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 listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/10/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 22, 2022 | Home Sold | $475,000 |
| Apr 25, 2016 | Home Sold | $249,900 |
| Jul 16, 2004 | Home Sold | $41,100 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $333,468 | $4,023 |
| 2022 | $287,640 | $2,819 |
| 2021 | $297,322 | $2,819 |
| 2020 | $274,766 | $2,808 |
| 2019 | $233,995 | $2,552 |
| 2017 | $230,262 | $2,519 |
History based on county public records data.
Nearby schools
4
Maude Saunders Elementary School
Public District KG-5
0.3 mi
•416 John Baldwin Rd
7
West Defuniak Elementary School
Public District KG-5
2.2 mi
•815 Lincoln Ave
3
Ponce de Leon Elementary School
Public District PK-5
9.9 mi
•1473 Ammons Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,435. Typical income of Defuniak Springs, FL residents is less than $<35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
55%
<35k
38%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
13%
Single, with Kids
24%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
30%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Wal-Mart
Stein Mart
Kmart
Where do the neighbors go to eat?
Sonic
Bob Evans
Little Caesars
What do the neighbors drive?
Oldsmobile
Buick
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational
Adult Standards- Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 554 Magnolia Lake Dr
The listing price of 554 Magnolia Lake Dr property is $499,900.
The property 554 Magnolia Lake Dr is a house located in Defuniak Springs, Florida, 32433.
Active Listing: 554 Magnolia Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 554 Magnolia Lake Dr are: Maude Saunders Elementary School (GreatSchools Rating 4/10), West Defuniak Elementary School (GreatSchools Rating 7/10), Ponce de Leon Elementary School (GreatSchools Rating 3/10), Walton Middle School (GreatSchools Rating 5/10), Freeport Middle School (GreatSchools Rating 7/10), Shoal River Middle School (GreatSchools Rating 7/10), Walton Initiative for Success in Education (Wise) (GreatSchools Rating 2/10), Walton High School (GreatSchools Rating 6/10), Walton Academy Inc. (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $4,023 (source: MLS/based on county public records data).
The last sale was on August 22, 2022 for $475,000 (source: MLS/tax record).
The property at 554 Magnolia Lake Dr has 3 bedrooms and 2 full and 1 half bathrooms.
The property 554 Magnolia Lake Dr is 2,161 SqFt (source: MLS/tax record).
The year of construction for 554 Magnolia Lake Dr is 2006.
This home is located at 554 Magnolia Lake Dr in Defuniak Springs, FL and zip code 32433. This 2,161 square foot home, which was built in 2006, sits on a 0.37 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 14, 2025 and is currently priced at $499,900.
While more than 2 listings in Defuniak Springs, FL in June 2025 were sold above asking price, there were more than 9 listings sold at asking price, and more than 9 were sold below. The inventory of homes for sale in Defuniak Springs, FL between May and June 2025 decreased by 0.7%. The median list price of listings available in June 2025 was $251,250, while the average time on the real estate market was 96 days.
From Rocket Homes Real Estate and based on county public records data.