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$4,990,000

601 Magnolia Dr Destin, FL 32541

5 beds
6 full
5,384 sqft
0.5 acres
$927 / sqft
House

Property details

About 601 Magnolia Dr

This canal-front home on Holiday Isle sits on a spacious corner lot and is a true boaters dream, featuring over 217 feet of waterfront—ample space for your fleet of vessels. The property offers two covered deep-water 40-foot slips, one equipped with a 25,000-pound boat lift. Additional features include three 30-amp power pedestals and a non-covered jet ski lift. The crown jewel of the estate is a 100-foot lay-to dock, current owner has been HOA-approved to accommodate a 90-foot sportfishing yacht with a 232 beam. This dock includes two 100-amp single-phase power pedestals and ten newly installed 12-inch pilings, ensuring secure mooring. Meticulously designed and constructed, this newer custom home boasts top-of-the-line upgrades and remarkable attention to detail, making it a standout for boat enthusiasts. Luxury amenities include an elevator, Generac generator, electric blinds, and plantation shutters. There is a spacious living area on each level, laundry room on each level and a second-floor kitchenette. Each of the five large bedrooms features its own en suite bathroom. Positioned at the end of a private cul-de-sac, the property features a large paver circular driveway, an oversized two-car garage, and a separate garage for a golf cart or boating and fishing supplies. The resort-like rear exterior includes a stunning swimming pool and hot tub with fountains, a rain curtain, and custom color-changing lighting. Roll-up pool screens provide unobstructed views and enhanced airflow. Over 2,000 square feet of covered porches, a large sundeck, and a private beach area with a fire pit complete this exceptional outdoor living space.

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Size5,384 sqft
Lot size0.46 Acres
Year built2017
ParkingBoat, Golf Cart Enclosed, Oversized
MLS #980583
Attached garage3 spaces
WaterfrontCanal
FireplaceFireplace
ViewCanal
Private poolYes

Summary

  • Full Bathrooms: 6
  • Appliances: Cooktop, Dishwasher, Disposal, Ice Maker, Self Cleaning Oven, Range Hood, Refrigerator, Ice Maker, Security System, Gas Oven, Wine Cooler
  • Interior: Breakfast Bar, Ceiling Crown Molding, Raised Ceiling, Elevator, Fireplace, Kitchen Island, Recessed Lighting, Media Room, Washer/Dryer Hookups
  • Fireplace: Fireplace
  • Total Bedroom Count: 5
  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Private Pool: Yes
  • Parking: Boat, Golf Cart Enclosed, Oversized
  • Waterfront: Canal
  • View: Canal
  • Exterior: Rain Gutter, Balcony, BBQ Pit/Grill, Boat Slip, Boatlift, Dock, Hot Tub, Lawn Pump, Pool - Gunite Concrt, Sprinkler System
  • Architectural Style: Contemporary
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air
  • List Price: $4,990,000
  • Price/SqFt: $926
  • Annual Tax Amount: $9,312
  • Tax Year: 2023
  • Lot: Seawall, Corner Lot, Covenant/Restriction, Cul-De-Sac, Dead End Street, Within 1/2 Mile to Water
  • Directions: From Hwy 98 turn South on Gulf Shore Dr. Turn R on Moreno Point Rd, left on Magnolia Dr. House is last house on the left.
  • Year Built: 2017
  • Stories: 2
  • Living Area: 5,384 SqFt
  • Lot Size: 0.46 Acres
  • MLS Number: 980583
  • MLS Name: Emerald Coast Association of REALTORS®
  • Office Name: Lokation
  • Office Email: mls@lokationre.com
  • Listing Agent: Michelle C Blanton

IDX 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: 7/24/2025, 3:40:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Sep 26, 2023
Home Sold
$4,700,000
Nov 20, 2014
Home Sold
$550,000

Tax history

YearAssessmentProperty Tax
2023$1,992,321$9,312
2022$1,934,292$9,114
2021$1,877,953$9,114
2020$1,852,025$9,114
2018$1,604,427$21,027

History based on county public records data.

Nearby schools

8

Destin Elementary School

Public District PK-4

1.1 mi

630 Kelly St

7

Eglin Elementary School

Public District KG-4

6.5 mi

200 Gaffney Rd

4

Shalimar Elementary School

Public District PK-5

6.6 mi

1350 Joe Martin Cir

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $80,435. Typical income of Destin, FL residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

25%
<35k
44%
35k-100k
28%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

51%
Single, No Kids
5%
Single, with Kids
36%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
3%
12-17 yrs old
17%
18-34 yrs old
44%
35-64 yrs old
28%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • PGA/LPGAPGA/LPGA
  • College FootballCollege Football

Where do the neighbors shop?

  • BJs Wholesale ClubBJs Wholesale Club
  • Stein MartStein Mart
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • PaneraPanera
  • Bob EvansBob Evans
  • SonicSonic

What do the neighbors drive?

  • InfinitiInfiniti
  • LincolnLincoln
  • KiaKia

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • News/Talk/InformationNews/Talk/Information
  • New CountryNew Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 601 Magnolia Dr

The listing price of 601 Magnolia Dr property is $4,990,000.

The property 601 Magnolia Dr is a house located in Destin, Florida, 32541.

Active Listing: 601 Magnolia Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 601 Magnolia Dr are: Destin Elementary School (GreatSchools Rating 8/10), Eglin Elementary School (GreatSchools Rating 7/10), Shalimar Elementary School (GreatSchools Rating 4/10), Destin Middle School (GreatSchools Rating 8/10), Northwest Florida Ballet Academie (GreatSchools Rating 10/10), Meigs Middle School (GreatSchools Rating 5/10), Choctawhatchee High School (GreatSchools Rating 4/10), Fort Walton Beach High School (GreatSchools Rating 5/10), Okaloosa Technical College and Choice High School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2023 is $9,312 (source: MLS/based on county public records data).

The last sale was on September 26, 2023 for $4,700,000 (source: MLS/tax record).

The property at 601 Magnolia Dr has 5 bedrooms and 6 bathrooms.

The property 601 Magnolia Dr is 5,384 SqFt (source: MLS/tax record).

The year of construction for 601 Magnolia Dr is 2017.

This home is located at 601 Magnolia Dr in Destin, FL and zip code 32541. This 5,384 square foot home, which was built in 2017, sits on a 0.46 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $4,990,000.

Over 3 listings were sold over their listed price in June 2025 in Destin, FL. In the same period over 58 listings were sold below the listed price and 7 listings were sold for the listed price. In June 2025 in Destin, FL there were 3.3% more homes for sale than in May. While the average time on the market in June 2025 was 125 days, the median list price was $579,000.

From Rocket Homes Real Estate and based on county public records data.

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