MAGNOLIA BAY

 Known for solid construction and limited selection among models, Magnolia Bay was built in 2004 with models quite similar to Divosta's signature community of The Isles, also in Palm Beach Gardens.  There are about 190 single family homes and town homes with many backing onto an expansive lake.  Some residents have added pools to their property. There are two, three and four bedroom townhomes and three and four bedroom single family homes in the community.  Each home includes a screened lanai and a two car garage. Floor plans are light, bright and airy. Magnolia Bay single family homes have held their value over the past few years bucking the trend of declining home prices.  Magnolia Bay is located on Military Trail just north of Hood Road, convenient to schools, shopping, restaurants and major roadways.  The community is also close to The Scripps Institute and all Abacoa resources.

Recent Market Activity -- The median price of  eight homes sold in Magnolia Bay in 2014 was $392,500.  Four townhome sold with a median price of $319,000 and four single family homes sold at a median price of $448,500.  Median price reflects half of the homes selling at a higher price and half selling at a lower price.  Magnolia Bay has seen solid increases in sales and price since the market bottom in 2011. 

Older Market Activity --Through nearly 11 months of 2014 there were seven sales in Magnolia Bay and they averaged $203 per square foot.  That compares with four sales in 2011 averaging $177 per square foot when the market bottomed. From January through mid-July 2010 there was just one town home sold at $148 per square foot under air and one single family home sold at $188/SF.  The single family home price was steady with the two homes sold in 2009 and just three precent below the average square foot price for the six single family homes sold in 2008.  Town homes have declined 12 percent from 2008 into 2010 going from $168 per square foot down to $148/SF.

Magnolia Bay

All Listings $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000
8 Properties Found. Showing Page 1 of 2
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