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5901 Magnolia Beach Rd, Panama City Beach, FL, 32408

$389,000

Home List Price

$4,619*

Closing Credit

5 Bedrooms
2 Full Baths
1,632 SqFt
$238/SqFt
House
Schools Nearby

Location

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5901 Magnolia Beach Rd, Panama City$389,000

Buyer Closing Credits

$4,619*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage1 space
Year Built1962
HeatingCentral, Electric, Fireplace(s)
CoolingCentral Air, Ceiling Fan(s)
MLS #752668
Lot Size0.20 Acres
StatusActive

About 5901 Magnolia Beach Rd

Motivated Seller - $5,000 Buyer Concession Being Offered for Closing Cost or upgrades to the home for new flooring. Living on Panama City Beach is a dream come true in this 5 bedroom, 2 bath home close to Patronis Elementary, two grocery stores, St. Andrews State Park, lots of water activities along North Lagoon, and tons of restaurants. The home was remolded in 2013 to convert a second living room area to add a 5th bedroom with a closet for the home owner, but is not reflected on the property appraiser. The covered porch with metal roof was added by the home owner in 2013. Other improvements include, whole house metal roof replacement in 2014, a backyard large storage building with loft on slab in 2013, water heater in 2020, complete air & heat unit in 2020, enlarged the circular driveway, enlarged the screened patio area, removed all carpet and added vinyl floor tiles in most rooms. The wood flooring needs to be replaced. The seller will give a flooring allowance. This home is all brick on the exterior. The previous owner had completed some updates to the home making the effective year built 2002. There is a wood burning fireplace in the living room that the seller has never used. There are pet doors installed to allow pets to access the screened porch and one to the fully fenced backyard. A double gate allows the homeowner to access the backyard to store boats or camper if needed on a concrete pad.The large circular driveway allows for access to the home from Magnolia Beach Rd and Bruce. This home offers many options for families or could be a great rental options for multiple people to share space. The kitchen has granite counter tops and ceiling height cabinets. It is very spacious and open to the dining room which holds a very large dining table. The laundry room is located just off the single car garage. The master bathroom tub was updated to a walk in shower with handicap bar and seat. Panama City Beach has so much to offer and living close to Bay Pointe and many other great communities makes this home a valuable property to own. Come see today.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1962
  • Living Area: 1,632 SqFt

Listing Office:

  • Office Name: RC Real Estate Group

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Fence, Porch, Patio

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Fireplace(s)
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • J.R. Arnold High School, Public District Grades 9-12
  • Surfside Middle School, Public District Grades 6-8
  • Patronis Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Thomas Dr. Turn East at the light on Magnolia Beach Road between Publix and Winn Dixie. Home is about 1/2 mile down on the right side of the road at the corner of Bruce and Magnolia Beach Road with a white picket fence.

Price Information

Listing Price Info

Price Summary:

  • List Price: $389,000
  • Price Per SqFt: $238/SqFt
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

Med. Sold Price

$347.6K

Med. Price/SqFt

$204

Avg. Days On Market

61

# of Sold Homes

211

5901 Magnolia Beach Rd vs Panama City

51 DAYS ON ROCKET

-10 Days

$389,000

+$41.3K More

$238/SqFt

+$33 More

KEY TAKEAWAY

This property is $41.3K more than the Median Sold Price and $33/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #752668

Listing Office:

  • Office Name: RC Real Estate Group

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© 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: 5/2/2024, 10:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 04, 2013Home Sold
$155,000
Apr 24, 2012Home Sold
$145,000
Sep 01, 2009Home Sold
$128,300
Aug 22, 2006Home Sold
$220,000
Oct 11, 2004Home Sold
$75,000
Oct 07, 2004Home Sold
$175,000
Jul 01, 1998Home Sold
$97,000

Tax History

YEARPROP. TAXASSESSMENT
2020 - $72,031
2018 - $125,314
2017 - $123,907

History based on county public records data.

Payment Calculator

$2,009

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,233

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5018738
7
/10
  • Patronis Elementary School

  • 7400 Patronis Dr

  • 1.20 miles

  • Public District Grades PK-5

Middle School

school-card-donut-5018739
5
/10
  • Surfside Middle School

  • 300 Nautilus St

  • 7.08 miles

  • Public District Grades 6-8

High School

school-card-donut-5018740
5
/10
  • J.R. Arnold High School

  • 550 N Alf Coleman Rd

  • 4.98 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,214. Typical income of Panama City, FL residents is between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5901 Magnolia Beach Rd

What is the listing price of this property?

The listing price of 5901 Magnolia Beach Rd property is $389,000.

What type of property is this?

The property 5901 Magnolia Beach Rd is a house located in Panama City Beach, Florida, 32408.

Is this property for sale now?

Active Listing: 5901 Magnolia Beach Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5901 Magnolia Beach Rd are:
Patronis Elementary School: GreatSchools Rating 7/10
Surfside Middle School: GreatSchools Rating 5/10
J.R. Arnold High School: GreatSchools Rating 5/10

When was this property sold last time and for how much?

The last sale was on June 4, 2013 for $155,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5901 Magnolia Beach Rd has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5901 Magnolia Beach Rd is 1,632 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5901 Magnolia Beach Rd is 1962.

Rocket HomesFloridaBay CountyPanama City324085901 Magnolia Beach Rd

This home is located at 5901 Magnolia Beach Rd in Panama City Beach, FL and zip code 32408 in the Point Royal neighborhood. This 1,632 square foot home, which was built in 1962, sits on a 0.20 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $389,000.

In April 2024 more than 30 listings in Panama City, FL were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 130 were sold below. The number of listings in Panama City, FL increased by 4.7% between March 2024 and April 2024. Listings spent 61 days on the market in April 2024, and had a median list price of $347,653 during the same period.

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

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