Magnolia Village Condos for Sale

About Magnolia Village

Magnolia Village is twelve condominium homes, numbered 501 through 512 on Magnolia Place, beside one separate common-area parcel of about 1.9 acres. Walton County's parcel records give every home a one-twelfth interest in the common elements, whatever its size, and the state property roll lists 1976 as the actual year built for all twelve. That same roll shows living areas from 1,258 to 1,640 square feet in eight different figures, with units 506, 511 and 512 sharing the smallest.

Two layers of governance apply. County records name Magnolia Village Condominium Association, Inc. as owner of the common parcel, and the Sandestin Owners Association roster dated September 2, 2026 lists Magnolia Village as a neighborhood with its own management, on a line apart from Magnolia Bay. The master association says property inside a neighborhood is maintained by that neighborhood's association, while its own assessment covers security, most common-area roads and drainage, landscape, lakes, sanitation and two pools. The parcel records and the roster attach no pool, beach right or club membership to these twelve homes.

On FEMA's national flood map, all twelve home parcels fall in Zone X. The common parcel is the exception: roughly one twentieth of its ground reaches into Zone AE at a base flood elevation of 7 feet, which makes the shared land worth a separate question when you review what the association insures.