About Palm Beach Gardens' Magnolia Bay

Magnolia Bay | Palm Beach Gardens FL | Palm Beach County Real Estate | 33418

Gated community comprised of 195 DiVosta built residences. These Palm Beach Gardens homes for sale consist of single-family homes, townhomes, and villas. Community amenities include swimming pool, clubhouse, exercise room, playground and tennis.

Single family homes at Palm Beach Gardens Magnolia Bay, like many of the Divosta communities, are holding value in a declining market.

Single family home prices in Magnolia Bay remain steady from 2009 into mid-2010 and declined just three percent between 2008 and 2010 Many other communities witnessed home values decline more than 10 percent in the past two years. In mid-July 2010 there were five single family homes and three town homes on the market in 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 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.

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 percent below the average square foot price for the six single family homes sold in 2008. Town homes have decline 12 percent from 2008 into 2010 going from $168 per square foot down to $148/SF.

The Weiss-Clawson Team researches communities throughout Palm Beach Gardens and Palm Beach County to provide the most up to date information for our clients. If you are interested in buying or selling a homes in Palm Beach County, please contact The Weiss-Clawson Team directly. We look forward to hearing from you and to helping you with your real estate needs.

A charming neighborhood in a mid-price range that is actually holding value describes Magnolia Bay in Palm Beach Gardens.

With about 185 single family and townhomes built in 2004, Magnolia Bay is another well constructed and centrally located Divosta community close to shopping, restaurants, recreation and major roadways. And it is just a few miles from the areas bio-medical research facilities at the Scripps Institute and the Max Plank Institute at Abacoa.

All solid poued concrete construction. Magnolia Bay homes are two, three and four bedroom units, some on a lake and some with private pools. The size of the homes range from just above 1500 square feet under air to 2700/SF. Each homes has a two car garage. In early July there were six single family homes on the market and four townhomes for sale, ranging in price from $299,000 to $480,000.

Of great importance to many buyers, the community of Magnolia Bay appears to be holding value as prices in many other neighborhoods tumble. From 2008 through the first half of 2010, prices of single family homes at Magnolia Bay dropped just three percent. And from 2009 through the first half of 2010, prices actually increased almost five percent. Prices of the townhomes have declined about 12 percent from 2008 into 2010.

Just two homes have sold in the first half of 2010, a single family home at $194/SF and a town home at $168/SF. In 2009 there were six homes sold, four townhomes averaging $178/SF and two single family homes averaging $185.5/SF. In 2008 there were six townhoms sold averaging 168/SF and six single family homes sold averaging $194/SF.

Magnolia Bay is located along Military Trail north of PGA Boulevard and south of Hood Road.

The Weiss-Clawson Team researches communities throughout Palm Beach Gardens to provide the most up to date information for our clients. If you are interested in buying or selling home in Palm Beach Gardens or throughout Palm Beach County, please contact The Weiss-Clawson Team directly. We look forward to hearing from you and to working with you.

Magnolia Bay
Located in the prestigious Palm Beach Gardens is the community of Magnolia Bay. This is a lakefront community filled with fine featured estates from $310,900 to $534,900, and spectacular community amenities.
Each of the homes here are CBS construction, and have hurricane shutters. With spacious floor plans you can pick from three different styles, one including a townhouse model; most with outstanding views of the lake. Starting at 1,700 square feet they go up to 2,500 and include attached garages, screened in patios, and a swimming pool.
Along with the spectacular homes and location, the community offers their residents great amenities. Enjoy the sparkling pool, extraordinary clubhouse, and tennis courts.

Feel Free to check out more information and listings in the area at:
Palm Beach Gardens
Magnolia Bay
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Community Review: Magnolia Bay