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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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1038 Magnolia Ln , Gulf Breeze, FL 32563
$575,000
Est. Payment: $3,176.79/mo
3 Bed
2 Bath
1616 Sqft
0.31 Acres
Status: Active | Days on site: 81
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Harrison Lilly Team
Owner/Operator

House Description

Wake up to water views in this home in Santa Rosa Shores, where a nice-sized balcony puts the Gulf Breeze lifestyle right outside your door. The current owners have invested more than $100,000 into the home — including the kitchen, bathrooms, living room, mudroom, and a new HVAC system — all done thoughtfully over time. An exterior elevator makes coming and going easy, and the ground level offers a covered carport for several vehicles, including a boat. A public boat launch is less than a quarter mile away, with Tiger Point Golf Course about a mile out. The main living area features two sliding glass doors that bring in an abundance of natural light and open onto the balcony with southern exposure. The living room centers around a wood-burning fireplace. The kitchen opens to the dining area and breakfast bar, all sharing in those water views. The primary bedroom also opens to the balcony and includes a large walk-in closet. Its updated en suite bathroom features a garden tub, zero-entry walk-in shower, and double vanities with quartz countertops. Both guest bedrooms are comfortably sized — one with its own balcony access — and share an updated second bathroom positioned between them. A large mudroom with laundry completes the home's interior. A large, enclosed workshop next to the carport offers extra storage and workspace, and a cedar-enclosed outdoor shower makes rinsing off after the beach or boat that much easier. As a primary residence, a second home, or a short-term rental with estimated annual income of $50,000–$60,000, the layout, location, and water access make this one worth a look.

Highlights

Listed by Rachael Johnson , 850-377-3144 and Mark Lee , 850-261-1996 Levin Rinke Realty , 850-916-5050. Pensacola Association of REALTORS®, Inc.

Property Type

Residential

Lot/Acreage
0.31

HOA Fee

35 Annually

Year Built

1981

County

Santa Rosa

Neighborhood

Santa Rosa Shores

Listing ID

686113

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Electric Water Heater, Built In Microwave, Dishwasher, Freezer, Refrigerator
Air Cond:Heat Pump,Central Air,Ceiling Fan(s)
Fireplaces:
Floor:Tile
Other:
  • ▪ Additional:Baseboards, Ceiling Fan(s), High Speed Internet, Recessed Lighting
Water:Public

Exterior Features

Lot Dimensions:148x89
Garage Capacity:2
Zoning:Res Single
Roof:Metal
Others:
  • ▪ Additional:Balcony, Irrigation Well, Sprinkler, Resale
Sewer:Public Sewer
Parking Features:2 Car Carport,Covered
Principal Interest
$3,177
Taxes
$367
HOA
$35

Home Price

$575,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$115,000
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Monthly Price:
$3,176.79

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $3,176.79 $366.56 $35.00 $3,578.35
Yearly $38,121.51 $4,398.75 $420.00 $42,940.26
Total $1,143,645.18 $131,962.50 $12,600.00 $1,288,207.68

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Gulf Breeze, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Pensacola Association of REALTORS®, Inc., and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T07:04:08.000Z

© 2026 Pensacola Association of REALTORS®, Inc.