5023 Magnolia Bay Circle, Palm Beach Gardens, FL 33418 (MLS# R11076721)

5023 Magnolia Bay Circle, Palm Beach Gardens, FL 33418

$615,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 2,149 Status: Closed
Current Price: $615,000 List Date: 3/31/2025 Last Modified: 8/11/2026

Overview

Description

Nestled in the highly sought-after Magnolia Bay neighborhood, this beautifully updated 2-bedroom home offers a rare find with en-suite bathrooms for each bedroom and an additional versatile den/office space featuring elegant French doors. Enjoy stunning water views that create a serene backdrop for your daily life. The home boasts newer appliances and an expanded kitchen, perfect for cooking and entertaining. A spacious laundry room, walk-in closets and two-car garage add to the convenience. Benefit from low HOA fees in this gated community, which includes cable and internet, as well as fantastic amenities such as tennis courts, a pool, a playground and a gym.

Supplements: These homes are expertly crafted by Divosta, ensuring quality and comfort throughout. Don't miss your chance to make this gem your own. The home is fully furnished and would be perfect for a seasonal stay or to make it your permanent residence.

Listing Details MLS# R11076721

General Property Information

Number Of Units In Community
187
Property Sub Type
Villa
Bedrooms Total
2
Bathrooms Total
2
Bathrooms Full
2
Building Area Main
2149
Building Area Source
Public Records
Living Area Main
1708
Year Built
2004
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Covered Spaces
2
Gated Community YN
Yes
Lot Size Area
4765
Lot Size Acres
0.11
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Stories
Yes
Direction Faces
East
Pool Private YN
No
Furnished
Furnished
Year Roof Installed
2004

Property Features

Association Fee Includes: Cable TV; Maintenance Grounds; Trash Dining Area: Breakfast Area; Eat-In Kitchen; Formal Dining Flooring: Wood Parking Features: Attached Garage; Garage Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer; Water Heater Water Heater Details: Electric Water Heater Construction Materials: CBS; Concrete Cooling: Central Air; Electric Association Type: Homeowner Association Heating: Central; Electric Interior Features: Built-in Features; Closet Cabinetry; Pantry; Walk-In Closet(s) Laundry Features: Inside Listing Terms: Cash; Conventional; FHA; VA Loan Pets Allowed YN: Yes Pets Allowed: Breed Restrictions; Pet Restrictions Possible Possession: Negotiable Restrictions: Buyer Approval Required; Lease Restrictions Other Leasing Restrictions: Leasing Prohibited 1st 2 Years; Tenant Approval Roof: Spanish Tile Security Features: Gated - No Guard; Smoke Detector(s) Special Information: Sold As-Is Structure Type: Villa Tax Information: Homestead Exemption Utilities: Water Available Water View: Lake Waterfront Features: Lake Front Window Features: Blinds Showing Requirements: Appointment Only; Call Listing Agent; Occupied; Schedule Online Outdoor Living Spaces: Patio Patio Details: Patio - Open Contingencies: Financing Room Types: Bedroom 2; Den; Kitchen; Laundry; Living Room; Master Bedroom Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
698000
Negotiable Seller Concessions YN
No

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
5023
Street Name
Magnolia Bay
Street Suffix
Circle
City Name
Palm Beach Gardens
State Or Province
FL
Postal Code
33418
Postal Zip
33418
Subdivision Name
MAGNOLIA BAY
Development Name
MAGNOLIA BAY
Area
5320
Geographic Area
PB29
Elementary School
Marsh Pointe
Middle Or Junior School
Watson B. Duncan
High School
William T. Dwyer
Special Assessment YN
No
Parcel Number
52424125090001480
Zoning
RL3(ci
Directions
Military Trail to entrance of Magnolia Bay on West side of the street

Financial Information

Association YN
Yes
Association Deposit YN
No
Association Fee
421
Association Fee Frequency
Monthly
Association Membership
Mandatory
Application Required YN
Yes
Association Phone
561-250-6565
Association Website
https://www.tritoncam.com/
Membership Fee Required YN
No
Tax Annual Amount
2713
Tax Year
2024
Tax Legal Description
MAGNOLIA BAY LT 148

Status Change Information

Major Change Timestamp
2025-08-29T15:38:39Z
Major Change Type
Status Change
Price Change Timestamp
2025-05-05T13:35:05Z
Status Change Date
2025-08-29
Under Contract Date
2025-07-02
Close Date
2025-08-29
Close Price
615000
Buyer Financing
Conventional

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
450

Short Sale Details

Short Sale Addendum
No

Capital Contributions

Capital Contributions YN
Yes
Capital Contributions Amount
1263

Main Level Rooms

Main Level Bathrooms
2
Main Level Bedrooms
2

Storm Protection

Panel Shutters
Complete

Buyer Details

Intended Use
Primary Residence

Concessions

Seller Concessions
No

Contributions

Buyer Contributions
No

Room Types

Bedroom 2 Level
Main
Kitchen Level
Main
Living Room Level
Main
Master Bedroom Level
Main

Price Calculations

Current Price To SqFt
360.07
Original List Price To Close Price
1.13

Originating Details

Originating System Key
20250331172605296855000000
Originating System ID
M00000170

Room Information

Room Name Length Width Level
Living Room 18.00 16.00 Main
Kitchen 14.00 10.00 Main
Master Bedroom 15.00 13.00 Main
Bedroom 2 13.00 12.00 Main
Laundry
Den

Documents

IDX
Listing Office: Luxury Real Estate Group LLC
Source MLS Verified
Last Updated: August - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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