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$1,200,000 Sold

279 Magnolia Wy, Dadeville, AL 36853, USA

4 bd 4 ba 2,300 sq ft 0.50 acres
Sold $1,200,000 on August 19, 2026
279 Magnolia Wy, Dadeville, AL 36853, USA
4 bd 4 ba 2,300 sq ft 0.50 acres
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$1,050,000 Estimated Value $945,000 – $1,155,000 Based on 6 similar sales
8.3 mo Absorption Rate Buyer's Market 38 active · 4.6/mo sold
95.2% List-to-Sale Ratio Sellers get close to asking
83 Avg Days on Market Longer time to sell

Sold for $1,200,000 on August 19, 2026

Est. today $1,050,000 $150,000 (-12.5%)

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At today's 6.5% rate with 10% down, a buyer would pay ~$5,973/mo for a home at this value.

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279 Magnolia Wy, Dadeville, AL 36853, USA

Description

279 Magnolia Way | Magnolia Cove on Lake Martin The only waterfront home currently available in Magnolia Cove, 279 Magnolia Way is a rare FURNISHED and turnkey opportunity with strong rental activity and proven short-term rental performance inside a community-centric lake community. Located on Lot 16 in Phase 1, the Dogwood Plan features (4)BR / (3.5)BA, two separate living areas, and (2) bedrooms on the main level. Positioned on a protected swimming cove, this home offers the ideal Lake Martin setup with a private dock, beautiful waterfront setting, and a private fire pit right at the water's edge. Whether you are swimming, paddleboarding, relaxing by the dock, or gathering around the fire pit, this property is designed for effortless lake enjoyment. The Magnolia Cove Swim Club just a golf cart or short walk away, featuring flatscreen tv, zero-entry swimming pool, hot tub spa, and covered pavilion area overlooking beautiful Lake Martin. Magnolia Cove is known for its convenient Blue Creek location, low-maintenance lake lifestyle, and strong short-term rental appeal. From here, you are just minutes by boat or car to some of Lake Martin's favorite restaurants, marinas, and attractions, while also being an easy drive to Auburn for game weekends, graduations, and year-round demand. Current rental bookings for the 2026 calendar year can transfer to the new owner, creating a rare opportunity for buyers looking for both lifestyle and investment value.

Property Details

Property Type
Residential
Bedrooms
4
Bathrooms
4
Living Area
2,300 sq ft
Lot Size
0.50 acres
Year Built
2023
Subdivision
LAKE MARTIN
County
Tallapoosa
Sold Price
$1,200,000
Sold Date
August 19, 2026
Last List Price
$1,250,000
Last List Date
May 11, 2026

Price History

  1. Sold MLS# 180441 $1,200,000
  2. Listed MLS# 180441 $1,250,000

Location

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