Rare oversized Magnolia Lake waterfront lot offering approximately 1.32 acres with an impressive 224 feet of water frontage in the quiet and desirable Magnolia Lake Estates community. Located just minutes from downtown DeFuniak Springs, schools, parks, shopping, and dining, this property offers the perfect blend of privacy, nature, and convenience. Situated near the end of a cul-de-sac with paved road access, the lot features beautiful mature trees, scenic lake views, and a peaceful natural setting ideal for a future lakefront home or long-term investment. The property is adjacent to community amenities, including the dock, fishing area, pavilion, picnic area, and waterfront common space. Magnolia Lake Estates features restricted lakefront homes with a minimum 1,500 heated/cooled square foot requirement and no required build timeline, giving buyers the flexibility to build now or hold for the future. Survey available. Electric nearby. Enjoy the privacy and space of a larger waterfront parcel while still being close to town and everyday conveniences.