Magnolia Bay Homes under $400,000

Welcome to Magnolia Bay, a hidden gem nestled in the heart of Osprey, Florida, just a stone's throw from the beautiful Nokomis beaches. This charming subdivision offers a unique blend of tranquility and convenience, making it the perfect place for families, retirees, and everyone in between. With its lush landscapes and friendly community atmosphere, Magnolia Bay is more than just a neighborhood; it's a lifestyle.

One of the standout features of Magnolia Bay is its affordability. Here, you can find a variety of homes priced under $400,000, allowing you to embrace the Florida dream without breaking the bank. These well-designed residences boast modern amenities, spacious layouts, and inviting outdoor spaces, perfect for enjoying the warm Florida sunshine. Whether you're seeking a cozy single-family home or a low-maintenance villa, Magnolia Bay has something to suit every taste and budget.

The location of Magnolia Bay is truly unbeatable. Residents enjoy easy access to pristine Gulf Coast beaches, vibrant local dining, and a plethora of recreational activities. Explore nearby parks, indulge in water sports, or simply relax by the shore—it's all within reach. Plus, with Sarasota's rich cultural scene just a short drive away, you'll never run out of things to do.

In Magnolia Bay, you’ll not only find a home but a welcoming community that celebrates the best of Florida living. Come discover your new haven today, where comfort meets affordability in the heart of paradise!

Newest Magnolia Bay Homes under $400,000

124 Canoe Bend Avenue, Nokomis — Meritage Homes $380,650

Under Construction. Brand new, energy-efficient home available by Dec 2026! The Everglade floorplan showcases an open-concept design with 3 bedrooms, 2 bathrooms, and a s...

3 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

116 Canoe Bend Avenue, Nokomis — Meritage Homes $392,660

Under Construction. Brand new, energy-efficient home available by Nov 2026! The Acadia makes entertaining easy with an open kitchen, dining area, and great room. The prim...

4 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

120 Gentle Rain Lane, Nokomis — Meritage Homes $396,520

Under Construction. Brand new, energy-efficient home available by Dec 2026! The Bluebell floorplan showcases an open-concept design with 3 bedrooms, 2 bathrooms and a spa...

3 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

356 Lazy Shore Drive, Nokomis — Meritage Homes $368,110

Under Construction. Brand new, energy-efficient home available by Nov 2026! The Denali II floorplan features a spacious open-concept design with 3 bedrooms, 2 bathrooms, ...

3 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

121 Sycamore Fold Street, Nokomis — Meritage Homes $390,670

Under Construction. Brand new, energy-efficient home available by Dec 2026! The Bluebell floorplan showcases an open-concept design with 3 bedrooms, 2 bathrooms and a spa...

3 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

112 Gentle Rain Lane, Nokomis — Meritage Homes $393,210

Under Construction. Brand new, energy-efficient home available by Nov 2026! The Bluebell floorplan showcases an open-concept design with 3 bedrooms, 2 bathrooms and a spa...

3 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

344 Lazy Shore Drive, Nokomis — Meritage Homes $372,510

Under Construction. Brand new, energy-efficient home available by Oct 2026! The Denali II floorplan features a spacious open-concept design with 3 bedrooms, 2 bathrooms, ...

3 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

352 Lazy Shore Drive, Nokomis — Meritage Homes $397,100

Under Construction. Brand new, energy-efficient home available by Nov 2026! The Acadia makes entertaining easy with an open kitchen, dining area, and great room. The prim...

4 Beds
2 Baths
Magnolia Bay SubDv.
34275 Zip Code

161 Canoe Bend Avenue, Nokomis — Meritage Homes $350,000 ▼

Under Construction. Brand new, energy-efficient home available by Mar 2026! The Denali II floorplan features a spacious open-concept design with 3 bedrooms, 2 bathrooms, ...