Magnolia Bay Homes under $500,000

Welcome to Magnolia Bay, a hidden gem nestled in the heart of Osprey and Nokomis, Florida. This charming subdivision offers an idyllic blend of serene living and vibrant community life, making it the perfect place for families, retirees, and everyone in between. With its picturesque surroundings and proximity to the stunning Gulf Coast, Magnolia Bay is a haven for those seeking both comfort and adventure.

One of the standout features of this delightful community is the availability of homes priced under $500,000. Here, prospective homeowners can discover a variety of well-designed properties that cater to diverse lifestyles and preferences. From cozy single-family homes to modern townhouses, Magnolia Bay offers an array of options that combine quality craftsmanship with affordability. Each residence is thoughtfully constructed, featuring open floor plans, spacious backyards, and contemporary finishes that make for an inviting atmosphere.

Living in Magnolia Bay means embracing a lifestyle filled with outdoor activities and natural beauty. Residents can enjoy nearby parks, trails, and the breathtaking beaches of Nokomis and Osprey, all just a short drive away. The community is also conveniently located near shopping, dining, and entertainment options, ensuring that everything you need is within reach.

Whether you're looking to start a new chapter in your life or find the perfect place to retire, Magnolia Bay welcomes you with open arms. Discover the charm, affordability, and community spirit that makes this subdivision a wonderful place to call home. Your dream home awaits in Magnolia Bay, where the beauty of Florida living comes together seamlessly.

Newest Magnolia Bay Homes under $500,000

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

124 Gentle Rain Lane, Nokomis — Meritage Homes $438,020

Under Construction. Brand new, energy-efficient home available by Dec 2026! The Essex's versatile flex can be used as a gaming area, home office or hobby space. The kitch...

4 Beds
3 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

348 Lazy Shore Drive, Nokomis — Meritage Homes $435,480

Brand new, energy-efficient home available by Aug 2026! The Yellowstone offers an open-concept layout with 4 bedrooms, 2.5 baths, and a 2-car garage. The first-floor prim...

4 Beds
3 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

368 Lazy Shore Drive, Nokomis — Meritage Homes $437,480

Under Construction. Brand new, energy-efficient home available by Oct 2026! The Yellowstone floorplan features a spacious open-concept design with 4 bedrooms, 2.5 bathroo...

4 Beds
3 Baths
Magnolia Bay SubDv.
34275 Zip Code

108 Gentle Rain Lane, Nokomis — Meritage Homes $459,660 ▲

Under Construction. Brand new, energy-efficient home available by Oct 2026! This home's first-floor primary suite ensures everyone has their own private space. Second flo...