Kris has summed it up nicely (one of the best agents in Magnolia by the way) but I can't help but add a little bit to this question having been born and raised in Magnolia, and currently working in the Magnolia Windermere office. It definitely has a small town feel. It feels like you are well out of any metropolitan area, but is literally 5-10 minutes to downtown Seattle. (depending where in Magnolia you live) It is a great place to raise a family and is a very genuine community. Discovery Park is the best park in Seattel by far! (in my opinion) On the other note, it is tough to travel east, and lacks a bit of diversity.
I have lived in Magnolia for over 6 years. It is a quiet quaint boutique like neighborhood. Cozy little village area, great parks including Discovery Park. I like the reference to Mayberry, it is descriptive and accurate. Fantastic views of the sound. The only area with a different personality from this is the east side of the hill toward Fisherman's Terminal. There are a lot of rentals in that area, and due to its proximity to the industrial center and railroad, tends to fetch much less of a premium then the other side of the hill.
I love the neighborhood. The only down side I have is the difficulty traveling east to I5, 520 and I90. I work in Wedgwood and the commute is generally 25 minutes.
Hope it helps
Hope this helps, it really helped me to reminisce. I can help with referrals of folks who really know th Bluff if you need one.
I have lived in Magnolia for close to 30 years and I think that the best way to describe it is "small town." It is sometimes jokingly referred to as Mayberry.
It is friendly, people smile and say hi when they walk by you. There are plenty of places to walk and ride bikes and it also has the city's only 500 acre park (Discovery Park) which runs from a grove of old growth trees to the beach. The main shopping area is called 'the village" and it has a number of good restaurants and coffee shops.
I find that many of my clients who live on the hill all say the same thing--when they come home after a long day, they hit the bridge and see the water and the Olympics and just breathe a sigh of relief. It is a very relaxing place, but again, just minutes to everything Seattle has to offer.
Hope this helps. Let me know if you have specific questions.