$3,999,000

111 31st St Unit A & B Mexico Beach, FL 32456

Estimated payment $22,353/month

Total Views 25,320
12 Beds
14 Baths
7,514 Sq Ft
$532 Price per Sq Ft

Highlights

  • Heated In Ground Pool
  • Gulf View
  • High Ceiling
  • Resort Property
  • Beach House
  • Furnished

About This Home

This luxury duplex is a rental-ready gem, fully furnished and equipped to attract vacationers looking for a memorable stay in Mexico Beach. With a total of 12 en-suite bedrooms, along with two half baths and two bunk rooms, the property can comfortably host large groups, making it a lucrative investment in Florida's thriving rental market. This stunning luxury duplex in Mexico Beach, FL, is more than just a home; it's a gateway to creating unforgettable memories with family and friends. With its prime location, luxurious amenities, and versatile living options, it stands out as an exceptional opportunity for anyone seeking a slice of paradise. Whether you envision it as your dream home, a vacation getaway, or a profitable investment, this property is ready to welcome you to the best of beachside living. Each Side - Level 1: The first level greets you with a spacious foyer and a convenient half bath, setting the tone for the elegance that follows. Level 2: Ascend to the second level, where you'll find a spacious living-dining-kitchen area adorned with designer furniture. The gourmet kitchen features granite countertops, stainless steel appliances, a stylish backsplash, and exquisite wood cabinets, along with a charming farm sink. This level also includes a cozy bedroom with an en-suite bath, a powder room, and a laundry area. A covered porch provides stunning views of the beach and is the perfect spot for sunset watching. Level 3: On the third level, three additional bedrooms with en-suite baths ensure privacy and comfort for family members or guests. A covered porch offers a private escape to catch the refreshing Gulf breeze, making this level a perfect retreat after a day of beach fun. Level 4: Family Fun Zone The fourth level is dedicated to recreation, featuring a family area perfect for kids, along with two more bedrooms. One of these bedrooms is a fun haven, equipped with three sets of twin bunk. Enjoy the heated cocktail pool, a putting green & covered patio.

Listing Agent

Teresa Carlton

Forgotten Coast Realty of NW Florida Brokerage Email: 8506483000, carol@buytheforgottencoast.net License #3067146 Listed on: 07/01/2025

Co-Listing Agent

Carol Erwin

Forgotten Coast Realty of NW Florida Brokerage Email: 8506483000, carol@buytheforgottencoast.net License #3079585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,688

Year Built

  • Built in 2023

Lot Details

  • 7,632 Sq Ft Lot
  • Lot Dimensions are 72 x 106
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Lawn Pump
  • Additional Parcels

Home Design

  • Duplex
  • Beach House
  • Off Grade Structure
  • Frame Construction
  • Metal Roof
  • Piling Construction
  • HardiePlank Type

Interior Spaces

  • 7,514 Sq Ft Home
  • 2-Story Property
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Blinds
  • Storage
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Covered Parking
  • Driveway
  • Open Parking

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04561000000

Community Details

Overview

  • No Home Owners Association
  • Resort Property
  • Fun At The Beach Community

Building Details

  • Gross Income $176,547

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,688

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Attribution Contact: 8506483000, carol@buytheforgottencoast.net
  • Directions: Mexico Beach - South on 31st St - Property on Left.
  • Prop. Type: Residential
  • Building Stories: 2
  • Property Sub Type: Duplex,Dup/Tri/Quad (Multi-Unit)
  • Lot Size Acres: 0.1752
  • Lot Size: 72 x 106
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: 112
  • Co List Office Phone: 850-648-3000
  • Subdivision Name: No Named Subdivision
  • Architectural Style: Beach House
  • Building Name: Fun At The Beach
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2
  • Property Attached Yn: Yes
  • Structure Type: Duplex
  • Year Built: 2023
  • NAV22_ResortRentalYN: Yes
  • NAV22_BuildersWarrantyYN: No
  • NAV22_PoolType: Private
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Disposal, Microwave, Refrigerator w/Ice Maker, Electric Oven, Tankless Water Heater
  • Furnished: Furnished
  • Interior Amenities: Breakfast Bar, Ceiling Raised, Storage, Kitchen Island, Recessed Lighting, Split Bedroom, Walk-In Closet(s)
  • Full Bathrooms: 12
  • Half Bathrooms: 2
  • Total Bedrooms: 12
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Living Area: 7514
  • Window Features: Window Treatments, Insulated Windows, Storm Window(s)
  • Master Bedroom Features: Blinds
  • Master Bathroom Features: Double Vanity, Shower Only

Exterior Features

  • Exterior Features: Barbecue, Lawn Pump, Outdoor Shower
  • Lot Features: Landscaped, Sprinkler System, Level, Survey Available, Within 1/2 Mile of Water, Improved Lot
  • Roof: Metal
  • Fencing: Back Yard
  • Pool Features: Heated, In Ground, Gunite/Concrete
  • Pool Private: Yes
  • View: Water, 1st Tier Gulf, Gulf
  • View: Yes
  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type
  • Foundation Details: Off Grade, Pilings
  • Patio And Porch Features: Balcony, Covered Porch
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Covered, Driveway
  • Total Parking Spaces: 8

Utilities

  • Cooling: Central Electric, Ceiling Fan(s)
  • Heating: Central Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, City Trash
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7632
  • Additional Parcels Description: 04561-010-000
  • Additional Parcels: Yes
  • Parcel #: 04561000000
  • Zoning Description: City

Rental Info

  • Lease Term: Short Term Lease

Multi Family

  • Annual Gross Income: 176547

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,688 $814,596 -- --
2023 $2,688 $152,552 $165,830 $0
2022 $2,311 $138,684 $138,684 $0
2021 $1,741 $96,881 $0 $0
2020 $1,675 $93,730 $93,730 $0
2019 $1,491 $80,067 $80,067 $0
2018 $2,205 $114,685 $0 $0
2017 $1,838 $112,353 $0 $0
2016 $1,711 $103,389 $0 $0
2015 $1,734 $103,690 $0 $0
2014 $1,716 $102,080 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Price Changed $3,999,000 -4.6% $532 / Sq Ft
04/14/2025 04/14/25 Price Changed $4,190,000 -2.3% $558 / Sq Ft
02/14/2025 02/14/25 Price Changed $4,290,000 -2.3% $571 / Sq Ft
11/14/2024 11/14/24 For Sale $4,390,000 +728.3% $584 / Sq Ft
07/30/2021 07/30/21 Sold $530,000 -3.5% --
06/27/2021 06/27/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $549,000 -- --
Source: Forgotten Coast REALTOR® Association

Mortgage History

Date Status Loan Amount Loan Type
Closed $2,000,000 Construction
Source: Public Records

Similar Home in Mexico Beach, FL

  • 111 31st St Unit A & B, Mexico Beach, FL 32456

    $3,999,000

    • 12 Beds
    • 14 Baths
    • 7,514 Sq Ft
    • 111 31st St
    • Unit A & B
    • Mexico Beach, FL

    This luxury duplex is a rental-ready gem, fully furnished and equipped to attract vacationers looking for a memorable stay in Mexico Beach. With a total of 12 en-suite bedrooms, along with two half baths and two bunk rooms, the property can comfortably host large groups, making it a lucrative investment in Florida's thriving rental market. This stunning luxury duplex in Mexico Beach, FL, is more

    Carol Erwin Forgotten Coast Realty of NW Florida LLC

    Section Image

Source: Forgotten Coast REALTOR® Association

MLS Number: 322425

Forgotten Coast REALTOR® Association

APN: 04561-010-000