NOT LISTED FOR SALE

114 S 40th St Mexico Beach, FL 32456

Estimated Value: $870,000 - $932,000

3 Beds
2 Baths
1,200 Sq Ft
$744/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2025

Last sale price $870,000 $725 Per Sq Ft

Current estimated payment $5,485 / mo

10 Days on Market

Highlights

  • Gulf View
  • Vaulted Ceiling
  • Furnished
  • Newly Painted Property
  • Beach House
  • No HOA

About This Home

As of May 2025

Welcome to your dream investment property or personal beach retreat! This stunning turn-key home is just 250 ft from the sand, offering the ultimate coastal lifestyle! Built in 2020 by Premium Builder Big Fish Construction, this home is thoughtfully designed with stylish, high-quality furnishings, making it completely move-in or rental-ready. All you need is your toothbrush! Just a short walk to the beach, allowing for easy access to sun, surf, and relaxation. Perfect for short-term or long-term rentals, this home is an incredible opportunity for investors. Multiple bedrooms and open-concept living areas create a bright, airy, and inviting space. Take in the ocean view while enjoying your morning coffee or sunset cocktails on the spacious front porch, surrounded by ocean breezes. Outside you will find a lovely landscaped yard featuring fruit trees and raised bed gardens, easily maintained with a drip irrigation system. Rinse off the salt and sand in the large outside shower. All of this and still room for a pool! Modern kitchen, updated bathrooms, ample storage, and 12 parking spaces for guests, your RV and your boat! Whether you're looking for a lucrative rental property or a serene getaway, this beachside gem checks all the boxes. 1st tier, priced well under a million, this property will not last long! Don't miss this rare opportunity—schedule a viewing today!

Last Agent to Sell the Property

Beth Cooper

Forgotten Coast Realty of NW Florida Brokerage Email: 8506483000, carol@buytheforgottencoast.net License #3591177 Listed on: 04/04/2025

Last Buyer's Agent

Carter Dorsch

98 Real Estate Group, LLC License #3538531

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,864

Year Built

  • Built in 2020

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 75 x 100
  • Vinyl Fence
  • Wood Fence
  • Back Yard Fenced
  • Sprinkler System
  • Zoning described as Residential Single Family,Resort

Home Design

  • Beach House
  • Newly Painted Property
  • Metal Roof
  • Piling Construction
  • HardiePlank Type

Interior Spaces

  • 1,200 Sq Ft Home
  • Furnished
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Window Treatments
  • Gulf Views

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • Tuck Under Parking
  • Driveway
  • Open Parking

Outdoor Features

  • Outdoor Shower
  • Front Porch

Utilities

  • Central Air
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04107000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,864

Year Built

Built in 2020

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Directions: Heading west on HWY 98, turn left onto S 40th St. House is located on the right
  • Prop. Type: Residential
  • Property Sub Type: Detached Single Family
  • Lot Size Acres: 0.1722
  • Lot Size: 75 x 100
  • Road Surface Type: Paved
  • Subdivision Name: No Named Subdivision
  • Architectural Style: Beach House
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: No
  • Year Built: 2020
  • NAV22_ResortRentalYN: No
  • NAV22_BuildersWarrantyYN: No
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Disposal, Microwave, Self Cleaning Oven, Range Hood, Refrigerator w/Ice Maker, Gas Oven, Gas Water Heater, Instant Hot Water, Tankless Water Heater
  • Furnished: Furnished
  • Interior Amenities: Vaulted Ceiling(s), Kitchen Island, Recessed Lighting, Lock Out Closet, Newly Painted, Woodwork Painted
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Living Area: 1200
  • Window Features: Window Treatments, Double Pane Windows

Exterior Features

  • Exterior Features: Outdoor Shower
  • Lot Features: Sprinkler System, Within 1/2 Mile of Water
  • Roof: Metal
  • Fencing: Back Yard, Vinyl, Wood
  • Pool Features: None
  • Pool Private: No
  • View: Water, 1st Tier Gulf
  • View: Yes
  • Waterfront: No
  • Construction Type: HardiPlank Type
  • Foundation Details: Pilings
  • Patio And Porch Features: Front Porch
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway, Under House With Pad
  • Total Parking Spaces: 12

Utilities

  • Cooling: Central Electric, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected, Water Connected, City Trash
  • Laundry Features: Washer/Dryer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 7500
  • Additional Parcels: No
  • Parcel #: 04107000000
  • Zoning Description: Residential Single Family,Resort
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Lease Term: Short Term Lease

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8864.42

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2025
Closed on
May 23, 2025
Sold by
Bought by
Seller's Agent
Beth Cooper
Forgotten Coast Realty of NW Florida
Buyer's Agent
Carter Dorsch
98 Real Estate Group, LLC
List Price
$897,000
Sold Price
$870,000
Premium/Discount to List
-$27,000
-3.01%
Views
10
Current Estimated Value
$872,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,882
Avg. Annual Appreciation
2.34%
Original Mortgage
$620,000
Interest Rate
0.0683%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 25, 2014
Closed on
Oct 23, 2014
Sold by
Bought by
Seller's Agent
Grant Terry
98 Real Estate Group, LLC
List Price
$206,900
Sold Price
$200,000
Premium/Discount to List
-$6,900
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.89%
Original Mortgage
$160,000
Interest Rate
0.0415%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$870,000 None Listed On Document
$200,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $620,000
Closed $160,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2025 05/23/25 Sold $870,000 -3.0% $725 / Sq Ft
04/04/2025 04/04/25 For Sale $897,000 +348.5% $748 / Sq Ft
10/23/2014 10/23/14 Sold $200,000 -3.3% $150 / Sq Ft View Prior Sale
09/12/2014 09/12/14 Pending -- -- --
07/25/2014 07/25/14 For Sale $206,900 -- $155 / Sq Ft
Source: Forgotten Coast REALTOR® Association

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,234 $611,586 -- --
2024 $7,242 $594,350 $368,625 $225,725
2023 $7,242 $369,969 $345,000 $189,059
2022 $6,315 $336,335 $0 $0
2021 $5,950 $305,759 $0 $0
2020 $3,485 $195,000 $195,000 $0
2019 $3,101 $166,575 $166,575 $0
2018 $3,733 $209,499 $0 $0
2017 $3,342 $204,113 $0 $0
2016 $3,070 $185,557 $0 $0
2015 $3,110 $185,960 $0 $0
2014 $3,040 $180,851 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 321545

Forgotten Coast REALTOR® Association

APN: 04107-000-000

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