NOT LISTED FOR SALE

115 1st St Mexico Beach, FL 32456

Estimated Value: $463,000 - $768,000

3 Beds
2 Baths
1,320 Sq Ft
$435/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $445,000 $337 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,523/month

3 Days on Market

Highlights

  • Resort Property
  • Beach House
  • No HOA
  • Gulf View
  • Furnished
  • Covered Patio or Porch

About This Home

As of October 2023

COZY 3BD/2BA FLORIDA COTTAGE WITH GULF VIEW IN MEXICO BEACH! Welcome home to this multi-story beach house constructed with separate second level entry maximizing your investment potential. Near beach access, guests are literally steps to sugar white sand, shoreline fishing and the Gulf of Mexico. The lower level layout includes a comfortable living room and eat in kitchen with granite counters and crisp white cabinetry. One bedroom and a three piece bath finish out the space. Covered parking doubles as an outdoor entertainment area for grilling & taking in the salt air. An upper level deck leads to the second floor featuring a relaxing living room and a seaside inspired kitchen with tons of storage. You will especially appreciate the quaint dining space perfect for serving up your catch of the day. Two bedrooms share a nicely appointed full bath. Luxury vinyl flooring along with a serene color theme is prevalent throughout accenting the many reminders of the sea. Outdoors is a large open deck for al fresco dining with a sunset view. The oversized gravel driveway allows space for plenty of parking with room for a boat. Mexico Beach offers world class fishing, kayaking and uncrowded beaches. Visit the city boat launch for a day offshore or the city park for a friendly game of pickleball. Located in the X flood zone, flood insurance may not be required, and no HOA dues or restrictions apply. Already an income producing rental, this would make an ideal investment or part time vacation getaway. Welcome home to your dream beach getaway! Take the 3D Tour & call today for a showing!

Last Agent to Sell the Property

Grant Haddock

Beach Properties Real Estate Group License #3467385 Listed on: 09/12/2023

Last Buyer's Agent

Sally Childs

Sundance Realty License #666212

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,281

Year Built

  • Built in 1976

Lot Details

  • 6,100 Sq Ft Lot
  • Lot Dimensions are 50 x 122
  • Landscaped
  • Interior Lot
  • Level Lot
  • Zoning described as City,Residential Single Family

Home Design

  • Beach House
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Woodwork
  • Ceiling Fan
  • Window Treatments
  • Storage
  • Gulf Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Driveway
  • Open Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Zoned Heating and Cooling System
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Resort Property
  • First Street Retreat Community

Listing and Financial Details

  • Assessor Parcel Number 04801010000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,281

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Directions: From HWY 98 turn onto 1st St. Property is on the left. Look for sign.
  • Inclusions: Washer/Dryer, Microwave
  • Prop. Type: Residential
  • Building Stories: 2
  • Property Sub Type: Detached Single Family
  • Lot Size Acres: 0.14
  • Lot Size: 50 x 122
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: No Named Subdivision
  • Architectural Style: Beach House
  • Building Name: First Street Retreat
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2
  • Property Attached Yn: No
  • Year Built: 1976
  • NAV22_ResortRentalYN: Yes
  • NAV22_BuildersWarrantyYN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Microwave, Electric Oven, Gas Water Heater
  • Furnished: Furnished
  • Interior Amenities: Breakfast Nook, Storage, Woodwork Painted, Woodwork Stained
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Wall to Wall
  • Living Area: 1320
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Landscaped, Aerials/Topo Available, Interior Lot, Level, Within 1/2 Mile of Water
  • Roof: Shingle
  • Pool Features: None
  • Pool Private: No
  • View: Gulf, Water
  • View: Yes
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered Patio, Front Porch, Patio, Porch
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Electric, Ceiling Fan(s)
  • Heating: Zoned
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Internet Available, Phone Available, Sewer Connected, Water Connected, City Trash
  • Laundry Features: Washer/Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6100
  • Additional Parcels: No
  • Parcel #: 04801010000
  • Zoning Description: City,Residential Single Family
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5281.33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Oct 23, 2023
Sold by
Wade Samuel C and Wade Lindsay
Bought by
Avery Jeffery L
Seller's Agent
Grant Haddock
Beach Properties Real Estate Group
Buyer's Agent
Sally Childs
Sundance Realty
List Price
$499,000
Sold Price
$445,000
Premium/Discount to List
-$54,000
-10.82%
Views
45
Current Estimated Value
$574,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,524
Avg. Annual Appreciation
12.25%
Original Mortgage
$333,750
Outstanding Balance
$326,263
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$248,261

Purchase Details

Listed on
Feb 5, 2020
Closed on
Sep 22, 2020
Sold by
Jenkins Kwyn
Bought by
Wade Samuel C and Wade Lindsay
Seller's Agent
Grant Terry
98 Real Estate Group, LLC
Buyer's Agent
Grant Haddock
Beach Properties Real Estate Group
List Price
$364,900
Sold Price
$339,000
Premium/Discount to List
-$25,900
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%
Original Mortgage
$254,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2018
Sold by
Kaufinan David J and Kaufinan Karen L
Bought by
Jenkins Kwyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2007
Sold by
Kaufman Karen L and Kaufman David J
Bought by
Kaufman David J and Kaufman Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Avery Jeffery L $445,000 None Listed On Document
Wade Samuel C $339,000 Attorney
Jenkins Kwyn $200,000 Attorney
Kaufman David J -- Jm Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avery Jeffery L $333,750
Previous Owner Wade Samuel C $254,250
Previous Owner Jenkins Kwyn $160,000
Previous Owner Kaufman David J $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/23/2023 10/23/23 Sold $445,000 -10.8% $337 / Sq Ft
09/12/2023 09/12/23 For Sale $499,000 +47.2% $378 / Sq Ft
09/22/2020 09/22/20 Sold $339,000 -7.1% $229 / Sq Ft View Prior Sale
07/24/2020 07/24/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $364,900 -- $246 / Sq Ft
Source: Forgotten Coast REALTOR® Association

Tax History Compared to Growth

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
2025 $6,269 $378,416 $199,950 $178,466
2024 $6,513 $374,950 $213,900 $161,050
2023 $6,513 $351,209 $217,387 $223,543
2022 $5,501 $319,281 $0 $0
2021 $5,083 $290,255 $111,600 $178,655
2020 $1,037 $97,664 $0 $0
2019 $995 $95,468 $53,382 $42,086
2018 $2,179 $91,003 $0 $0
2017 $703 $83,296 $0 $0
2016 $684 $81,583 $0 $0
2015 $691 $81,016 $0 $0
2014 $1,621 $96,434 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 315288

Forgotten Coast REALTOR® Association

APN: 04801-010-000