NOT LISTED FOR SALE

118 S 38th St Unit 8 Mexico Beach, FL 32456

Estimated Value: $525,295 - $605,000

2 Beds
2 Baths
892 Sq Ft
$683/mo HOA Fee

Last Sold December 05, 2023

Last sale price $590,000 $661 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,261/month

10 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Property fronts gulf or ocean
  • In Ground Pool
  • Beach
  • Private Beach
  • Resort Property

About This Home

As of December 2023

BEACHFRONT 2BR/2BA condo with beautiful views of the beach, sunset, and Gulf of Mexico from your balcony! This unit has been completely renovated inside and out with all new features such as Luxury vinyl plank flooring, stainless steel appliances, granite countertops, HVAC, hot water heater, and all new furnishings! With an excellent rental history with a GRI of over $77K in 2022 and 75k in 2023, this property would truly be an income producer! The complex features a community pool, elevator, and an unbeatable location, which makes Surfside at Mexico Beach very desirable. The HOA fees pay for water, sewer, garbage, insurance on the building, cable TV, pest control, maintenance of the exterior of the building, and pool. Call today for more details!

Last Agent to Sell the Property

Carter Dorsch

98 Real Estate Group, LLC Brokerage Phone: 8506482200 License #3538531 Listed on: 11/04/2023

Last Buyer's Agent

Regina Gossett

98 Real Estate Group, LLC License #3032460

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,697

Year Built

  • Built in 2006

Lot Details

  • Property fronts gulf or ocean
  • Private Beach
  • Street terminates at a dead end

HOA Fees

  • $683 Monthly HOA Fees

Home Design

  • Florida Architecture
  • Beach House
  • Metal Roof
  • Piling Construction
  • HardiePlank Type

Interior Spaces

  • 892 Sq Ft Home
  • Furnished
  • Storage
  • Vinyl Flooring
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Covered Parking
  • Parking Permit Required
  • Assigned Parking

Pool

  • In Ground Pool
  • Gunite Pool

Outdoor Features

  • Deeded Waterfront Access Rights

Utilities

  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04610525008

Community Details

Overview

  • Association fees include accounting, cable TV, insurance, legal, management, maintenance structure, ground maintenance, recreational facilities, sewer, trash, water
  • Resort Property
  • Surfside Of Mexico Beach Subdivision

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Beach
  • Community Pool

Building Details

  • Gross Income $72,000

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,697

Year Built

Built in 2006

Lot Details

0

HOA Fees

$683 per month

Listing Details

  • Directions: Take HWY 98 Westbound and take a left turn onto S 38th St. Complex is on the right at the end of the street.
  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Lot Size: 0 x 0
  • Road Frontage Type: City Street
  • Subdivision Name: Surfside Of Mexico Beach
  • Architectural Style: Beach House, Florida, Florida Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: Yes
  • Structure Type: Condo
  • Year Built: 2006
  • NAV22_ResortRentalYN: Yes
  • NAV22_BuildersWarrantyYN: No
  • Special Features: None

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Microwave, Electric Oven, Electric Water Heater
  • Furnished: Furnished
  • Interior Amenities: Breakfast Bar, Elevator, Storage, Lock Out Closet, Shelving
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Vinyl
  • Living Area: 892

Exterior Features

  • Lot Features: Dead End, Dedicated Beach, Deeded Water Access, Within 1/2 Mile of Water
  • Roof: Metal
  • Pool Features: In Ground, Gunite/Concrete
  • Pool Private: Yes
  • View: Water, Gulf
  • View: Yes
  • Waterfront Features: Waterfront, Gulf
  • Waterfront: Yes
  • Construction Type: HardiPlank Type
  • Foundation Details: Pilings
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned, Covered, Owner Decal Required
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Internet Available, Sewer Connected, Water Connected, City Trash
  • Laundry Features: Washer/Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 2049
  • Community Features: BBQ Pit/Grill, Beach, Beach Community, Cable TV, Deeded Access, Dumpster, Elevators, Pool
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Cable TV, Insurance, Legal, Management, Maintenance Structure, Maintenance Grounds, Recreational Facilities, Sewer, Trash, Water

Lot Info

  • Additional Parcels: No
  • Parcel #: 04610525008
  • Zoning Description: Residential Multi-Family
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5697

Multi Family

  • Annual Gross Income: 72000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2018
Sold by
Siebert Michael F
Bought by
Siebert Family Condo Llc
Current Estimated Value
$565,574

Purchase Details

Listed on
Jun 30, 2016
Closed on
Jul 29, 2016
Sold by
Se Property Llc
Bought by
Seiberty Michael F
Seller's Agent
Zach Ferrell
NAI Talcor - PSJ
Buyer's Agent
Natalie Shoaf
Pristine Properties, LLC
List Price
$249,900
Sold Price
$242,000
Premium/Discount to List
-$7,900
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%

Purchase Details

Closed on
Jun 1, 2016
Sold by
Bush Janna N
Bought by
Se Property Holding Llc

Purchase Details

Closed on
Mar 24, 2006
Sold by
Surfside Mexico Beach Llc
Bought by
Bush Janna
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Buyer Sale Price Title Company
Siebert Family Condo Llc -- Attorney
Seiberty Michael F $242,000 Coastal Land Title Llc
Seibert Michael F $242,000 Coastal Land Title Llc
Se Property Holding Llc $230,000 None Available
Bush Janna $349,600 Diamond Title Agency Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2023 12/05/23 Sold $590,000 -3.3% $661 / Sq Ft
11/04/2023 11/04/23 For Sale $610,000 +54.8% $684 / Sq Ft
05/11/2021 05/11/21 Sold $394,000 -1.3% $442 / Sq Ft View Prior Sale
03/12/2021 03/12/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $399,000 +64.9% $447 / Sq Ft
08/01/2016 08/01/16 Sold $242,000 -3.2% $223 / Sq Ft View Prior Sale
07/18/2016 07/18/16 Pending -- -- --
06/30/2016 06/30/16 For Sale $249,900 -- $231 / 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 $7,475 $466,426 -- $466,426
2024 $5,935 $447,100 -- $447,100
2023 $5,935 $346,196 $0 $346,196
2022 $5,770 $346,196 $0 $346,196
2021 $1,399 $79,900 $0 $79,900
2020 $1,489 $79,900 $0 $79,900
2019 $1,487 $79,900 $0 $79,900
2018 $3,576 $199,750 $0 $0
2017 $3,366 $205,700 $0 $0
2016 $2,024 $162,545 $0 $0
2015 $2,036 $161,415 $0 $0
2014 $2,025 $160,217 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 315722

Forgotten Coast REALTOR® Association

APN: 04610-525-008