NOT LISTED FOR SALE

2503 U S 98 Unit C Mexico Beach, FL 32456

3 Beds
3.5 Baths
2,396 Sq Ft
1,500 Sq Ft Lot

Last Sold October 04, 2024

Last sale price $370,000 $154 Per Sq Ft

29 Days on Market

Highlights

  • Gulf View
  • No HOA
  • Under Construction
  • Beach House

About This Home

As of October 2024

This remarkable property, located just a short stroll away from beautiful beaches, presents a unique opportunity for the discerning buyer. Previously affected by Hurricane Michael, this home is now ready to be restored to its former glory. Key Features: Reconstruction Ready: All necessary demolition work has been completed, offering a blank canvas for your vision. Electrical systems, windows, ductwork, and much of the plumbing are already in place. Versatile Potential: Whether you aim to create a dream home or a lucrative investment property, this space is primed for transformation. Neighboring units are operating as short-term rentals, generating impressive annual revenues of approximately $65k. Substantial Equity: With an After Repair Value (ARV) of $850k to $900k and a local licensed contractor's estimated rehab cost of $250k, the next owner stands to gain significant equity once renovations are complete. Official Estimate: Detailed rehabilitation quotes are available in the listing documents, providing transparency and aiding in your renovation planning. Seize this rare chance to craft a coastal haven with Contact Information: For more details or to schedule a viewing, please contact Matt Wright at 850-227-8276.

Last Agent to Sell the Property

Matthew Wright

Think Real Estate Brokerage Phone: 8502704200 License #3475720 Listed on: 07/29/2024

Think Real Estate

Last Buyer's Agent

Julie Gardner

Rish Real Estate Group License #3402034

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003 | Under Construction

Lot Details

  • 1,500 Sq Ft Lot
  • Lot Dimensions are 20 x 75
  • Property fronts a state road

Home Design

  • Beach House
  • Quadruplex
  • Fixer Upper
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Masonite

Interior Spaces

  • 2,396 Sq Ft Home
  • 4-Story Property
  • Gulf Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 5 Parking Spaces
  • Tuck Under Parking
  • Covered Parking
  • Driveway
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mexico Beach Unit 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04603030000

Property Details

Home Type

Multi-Family

Year Built

Built in 2003 | Under Construction

Lot Details

0

Listing Details

  • Attribution Contact: 8502704200
  • Directions: after passing thru Tyndall AFB and entering Mexico Beach, look on the right, beachside, for 26th St. The townhouse will be on the beach side of Hwy 98. Its the middle unit with a large C on the front.
  • Prop. Type: Residential
  • Building Stories: 4
  • Property Sub Type: Quadruplex,Condominium
  • Lot Size Acres: 0.0344
  • Lot Size: 20 x 75
  • Road Frontage Type: City Street, State Road
  • Subdivision Name: Mexico Beach Unit 1
  • Architectural Style: Beach House
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: Yes
  • Structure Type: Fourplex
  • Year Built: 2003
  • NAV22_ResortRentalYN: No
  • NAV22_BuildersWarrantyYN: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: None
  • Furnished: Unfurnished
  • Interior Amenities: Needs Work
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Living Area: 2396

Exterior Features

  • Lot Features: Within 1/2 Mile of Water
  • Roof: Metal
  • Pool Features: None
  • Pool Private: No
  • View: Gulf, Water
  • View: Yes
  • Waterfront: No
  • Construction Type: Masonite
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Under House With Pad
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Water Connected, City Trash
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 1500
  • Additional Parcels: No
  • Parcel #: 04603030000
  • Zoning Description: City,Residential Multi-Family
  • ResoLotSizeUnits: SquareFeet

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2024 10/04/24 Sold $370,000 -24.5% $154 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/20/2024 08/20/24 Price Changed $490,000 -10.9% $205 / Sq Ft
07/29/2024 07/29/24 For Sale $550,000 -- $230 / Sq Ft
Source: Forgotten Coast REALTOR® Association

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew Wright

    Seller's Agent in 2024

    Matthew Wright

    Think Real Estate

    (850) 227-8276

    4 in this area

    215 Total Sales

    Matthew Wright
    Section Image

  • J

    Buyer's Agent in 2024

    Julie Gardner

    Rish Real Estate Group

    (229) 944-3163

    13 in this area

    21 Total Sales

    Julie Gardner
    Section Image
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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 318294

Forgotten Coast REALTOR® Association
Florida Bay County Mexico Beach 32456

2503 U S 98 Unit C, Mexico Beach, FL

This home is located at 2503 U S 98 Unit C, Mexico Beach, FL 32456 since 29 July 2024. This property was built in 2003. 2503 U S 98 Unit C is a home located in Bay County.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Forgotten Coast REALTOR® Association Property information provided by the FCRA MLS – a service of the Forgotten Coast REALTOR® Association.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.

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