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$962,500
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Property Description
Welcome to the Cottages of Mexico Beach - a laidback coastal retreat just 100 steps from the sugar-white sands. This stunning 2023-built property was originally offered as both sides of the duplex, but is now available as an individual unit - giving buyers the opportunity to own one beautifully designed side in this prime beachside location. This spacious unit features 4 bedrooms and 3.5 baths, is fully furnished, and thoughtfully designed with modern coastal finishes throughout. The open-concept layout creates an inviting space for entertaining, while the well-equipped kitchen and stylish décor make it completely turnkey. Currently operating as a successful short-term rental with strong Airbnb history, this property offers excellent income potential or the perfect personal beach getaway. Located just minutes from the local marina and everything Mexico Beach has to offer, this is a rare opportunity to secure a newer construction property steps from the Gulf without having to purchase the entire duplex. Whether you're expanding your rental portfolio or looking for your own coastal retreat, this one checks the boxes. Enjoy open-concept living spaces, coastal décor, and well-equipped kitchens ideal for entertaining. Each unit offers spacious bedrooms, stylish finishes, and outdoor areas perfect for relaxing after a day at the beach. Feel the breeze as it sweeps across the Gulf of America while you lounge around in the cozy outdoor area. Whether you're looking for a high-performing investment, a family beach retreat, or both, this duplex delivers exceptional flexibility and income potential. Don't miss this rare opportunity to own a nearly new property so close to the Gulf in highly sought-after Mexico Beach! With all the beach life amenities with Mexico Beach Marina nearby, where you can enjoy all your boating needs and feel the warmth of true southern hospitality at the local Marina, General, Beach, and Country Store. From ethanol-free gas to live bait and groceries, everything is at your fingertips. And with a boat ramp just a short drive away, launching into the Gulf of America for a day of adventure is effortless. If you're in need of more storage options, Point South Marina - Port St. Joe, is only 12 miles away, provides dry-dock storage facilities. As the ultimate watersports hub, this location caters to avid enthusiasts, offering thrilling offshore fishing experiences and inshore fishing adventures at Presnell's Marina and RV Park. enjoy all the water activities, the area offers so many outdoor experiences, including horseback riding along the beach, just a short drive to Cape San Blas. And when it comes to culinary delights, explore the vibrant downtown of Port St. Joe, where a plethora of restaurants, breweries, and oyster bars sit ready to please your every palate.
Full Property Details
Full Property Details for 115 S 42nd St #1
General
- Price: $962,500
- Taxes: $8,909 (2025)
- Status: Active
- Type: Duplex
- Source: Bay_County
- MLS ID: 780510
- Updated: 3/10/2026
- Added to Site: 169 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Coffered Ceiling(s)
- Appliances: Electric Range, Ice Maker
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Additional Information
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Patio, Outdoor Shower
- Porch/Patio/Deck: Balcony, Enclosed, Covered, Patio
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: From Panama City, head East on 98 towards Mexico Beach, turn Right onto S 42nd Street, property is on the left. From Port St Joe, head West on 98 towards Mexico Beach, turn left on S 42nd Street, property on the left.
School Information
- Elementary School: Port St. Joe
- Middle School: Port St. Joe
- High School: Port St. Joe
Community
- Community Name: 05 - Bay County - East
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available, High Speed Internet Available
Structural Information
- Architectural Style: Duplex
- Structure Type: Duplex
- Construction: HardiPlank Type, Concrete
- Sq. Ft. Source: Appraiser
- Year Built: 2023
Lot Features
- Property View: Gulf
- Lot Dimensions: 37 x 90
- Frontage: City Street
- Lot Features: Paved
- Zoning: County, Resid Single Family
- Fencing (Description): Fenced, Privacy
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $8,909
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: MEXICO BEACH UNIT #7 213D1 LOT 8 LESS PCL FOR U #B BLK 9 ORB 4532 P 320
- Property ID: 04691-010-000
Listed by Salty Marlin Realty LLC
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Schools
Schools serving 115 S 42nd St #1
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tyndall Elementary School 7800 Tyndall Pkwy, Tyndall Air Force Base, FL 32403 | PK-8 | 14.2 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 18.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 S 42nd St #1
Date
Details
Price
Change
Source
2/11/2026
Price Reduced
$962,500
-50%
MLS
10/17/2025
Listed
$1,925,000
483.33%
MLS
7/29/2021
Sold
$330,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 115 S 42nd St #1
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,909
8%
$559,526
13%
2024
$8,253
190%
$493,633
197%
2023
$2,847
57%
$166,083
59%
2021
$1,817
-22%
$104,704
-25%
2022
$2,315
27%
$138,895
48%
2021
$1,817
22%
$93,873
17%
2019
$1,493
-42%
$80,189
-41%
2018
$2,562
16%
$136,874
2%
2017
$2,205
6%
$134,781
7%
2016
$2,085
-2%
$126,044
—
2015
$2,117
1%
$126,587
1%
2014
$2,104
9%
$125,215
1%
2013
$1,930
—
$123,483
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 S 42nd St #1
115 S 42nd Street #1, Mexico Beach, FL 32456 (MLS# 780510) is a Duplex property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 115 S 42nd Street #1 is currently listed for $962,500 and was received on October 17, 2025. Want to learn more about 115 S 42nd Street #1? Do you have questions about finding other Duplex real estate for sale in Mexico Beach? You can browse all Mexico Beach real estate or contact a Coldwell Banker agent to request more information.

