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$962,500 -$962,500 (-50%) Price Reduced

  • For Sale
  • Active
  • Townhouse
  • 4 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 1,825 Sq. Ft.
  • Updated 3 days ago
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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 decor 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.

Full Property Details for 115 S 42nd Street S # 1

General

  • Price: $962,500
  • Taxes: $8,908 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: Emerald_Coast
  • MLS ID: 987884
  • Updated: 2/11/2026
  • Added to Site: 118 day(s) ago

Interior

  • Rooms/Areas: Bedroom, Family Room, Kitchen, Master Bedroom
  • Interior Features: Ceiling Raised, Ceiling Tray/Cofferd, Floor Tile, Split Bedroom, Wet Bar
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range Hood, Stove/Oven Electric, Washer

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Family Room: Family Room
  • Kitchen: Kitchen

Exterior

  • Exterior Features: Balcony, Fenced Back Yard, Fenced Privacy, Patio Covered, Patio Enclosed, Shower

Location

  • Area: 27 - Bay County
  • County: Bay
  • Subdivision: No Recorded 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: St. Joe
  • Middle School: St. Joe
  • High School: St. Joe

Heating & Cooling

  • Heating/Cooling: AC - Central Elect, Ceiling Fans

Utilities

  • Utility Description: Electric, Public Sewer, Public Water

Structural Information

  • Architectural Style: Duplex
  • Construction: Concrete, Foundation Off Grade
  • Stories/Levels: 2
  • Square Feet: 1,825
  • Sq. Ft. Source: County PA Records
  • Year Built: 2023

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.08
  • Lot Dimensions: 37 x 90
  • Street/Road Desc.: City Road, Paved Road
  • Lot Features: Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Financial Considerations

  • Tax Amount: $8,908
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: MEXICO BEACH UNIT #7 213D1 NLY 1/2 OF LOT 8 BLK 9 DESC: BEG NW COR SWLY 37.77' SELY 89.63' NELY 37.64' NWLY 89.61' TO POB ORB 4826 P 1959
  • APN: 04691-010-000

Listed by Salty Marlin Realty

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Listing agent

— 115 S 42nd Street S # 1 —

  • Salty Marlin Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 115 S 42nd Street S # 1

School District:Gulf County School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 115 S 42nd Street S # 1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/11/2026
Price Reduced
$962,500
-50%
MLS
10/20/2025
Listed
$1,925,000
483.33%
MLS
7/29/2021
Sold
$330,000
—
Public Record
Get Price Alerts and Save Property
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 for 115 S 42nd Street S # 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
—
View All
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 for 115 S 42nd Street S # 1

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Salty Marlin Realty

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115 S 42nd Street S # 1, Mexico Beach, FL 32456 (MLS# 987884) is a Townhouse property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 115 S 42nd Street S # 1 is currently listed for $962,500 and was received on October 20, 2025. Want to learn more about 115 S 42nd Street S # 1? Do you have questions about finding other Townhouse 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.

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