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$1,925,000

  • For Sale
  • Active
  • Townhouse
  • 8 Beds
  • 6 Full Baths
  • 2 Partial Baths
  • 3,550 Sq. Ft.
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Welcome to the Cottages of Mexico Beach a laidback coastal retreat!! Just 100 steps to the sugar-white sands of Mexico Beach! This stunning 2023-built duplex offers the perfect combination of modern luxury and coastal charm. Live in one Side and Rent the other out for vacation rental or short term rental them both! Located 2 minutes from the local marina. Each side features 4 bedrooms and 3.5 baths, beautifully furnished and thoughtfully designed for comfort and style. Sold fully furnished and turn-key, this property is ready to continue as a successful short-term rental--currently listed on Airbnb with a strong rental history. Enjoy open-concept living spaces, coastal decor, 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 for 115 S 42nd Street S # 2

General

  • Price: $1,925,000
  • Taxes: $8,202 (2024)
  • Status: Active
  • Type: Townhouse
  • Source: Emerald_Coast
  • MLS ID: 987884
  • Updated: 10/21/2025
  • Added to Site: 90 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: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Family Room: Family Room
  • Kitchen: Kitchen
  • 2nd 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: 3,550
  • Sq. Ft. Source: County PA Records
  • Year Built: 2023

Lot Features

  • Property View: Gulf
  • Lot Size (Acres): 0.08
  • Lot Dimensions: 75 x 89
  • Street/Road Desc.: City Road, Paved Road
  • Lot Features: Within 1/2 Mile to Water
  • Zoning: Resid Single Family

Financial Considerations

  • Tax Amount: $8,202
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: MEXICO BEACH UNIT #7 213D1 SLY 1/2 OF LOT 8 BLK 9 DESC: COMM AT NW COR SWLY 37.77' FOR POB TH SWLY 37.12' SELY 89.64' NELY 37.54' NWLY 89.63' TO POB ORB 4826 P 1961
  • APN: 04691-020-000 & 04691-010-00

Listed by Salty Marlin Realty

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Listing agent

— 115 S 42nd Street S # 2 —

  • Salty Marlin Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 115 S 42nd Street S # 2

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 # 2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
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 # 2

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,202
188%
$490,598
195%
2023
$2,847
57%
$166,083
59%
2021
$1,817
-22%
$104,704
-25%
2022
$2,315
27%
$138,895
48%
2021
$1,817
191%
$93,873
24%
2019
$625
-64%
$75,586
-40%
2018
$1,737
27%
$126,205
2%
2017
$1,363
2%
$123,609
2%
2016
$1,338
-1%
$121,067
—
2015
$1,356
1%
$120,753
1%
2014
$1,345
9%
$119,795
2%
2013
$1,232
—
$118,024
—
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 # 2

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Listed by Salty Marlin Realty

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115 S 42nd Street S # 2, Mexico Beach, FL 32456 (MLS# 987884) is a Townhouse property with 8 bedrooms, 6 full bathrooms and 2 partial bathrooms. 115 S 42nd Street S # 2 is currently listed for $1,925,000 and was received on October 20, 2025. Want to learn more about 115 S 42nd Street S # 2? 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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