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$3,195,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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Exceptional investment opportunity just steps from the beach. This rare offering includes three individually platted units, totaling 11 bedrooms, a bunk/bonus room, and 9 full bathrooms-ideal for hosting large families and groups or renting the units separately for maximum flexibility and income potential. Situated on a first-tier lot only a few steps from the sand, the property boasts fantastic Gulf views and an unbeatable coastal location. Each residence is thoughtfully designed with 10-foot ceilings, wood floors throughout, custom pecky cypress range hoods, premium appliances, and curated lighting and finishes, showcasing exceptional craftsmanship and attention to detail. Fully enclosed garages provide abundant storage and ample parking for vehicles, golf carts, and beach gear, keeping everything secure and protected. Each unit also features its own outdoor shower, perfect for rinsing off after a day at the beach. Mature landscaping surrounds the property, enhancing curb appeal. With refined coastal design, elevated finishes, and unparalleled proximity to the Gulf, this luxury property is a must-see investment opportunity. Units are also listed individually.

Full Property Details for 118 40th St #A,B,C

General

  • Price: $3,195,000
  • Status: Active
  • Type: Multi-Family
  • Source: 933
  • MLS ID: 324994
  • Updated: 1/14/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Carbon Monoxide Detector, Inside Storage, Kitchen Island, Lighting Recessed, Newly Painted, Pantry, Shelving, Smoke Detector, Washer/Dryer Hookup, Woodwork Painted
  • Appliances: Auto Garage Door Opener, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator w/Ice Maker, Stove/Oven Gas, Water Heater Gas, Water Heater Tankless
  • Furnishings: Unfurnished

Rooms

Bathrooms

  • Total Bathrooms: 12
  • Full Bathrooms: 9
  • Half Bathrooms: 3

Bedrooms

  • Total Bedrooms: 11

Exterior

  • Porch/Patio/Deck: Balcony, Covered Patio, Covered Porch, Front Porch

Parking

  • Parking Features: Driveway, Garage Attached

Location

  • Area: Mexico/St. Joe Beach
  • Subdivision: No Named Subdivision
  • Driving Directions: From Hwy 98 in Mexico Beach, turn south onto 40th St. Property will be on your right.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected, Water Connected

Structural Information

  • Architectural Style: Custom, Triplex, Zero Lot Line
  • Construction Status: Construction Complete
  • Exterior Const.: Frame, HardiPlank Type
  • Square Feet: 5,908
  • Living Area: 5,908 Sq. Ft.
  • Year Built: 2025

Unit Information

  • Occupancy Rate: New-Never Occupied

Lot Features

  • Lot Dimensions: 75 x 100
  • Lot Features: Coastal Setback, Survey Available, Within 1/2 Mile of Water, Zero Lot Line
  • Fencing (Description): Full, Wood

Water Features

  • Water View: Yes

Disclosures and Reports

  • Legal Description: see survey in the documents section for full legal on all three parcels
  • Property ID: 04110-000-000

Listed by Marquardt Realty, Inc.

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Listing agent

— 118 40th St #A,B,C —

  • Marquardt Realty, Inc.

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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 118 40th St #A,B,C

School District:Bay County School District
NameGradesDistance
Tyndall Elementary School
7800 Tyndall Pkwy, Tyndall Air Force Base, FL 32403
PK-814.3 mi
Rutherford High School
1000 School Avenue, Panama City, FL 32401
6-818.6 mi
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 118 40th St #A,B,C Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2026
Listed
$3,195,000
405.14%
MLS
5/26/2023
Sold
$632,500
—
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 118 40th St #A,B,C

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,356
41%
$200,704
10%
2023
$2,380
39%
$182,000
86%
2021
$1,716
-11%
$98,000
-27%
2022
$1,938
13%
$133,420
16%
2021
$1,716
-11%
$114,800
16%
2019
$1,933
-34%
$99,091
-34%
2018
$2,928
22%
$150,497
-7%
2017
$2,394
16%
$161,345
30%
2016
$2,058
2%
$124,377
3%
2015
$2,015
4%
$120,476
4%
2014
$1,942
8%
$115,567
—
2013
$1,805
—
$115,483
—
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.

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

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Listed by Marquardt Realty, Inc.

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118 40th St #A,B,C, Mexico Beach, FL 32456 (MLS# 324994) is a Multi-Family property with units containing 11 bedrooms, 9 full bathrooms and 3 partial bathrooms. 118 40th St #A,B,C is currently listed for $3,195,000 and was received on January 14, 2026. Want to learn more about 118 40th St #A,B,C? Do you have questions about finding other Multi-Family 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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