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$715,000
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Property Description
Build your dream beach home on this beautiful First Tier, Gulf-view building lot in Mexico Beach! Ideally positioned to capture stunning views of the sparkling waters of the Gulf of Mexico, this homesite offers the perfect opportunity to create your own coastal retreat. Imagine relaxing on your future balcony while enjoying sea breezes, breathtaking sunsets, and the soothing sound of the waves. With the beach just moments away, you'll have easy access to sugar-white sands, world-class fishing, boating, and all the outdoor activities that make Gulf Coast living so desirable. Whether you're planning a primary residence, vacation getaway, or investment property, this lot provides exceptional potential in a charming seaside community known for its laid-back atmosphere and natural beauty. Don't miss your chance to secure a Gulf-view property and start building the beach lifestyle you've always envisioned! This property is seaward of the Coastal Construction Line, therefore, building plans will need to be approved by the DEP.
Full Property Details
Full Property Details for 121 S 42nd St
General
- Price: $715,000
- Taxes: $5,275 (2025)
- Status: Active
- Type: Land Residential
- Source: Bay_County
- MLS ID: 789432
- Updated: 5/5/2026
- Added to Site: 51 day(s) ago
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving Directions: Headed East In Mexico Beach on Hwy 98, turn on R 42nd St., property will be 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
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Lot Size: .15
- Lot Dimensions: 75 x 90
- Frontage: City Street
- Lot Features: Paved
- Zoning: City
Water Features
- Water View: Yes
Financial Considerations
- Tax Amount: $5,275
- Tax Year: 2025
Disclosures and Reports
- Legal Description: MEXICO BEACH UNIT #7 213D1 LOT 11 BLK 9 ORB 936 P 711
- Property ID: 04694-000-000
Listed by Forgotten Coast Realty of NW Florida LLC
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Schools
Schools serving 121 S 42nd St
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 121 S 42nd St
Date
Details
Price
Change
Source
5/05/2026
Listed
$715,000
—
MLS
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 121 S 42nd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,275
11%
$415,388
19%
2024
$4,767
6%
$350,193
7%
2023
$4,498
31%
$327,750
59%
2021
$3,442
-11%
$206,625
-25%
2022
$3,860
12%
$274,098
48%
2021
$3,442
17%
$185,250
17%
2019
$2,946
-52%
$158,246
-46%
2018
$6,132
31%
$292,061
2%
2017
$4,694
2%
$286,860
3%
2016
$4,586
-1%
$277,182
—
2015
$4,635
-1%
$277,182
—
2014
$4,668
-14%
$277,722
-20%
2013
$5,438
—
$347,884
—
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 121 S 42nd St
121 S 42nd Street, Mexico Beach, FL 32456 (MLS# 789432) is a Land Residential property with a lot size of 0.15 acres. 121 S 42nd Street is currently listed for $715,000 and was received on May 06, 2026. Want to learn more about 121 S 42nd Street? Do you have questions about finding other Land Residential 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.

