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$399,000 Just Listed
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Property Description
Discover the possibilities this exceptional 150' x 200' double-lot property has to offer in the heart of Mexico Beach. Located approximately 1/4 mile from public beach access, this Residential General (RG) zoned property is situated in the desirable X Flood Zone, allows short-term rentals, and has no HOA fees, making it an excellent opportunity for a vacation getaway, investment property, or future development. The property currently features a fully furnished mobile home that successfully withstood Hurricane Michael and is presently being used as a short-term rental. While the home could benefit from a little TLC, it offers immediate income-producing potential with opportunities for future improvements. The home is being sold as-is, with the seller making no repairs. One of the property's most unique features is its future development potential. Subject to prior approval from the City of Mexico Beach and all applicable regulations, if the existing structure is removed, the property may be divided back into its two original platted lots, each measuring approximately 75' x 100'. Whether you're looking for a rental investment, a beach getaway, or a property with long-term development flexibility, this offering presents opportunities that are becoming increasingly difficult to find in Mexico Beach. All information is believed to be accurate but should be independently verified by the buyer and buyer's agent during the due diligence period.
Full Property Details
Full Property Details for 402 Georgia Ave
General
- Price: $399,000
- Taxes: $5,214 (2025)
- Status: Active
- Type: Single Family
- Source: 933
- MLS ID: 328962
- Updated: 7/15/2026
- Added to Site: Today
Interior
- Interior Features: Guest Quarters, Needs Work, Pantry, Walls Paneled, Washer/Dryer Hookup
- Appliances: Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer
- Furnishings: Negotiable
- Flooring: Laminate, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Shower
- Porch/Patio/Deck: Covered Patio, Screened
Parking
- Parking Features: Driveway
Location
- Area: Mexico/St. Joe Beach
- Subdivision: No Named Subdivision
- Driving Directions: From Hwy 98 turn on Fifth St. Turn right on Georgia Ave, property will be on your left.
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Internet Available, Phone Available, Sewer Connected, Tap Fee Paid, Water Connected
Structural Information
- Architectural Style: L-Shaped, Manufactured, Mobile Home
- Construction Status: Construction Complete
- Exterior Const.: Vinyl Siding
- Square Feet: 1,352
- Living Area: 1,352 Sq. Ft.
- Year Built: 1971
Unit Information
- Occupancy Rate: Owner
Lot Features
- Lot Dimensions: 150 x 200
- Lot Features: Improved Lot, Interior Lot, Within 1/2 Mile of Water
- Fencing (Description): Chain Link
Financial Considerations
- Tax Amount: $5,214.11
- Tax Year: 2025
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Legal Description: MEXICO BEACH UNIT 12 LOTS 9 & 10 BLK 16 ORB 4443 P
- Flood Zone Info: X
- Property ID: 04954-000-000
Listed by Rish Real Estate Group
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Schools
Schools serving 402 Georgia Ave
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Tyndall Elementary School 7800 Tyndall Pkwy, Tyndall Air Force Base, FL 32403 | PK-8 | 16.4 mi |
Rutherford High School 1000 School Avenue, Panama City, FL 32401 | 6-8 | 20.7 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 402 Georgia Ave
Date
Details
Price
Change
Source
7/15/2026
Listed
$399,000
73.48%
MLS
7/29/2021
Sold
$230,000
—
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 402 Georgia Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,214
3%
$336,625
-2%
2024
$5,077
6%
$344,068
7%
2023
$4,779
81%
$320,946
107%
2021
$2,636
-33%
$154,893
-34%
2022
$3,923
49%
$235,415
73%
2021
$2,636
22%
$135,847
17%
2019
$2,160
-9%
$116,026
-8%
2018
$2,383
24%
$125,751
7%
2017
$1,929
—
$117,878
1%
2016
$1,931
-1%
$116,736
—
2015
$1,959
10%
$116,252
10%
2014
$1,776
8%
$105,684
—
2013
$1,652
—
$105,684
—
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 402 Georgia Ave
402 Georgia Ave, Mexico Beach, FL 32456 (MLS# 328962) is a Single Family property with 3 bedrooms and 2 full bathrooms. 402 Georgia Ave is currently listed for $399,000 and was received on July 15, 2026. Want to learn more about 402 Georgia Ave? Do you have questions about finding other Single 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.

