118 40th St #B, Mexico Beach, FL 32456 - Photo 1

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$999,000 -$200,000 (-16.68%) Price Reduced

For Sale
Active
Condo / Townhouse
3 Beds
3 Full Baths
1 Partial Bath
1,796 Sq. Ft.
Updated 1 day ago

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Property Description

PRICE REDUCED, BUILDER CLOSEOUT! Gorgeous new construction home with fantastic Gulf views and just mere steps to the beach. Home is 3 bed/3.5 bath plus a flex room that could be a bunk room, office or kids' play room. Thoughtfully designed with 10' ceilings, wood floors throughout, custom pecky cypress hood vents, premium appliances, and curated lighting and finishes, this home showcases exceptional detail and craftsmanship throughout. The kitchen, living, and dining area are located on the main living level, along with a powder bath and primary suite with private back porch. The second level includes another primary suite and porch, an additional bedroom and bathroom, flex room and laundry area. A fully enclosed garage provides abundant storage and room for vehicles, golf cart and beach gear- keeping everything secure and protected from the elements. Mature landscaping surrounds the property, and an outdoor shower adds convenience after a day on the sand. With its refined coastal design, elevated finishes and unbeatable proximity to the beach, this luxury property is must see.

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Full Property Details

Full Property Details for 118 40th St #B

General

Price: $999,000
Status: Active
Type: Condo /Townhouse
Source: 933
MLS ID: 324604
Updated: 1/14/2026
Added to Site: 54 day(s) ago

Interior

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

Rooms

Bathrooms

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

Bedrooms

Total Bedrooms: 3

Exterior

Porch/Patio/Deck: Back Porch, 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 on your right.

Utilities

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

Structural Information

Architectural Style: Custom, Triplex
Construction Status: Construction Complete
Exterior Const.: Frame, HardiPlank Type
Square Feet: 1,796
Living Area: 1,796 Sq. Ft.
Year Built: 2025

Unit Information

Occupancy Rate: New-Never Occupied

Lot Features

Lot Dimensions: 17 x 100
Lot Features: Coastal Setback, Survey Available, Within 1/2 Mile of Water, Zero Lot Line
Fencing (Description): Full, Privacy, Wood

Water Features

Water View: Yes

Disclosures and Reports

Legal Description: 22 6S 12W -7- 213D1 BEG 50' WLY & 702.7' SWLY OF NW COR L-1 B-7 MBU-5 TH SW 17.10' NW THROUGH A COMMON WALL FOR 100' NE 17.10' SE THROUGH A COMMON WALL 100' TO POB ORB 4773 P 23
Property ID: 04110-000-000

Listed by Marquardt Realty, Inc.

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— 118 40th St #B —

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Schools

Schools serving 118 40th St #B

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 118 40th St #B Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/14/2026

Price Reduced

$999,000

-16.68%

MLS

11/22/2025

Listed

$1,199,000

89.57%

MLS

5/26/2023

Sold

$632,500

—

Public Record

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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 118 40th St #B

Year

Property Taxes

Change

Tax Assessment

Change

2024

$2,037

41%

$121,856

10%

2023

$1,445

39%

$110,500

86%

2021

$1,042

-11%

$59,500

-27%

2022

$1,176

13%

$81,005

16%

2021

$1,042

-19%

$69,700

1%

2019

$1,288

-49%

$69,173

-49%

2018

$2,521

21%

$134,320

—

2017

$2,081

13%

$133,902

20%

2016

$1,849

1%

$111,733

2%

2015

$1,833

—

$109,641

—

2014

$1,839

7%

$109,396

-1%

2013

$1,719

—

$109,974

—

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

Estimate the Cost for 118 40th St #B

Home Warranty : Included

1100 Hwy 98, Mexico Beach, FL 32410 - Photo 1

Sold

$1,000,000

1100 Hwy 98 Mexico Beach, FL 32410

Commercial Land
Closed

0.39
Acres

312 Hwy 98, Mexico Beach, FL 32456 - Photo 1

Sold

$930,000

312 Hwy 98 Mexico Beach, FL 32456

Single Family
Closed
Updated 10 days ago

4
Beds
2
Total Baths

8580 W Hwy 98, Port Saint Joe, FL 32456 - Photo 1

Sold

$1,125,000

8580 W Hwy 98 Port Saint Joe, FL 32456

Single Family
Closed

3
Beds
2
Total Baths

Tbd Boyne Rd, Cape San Blas, FL 32456 - Photo 1

Sold

$925,000

Tbd Boyne Rd Cape San Blas, FL 32456

Lots/Land
Closed

Listed by Rish Real Estate Group
Sold by Rish Real Estate Group

118 40th St #B, Mexico Beach, FL 32456 (MLS# 324604) is a Condo / Townhouse property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 118 40th St #B is currently listed for $999,000 and was received on November 22, 2025. Want to learn more about 118 40th St #B? Do you have questions about finding other Condo / 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.

118 40th St #B Mexico Beach, FL 32456