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$3,249,000 Contingent

  • For Sale
  • Contingent
  • Single Family
  • 7 Beds
  • 7 Full Baths
  • 3,269 Sq. Ft.
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GULF FRONT custom built 7BR/7BA private home with a private heated POOL! Sit back and enjoy incredible views from every room or any one of your three covered balconies. The property is 1 block off the highway at the end of a quiet street with 100FT of beach frontage and a private boardwalk to the beach. This home creates the perfect family atmosphere with a spacious and open floor plan. Interior features: stainless steel appliances, luxury vinyl plank floors, elevator servicing all floors, cable TV in every room, Wi-Fi, washer, dryer, fully stocked kitchen, natural gas grill, outdoor fire pit, and more. The house features 4 King master suites with tile showers and a large soaker tub. The spacious living room, kitchen and dining room are located on the 3rd level giving you an elevated perspective with breathtaking views. The house is conveniently located within walking distance of restaurants, shops, marina, pier road and canal parkway. No HOA or fees. Excellent vacation rental history. Sold fully furnished and equipped. Call today for more details and to schedule a showing.

Full Property Details for 121 S 40th St

General

  • Price: $3,249,000
  • Status: Contingent
  • Type: Single Family
  • Source: 933
  • MLS ID: 321823
  • Updated: 12/4/2025
  • Added to Site: 294 day(s) ago

Interior

  • Interior Features: Elevator, Lighting Recessed
  • Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Disposal, Ice Machine, Microwave, Range Hood, Refrigerator, Stove/Oven Gas, Water Heater Tankless
  • Furnishings: Furnished
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 7
  • Full Bathrooms: 7

Bedrooms

  • Total Bedrooms: 7

Additional Information

  • Pool: Yes
  • Pool Description: Heated, Gunite/Concrete

Exterior

  • Exterior Features: BBQ Pit/Grill, Columns, Landscaped, Shower, Sprinkler System
  • Porch/Patio/Deck: Balcony

Parking

  • Parking Features: Driveway, Under House With Pad

Location

  • Area: Mexico/St. Joe Beach
  • Subdivision: No Named Subdivision
  • Building Name: Stella Maris
  • Driving Directions: Traveling east on Hwy 98, turn right on S. 40th St. and the house will be at the end of the street on the left side. Look for Realtor sign.

Heating & Cooling

  • Cooling Type: Central Electric
  • Heating Type: Central Electric

Utilities

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

Structural Information

  • Architectural Style: 2+ Story, Beach House, Custom, Florida
  • Builder: Blackfin
  • Construction Status: Construction Complete
  • Exterior Const.: Frame, HardiPlank Type
  • Square Feet: 3,269
  • Living Area: 3,269 Sq. Ft.
  • Year Built: 2023

Unit Information

  • Occupancy Rate: Tenant

Lot Features

  • Lot Dimensions: 100 x 75
  • Lot Features: Aerials/Topo Available, Corner, Water Front, Water View, Within 1/2 Mile of Water

Water Features

  • Water Front: Yes
  • Water View: Yes

Disclosures and Reports

  • Legal Description: MEXICO BEACH UNIT #5 213D1 LOT 11 AKA DESC AS: COM AT MOST NLY COR LOT 11 SAID POINT LYING ON THE SE R/W OF A 50' WIDE R/W KNOWN AS 40TH ST FOR POB TH RUN SELY 99.97' SW 68.46' NW 100.96' NE 80.96' TO POB ORB 4469 P 2281
  • Property ID: 04651-000-000

Listed by Mexico Beach Harmon Realty Inc

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Listing agent

— 121 S 40th St —

  • Mexico Beach Harmon Realty Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 S 40th St

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 121 S 40th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/17/2025
Price Reduced
$3,249,000
-7.14%
MLS
6/02/2025
Price Reduced
$3,499,000
-5.18%
MLS
5/01/2025
Listed
$3,690,000
1130%
MLS
5/17/2021
Sold
$300,000
—
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 121 S 40th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$35,757
10%
$2,341,318
21%
2024
$32,416
62%
$1,938,856
66%
2023
$20,022
808%
$1,168,000
723%
2021
$2,205
-81%
$142,000
-80%
2022
$11,733
432%
$704,000
478%
2021
$2,205
22%
$121,780
25%
2019
$1,814
-40%
$97,420
-41%
2018
$3,007
15%
$164,476
3%
2017
$2,611
5%
$159,559
6%
2016
$2,483
-1%
$150,063
—
2015
$2,518
-8%
$150,567
-8%
2014
$2,741
11%
$163,070
3%
2013
$2,480
—
$158,639
—
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 121 S 40th St

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Mexico Beach Harmon Realty Inc

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  • Updated 8 days ago
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  • 6
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  • 4,095
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121 S 40th St, Mexico Beach, FL 32456 (MLS# 321823) is a Single Family property with 7 bedrooms and 7 full bathrooms. 121 S 40th St is currently listed for $3,249,000 and was received on May 01, 2025. Want to learn more about 121 S 40th St? 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.

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