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For sale
  • Price cut: $100K (6/2)
    $3,599,000

    111 31st St #A & B, Mexico Beach, FL 32456

    12beds
    7,514sqft
    : 
    $23,220/mo
    Get pre-qualified
    Multi Family
    Built in 2023
    -- sqft lot
    $-- Zestimate®
    $479/sqft
    $-- HOA

    What's special

    Fully furnished and equippedTwo bunk roomsTwo half bathsGranite countertopsCharming farm sinkLaundry areaPutting green
    Investment Opportunity with established rental income! Rent ready gem, luxury duplex, fully furnished & equipped to attract vacationers looking for a memorable stay in Mexico Beach. Total of 12 en-suite bedrooms, along with two half baths and two bunk rooms, the property can comfortably host large groups, making it a lucrative investment. This stunning luxury duplex in Mexico Beach, FL, is more than just a home; it's a gateway to creating unforgettable memories with family and friends. With its prime location, luxurious amenities, and versatile living options, it stands out as an exceptional opportunity for anyone seeking a slice of paradise. Whether you envision it as your dream home, a vacation getaway, or a profitable investment, this property is ready to welcome you to the best of beachside living. Each Side - Level 1: The first level greets you with a spacious foyer & a convenient half bath, setting the tone for the elegance that follows. Level 2: Ascend to the second level, where you'll find a spacious living-dining-kitchen area adorned with designer furniture. The gourmet kitchen features granite countertops, stainless steel appliances, a stylish backsplash, and exquisite wood cabinets, along with a charming farm sink. This level also includes a cozy bedroom with an en-suite bath, a powder room, & a laundry area. A covered porch provides stunning views of the beach and is the perfect spot for sunset watching. Level 3: On the third level, three additional bedrooms with en-suite baths ensure privacy and comfort for family members or guests. A covered porch offers a private escape to catch the refreshing Gulf breeze, making this level a perfect retreat after a day of beach fun. Level 4: Family Fun Zone The fourth level is dedicated to recreation, featuring a family area perfect for kids, along with two more bedrooms. One of these bedrooms is a fun haven, equipped with three sets of twin bunk. Enjoy the heated cocktail pool, a putting green & covered patio.
    201 days
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    112
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    8
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    Zillow last checked:

    Listing updated:

    Listed by:

    Teresa Carlton 850-227-4608,

    Forgotten Coast Realty of NW Florida,

    Carol Erwin 850-819-1205,

    Forgotten Coast Realty of NW Florida

    Source: Forgotten Coast Realtor Association,MLS#: 324897MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 14
      • Full bathrooms: 12
      • 1/2 bathrooms: 2
      Primary bedroom
      • Features: Blinds
      Primary bathroom
      • Features: Double Vanity, Shower Only
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Has cooling: Yes
      Appliances
      • Included: Dishwasher, Disposal, Microwave, Refrigerator w/Ice Maker
      Features
      • Breakfast Bar, Kitchen Island, Split Bedroom
      • Doors: Storm Door(s)
      • Windows: Insulated Windows, Storm Window(s), Window Treatments
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 9,994
      • Total interior livable area: 7,514 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 8
      • Parking features: Covered, Driveway
      • Has uncovered spaces: Yes
      Features
      • Levels: 2
      • Stories: 2
      • Patio & porch: Covered Porch
      • Exterior features: Barbecue, Lawn Pump, Outdoor Shower, Balcony
      • Pool features: Heated, In Ground
      • Fencing: Back Yard
      • Has water view: Yes
      • Water view: 1st Tier Gulf,Gulf,Water
      Lot
      • Size: 7,405 Square Feet
      • Dimensions: 72 x 106
      • Features: Level, Survey Available, Within 1/2 Mile of Water, Improved Lot, Landscaped, Sprinkler System
      Details
      • Parcel number: 04561000000
      • Zoning description: City

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Beach House
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Frame, HardiPlank Type, Wood Siding
      • Foundation: Off Grade, Pilings
      • Roof: Metal
      Condition
      • Construction Complete
      • Year built: 2023

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, City Trash

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: No Named Subdivision
      Location
      • Region: Mexico Beach

      Financial & listing details

      • Price per square foot: $479/sqft
      • Date on market: 1/6/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/2/2026Price change$3,599,000-2.7%$479/sqft
        Source: Forgotten Coast Realtor Association #324897 Report a problem
        4/20/2026Price change$3,699,000-1.3%$492/sqft
        Source: Forgotten Coast Realtor Association #324897 Report a problem
        3/24/2026Price change$3,749,000-3.3%$499/sqft
        Source: Forgotten Coast Realtor Association #324897 Report a problem
        2/13/2026Price change$3,875,000-0.6%$516/sqft
        Source: Forgotten Coast Realtor Association #324897 Report a problem
        1/6/2026Listed for sale$3,899,000-2.5%$519/sqft
        Source: Forgotten Coast Realtor Association #324897 Report a problem
        1/1/2026Listing removed$3,999,000$532/sqft
        Source: Forgotten Coast Realtor Association #322425 Report a problem
        5/20/2025Price change$3,999,000-4.6%$532/sqft
        Source: Forgotten Coast Realtor Association #320085 Report a problem
        4/14/2025Price change$4,190,000-2.3%$558/sqft
        Source: CPAR #765146 Report a problem
        2/14/2025Price change$4,290,000-2.3%$571/sqft
        Source: Forgotten Coast Realtor Association #320085 Report a problem
        11/12/2024Listed for sale$4,390,000$584/sqft
        Source: Forgotten Coast Realtor Association #320085 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 32456

        Getting around

        39 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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