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For sale
    • Price cut: $25K (6/2)
    $1,849,000

    111 S 31st St #B, Mexico Beach, FL 32456

    6beds
    3,757sqft
    : 
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    Duplex, Single Family Residence
    Built in 2023
    3,484 Square Feet Lot
    $1,768,000 Zestimate®
    $492/sqft
    $-- HOA

    What's special

    Private heated cocktail poolBedrooms with en-suite bathsGranite countertopsRecreational areaFamily recreational areaSpacious living-dining-kitchenFarm sink
    Established Rental Income! Just Stunning!! Fully Furnished and Rental Ready with 6BR/6.5B and 3,376 SF heated and cooled space. Unit B - That describes this luxury home built in 2023 and decorated to the nines. Located just one lot from the beach in Mexico Beach, FL and on the Beachside of Hwy 98. LEVEL 1 - Foyer and half bath. LEVEL 2 - Spacious Living-Dining-Kitchen with Designer Furniture, granite countertops, stainless appliances, backsplash, wood cabinets, farm sink and one bedroom with en-suite bath. Also powder room and laundry on this floor. This floor has a covered porch with views of the beach and sunsets. LEVEL 3 - 3 bedrooms with en-suite baths. The covered porch offers a private space to catch a breeze from the Gulf. LEVEL 4 - Family recreational area (geared for the kids) and 2 additional bedrooms with one hosting 3 sets of bunk beds. Multiple laundry areas. Luxury amenities including a private heated cocktail pool, putting green, recreational area and covered patio space. This property has endless possibilities whether being a home, vacation home, investment property OR family retreat. Enjoy the miles of beach to explore and a magnificent sunset every evening. Restaurants and shops nearby.
    158 days
    |
    243
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Carol E Erwin 850-819-1205,

    Forgotten Coast Realty of NW Florida LLC

    Source: CPAR,MLS#: 785193MLS LogoOriginating MLS: Central Panhandle Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 7
      • Full bathrooms: 6
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bedroom, Kitchen, Living Room, Primary Bedroom, Other, Bonus Room
      Primary bedroom
      • Level: Third
      • Dimensions: 15 x 13
      Bedroom
      • Level: Third
      • Dimensions: 12 x 10
      Bonus room
      • Level: Fourth
      • Dimensions: 13 x 11
      Kitchen
      • Level: Second
      • Dimensions: 15 x 12
      Living room
      • Level: Second
      • Dimensions: 20 x 15
      Other
      • Features: Balcony
      • Level: Second
      • Dimensions: 20 x 8
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Electric Oven, Electric Range, Electric Water Heater, Ice Maker
      Features
      • Double Vanity
      Interior area
      • Total structure area: 3,757
      • Total interior livable area: 3,757 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage
      • Garage spaces: 2
      Features
      • Patio & porch: Balcony, Covered, Porch
      • Has private pool: Yes
      • Pool features: Gunite, Electric Heat, In Ground, Private
      • Fencing: Fenced
      • Has view: Yes
      • View description: Gulf
      • Has water view: Yes
      • Water view: Gulf
      Lot
      • Size: 3,484 Square Feet
      • Dimensions: 36 x 106
      • Features: Paved
      Details
      • Parcel number: 04561000000
      • Zoning description: City

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Single Family Residence
      • Attached to another structure: Yes
      Materials
      • HardiPlank Type
      • Foundation: Pillar/Post/Pier
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2023

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Connected, Electricity Available

      Community & HOA

      Community
      • Features: Short Term Rental Allowed
      • Subdivision: No Named Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Mexico Beach

      Financial & listing details

      • Price per square foot: $492/sqft
      • Tax assessed value: $829,037
      • Annual tax amount: $14,796
      • Date on market: 2/12/2026
      • Cumulative days on market: 150 days
      • Electric utility on property: Yes

        Estimated market value

        $1,768,000

        $1.68M - $1.86M

        $5,444/mo

        Price history

        DateEventPrice
        6/2/2026Price change$1,849,000-1.3%$492/sqft
        Source: CPAR #785193 Report a problem
        4/20/2026Price change$1,874,000-1.3%$499/sqft
        Source: CPAR #785193 Report a problem
        3/24/2026Price change$1,899,000-2.6%$505/sqft
        Source: CPAR #785193 Report a problem
        2/13/2026Listed for sale$1,949,000-2.5%$519/sqft
        Source: CPAR #785193 Report a problem
        1/1/2026Listing removed$1,999,000$532/sqft
        Source: CPAR #765733 Report a problem
        5/20/2025Price change$1,999,000-8.9%$532/sqft
        Source: CPAR #765733 Report a problem
        4/14/2025Price change$2,195,000-2.2%$584/sqft
        Source: CPAR #765733 Report a problem
        2/14/2025Price change$2,245,000-2.2%$598/sqft
        Source: CPAR #765733 Report a problem
        12/3/2024Listed for sale$2,295,000$611/sqft
        Source: CPAR #765733 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$13,751 +397.4%$819,391 +422.2%
        2023$2,765 +16.3%$156,911 +10%
        2022$2,377 $142,646
        2021-- --
        2020$1,723 +12.4%$90,589 +10%
        2019$1,533 $82,354 -29.5%
        2018$1,533 -31.5%$116,832 +2.1%
        2017$2,239 +19.6%$114,425 +8.8%
        2016$1,872 +6.1%$105,197 -0.3%
        2015$1,764 $105,498 +1.6%
        2014$1,764 $103,834 +2.5%
        2013-- $101,298 -0.9%
        2012-- $102,225 -10.3%
        2011-- $113,951 -10%
        2010-- $126,678 -12.1%
        2009-- $144,178 -26.3%
        2008-- $195,758 -11.8%
        2007-- $221,858 -21.5%
        2006-- $282,443 +313%
        2005-- $68,382 +7.2%
        2004-- $63,770 +8.9%
        2003-- $58,561 +4.2%
        2002-- $56,194
        2001-- $56,194 +6.8%
        2000-- $52,617
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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
        Schools provided by the listing agent
        • Elementary: Port St. Joe
        • Middle: Port St. Joe
        • High: Port St. Joe

        Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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