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Sold for $870,000
  • $870,000

    114 S 40th St, Mexico Beach, FL 32456

    3beds
    1,200sqft
    Single Family Residence
    Built in 2020
    7,492 Square Feet Lot
    $859,300 Zestimate®
    $725/sqft
    $2,137 Estimated rent

    Home value

    $859,300

    $773,000 - $954,000

    $2,137/mo

    Zestimate® history
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    What's special

    Ocean viewFruit treesRoom for a poolStylish high-quality furnishingsSpacious front porchAmple storageDrip irrigation system
    Welcome to your dream investment property or personal beach retreat! This stunning turn-key home is just 250 ft from the sand, offering the ultimate coastal lifestyle! Built in 2020 by Premium Builder Big Fish Construction, this home is thoughtfully designed with stylish, high-quality furnishings, making it completely move-in or rental-ready. All you need is your toothbrush! Just a short walk to the beach, allowing for easy access to sun, surf, and relaxation. Perfect for short-term or long-term rentals, this home is an incredible opportunity for investors. Multiple bedrooms and open-concept living areas create a bright, airy, and inviting space. Take in the ocean view while enjoying your morning coffee or sunset cocktails on the spacious front porch, surrounded by ocean breezes. Outside you will find a lovely landscaped yard featuring fruit trees and raised bed gardens, easily maintained with a drip irrigation system. Rinse off the salt and sand in the large outside shower. All of this and still room for a pool! Modern kitchen, updated bathrooms, ample storage, and 12 parking spaces for guests, your RV and your boat! Whether you're looking for a lucrative rental property or a serene getaway, this beachside gem checks all the boxes. 1st tier, priced well under a million, this property will not last long! Don't miss this rare opportunity—schedule a viewing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Beth Cooper 850-247-5283,

    Forgotten Coast Realty of NW Florida

    Bought with:

    Carter Dorsch, 3538531

    98 Real Estate Group, LLC

    Source: Forgotten Coast Realtor Association,MLS#: 321545MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Electric
    Appliances
    • Included: Dryer, Washer, Dishwasher, Disposal, Microwave, Self Cleaning Oven, Range Hood, Refrigerator w/Ice Maker, Gas Oven, Gas Water Heater, Instant Hot Water, Tankless Water Heater
    • Laundry: Washer/Dryer Hookup
    Features
    • Vaulted Ceiling(s), Kitchen Island, Recessed Lighting, Lock Out Closet, Newly Painted, Woodwork Painted, Ceiling Fan(s)
    • Windows: Double Pane Windows, Window Treatments
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 2,094
    • Total interior livable area: 1,200 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Driveway, Under House With Pad
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Front Porch
    • Exterior features: Outdoor Shower
    • Fencing: Back Yard,Vinyl,Wood
    • Has water view: Yes
    • Water view: 1st Tier Gulf,Water
    Lot
    • Size: 7,492 Square Feet
    • Dimensions: 75 x 100
    • Features: Within 1/2 Mile of Water, Sprinkler System
    Details
    • Parcel number: 04107000000
    • Zoning description: Residential Single Family,Resort

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Beach House
    • Property subtype: Single Family Residence
    Materials
    • HardiPlank Type
    • Foundation: Pilings
    • Roof: Metal
    Condition
    • Construction Complete
    • Year built: 2020

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected, Water Connected, City Trash

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $725/sqft
    • Tax assessed value: $594,350
    • Annual tax amount: $8,864
    • Date on market: 4/4/2025
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/23/2025Sold$870,000-3%$725/sqft
    Source: Forgotten Coast Realtor Association #321545 Report a problem
    4/14/2025Contingent$897,000$748/sqft
    Source: Forgotten Coast Realtor Association #321545 Report a problem
    4/4/2025Listed for sale$897,000+125.9%$748/sqft
    Source: Forgotten Coast Realtor Association #321545 Report a problem
    9/6/2017Listing removed$397,000$331/sqft
    Source: PRISTINE PROPERTIES LLC #259695 Report a problem
    8/22/2017Price change$397,000-8.5%$331/sqft
    Source: PRISTINE PROPERTIES LLC #259695 Report a problem
    8/7/2017Price change$434,000-1.1%$362/sqft
    Source: PRISTINE PROPERTIES LLC #259695 Report a problem
    7/12/2017Price change$439,000+17.1%$366/sqft
    Source: PRISTINE PROPERTIES LLC #259695 Report a problem
    7/7/2017Listed for sale$375,000+87.5%$313/sqft
    Source: PRISTINE PROPERTIES LLC #259695 Report a problem
    10/28/2014Sold$200,000-3.3%$167/sqft
    Source: Public Record Report a problem
    9/5/2014Price change$206,900-10%$172/sqft
    Source: 98 REAL ESTATE GROUP, LLC #252411 Report a problem
    7/27/2014Listed for sale$229,900$192/sqft
    Source: 98 REAL ESTATE GROUP, LLC #252411 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$9,234 +27.5%$594,350 +60.6%
    2023$7,242 +14.7%$369,969 +10%
    2022$6,315 $336,335
    2021-- --
    2020$3,485 +12.4%$183,233 +10%
    2019$3,101 $166,575 -20.5%
    2018$3,101 -16.9%$209,499 +2.6%
    2017$3,733 +11.7%$204,113 +10%
    2016$3,342 +7.5%$185,557 -0.2%
    2015$3,110 $185,960 +2.8%
    2014$3,110 $180,851 +2.5%
    2013-- $176,515 -1.1%
    2012-- $178,390 -11.5%
    2011-- $201,669 -11.2%
    2010-- $227,196 -13.4%
    2009-- $262,373 -28.5%
    2008-- $367,088 -9.8%
    2007-- $407,111 -22.7%
    2006-- $526,446 +413.4%
    2005-- $102,549 +8%
    2004-- $94,995 +58.4%
    2003-- $59,962 +4.2%
    2002-- $57,521 +11.1%
    2001-- $51,784 +16.9%
    2000-- $44,285
    Find assessor info on the county website

    Neighborhood: 32456

    Nearby schools

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