This 6.22-acre Development Opportunity ''Forgotten Coast Villas'' in Mexico Beach, Florida, is a rare find that combines a prime location, comprehensive development plans, and significant investment potential. With the beach just half a mile away and all the groundwork already laid for a 39-unit complex, you have the chance to create a thriving community in one of Florida's most beautiful coastal towns. One of the standout features of this development opportunity is the comprehensive engineering plans already in place. These plans have been meticulously crafted to ensure a smooth development process, saving time and resources for the new owner. The renderings included in the photos section showcase the envisioned 39-unit complex, complete with seven beautifully designed buildings with mixtures of 1BR, 2BR, 3BR and 4BR units, and a community clubhouse featuring a pool. Each unit comes with its own address and individual parcel number, allowing for straightforward ownership and management. This property is not just a piece of land; it's a fully prepared development opportunity. With all necessary documents and plans recorded, you can hit the ground running. Known for its beautiful white sandy beaches and crystal-clear waters, Mexico Beach is a desirable destination for those looking to escape the hustle and bustle of city life. The area is increasingly popular among tourists, making it an ideal spot for a residential complex that caters to both long-term residents and seasonal visitors.
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Zillow last checked:
Listing updated:
Listed by:
Carol E Erwin850-819-1205,
Forgotten Coast Realty of NW Florida LLC
Source: CPAR,MLS#: 791994Originating MLS: Central Panhandle Association of REALTORS
Facts & features
Property
Lot
Size: 6.2 Acres
Details
Parcel number: 40001800000
Zoning description: Multi-Family, Resid Multi-Family, City, General Commercial
Source: Forgotten Coast Realtor Association #320403Report a problem
4/4/2025
Price change
$2,300,000-11.5%
Source: Forgotten Coast Realtor Association #320403Report a problem
12/24/2024
Listed for sale
$2,600,000+285.2%
Source: Forgotten Coast Realtor Association #320403Report a problem
9/24/2020
Sold
$675,000
Source: Forgotten Coast Realtor Association #262498Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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