MLS Property 315971

1002 Hwy 98

Mexico Beach, FL

$1,100,000

Introducing Moorejito, the ultimate investment opportunity! This stunning custom-built 3-story townhome in flood zone X, is directly across from the white sands of Mexico Beach. With its panoramic views and easy beach access, this property is perfect for both residential living and short-term rentals. As you enter the first floor, you are greeted by a cozy open living area and spacious kitchen. The kitchen is equipped with an induction stove, microwave drawer, and adjacent bar perfect for cooking/entertaining. This home provides sleeping/dining room for 9 people with a half bath on the ground level. Moving up to level 2, you find bdrm 2, a bunkroom, and a full bath w/ shower/tub combo. Tucked into a bonus storage closet, you will find a full-size laundry. Sliding glass doors in bdrm2 opens up onto deck, featuring gorgeous gulf views at sunrise/sunset. Level 3 is dedicated to the primary suite with sliding glass doors leading onto balcony, allowing for morning coffee or evening cocktails while taking in the Gulf views. The primary bdrm boasts a wet bar with a mini fridge and a luxurious spa-style bathroom. Unwind in the oversized standalone tiled shower or indulge in a relaxing bath, embracing the beach lifestyle. Additionally, this townhome comes with an extra lot that currently serves as outdoor living space and parking. Managed by Vacasa, this home has a yearly rental income projection of $ 51,100-79,700 depending on owner occupancy. Architectural drawing plans for 3 additional townhomes are included with this listing, offering the opportunity to expand your investment portfolio. Please note that these plans will require engineering and FL permitting. Adjacent lots available for purchase MLS #315915 provide more information on these lots. Don't miss out on this one-of-a-kind townhome! Schedule today to view and explore the potential it holds for your investment portfolio. Owner financing to qualified buyer with 10%DWN 20YR Amortization at 6% interest. --

Property Details

MLS Number315971
StatusSold/Closed
List DateDec 08, 2023
Listing UpdatedMar 22, 2024
Bedrooms3
Bathrooms2 full, 1 half
H/C SqFt1,616
Total SqFt1,936
Lot Size18x75
Acreage0.027
Year Built2021
HOA AmountNo HOA Fees

Construction Details

InteriorCarbon Monoxide Detector, French Door, Inside Storage, Lighting Recessed, Lock Out Closet, Pantry, Smoke Detector, Walk-in Closet, Washer/Dryer Hookup, Wet Bar, Window Treatment All, Woodwork Painted
AppliancesClothes Dryer, Clothes Washer, Dishwasher, Exhaust Fan, Microwave, Oven Self Cleaning, Range Hood, Refrigerator w/Ice Maker, Stove/Oven Electric, Water Heater Electric
ExteriorBBQ Pit/Grill, Landscaped, Shower
EnergyCeiling Fan, Insulated Door(s), Insulated Window(s), Ridge Vent, Storm Door(s), Storm Window(s)
ConstructionHardiPlank Type
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected
ParkingDriveway
LotAdditional Land Available, Cleared, Survey Available, Within 1/2 Mile of Water
Land AccessUS Highway

Area Information

AreaMexico/St. Joe Beach
Sub AreaMexico Beach
SubdivisionMexico Beach
Waterview1st Tier Gulf
Flood ZoneX
Zip32456
Coordinates-85.4042798, 29.9387254
Legal InfoMEXICO BEACH U-2 (2.01) SELY 16.20' OF LOT 2 BLK P ORB 4670 P 931

Map Location

Due to new roads in our area, some properties may now show up in exactly the right location.

This listing is managed by Anchor Realty Florida.

Property information provided by the REALTOR’S® Association of Franklin and Gulf Counties, Inc.. IDX information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.