115 S 42nd Street 1 & 2, Mexico Beach, FL 32456 (MLS# 780510)


$1,925,000
115 S 42nd Street 1 & 2
Mexico Beach, FL 32456
MLS# 780510
8 beds  |  8 baths  |  3550 sqft


115 42nd St front view
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Property Description
Welcome to the Cottages of Mexico Beach a laidback coastal retreat!! Just 100 steps to the sugar-white sands of Mexico Beach! This stunning 2023-built duplex offers the perfect combination of modern luxury and coastal charm. Live in one Side and Rent the other out for vacation rental or short term rental them both! Located 2 minutes from the local marina. Each side features 4 bedrooms and 3.5 baths, beautifully furnished and thoughtfully designed for comfort and style. Sold fully furnished and turn-key, this property is ready to continue as a successful short-term rental—currently listed on Airbnb with a strong rental history. Enjoy open-concept living spaces, coastal décor, and well-equipped kitchens ideal for entertaining. Each unit offers spacious bedrooms, stylish finishes, and outdoor areas perfect for relaxing after a day at the beach. Feel the breeze as it sweeps across the Gulf of America while you lounge around in the cozy outdoor area. Whether you're looking for a high-performing investment, a family beach retreat, or both, this duplex delivers exceptional flexibility and income potential. Don't miss this rare opportunity to own a nearly new property so close to the Gulf in highly sought-after Mexico Beach!

Details
Maps
Listing Info, Tax and Legal
HOA Fee: No
New Buyer Fee: No
Last Taxes: 8253
Last Tax Year: 2024
Brokerage Interest: No Interest
As Is: Yes
Contract Info
List Price/SqFt: 542.25
Status: Active
List Date: 2025-10-16
List Price: $1,925,000
Current Price: $1,925,000
Location
Unit #: 1 & 2
Sub Area: 0517 - Bay East - Mexico Beach
Community/Resort: None
Waterfront: No
Elementary School: Port St. Joe
Middle School: Port St. Joe
High School: Port St. Joe
Directions: From Panama City, head East on 98 towards Mexico Beach, turn Right onto S 42nd Street, property is on the left. From Port St Joe, head West on 98 towards Mexico Beach, turn left on S 42nd Street, property on the left.
Area: 05 - Bay County - East
Street #: 115
Street Direction: S
Street Name: 42nd
Street Suffix: Street
State: FL
Zip Code: 32456
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 04691-020-000 & 04691-010-00
Legal Description: MEXICO BEACH UNIT #7 213D1 LOT 8 LESS PCL FOR U #B BLK 9 ORB 4532 P 320
General Property Info
Design: Duplex
Apx SqFt(Htd/Cooled): 3550
Construction Status: Construction Complete
SqFt Source: Prop App Site
Half Baths: 2
Lot Dimensions: 75x89
New Construction: No
Garage Y/N: No
Pool: No
Sub-Type: Duplex Multi-Units
Bedrooms: 8
Full Baths: 6
Total Baths: 8
Year Built: 2023
Remarks & Misc
Remarks: Welcome to the Cottages of Mexico Beach a laidback coastal retreat!! Just 100 steps to the sugar-white sands of Mexico Beach! This stunning 2023-built duplex offers the perfect combination of modern luxury and coastal charm. Live in one Side and Rent the other out for vacation rental or short term rental them both! Located 2 minutes from the local marina. Each side features 4 bedrooms and 3.5 baths, beautifully furnished and thoughtfully designed for comfort and style. Sold fully furnished and turn-key, this property is ready to continue as a successful short-term rental—currently listed on Airbnb with a strong rental history. Enjoy open-concept living spaces, coastal décor, and well-equipped kitchens ideal for entertaining. Each unit offers spacious bedrooms, stylish finishes, and outdoor areas perfect for relaxing after a day at the beach. Feel the breeze as it sweeps across the Gulf of America while you lounge around in the cozy outdoor area. Whether you're looking for a high-performing investment, a family beach retreat, or both, this duplex delivers exceptional flexibility and income potential. Don't miss this rare opportunity to own a nearly new property so close to the Gulf in highly sought-after Mexico Beach!
Dining Room
First: 1
Family Room
First: 1
Master Bathroom
Second: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Ice Maker: 1
Microwave: 1
Range - Electric: 1
Range Hood: 1
Washer: 1
Interior Features
Ceiling - Coffered: 1
Ceiling - Raised: 1
Floor - Tile: 1
Split Bedroom: 1
Wet Bar: 1
Construction/Siding
Concrete: 1
Foundation - Off Grade: 1
Siding - Hardie Board: 1
Exterior
Balcony: 1
Fenced Back Yard: 1
Fenced Privacy: 1
Shower: 1
Patio Covered: 1
Patio Enclosed: 1
Financing
Cash: 1
Conventional: 1
Furnished
Furnished: 1
Kitchen
First: 1
Lot Features
Improved Lots: 1
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Lot Access
City Street: 1
Paved Road: 1
Parking Features
Driveway: 1
Paver Block: 1
Mstr Bath / Mstr Bdrm
MBath Shower Only: 1
MBed Walk-in Closet: 1
Present Zoning
County: 1
Resid Single Family: 1
Rooms
Bedroom: 1
Dining Room: 1
Family Room: 1
Full Bathroom: 1
Half Bathroom: 1
Kitchen: 1
Master Bathroom: 1
Master Bedroom: 1
Utilities
Electricity - Connected: 1
Internet - Broadband Available: 1
Public Sewer - Connected: 1
Public Water - Connected: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Full Bathroom
Second: 1
Half Bathroom
First: 1
Master Bedroom
Second: 1
Bedroom
First: 1
Second: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Security Features
Smoke Detector(s): 1
Property Features
Appliances: Dishwasher; Disposal; Dryer; Ice Maker; Microwave; Range - Electric; Range Hood; Washer
Full Bathroom: Second
Half Bathroom: First
Master Bedroom: Second
Bedroom: First; Second
Cooling: Ceiling Fan(s); Central Air; Electric
Heating: Central; Electric
Exterior: Balcony; Fenced Back Yard; Fenced Privacy; Shower; Patio Covered; Patio Enclosed
Financing: Cash; Conventional
Furnished: Furnished
Kitchen: First
Lot Features: Improved Lots; Near Beach Access; Within 1/2 Mile to Water
Lot Access: City Street; Paved Road
Master Bathroom: Second
Dining Room: First
Family Room: First
Security Features: Smoke Detector(s)
Parking Features: Driveway; Paver Block
Rooms: Bedroom; Dining Room; Family Room; Full Bathroom; Half Bathroom; Kitchen; Master Bathroom; Master Bedroom
Sale Type: As Is
Utilities: Electricity - Connected; Internet - Broadband Available; Public Sewer - Connected; Public Water - Connected
Waterview: Gulf
Present Zoning: County; Resid Single Family
Supplements
With all the beach life amenities with Mexico Beach Marina nearby, where you can enjoy all your boating needs and feel the warmth of true southern hospitality at the local Marina, General, Beach, and Country Store. From ethanol-free gas to live bait and groceries, everything is at your fingertips. And with a boat ramp just a short drive away, launching into the Gulf of America for a day of adventure is effortless. If you're in need of more storage options, Point South Marina - Port St. Joe, is only 12 miles away, provides dry-dock storage facilities. As the ultimate watersports hub, this location caters to avid enthusiasts, offering thrilling offshore fishing experiences and inshore fishing adventures at Presnell's Marina and RV Park. enjoy all the water activities, the area offers so many outdoor experiences, including horseback riding along the beach, just a short drive to Cape San Blas. And when it comes to culinary delights, explore the vibrant downtown of Port St. Joe, where a plethora of restaurants, breweries, and oyster bars sit ready to please your every palate.
Room Information
Room Name Level Dimensions Length Width Dimensions
Master BedroomSecond15 x 1215.0012.0015 x 12
BedroomFirst15 x 1215.0012.0015 x 12
BedroomSecond14 x 1314.0013.0014 x 13
BedroomSecond14 x 1314.0013.0014 x 13
Family RoomFirst15 x 1315.0013.0015 x 13
Dining RoomFirst11 x 1311.0013.0011 x 13
KitchenFirst10 x 610.006.0010 x 6
Master BathroomSecond1 x 11.001.001 x 1
Full BathroomSecond1 x 11.001.001 x 1
Full BathroomSecond1 x 11.001.001 x 1
Half BathroomFirst1 x 11.001.001 x 1

Listing Office: Salty Marlin Realty LLC

Last Updated: January - 27 - 2026

Information deemed reliable but not guaranteed.