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    101 S 42nd Street unit E Mexico Beach, FL 32456

    View on Map
    For Sale
    $575,000

    MULTI_FAMILY - Other - Mexico Beach, FL

    Property size:
    1,012 SF
    Lot size:
    0.01 Acres
    Added:
    Oct 11, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 101 S 42nd Street unit E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Resid Multi-Family
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
    Parking
    2
    Window features
    Window Treatments
    Patio and Porch features
    Porch
    Exterior features
    BBQ Pit/Grill, Fenced Back Yard, Shower
    Fencing
    Back Yard
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Tnkls
    Standard status
    Active
    APN
    04126-050-050
    Size
    1,012 SF
    Lot size
    0.01 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    LOTS E ORB 4467 P 874 OCEAN BREEZE
    TaxAnnualAmount
    7574

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2020
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Siding CmntFbrHrdBrd
    Architectural style
    Other

    We can help!

    Listing Contact
    Shelby L Schuler

    Listing agent Shelby L Schuler License #3542159

    Listing office The Beach Group Properties LLC 4514 E Cnty Hwy 30A, Santa Rosa Beach, FL

    Listing date Oct 11, 2025

    MLS# 987374

    Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Coastal Retreat Near Mexico Beach

    Seabreeze Bungalow is a coastal retreat featuring 2 bedrooms and 2 bathrooms, located on the beach side of Highway 98, a short walk from the beach in Mexico Beach. Built in 2020, the property features custom finishes and high-quality construction, including luxury vinyl plank flooring and 9-foot ceilings. The home includes quartz countertops, spray foam insulation, a Rinnai tankless water heater, and a metal roof. It rests on a stem wall foundation and is located in the X flood zone, so no flood insurance is required. The property is professionally decorated, with all furnishings and artwork newly updated in 2025, and is sold fully furnished. Outdoor features include a covered back porch, a fenced brick paver courtyard, an outdoor shower, and a natural gas hookup for grilling. There are no HOA fees. The property is near the Mexico Beach city boat ramp. Currently operating as a vacation rental, Seabreeze Bungalow is an opportunity for investors and second-home buyers. Mexico Beach is known for its family-friendly atmosphere and uncrowded beaches. The property is intended for use as a vacation rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Real Estate Agency Big Box & Wholesale Store Hair Salon Nail Salon Department Store Grocery & Convenience Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mexico Beach
    County
    Gulf
    State
    Florida
    Longitude
    -85.427048
    Latitude
    29.951691

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    FAQs

    What type of property is this?
    Short term rental property - Professionally decorated, fully furnished coastal retreat near the beach.
    Where is this short term rental property located?
    The property is located at 101 S 42nd Street unit E Mexico Beach, FL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: X Flood Zone: No flood insurance required; Fully Furnished & Professionally Decorated: Updated in 2025 and ready for immediate use; Strong Vacation Rental Income: Proven rental history makes this an attractive investment
    (850) 687-4190
    We can help!
    Listing Contact
    Shelby L Schuler
    Real Estate License ID: 3542159
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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