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    507 Cathey Ln Mexico Beach, FL 32456

    For Sale
    $195,000

    Residential Lots/Land - Mexico Beach, FL

    Lot size:
    0.33 Acres
    Days on Market:
    229
    Last Refresh:
    Dec 11 at 11:06 am

    Property Features for 507 Cathey Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    04188-060-000
    Lot size
    0.33 Acres

    Building Details

    Architectural style
    Other

    Forgotten Coast Realty of NW Florida (850) 819-1205 [email protected]

    Listing agent Allen Gaddis (850) 648-3000

    Listing date Apr 27, 2025

    MLS# 321495 Listing URL

    Copyright © 2025 Forgotten Coast Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot with Garage

    This residential lot, located in Mexico Beach, Florida, is ready for construction of a new home. The property features landscaping with numerous palm trees. A 30-inch by 30-inch garage is present on the lot, with a roof that was replaced in 2019. City water and city sewer connections are available at the property, indicating a previous residence on the site. The lot size is approximately 0.332 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Skin Care Clinic Hotel & Motel Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Mexico Beach
    County
    Gulf
    State
    Florida
    Longitude
    -85.3930615
    Latitude
    29.9368439

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    FAQs

    What type of property is this?
    Land - Residential lot featuring a garage and established landscaping.
    Where is this land located?
    The property is located at 507 Cathey Ln Mexico Beach, FL.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: - Ready for new construction of a dream home.; - City water and sewer connections available.; - Features a 30" x 30" garage.
    (850) 648-3000
    Request Owner's contact information
    507 Cathey Ln Mexico Beach, FL 32456
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    Mexico Beach, FL 32456
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    Realmo Value Estimation

    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.

    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.

    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
    507 Cathey Ln Mexico Beach, FL 32456
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