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    Coastal Retreat Near Mexico Beach Title is generated by Realmo AI

    101 42nd Street, Mexico Beach, FL 32456

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    Claim this Listing
    New
    For Sale
    $525,000

    MULTI_FAMILY - Other - Mexico Beach, FL

    Property size:
    1,012 SF
    Lot size:
    0.01 Acres
    Price / SF:
    $518/SF
    Added:
    May 17, 2026
    Days on Market:
    6
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for 101 42nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Resid Multi-Family
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 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

    Tax Year
    2024
    Tax Description
    LOTS E ORB 4467 P 874 OCEAN BREEZE
    Tax Annual Amount
    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 May 17, 2026

    MLS# 1003275 Listing URL

    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.

    HighLights

    • Beach access: A short walk to Mexico Beach, located on the beach side of Highway 98.
    • Turnkey Ready: Sold fully furnished with new furnishings and artwork (updated in 2025).
    • Vacation Rental Potential: Ready to continue as a successful vacation rental property.
    • Modern Construction: Built in 2020 with custom finishes and high‑quality construction.
    • Desirable Features: Includes luxury vinyl plank flooring, quartz countertops, and 9‑foot ceilings.
    • Energy Efficient: Equipped with spray foam insulation and a Rinnai tankless water heater.

    Overview

    Seabreeze Bungalow is a coastal retreat featuring 2 bedrooms and 2 bathrooms, situated on the beach side of Highway 98, a short walk from the beach in Mexico Beach. Constructed in 2020, this property features custom finishes and high-quality construction. The home includes luxury vinyl plank flooring, 9-foot ceilings, and quartz countertops. It also has spray foam insulation, a Rinnai tankless water heater, and a durable metal roof. The property is being sold fully furnished, with all furnishings and artwork newly updated in 2025. The property is suitable for immediate enjoyment or continuation as a vacation rental. The property size is 1012 square feet and the lot size is 0.01 acres.
    Property Profile 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 2-bedroom coastal retreat near the beach.
    Where is this short term rental property located?
    The property is located at 101 42nd Street Mexico Beach, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Beach access: A short walk to Mexico Beach, located on the beach side of Highway 98.; Turnkey Ready: Sold fully furnished with new furnishings and artwork (updated in 2025).; Vacation Rental Potential: Ready to continue as a successful vacation rental property.
    (850) 687-4190
    We can help!
    Listing Contact
    Shelby L Schuler
    Real Estate License ID: 3542159
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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.

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