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Duplex with Private Heated Pools
New
For Sale
$3,599,000

111 31st St, Mexico Beach, FL 32456

Residential, Mexico Beach, FL

Property Size7,514 SF
Lot Size0.18 Acres
Price / SF$478.97
Days on Market2

Property Features for 111 31st St

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description City
Bedrooms 12
Bathrooms 13
Full bathrooms 12
Half bathrooms 2
Rooms Bathroom 6, Bathroom 9, Bathroom 4, Bathroom 12, Bedroom 12, Bedroom 11, Bathroom 11, Bathroom 2, Bedroom 9, Bedroom 1, Bedroom 7, Bedroom 10, Bedroom 4, Bathroom 7, Bathroom 13, Bathroom 14, Bathroom 8, Bedroom 3, Bedroom 2, Bathroom 10, Bathroom 5, Bedroom 8, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 6
Parking 8
Parking features Driveway, Covered
Window features Storm Window(s), Insulated Windows, Window Treatments
Patio and Porch features Porch
Pool private 1
Interior features Breakfast Bar, Kitchen Island, High Ceilings, Recessed Lighting, Split Bedroom, Storage, Walk-In Closet(s)
Exterior features Barbecue, Lawn Pump, Outdoor Shower
Appliances Dishwasher, Disposal, Dryer, Electric Oven, Microwave, Refrigerator w/Ice Maker, Tankless Water Heater, Washer
Subdivision No Named Subdivision
Lot features Landscaped, Sprinkler System, Improved Lot, Level, Survey Available, Within 1/2 Mile of Water
View Water
Directions Mexico Beach - South on 31st St - Property on Left.
Standard status Active
APN 04561000000
Size 7,514 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Description A -- MEXICO BEACH UNIT 4 (6.02) BEG NE COR LOT 6 TH SW 35.2' NW 105' NE 35.2' SE 105' TO POB AKA PT LOT 6 BLK M ORB 4443 P 665 235C2 B--MEXICO BEACH UNIT 4 (6.01) BEG 35.2' SW OF ELY COR LOT 6 TH SW 36.5' NW 105' NE 36.5' SE 105' TO POB AKA PT L-6
Legal Description A -- MEXICO BEACH UNIT 4 (6.02) BEG NE COR LOT 6 TH SW 35.2' NW 105' NE 35.2' SE 105' TO POB AKA PT LOT 6 BLK M ORB 4443 P 665 235C2 B--MEXICO BEACH UNIT 4 (6.01) BEG 35.2' SW OF ELY COR LOT 6 TH SW 36.5' NW 105' NE 36.5' SE 105' TO POB AKA PT L-6

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Ceiling Fan(s), Electric
Water source Public

Amenities

private covered porch
laundry
family recreational zone
private heated cocktail pool
custom putting green
covered patio
outdoor recreational areas

Building Details

Year built 2023
Floors in Building 2
Building materials Frame, HardiPlank Type
Roof type Metal
Architectural style Other
Additional Structures Storage
Listing Agency: Forgotten Coast Realty Of Nw Florida
Listed By: Teresa Carlton · License #3067146
Added: Nov 2 Last Checked: Nov 3 at 8:06PM
MLS# 329866

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

Built in 2023, this duplex contains two furnished residences, each arranged across four levels with six bedrooms and an open living, dining, and kitchen area. Each side includes en-suite bedrooms, laundry, covered porches, and a private heated pool. Kitchen features include granite countertops, stainless steel appliances, wood cabinetry, a farmhouse sink, and an island. Each residence also has a custom putting green and covered outdoor space.

The property sits one lot from the Gulf on the beachside of Hwy 98 in Mexico Beach. A dual-locking door on the first-level front deck links the residences, allowing the two sides to function together when desired. The combined layout provides 12 bedrooms, two custom bunk rooms, and shared access between the units.

Key Highlights

  • Two residences, each with 6 bedrooms and 6.5 baths
  • Built in 2023 on a 0.1752‑acre lot
  • One lot from the Gulf, on the beachside of Hwy 98

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

144
Businesses Nearby

Demographics for 32456, FL

7,439
Population
6,252
Households
1.2
Avg Household Size
55
Median Age
37%
College-Educated
96%
High-School Grad
106.2 sq mi
ZIP Area
70
Density / Sq Mi
$73,723
Median Household Income
$38,630
Median Earnings
$1,363
Median Rent
$338,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two furnished residences can connect through a first-level deck door for combined use.
Where is this duplex located?
The property is located at 111 31st St Mexico Beach, FL.
What is the asking price?
The asking price for this property is $3,599,000.
What are key features of this property?
This property features: Two residences, each with 6 bedrooms and 6.5 baths; Built in 2023 on a 0.1752‑acre lot; One lot from the Gulf, on the beachside of Hwy 98
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