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Mexico Beach 32410 Mexico Beach
108 S 29th Street
Photo of 108 S 29th Street
Sold on Jun 3, 2019

9

Map

Photo of 108 S 29th Street
Photo of 108 S 29th Street
$315,000
● Land - Off Market

108 S 29th Street

Mexico Beach, FL 32456
bedrooms
Studio
bathrooms
0 Bath
$513,030
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

This is the closest lot to the beach for sale in Mexico Beach. This is a first tier lot meaning there is only 1 buildable lot between you & the beach. This is a full size lot well off of Hwy 98. This area had many older homes destroyed and has been and is very sought after both before and after Hurricane Michael. This property is close enough to the beach that a DEP permit will be required as it's inside the CCCL line. There has not been a single family beachfront lot sell for less than $625K since Michael and this lot is the next best thing and a fraction of the price of Gulf front. This lot is mostly located in the coveted X/.02 zone with the new projected Flood zones.
Unit Size
-
Days on Market
45 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,130
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 25 days ago ( #682673)

Price History

Date / Event Date Event Price
Jun 7, 2019 Sold
Premium
Sold
Mar 15, 2019 Listed by 98 Real Estate Group, LLC $349,000
Listed by 98 Real Estate Group, LLC
Jun 6, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MEXICO BEACH
  • Land Acres: 0000000172
  • Standard Land Use Code: 8000
  • County Land Use Code: 000000
  • Legal Description 1: MEXICO BEACH UNIT 4 235C2 LOT 8 BLK N ORB 4132 P 549

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000600

Zoning

  • Zoning: MB04

Geography

  • Assessors Map Reference: MAP 235C2
  • Parcel: 04571-010-000
  • Block: N
  • Lot: 8
  • Meridian: SEC 23 TWN 06S RNG 12W
  • Municipality: CITY OF MEXICO BEACH
  • Latitude: 29.9471
  • Longitude: -85.4185

    Address

  • Full Address: 108 S 29th St
  • Legal Unit: 4
  • Address - House Number: 108
  • Street Direction: S
  • Address - Street Name: 29th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Mexico Beach
  • Carrier Code: H007
  • 4-Digit Zip Code: 0224
  • Zip Code: 32456

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $491,780
  • Tax Rate Code Area: 008

    Market Valuation

  • Market Total Value: $345,000
  • Market Land Value: $345,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $259,545

    Sales

  • Current Sale Contract Date: May 31, 2019
  • Current Sale Recording Date: Jun 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019053962
  • Previous Sale Recording Date: Jun 06, 2002
  • Previous Sale Contract Date: May 31, 2002
  • Previous Sale Amount: $1,017,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mexico Beach

Stats & Trends

Median Asking:

$785,000

Sale Price/ft²

$461

Below Asking

0.01%

Average Days on Market

189

Average Home Size

1347 ft²

Average Home Age

12 years

Currently For Sale

36 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Frequently Asked Questions

When was property at 108 29th Street built and last sold?
The property at 108 29th Street was built in and last sold on May 31, 2019 for $315,000.
How much is this home worth?
The estimated value of the home located at 108 29th Street is $352,490.
What are some comparable homes to 108 29th Street?
There are currently no comparable homes to 108 29th Street.
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