See Home Value
$473,000 - $577,000
House - Off Market

518 Maryland Blvd

Mexico Beach, FL 32456
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1808 Sqft
Sold Apr 12, 2021
$315,000
$282,599 by First National Bank Of Decatur
Mortgage Due Apr 05, 2026

About This Property

Discover the beauty and tranquility of coastal living with this charming 2BR/2BA home nestled in the heart of the serene Mexico Beach. Uniquely positioned as a profitable short-term rental property, this home boasts a five-star rating and comes fully turn-key. Situated on an expansive lot with ample space for six vehicles and a boat, this home is a gem for investors or those seeking a tranquil second home.  Inside, you'll appreciate the additional living space and the potential to easily convert into a 3BR/3BA home. Highlights include a cozy Florida room - ideal for a play area or extra bedroom, and a spacious laundry room that could be transformed into a third bathroom. Recent upgrades like a new metal roof, exterior paint, HVAC system, wood laminate flooring, light fixtures, and updated kitchen appliances, ensure comfort and convenience.  Outside, you will find a well-fed lawn irrigation system, and a covered outdoor area perfect for entertaining, and watching the big game. The property also features a tankless water heating system, a useful detached garage with lots for storage for beach toys, and your golf cart, and a circular driveway that accommodates parking a large boat without having to navigate a narrow driveway.  Experience the peace of a small beach town without traffic lights, the splendor of pristine white sandy beaches, crystal blue waters, and the soothing Gulf breezes. Don't miss this opportunity to invest in a piece of paradise!

The manager has listed the unit size as 1808 square feet.
Unit Size
1,808Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$290
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992

Price History

Date / Event Date Event Price
Dec 31, 2023 No longer available -
No longer available
Dec 16, 2023 In contract -
In contract
Nov 23, 2023 Price Decreased $525,000
↓ $24K (4.4%)
Price Decreased
Aug 11, 2023 Price Decreased $549,000
↓ $26K (4.5%)
Price Decreased
Jul 14, 2023 Listed $574,900
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Exterior Walls Type: Other
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Garage
  • Garage Square Area: 780
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 15,768
  • Lot Size Depth Feet: 1,580
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,544
  • Gross Building Area: 1,544
  • Building Area: 1,544
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,544
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEXICO BEACH
  • Land Acres: 0.362
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MEXICO BEACH UNIT 14 236A2 LOT 1 BLK C ORB 4389 P 2010

Ownership

  • Current Owner : WILLIAMS DAVID
  • Current Owner 2: WILLIAMS JENNIFER
  • Previous Owner : BUFFINGTON JIMMIE JOHN
  • Previous Owner 2: BUFFINGTON JIMMY JOHN

Neighborhood

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

Zoning

  • Zoning: MB01

Geography

  • Parcel: 04973-110-000
  • Block: C
  • Lot: 1
  • Meridian: SEC 25 TWN 06S RNG 12W
  • Municipality: CITY OF MEXICO BEACH
  • Latitude: 29.9382
  • Longitude: -85.3967

    Address

  • Full Address: 518 Maryland Blvd
  • Legal Unit: 14
  • Address - House Number: 518
  • Address - Street Name: Maryland
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Mexico Beach
  • Carrier Code: H003
  • 4-Digit Zip Code: 0147
  • Zip Code: 32456

Valuation

    Tax

  • Total Area: 1,623
  • Tax Year: 2023
  • Tax Amount: $5,070
  • Tax Rate Code Area: 008

    Appraisal Valuation

  • Standard Deviation: 0.0983
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 90
  • Final Value: 501,124
  • High Value: 550,418
  • Low Value: 451,830

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $282,599
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK OF DECATUR
  • First Open Lien Mortgage Recording Date: Apr 12, 2021
  • First Open Lien Mortgage Loan Amount: $282,599
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Apr 05, 2026

    Market Valuation

  • Market Total Value: $322,127
  • Market Land Value: $123,600
  • Market Improvement Value: $198,527

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $283,375

    Sales

  • Current Sale Contract Date: Apr 05, 2021
  • Current Sale Recording Date: Apr 12, 2021
  • Current Sale Transaction ID: 11831502169
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021026802

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK OF DECATUR
  • First Mortgage Transaction Date: Apr 12, 2021
  • First Mortgage Loan Amount: $282,599
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Apr 05, 2026



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
2 Baths
1,624 ft²
$326/ft²
$529,000 Jul 13, 2023
-
$148/mo
House
2 Beds
2 Baths
1,360 ft²
$389/ft²
$529,000 Aug 4, 2023
-
$148/mo
House
3 Beds
2 Baths
2,458 ft²
$239/ft²
$587,000 Sep 10, 2023
-
$700/mo
Condo
1 Bed
2 Baths
1,006 ft²
$487/ft²
$489,900 Mar 30, 2023
-
$450/mo
Condo
1 Bed
2 Baths
1,006 ft²
$487/ft²
$489,900 May 15, 2023
-
$450/mo
Land
Loft
-
-
$575,000 Nov 11, 2023
-
-
Land
Loft
-
-
$575,000 Dec 12, 2023
-
$457/mo

About Mexico Beach


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Nearby Rentals



Frequently Asked Questions

When was property at 518 Maryland Boulevard built and last sold?
The property at 518 Maryland Boulevard was built in 1992 and last sold on Apr 5, 2021 for $315,000.
How much is this home worth?
The estimated value of the home located at 518 Maryland Boulevard is $593,372.
What are some comparable homes to 518 Maryland Boulevard?
Homes that are comparable to 518 Maryland Boulevard include a house property at 404 Arizona Drive, 113 St Christopher Street, 800 US Highway 98.

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