41
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57 1st Street
About This Property
This home has had some major improvements. Enjoy peace of mind with a new metal roof (2022) and new A/C and furnace (2022) for year-round comfort. In 2025, the exterior received a fresh new look with new siding and new glass panes in all windows, enhancing both curb appeal and energy efficiency. A new fiberglass front door adds a stylish, welcoming touch that completes the home's refreshed appearance.
Nestled in a golf cart friendly community just minutes from the Gulf of Mexico, this adorable home offers the perfect blend of comfort, convenience, and coastal charm. Whether you're searching for a second home or an ideal vacation rental, this property checks every box.
Enjoy easy access to all that Mexico Beach has to offer, local shops, dining, and pristine white sands, while being perfectly situated near Port St. Joe for even more coastal adventures. With its inviting layout and low-maintenance design, this home is made for relaxed beach living.
Spend your days soaking up the sun, exploring nearby attractions, and cruising to the beach on your golf cart. This is the beach lifestyle you've been dreaming of, ready for you to make it your own!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 10, 2025 | Listed by EXP Realty LLC | $324,900 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017