Pending
2503 Highway 98 C
Mexico Beach FL, 32456
$490,000
$204.51 per sqft
Pending
3 Beds
4 Baths
2,396 sqft
Residential
Built in 2003
This remarkable property, located just a short stroll away from beautiful beaches, presents a unique opportunity for the discerning buyer. Previously affected by Hurricane Michael, this home is now ready to be restored to its former glory.Key Features:Reconstruction Ready: All necessary demolition work has been completed, offering a blank canvas for your vision. Electrical systems, windows, ductwork, and much of the plumbing are already in place.Versatile Potential: Whether you aim to create a dream home or a lucrative investment property, this space is primed for transformation. Neighboring units are operating as short-term rentals, generating impressive annual revenues of approximately $65k.Substantial Equity: With an After Repair Value (ARV) of $850k to $900k and a local licensed contractor's estimated rehab cost of $250k, the next owner stands to gain significant equity once renovations are complete.Official Estimate: Detailed rehabilitation quotes are available in the listing documents, providing transparency and aiding in your renovation planning.
760632
MLSⓇ ID
July 29, 2024
Listed
September 13, 2024
Updated
Map
2503 Highway 98 C
Mexico Beach FL, 32456
Interior Features
Total Stories
4
Bedrooms
3
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.03 Acres
Exterior Features
Balcony
Lot Features
Landscaped
Architectual Style
Fourplex
Roof
Metal
School Information
High School
Port St. Joe
Elementary School
Port St. Joe
Other Property Details
Area Name
05 - Bay County - East
Taxes
$5,059
Tax Frequency
Annually
Days on Market
29
Garage
No
Parking
Carport, Driveway
View
Yes
View Description
Gulf
County
Bay
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/27/2024 | Pending | — |
8/20/2024 | Price change | $490,000 -11% |
Courtesy of Think Real Estate, Matt W Wright,
Listing Contact: (850) 227-8276
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Real Experts shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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