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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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111 S 31st Street A & B , Mexico Beach, FL 32456
$3,599,000
Est. Payment: $18,251.55/mo
12 Bed
14 Bath
7514 Sqft
Status: active | Days on site: 113
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Investment Opportunity! Established Rental Income! Rent ready gem, luxury duplex, fully furnished & equipped to attract vacationers looking for a memorable stay in Mexico Beach. Total of 12 en-suite bedrooms, along with two half baths and two bunk rooms, the property can comfortably host large groups, making it a lucrative investment in Florida's thriving rental market. This stunning luxury duplex in Mexico Beach, FL, is more than just a home; it's a gateway to creating unforgettable memories with family and friends. With its prime location, luxurious amenities, and versatile living options, it stands out as an exceptional opportunity for anyone seeking a slice of paradise. Whether you envision it as your dream home, a vacation getaway, or a profitable investment, this property is ready to welcome you to the best of beachside living. Each Side - Level 1: The first level greets you with a spacious foyer & a convenient half bath, setting the tone for the elegance that follows. Level 2: Ascend to the second level, where you'll find a spacious living-dining-kitchen area adorned with designer furniture. The gourmet kitchen features granite countertops, stainless steel appliances, a stylish backsplash, and exquisite wood cabinets, along with a charming farm sink. This level also includes a cozy bedroom with an en-suite bath, a powder room, & a laundry area. A covered porch provides stunning views of the beach and is the perfect spot for sunset watching. Level 3: On the third level, three additional bedrooms with en-suite baths ensure privacy and comfort for family members or guests. A covered porch offers a private escape to catch the refreshing Gulf breeze, making this level a perfect retreat after a day of beach fun. Level 4: Family Fun Zone The fourth level is dedicated to recreation, featuring a family area perfect for kids, along with two more bedrooms. One of these bedrooms is a fun haven, equipped with three sets of twin bunk. Enjoy the heated cocktail pool, a putting green & covered patio.

Highlights

Listed by Carol E Erwin , 850-819-1205 Forgotten Coast Realty of NW Florida LLC , 850-648-3000. Bay County Association of REALTORS

Property Type

Condo/Townhome

Lot/Acreage
0.17

Year Built

2023

County

Bay

Area

05 - Bay County - East

Neighborhood

No Named Subdivision

Listing ID

785196

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:14
  • Full Bathrooms:12
  • 1/2 Bathrooms:2
Appliances:Electric Cooktop, Electric Range, Electric Water Heater
Air Cond:Central Air,Ceiling Fan(s)
Fireplaces:
Other:
  • Additional:Double Vanity

Exterior Features

Lot:Paved
Lot Dimensions:72 x 106
Zoning:City
Roof:Metal
Others:
  • Additional:Outdoor Shower
Sewer:Public Sewer
Principal Interest
$18,252
Taxes
$2,294

Home Price

$3,599,000

Loan Details

30 yrs
6.528%

Down Payment

20%
$719,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$18,251.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $18,251.55 $2,294.36 $0.00 $20,545.92
Yearly $219,018.64 $27,532.35 $0.00 $246,550.99
Total $6,570,559.11 $825,970.50 $0.00 $7,396,529.61

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Mexico Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS