The 4th of July Fireworks were a spectacular site during this year’s Independence Day celebration in Mexico Beach, Florida! Highway 98 and the sparkling shoreline were lined with people and cars from all over who came to enjoy the beauty and unique atmosphere Mexico Beach has to offer. As the sun set over the water, there was a buzz of anticipation in the air, the stars came out, and were met with glorious explosions of color in the sky! For nearly forty minutes, the coastline flashed with brillant lights and flares, as The American flag was proudly flown throughout the town and along the beach. Yes, the spirit of America could be felt in a strong way this 4th of July, just as this Mexico Beach Real Estate Market Continues to Soar!
There was a similiar explosion of Real Estate Sales in Mexico Beach during the month of June. The Mexico Beach area, St. Joe Beach area, and Windmark Beach area saw 34 properties SOLD during the month of June! There were 15 Mexico Beach homes sold, four of which were canal front condos! Additionally, there were 8 Mexico Beach properties (vacant lots), 8 St. Joe Beach homes, 1 St. Joe Beach property (vacant lot), and 2 Windmark Beach properties (vacant lots) SOLD! Adding to the excitement, 14 of these purchases were made with CASH!
Equally as exciting are the great current loan rates! At the moment, the 30-year fixed rate is @ 4.25%, and the 15-year fixed rate is @ 3.25%!
Let’s talk more about some of those great canal front condos that sold last month. This gem is a 2 Bedroom, 1 1/2 Bathroom unit which came fully furnished and is only a 1/2 block to the white sand beach. Though the asking price on this fabulous condo was $275,000, the new owner got a great deal at $250,000! To punctuate the great deal this was, consider that this same unit sold for $320,000 in 2002!
Another Canal Front Condo which sold in June was this awesome 2 Bedroom, 2 Bathroom unit in Tranquil Harbor. Although the original list price for this unit was $235,000, the CASH buyer purchased this seaside escape for only $195,000! Tranquil Harbor offers a number of amenities in addition to its private boat slip, such as the community pool, hot tub, workout room, and covered parking. It’s a great set up here!
This area has more than great Canal Front condos, though. For example, this income property is a great option for the investor who wants to enjoy his beach property while generating a cash flow! The 6 bedroom, 3 bathroom triplex is only steps from the beach and sure to bring a steady flow of year-round vacation renters. The asking price for this amazing investment opportunity was $499,000, but the CASH buyer paid only $450,000! That is a hard price to beat for any Gulf View property of this size.
A more conventional family home is this 3 Bedroom, 1 Bathroom beach bungalow located only 1 block from the beach. This home was a fantastic deal, and the CASH buyer recognized that. The property was sold for only $218,825 after being on the market for only 4 days! The buyer could see the great deal he was getting, as this same home sold for $285,000 in 2004! Plenty of shade surrounding the home helps keep cooling costs down, while the sun deck offers a private space to do some sun bathing. Lots of parking and a location close to the city park and tennis and basketball courts make this a wonderful family retreat.
For those looking to build, we have lots of vacant lots available in Mexico Beach. This lot just sold for only $49,500! The Mexico Beach homesite is located near the stores, shopping, restaruants, and beach! The bargain being made on this lot was quickly recognized, as the lot, which sold for $122,000 in 2004, was on the market for only 1 day!
For the buyer looking to build in more privacy, this next property will make you smile. The 0.32 acre lot is located in the secluded and pristigeous Windmark Beach community. The lot is located directly across the street from the Beach Club Pool of Phase I, and only a stone’s throw away from the pristine waters of St. Joseph Bay. The lot, which sold in 2002 for $275,000, just sold for only $80,050 after being on the market for a mere 42 days!
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