Mexico Beach Homes under $500,000

Mexico Beach Homes under $500,000

Welcome to Mexico Beach, Florida – a hidden gem nestled along the beautiful Gulf Coast! This charming coastal town, located in Franklin County, offers a serene escape with its stunning white sandy beaches and crystal-clear waters. Known for its laid-back atmosphere and friendly community, Mexico Beach is perfect for those seeking a tranquil lifestyle while still being close to the vibrant attractions of the Florida Panhandle.

With a population of just over 1,000 residents, Mexico Beach boasts a tight-knit community where neighbors become friends. The town is renowned for its outdoor activities, from fishing and boating to kayaking and beachcombing. Whether you're enjoying a sunset stroll along the shore or indulging in fresh seafood at local eateries, you'll discover that life here is all about savoring the simple pleasures.

For homebuyers seeking affordable options, Mexico Beach offers a variety of charming homes under $500,000. From cozy beach cottages to modern single-family residences, there’s something for everyone. These properties not only provide a perfect getaway but also present a fantastic investment opportunity in a thriving area. Imagine waking up to the sound of waves and the scent of salt in the air, all while being just a short drive from bustling cities like Panama City and Apalachicola.

Whether you’re looking for a vacation home, a rental investment, or a place to settle down, Mexico Beach is a captivating destination that promises a life filled with sunshine, community, and endless coastal adventures. Come explore the possibilities and make this enchanting town your new home!

Newest Mexico Beach Homes under $500,000

1302 Hwy 98 Unit 1k, Mexico Beach
$410,000
3 Beds ⋅ 2 Baths ⋅ 329647 MLS ⋅ Club At Mexico Beach 1k Forgotten Cove BLDG.
STEPS TO SAND!! Your Gulf views await at this 3 bedroom/2 bath condo at The Club at Mexico Beach with the beach right across the street. Start your morning with coffee on the covered deck, listening to the waves & taking in unobstructed Gulf views. When it's time to head to the water, beach access is about 100 steps away. Inside, the open kitchen, dining & living area brings everyone together for easy meals, conversation & downtime. The living area opens directly to the deck, so Gulf views remain part of the day whether you're relaxing indoors or dining outside. A split floor plan places two guest bedrooms on one side of the condo, giving family & friends room to settle in. The spacious primary bedroom is a private retreat with beach views, direct access to the covered deck & a large bath with a soaking tub. The first-floor location & community elevator add convenience when arriving with luggage or returning from the beach. The Club offers more ways to enjoy time outdoors, including a community pool, hot tub, poolside seating & dining areas, charcoal grill & outdoor showers for rinsing off after the beach. Spend the afternoon by the pool, walk across the street for a sunset on the sand or head out to explore Mexico Beach's local shops & seafood restaurants. The Mexico Beach boat ramp is approximately two miles away, putting a day on the water within easy reach. With Gulf views from the deck, a practical three-bedroom layout & beach access so close to home, Unit 1K makes coastal living feel wonderfully simple. Call for your private tour & LIVE THE BEACH LIFE!

1302 Hwy 98 Unit 1k, Mexico Beach
1302 Hwy 98 Unit 2q, Mexico Beach
$420,000
3 Beds ⋅ 2 Baths ⋅ 329629 MLS
Looking for a smart investment, a weekend escape or the full time coastal lifestyle? Welcome to "The Club at Mexico Beach", where simplicity meets Gulf Coast Charm. Location truly sets this property apart. Walkable living with boutiques, coffee shop, local seafood, restaurants and marina access. The complex has dedicated beach walking path so you are steps away from pristine white sands and the Old-Florida feel of uncrowded beaches. Close proximity to Tyndall Air Force Base and Port St Joe. Mexico Beach is thriving with new restaurants and a local owned grocery store set to be completed in 2026. Fully furnished condo offers bright coastal design, an open living area, modern finishes and a private balcony with Gulf Views. Primary bedroom has balcony access. Primary bath has dual vanities, separate shower, soaking tub and large walk in closet. Kitchen has breakfast bar, newer dishwasher and refrigerator. Owners lock-out closet. Turn-key ready for comfort, convenience and coastal inspiration. Step out the front door and overlook the tranquil community pool. Looking to add to your investment portfolio? Rental income potential in a market where STR are in high demand, year round, for people seeking a casual and authentic beach experience with the small town feel. Seller offers buyer a $5,000 decor allowance, payable at closing.

1302 Hwy 98 Unit 2q, Mexico Beach
409 Florida Ave, Mexico Beach
$429,000
3 Beds ⋅ 2 Baths ⋅ 329582 MLS
BEACH RETREAT!! Feel the Gulf breeze & embrace the laid-back Mexico Beach lifestyle at 409 Florida Ave! Located just a couple of blocks from the sugar-white sand & beautiful Gulf waters, this furnished 3 bedroom/2 bath beach house offers the perfect combination of coastal comfort, convenience & easy living. Whether you're searching for a full-time residence, weekend getaway or investment property, this inviting home puts you close to everything that makes Mexico Beach such a special place. The property is situated in the coveted X Flood Zone, meaning flood insurance is not required and a great savings. Step inside to a bright, welcoming interior filled with thoughtful details that give the home warmth & character. An entry foyer welcomes you inside, while crown molding, built-in bookcases & comfortable furnishings create a relaxed coastal atmosphere. The thoughtful floor plan provides plenty of room for family & guests while maintaining comfortable spaces to gather, unwind & enjoy time together. The home is being offered furnished, including a fully stocked kitchen, making it easy to begin enjoying your beach retreat from day one. Outdoor living is where this property really shines. The easy-care yard features manicured spaces designed for enjoying Florida's sunshine without spending every weekend on yardwork. Gather with friends around the outdoor bar, catch the game on the outdoor TV, grill the day's fresh catch or simply find a comfortable spot to relax after a day at the beach. There's plenty of room for casual coastal entertaining, morning coffee in the fresh air or evenings spent under the stars. With the beach just minutes away, mornings can begin with a walk along the shoreline & afternoons can be spent swimming, shelling, paddleboarding or simply relaxing with your toes in the sugar-white sand. When evening arrives, gather with family & friends for a sunset stroll or beach bonfire before heading home to your own private retreat. Fishing enthusiasts will appreciate the endless opportunities to enjoy the Gulf waters, whether casting a line from shore or heading out for a day on the water. The location also puts you near local restaurants, community events, live music, fishing tournaments & the relaxed small-town atmosphere that continues to make Mexico Beach such a special coastal destination. Grab fresh local seafood, spend the day exploring the surrounding area or simply settle into the slower pace of beach-town living. Comfortable, furnished & wonderfully located, 409 Florida Ave offers an exciting opportunity to enjoy Mexico Beach as a primary residence, personal coastal escape or investment property. With its desirable X Flood Zone location, inviting interior, entertaining-friendly outdoor spaces & close proximity to the Gulf, this beach house is ready for its next chapter. Imagine mornings by the water, sunny afternoons at the beach & evenings spent making memories with the people you love most. Call for your private tour!

409 Florida Ave, Mexico Beach
412 Arizona Dr, Mexico Beach
$475,000
3 Beds ⋅ 2 Baths ⋅ 329541 MLS
Welcome to 412 Arizona Dr, a 3BR/2BA octagonal home sitting on a quarter-acre lot in Mexico Beach, just an eight-minute walk from the white sand, in FLOOD ZONE X, where no flood insurance is required. Built in 2006 on a slab foundation with vinyl siding and a shingle roof, the home was remodeled after Hurricane Michael, with a new roof, a new HVAC unit in 2022, impact windows throughout, copper plumbing water lines, and fresh paint inside and out in 2023, so the big-ticket items and the insurance concerns are already handled. Entering the home, you will notice the custom hardwood, solid wood doors, and recessed lighting that carry through the entire house, along with the octagonal design that opens the living space up in a way a standard home cannot. The living room stretches a full 31 feet with a gas fireplace anchoring the room, and the dining room sits just off of it behind a set of French doors. The home offers the option of two master bedrooms, both with walk-in closets, giving you flexibility for guests, a home office, or a rental setup, and a separate laundry room with large closets keeps the storage problem solved. Upstairs is a 300-square-foot loft, perfect for a bunk area, a playroom, or a quiet place to work. Outside, the finished 624sqft two car garage and the 20x40 driveway handle six vehicles, with additional open parking for a golf cart, and the 200-square-foot screened back patio overlooks a fenced yard landscaped with palms. There is no HOA, and short-term rentals are allowed. Call today for a showing!

412 Arizona Dr, Mexico Beach
3606 Hwy 98, Unit 204, Mexico Beach
$480,000
2 Beds ⋅ 2 Baths ⋅ 329449 MLS
Your opportunity has arrived! Embrace the Florida lifestyle by owning a stunning, 2nd-story condo minutes from the beach. Kitchen and bathroom cabinetry, granite countertops, appliances, and carpet have been recently replaced. Dock your watercraft just steps away with a personal boat slip, #11, on the canal. The timing is great if you're looking for a short-term rental. This 2BR/2BA unit, with built-in bunkbeds, provides low maintenance ownership. The Tranquil Harbour condo is completely furnished and ready to be put on the market for bookings. Owners and guests will love the proximity to the pool, hot tub, fitness room, and grilling area.

3606 Hwy 98, Unit 204, Mexico Beach
3300 Hwy 98, Unit 109, Mexico Beach
$349,900
2 Beds ⋅ 2 Baths ⋅ 329439 MLS ⋅ Once Upon A Tide BLDG.
Positioned on the first floor of Waterside Village, this well-appointed 2-bedroom, 2-bath condo offers an appealing combination of coastal convenience, resort-style amenities, and proven income potential. The open living and dining area creates an inviting gathering space with direct access to the private balcony, providing an easy transition to outdoor living. Its location within the community is especially desirable—close to the dog-walking area and just a short stroll to the pool, yet tucked far enough away to enjoy peaceful mornings and relaxed evenings on the balcony. The community boasts one of Mexico Beach's most impressive pools, complete with a spillover spa/hot tub, creating a true vacation-resort atmosphere. Situated along the canal, Waterside Village also offers day-docking options, making it convenient for those looking to enjoy the area's exceptional boating and fishing opportunities. The spacious primary suite features a large en suite bath with double vanities and a generous walk-in closet, creating a comfortable private retreat. The second bedroom is designed with vacation guests in mind, offering two sets of bunk beds to maximize sleeping capacity and rental appeal. Thoughtfully furnished for guests, the condo also includes a beach wagon, pack-and-play, and high chair—practical extras that add convenience for families and help make this a turnkey vacation destination. Whether you're searching for a coastal getaway, an income-producing investment, or a combination of both, this Waterside Village condo offers a compelling opportunity in a highly desirable Mexico Beach setting.

3300 Hwy 98, Unit 109, Mexico Beach
1005 Cypress Ln Unit Unit B, Mexico Beach
$340,000
2 Beds ⋅ 2 Baths ⋅ 329338 MLS
ASSUMABLE 2.25% INTEREST RATE LOAN AND FURNISHED! Welcome to 1005B Cypress Lane, a 2BR/2BA home at the end of a quiet, private dead-end street in the heart of Mexico Beach. With 1,120 square feet of living space, this home has been renovated Post-Michael and has a great layout, with an open living and dining area filled with natural light and a kitchen featuring stainless steel appliances and a gas range. The primary suite opens directly onto the screened porch, making it easy to enjoy the breeze without ever leaving your bedroom. The guest bedroom and full bath give family or visitors a comfortable space of their own. Outside is where this property really shines, with the fenced backyard featuring a screened porch, a shaded pergola swing, a patio perfect for gathering, a private outdoor shower for rinsing off after the beach, raised garden beds, and a 12x24 air-conditioned storage shed that is ideal for tools, gear, or a workshop. With an oversized driveway accommodating up to three vehicles, no HOA, and furnishings negotiable, this home works equally well as a full-time residence or vacation getaway. The Gulf is just minutes away, and the privacy of Cypress Lane makes this one a rare find in Mexico Beach. Check out the virtual tour!

1005 Cypress Ln Unit Unit B, Mexico Beach
1004 15th St Unit 4, Mexico Beach
$258,000
2 Beds ⋅ 2 Baths ⋅ 329279 MLS
Your place at the beach may be more attainable than you think! Welcome to Unit 4 in Sea Pines, a 2-bedroom, 2-bath townhouse tucked away just off 15th Street in Mexico Beach and approximately half a mile from the sugar-white sands of the Gulf. With 950 heated and cooled square feet, this easy-to-maintain coastal home offers a comfortable layout with plenty of natural light, two bedrooms, two full baths and an oversized laundry/utility room. The kitchen features generous cabinet, granite counters along with a breakfast bar that opens to the living area. Out back, a private patio and partially fenced outdoor space provide a spot to enjoy the Florida sunshine or unwind after a day at the beach. One of the best perks of Sea Pines is the community pool--enjoy the benefits of having a pool without having to maintain one yourself. Trash service is also included in the HOA dues. And then there's the location. From here, you're minutes from the beach, Mexico Beach Market, local restaurants, coffee shops, fishing, boating and everything that makes this laid-back coastal community special. The property boasts a proven long-term rental history at $1,395 per month, offering buyers an income-producing coastal property option. Short-term vacation rentals are not permitted in Sea Pines; only long-term rentals are allowed. Based on the property's rental history, new owners have an opportunity to adjust the rental rate to reflect current market conditions. Built in 2005, Unit 4 offers flexibility as a primary residence, second home or long-term rental investment. Whether you're looking for your own place near the Gulf or a low-maintenance property with income potential, Sea Pines puts the Mexico Beach lifestyle within easy reach.

1004 15th St Unit 4, Mexico Beach
412 California Dr, Mexico Beach
$420,000
2 Beds ⋅ 2 Baths ⋅ 329148 MLS
TWO FOR THE PRICE OF ONE! This property is equal parts investment and enjoyment. Welcome to 412 California Avenue--a rare opportunity in the heart of Mexico Beach offering two completely separate living spaces under one roof. Whether you're looking for a primary residence with rental income, a beach retreat for extended family, or an investment property with short or long-term rental potential, this one checks all the boxes. A local vacation rental management company conservatively estimates average annual gross rental income at approximately $15,000 for the combined units. On the long-term rental market, each unit can command approximately $1,400/month. Located in desirable Flood Zone X--where flood insurance is not typically required by lenders--this home features a fully equipped upper residence with an open-concept living area, kitchen, spacious bedroom, full bath and soaring wood-accented ceilings that create a warm coastal retreat. The lower level is completely independent with its own private entrance, kitchenette, living area, bedroom and full bath, making it ideal for guests, multi-generational living or generating rental income while maintaining privacy for everyone. Outside, the Mexico Beach lifestyle truly comes to life. Start your mornings with coffee on the expansive upper deck, spend afternoons relaxing beneath the covered patio, and enjoy the beautifully landscaped yard filled with mature palms and plenty of room to entertain. The detached shed/workshop provides exceptional storage for beach gear, fishing equipment and all the toys that come with living at the beach. Best of all, you're just a short golf cart ride or bike ride from Mexico Beach's sugar-white sand, Gulf waters, locally owned restaurants, marina, parks and unforgettable sunsets. Being sold mostly furnished, this is a turnkey opportunity to begin enjoying the Forgotten Coast lifestyle from day one--whether you're moving in full-time, creating a family beach getaway or adding a versatile income-producing property to your portfolio.

412 California Dr, Mexico Beach
1120 15th St Unit 3-b, Mexico Beach
$210,000
2 Beds ⋅ 2 Baths ⋅ 329038 MLS
Welcome to 1120 15th Street, Unit 3B, a bright and inviting condo offering comfortable coastal living in the heart of Mexico Beach. The open-concept living, dining, and kitchen areas are filled with natural light and feature wood-look flooring, and an easy flow for everyday living or entertaining. The kitchen offers white cabinetry, dark countertops, a breakfast bar, and generous workspace, while the adjoining living and dining areas provide flexible space for relaxing, hosting guests, or enjoying meals together. A convenient in-unit laundry closet with a stacked washer and dryer adds everyday functionality. Both bedrooms feature ceiling fans and direct access to a covered balcony, creating a peaceful indoor-outdoor connection. The spacious primary suite includes a private bathroom with ample vanity storage and an updated tiled tub and shower surround. A second full bathroom serves the guest bedroom and main living area. Step outside to the covered balcony and enjoy elevated views of the surrounding trees and natural landscape—a relaxing setting for morning coffee or unwinding after a day at the beach. Conveniently located near the Gulf, local restaurants, shopping, boating, and everything Mexico Beach has to offer, this condo is well suited as a full-time residence, coastal getaway, or investment property.

1120 15th St Unit 3-b, Mexico Beach
111 Ocean View Dr, Mexico Beach
$415,000
2 Beds ⋅ 2 Baths ⋅ 329028 MLS
Escape to the coast in this inviting 2-bedroom, 2-bath retreat situated just steps from the pristine shoreline of Mexico Beach. Designed for effortless coastal living, this home blends everyday practicality with laid-back beachside charm. Inside, natural light fills the open kitchen and living area, creating a warm space that flows directly onto a cozy back deck—perfect for slow mornings or winding down after a day in the sun. With two full bedrooms and baths, this builder owned house provides plenty of room for family and visitors, while the home's low-maintenance design takes the stress out of ownership. Situated just across the street, 111 Ocean View Dr offers a short, effortless stroll to the white sands and sparkling waters of Mexico Beach. Complete with an extended driveway for extra guest parking, this property offers an exceptional opportunity whether you're seeking a short-term rental powerhouse, an investment property, or your own slice of paradise.

111 Ocean View Dr, Mexico Beach
402 Georgia Ave, Mexico Beach
$399,000
3 Beds ⋅ 2 Baths ⋅ 328962 MLS
Discover the possibilities this exceptional 150' x 200' double-lot property has to offer in the heart of Mexico Beach. Located approximately 1/4 mile from public beach access, this Residential General (RG) zoned property is situated in the desirable X Flood Zone, allows short-term rentals, and has no HOA fees, making it an excellent opportunity for a vacation getaway, investment property, or future development. The property currently features a fully furnished mobile home that successfully withstood Hurricane Michael and is presently being used as a short-term rental. While the home could benefit from a little TLC, it offers immediate income-producing potential with opportunities for future improvements. The home is being sold as-is, with the seller making no repairs. One of the property's most unique features is its future development potential. Subject to prior approval from the City of Mexico Beach and all applicable regulations, if the existing structure is removed, the property may be divided back into its two original platted lots, each measuring approximately 75' x 100'. Whether you're looking for a rental investment, a beach getaway, or a property with long-term development flexibility, this offering presents opportunities that are becoming increasingly difficult to find in Mexico Beach. All information is believed to be accurate but should be independently verified by the buyer and buyer's agent during the due diligence period.

402 Georgia Ave, Mexico Beach
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