2503 Hwy 98 , Unit C

Mexico Beach

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. Seize this rare chance to craft a coastal haven with Contact Information: For more details or to schedule a viewing, please contact Matt Wright at 850-227-8276.

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