# 932 15th Street, Mexico Beach, FL 32456 > **TL;DR:** commercial, $2,275,000. Est. $12,168/mo. Listed 128 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,275,000 | | Lot Size | 270,072 sqft (6.20 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 128 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $11,504 | | Estimated Insurance | $664 | | **Total** | **$12,168** | ## Property Highlights - 6.20 acre lot ## Description ### Agent Description This 6.22-acre Development Opportunity ''Forgotten Coast Villas'' in Mexico Beach, Florida, is a rare find that combines a prime location, comprehensive development plans, and significant investment potential. With the beach just half a mile away and all the groundwork already laid for a 39-unit complex, you have the chance to create a thriving community in one of Florida's most beautiful coastal towns. One of the standout features of this development opportunity is the comprehensive engineering plans already in place. These plans have been meticulously crafted to ensure a smooth development process, saving time and resources for the new owner. The renderings included in the photos section showcase the envisioned 39-unit complex, complete with seven beautifully designed buildings with mixtures of 1BR, 2BR, 3BR and 4BR units, and a community clubhouse featuring a pool. Each unit comes with its own address and individual parcel number, allowing for straightforward ownership and management. This property is not just a piece of land; it's a fully prepared development opportunity. With all necessary documents and plans recorded, you can hit the ground running. Known for its beautiful white sandy beaches and crystal-clear waters, Mexico Beach is a desirable destination for those looking to escape the hustle and bustle of city life. The area is increasingly popular among tourists, making it an ideal spot for a residential complex that caters to both long-term residents and seasonal visitors. ## Location - **Address:** 932 15th Street, Mexico Beach, FL 32456 - **County:** Bay - **Neighborhood:** No Named Subdivision - **Coordinates:** 29.943872, -85.396155 - **Google Maps:** https://www.google.com/maps?q=29.943872,-85.396155 ## Listing Agent - **Name:** Carol E Erwin · **License:** 3079585 - **Brokerage:** Forgotten Coast Realty of NW Florida - **Broker Phone:** (850) 648-3000 ## Photos ![932 15th Street - Photo 1](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f1968424458r.jpg) ![932 15th Street - Photo 2](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f3245421709r.jpg) ![932 15th Street - Photo 3](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f2382337339r.jpg) ![932 15th Street - Photo 4](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f2788715031r.jpg) ![932 15th Street - Photo 5](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f4053779086r.jpg) ![932 15th Street - Photo 6](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f1686179839r.jpg) ![932 15th Street - Photo 7](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f72832329r.jpg) ![932 15th Street - Photo 8](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f2584513244r.jpg) ![932 15th Street - Photo 9](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f1356559582r.jpg) ![932 15th Street - Photo 10](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f1768477425r.jpg) ![932 15th Street - Photo 11](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f4131704106r.jpg) ![932 15th Street - Photo 12](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f1748828743r.jpg) ![932 15th Street - Photo 13](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f3319718303r.jpg) ![932 15th Street - Photo 14](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f3726023263r.jpg) ![932 15th Street - Photo 15](http://lh.rdcpix.com/d662888bbef49b1bb31733d45be10c63l-f1574971979r.jpg) --- **MLS#:** 791994 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/932-15th-street-mexico-beach-fl-32456-16ec632f97064294a403a0fffd9a8600) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/932-15th-street-mexico-beach-fl-32456-16ec632f97064294a403a0fffd9a8600#listing", "url": "https://staging.propertysimple.ai/listing/932-15th-street-mexico-beach-fl-32456-16ec632f97064294a403a0fffd9a8600", "name": "932 15th Street, Mexico Beach, FL 32456", "description": "This 6.22-acre Development Opportunity ''Forgotten Coast Villas'' in Mexico Beach, Florida, is a rare find that combines a prime location, comprehensive development plans, and significant investment potential. 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Known for its beautiful white sandy beaches and crystal-clear waters, Mexico Beach is a desirable destination for those looking to escape the hustle and bustle of city life. 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