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782 Water St, Biloxi, MS, 39530

$1,375,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
6 Full Baths, 1 Partial
3,400 SqFt
$404/SqFt
Multi

Location

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782 Water St, Biloxi$1,375,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingConcrete Drive, Driveway (Rear Entrance), Concrete, Parking Lot
Year BuiltNew Const., 1846
HeatingCentral, Electric
CoolingCentral Air, Electric, Wall Unit(s)
WaterfrontSee Remarks
FireplaceDecorative, Living Room
MLS #4096974
Lot Size0.26 Acres
StatusActive

About 782 Water St

Introducing Scherer House (Spanish House), a luxury income-producing multi-unit property offering turnkey Airbnb opportunities in the heart of Downtown Biloxi's sought-after Golf Cart District. Originally constructed in the 1700's, this historical gem has been meticulously renovated from top to bottom, blending timeless charm with modern luxury. Key Features - LUXURY MULTI-UNIT PROPERTY: Fully furnished, each unit boasts modern interiors with quartz countertops, high-end appliances, and stackable washers/dryers. MODERNIZED INFRASTRUCTURE: Updated to 2021 commercial fire and building codes, new certificate of occupancy, including new electrical, HVAC systems, roofing, flooring, and sound suppression systems in walls and floors. STATE-OF-THE-ART SECURITY: Equipped with a 360 degree HD camera system and digital locks for tenant safety and peace of mind. ARCHITECTURAL HIGHLIGHTS: Features include iron staircase, four fireplaces, code-compliant windows, and thoughtful restoration of historic details. PRIME LOCATION: Situated within walking distance of Iconic Gulf Coast restaurants like Mary Mahoney's, nightlife and entertainment at Hard Rock Casino and Beau Rivage, MGM Park for professional baseball and concerts, pristine beaches and the vibrant Ground Zero Nightclub. INVESTMENT POTENTIAL: TURNKEY INCOME: Seamless tenant flow with proven Airbnb success. EXPANSION OPPORTUNITIES: Potential to add additional units on the rear of the property for increased financial incentives. CORPORATE RENTAL POTENTIAL: Ideal for conversion to long-term corporate rentals. A UNIQUE OPPORTUNITY. With its unbeatable combination of historical significance, luxury amenities, and development potential, 782 Water Street represents an unparalleled investment opportunity. Whether you're expanding your portfolio, seeking a high-return 1031 exchange, or envisioning a corporate rental hub, the possibilities are endless. Schedule your tour today to explore this one-of-a-kind property and secure your place in Biloxi's thriving market.

Property Details

Property Features

Property Information:

  • Architectural Style: Greek Revival, Mediterranean/Spanish
  • Year Built: 1846
  • Stories: 2
  • Living Area: 3,400 SqFt

Listing Office:

  • Office Name: Blaine & Co., LLC
  • Office Phone: (228) 861-5830
  • Listing Agent: Matthew A Blaine, David L Blaine

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Range Hood, Refrigerator, Other, Tankless Water Heater, Washer/Dryer Stacked, Gas Water Heater, Range, Dryer, Vented Exhaust Fan, Washer, Microwave
  • Flooring Type: Vinyl, Tile
  • Interior: Ceiling Fan(s), Crown Molding, Eat-in Kitchen, High Speed Internet, Open Floorplan, Stone Counters
  • Fireplace: Decorative, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: See Remarks
  • Exterior: Balcony, Lighting

Parking Information:

  • Attached Garage: No
  • Parking: Concrete Drive, Driveway (Rear Entrance), Concrete, Parking Lot

Lot Features

Lot Information:

  • Lot: City Lot, Landscaped, Near Golf Course
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric, Wall Unit(s)

Other

Directions Information:

  • Directions: Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoneys

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,375,000
  • Price Per SqFt: $404/SqFt

Tax Information:

  • Annual Amount: $173
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Biloxi, MS.

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Biloxi, MS

City

Med. List Price

$266.5K

Med. Price/SqFt

$145

Avg. Days On Market

112

# of Sold Homes

50

782 Water St vs Biloxi

43 DAYS ON ROCKET

-69 Days

$1,375,000

+$1.1M More

$404/SqFt

+$258 More

KEY TAKEAWAY

This property is $1.1M more than the Median List Price and $258/SqFt more than other homes in Biloxi, MS.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS United
  • MLS Number: #4096974

Listing Office:

  • Office Name: Blaine & Co., LLC
  • Office Phone: (228) 861-5830
  • Listing Agent: Matthew A Blaine, David L Blaine

Information is deemed to be reliable but not guaranteed. Copyright 2024, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/30/2024, 11:56:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2019$173$1,577
2018$2,663$24,590
2017$2,702$24,590

History based on county public records data.

Payment Calculator

$6,930

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,189

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

We're sorry, we currently don't have elementary school data for this listing.

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,714. The most common annual income of people living in Biloxi, MS is less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Biloxi, MS

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Biloxi, MS?

The housing landscape in Biloxi is diverse, with a mix of single-family homes, apartments, and townhouses to accommodate a range of preferences. Architectural styles vary, with a notable presence of coastal and traditional designs that reflect the city's history and geographical setting. The market is primarily composed of single-family homes, with a significant portion of residences constructed in the late 20th century. The homeownership rate in Biloxi is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.

What are the advantages of living in Biloxi, MS?

Biloxi is celebrated for its rich cultural heritage and coastal charm. The community prides itself on its vibrant arts scene, historical landmarks, and the annual Mississippi Coast Coliseum Crawfish Music Festival, which showcases the region's musical talent and culinary delights. The city's character is further defined by its scenic beachfront and the warmth of its residents, creating a welcoming atmosphere for both visitors and locals alike.

Are essential services in Biloxi, MS convenient?

Biloxi offers a comprehensive array of services to its residents. The educational landscape includes several public schools at the elementary, middle, and high school levels, as well as private educational options. Healthcare is well-supported with local hospitals and clinics providing a range of services from primary care to specialized treatments. The city also boasts a public library system that serves as a resource for learning and community engagement. Retail and dining establishments are plentiful, with many reflecting the local seafood culture and Southern hospitality.

How do Biloxi, MS residents get around?

Transportation in Biloxi is facilitated by a network of roads and highways, including the nearby Interstate 10, which provides efficient travel and commuting options. Public transit services are available, offering routes that connect key areas of the city. The community's walkability varies by neighborhood, with the downtown area being particularly pedestrian-friendly. Bike paths and lanes are also present, encouraging alternative modes of transportation. While specific ride-sharing services are operational in Biloxi, their availability may differ throughout the city.

Rocket Homes›Mississippi›Harrison County›Biloxi›39530›782 Water St

This home is located at 782 Water St in Biloxi, MS and zip code 39530. This 3,400 square foot home, which was built in 1846, sits on a 0.26 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $1,375,000.

The number of listings in Biloxi, MS increased by 1.3% between October 2024 and November 2024. In November 2024, listings were on the market for 112 days. During the same period, the median list price in this real estate market was $266,500.

From Rocket Homes Real Estate and based on county public records data.

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