NOT LISTED FOR SALE

782 Water St Biloxi, MS 39530

Estimated Value: $1,253,000 - $1,423,000

8 Beds
7 Baths
3,400 Sq Ft
$397/Sq Ft Est. Value

About This Home

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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2018
Sold by
Collins Daniel G and Collins Joseph O
Bought by
Register Laken E and Register Hallee R
Current Estimated Value
$1,350,000
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Register Laken E -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 For Sale $1,375,000 -- $404 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,586 $50,430 $0 $0
2023 $3,123 $28,449 $0 $0
2022 $3,123 $28,449 $0 $0
2021 $3,123 $28,449 $0 $0
2020 $2,663 $24,230 $0 $0
2019 $2,663 $24,230 $0 $0
2018 $2,702 $24,590 $0 $0
2017 $2,702 $24,590 $0 $0
2015 $2,494 $22,695 $0 $0
2014 -- $25,197 $0 $0
2013 -- $22,695 $3,754 $18,940
Source: Public Records

Agents Affiliated with this Home

  • Matt Blaine

    Seller's Agent in 2024

    Matt Blaine

    Blaine & Co., LLC

    (228) 861-6449

    34 in this area

    75 Total Sales

    Matt Blaine
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    David Blaine

    Blaine & Co., LLC

    (228) 861-5830

    32 in this area

    80 Total Sales

    David Blaine
    Section Image
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Map

Mississippi Harrison County Biloxi 39530

782 Water St, Biloxi, MS

This home is located at 782 Water St, Biloxi, MS 39530 and is currently estimated at $1,350,000, approximately $397 per square foot. 782 Water St is a home located in Harrison County with nearby schools including Gorenflo Elementary School, Biloxi Junior High School, and Biloxi High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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