$1,375,000

782 Water St Biloxi, MS 39530

Estimated payment $7,854/month

Total Views 12,791
8 Beds
6.5 Baths
3,400 Sq Ft
$404 Price per Sq Ft

Highlights

  • Boating
  • Newly Remodeled
  • Property is near a beach
  • Biloxi Junior High School Rated A
  • Fishing
  • 4-minute walk to Biloxi Town Green

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.

Listing Agent

Matt Blaine

Blaine & Co., LLC License #B20768 Listed on: 11/18/2024

Co-Listing Agent

David Blaine

Blaine & Co., LLC License #B20507

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,123

Year Built

  • Built in 1846 | Newly Remodeled

Lot Details

  • 0.26 Acre Lot
  • Landscaped

Home Design

  • Greek Revival Architecture
  • Mediterranean Architecture
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Siding
  • HardiePlank Type
  • Plaster

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Decorative Fireplace
  • Living Room with Fireplace
  • Combination Kitchen and Living

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Quartz Countertops

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Freestanding Bathtub
  • Multiple Shower Heads
  • Separate Shower

Laundry

  • Laundry on lower level
  • Stacked Washer and Dryer

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System
  • Firewall

Parking

  • Driveway
  • Parking Lot

Outdoor Features

  • Property is near a beach
  • Balcony
  • Exterior Lighting

Location

  • Property is near a golf course
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1410k-03-106.000 And 1410k-03-106.001

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Metes And Bounds Subdivision

Amenities

  • Restaurant

Recreation

  • Boating
  • Fishing

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,123

Year Built

Built in 1846 | Newly Remodeled

Lot Details

0

Listing Details

  • Architectural Style: Greek Revival, Mediterranean/Spanish
  • Unit Levels: Two
  • Prop. Type: Residential Income
  • Structure Type: Multi Family
  • Year Built: 1846
  • Lot Size Acres: 0.26
  • Co List Office Mls Id: mgc.ofc1312
  • Co List Office Phone: 228-861-5830
  • Subdivision Name: Metes And Bounds
  • Directions: Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoney's
  • New Construction: Yes
  • Appliances Refrigerators: Yes
  • General Property Information:New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Range Hood, Refrigerator, Tankless Water Heater, Washer/Dryer Stacked, See Remarks
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Door Features: Dead Bolt Lock(s), Storm Door(s)
  • Fireplace Features: Decorative, Living Room
  • Flooring: Luxury Vinyl, Tile
  • Furnished: Yes
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Eat-in Kitchen, High Speed Internet, Open Floorplan, Stone Counters
  • Owner Pays: All Utilities
  • ResoLivingAreaSource: Appraiser
  • Community Features:Boating: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Community Features:Near Entertainment: Yes
  • Community Features:Fishing: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Crown Molding: Yes
  • Interior Features:Open Floorplan: Yes
  • Kitchen Features:KitchenFamily Room Combo: Yes
  • Bathroom Features:Separate Tub Shower: Yes
  • Fireplace Features:Living Room2: Yes
  • Appliances:Tankless Water Heater: Yes
  • Appliances:Electric Cooktop: Yes
  • Interior Features:Stone Counters: Yes
  • Kitchen Features:Quartz Counters: Yes
  • Bathroom Features:Free Standing Tub: Yes
  • Bathroom Features:Two Shower Heads: Yes
  • Community Features:Restaurant: Yes
  • Appliances:Range Hood: Yes
  • Appliances:See Remarks21: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Fireplace Features:Decorative: Yes
  • Community Features:Room for Expansion: Yes

Exterior Features

  • Exterior Features: Balcony, Lighting
  • Foundation Details: Pillar/Post/Pier
  • Lot Features: City Lot, Landscaped, Near Beach, Near Golf Course
  • Roof: Shingle
  • Waterfront Features: See Remarks
  • Pool Private: No
  • Construction Type: Brick, HardiPlank Type, Siding, Plaster
  • Lot Features:Near Beach: Yes
  • General Property Information:Accessibility Features: No
  • Driveway Features:Concrete Drive: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Near Golf Course: Yes
  • Door Features:Dead Bolt Lock(s): Yes
  • Lot Features:Landscaped: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Lighting: Yes
  • Waterfront Features:See Remarks16: Yes
  • Driveway Features:Rear Entrance: Yes
  • Door Features:Storm Door(s)2: Yes

Garage/Parking

  • Parking Features: Concrete, Parking Lot
  • Attached Garage: No
  • Parking Features:Concrete3: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: Central Air, Electric, Wall Unit(s)
  • Heating: Central, Electric, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Lower Level, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Firewall(s), Smoke Detector(s)
  • Heating:Central: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Community Features: Boating, Fishing, Near Entertainment, Restaurant, Room for Expansion

Association/Amenities

  • Tax and Financial Information:Association: No

Lot Info

  • Parcel #: 1410k-03-106.000 And 1410k-03-106.001
  • Lot Size Sq Ft: 11325.6
  • Zoning Description: Downtown
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3123.0
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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

Property History

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Source: Public Records

Source: MLS United

MLS Number: 4096974

MLS United

APN: 1410K-03-106.000

Mississippi Harrison County Biloxi 39530

782 Water St, Biloxi, MS

This home is located at 782 Water St, Biloxi, MS 39530 and is currently priced at $1,375,000, approximately $404 per square foot. This property was built in 1846. 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.

MLS United Information is deemed to be reliable but not guaranteed. Copyright 2025 MLS United, LLC.

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Matt Blaine
Listing Agent
Matt Blaine
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Blaine & Co., LLC
(228) 338-2505