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782 Water Street Biloxi, MS $ 1,225,000
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$ 1,225,000 Get more info
782 Water Street
$ 1,225,000
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New Construction
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782 Water Street

Biloxi, MS, 39530
$ 1,225,000
Bedrooms8 Baths6.1 Sq 3,400

Monthly Estimate*

$ 7,642

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View a Virtual Tour

Single Family Home for sale in Biloxi, MS

for $1,225,000 with 8 bedrooms and 6 full baths, 1 half bath. This 3,400 square foot home was built in 1846 on a lot size of 0.26.

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.

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Single Family Active

Price

$ 1,225,000

Bedrooms

8

Full Bath

6

Half Bath

1

Property Type

Single Family

Taxes

$ 5,725

Style

Greek Revival

Lot Size

0.26

Year Built

1846

Town/City

Biloxi

County/Region

Harrison

MLS | Web ID

4131359
Features
Interior
Interior Amenities Ceiling Fan(s) Crown Molding Eat-in Kitchen High Speed Internet Open Floorplan Stone Counters Double Vanity
Flooring Luxury Vinyl Tile
Furnished Y/N Yes
Fireplace Features Decorative Kitchen Living Room
Basement (Y/N) N
Half Baths 1
Laundry Features Electric Dryer Hookup Lower Level Upper Level Washer Hookup
Total Bedrooms 8
Total Baths 7
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General
Sewer Public Sewer
Heating Central Electric Natural Gas
Cooling Central Air Electric Wall Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Shingle
Appliances Dishwasher Electric Cooktop Range Hood Refrigerator Tankless Water Heater Washer/Dryer Stacked See Remarks
Architectural Style Greek Revival
Security Features Carbon Monoxide Detector(s) Fire Alarm Fire Sprinkler System Firewall(s) Smoke Detector(s)
Construction Materials Brick HardiPlank Type Siding Plaster
Year Built 1846
Levels Two
Tax Year 2024
Waterfront Features See Remarks
Community Features Boating Fishing Golf Near Entertainment Restaurant Room for Expansion Shopping Nearby
County Harrison
New Construction Y
Property Type Res Income Multi-Fam
HOA N
Attached Garage N
Subdivision Name Metes And Bounds
Garage Y/N N
Full Baths 6
Status Active
Directions Located across the street in front of the Hard Rock Casino and directly behing Mary Mahoney's
City Biloxi
Zoning Description Downtown
Number Of Units Total 3
Lot Size Units Acres
Lot Size Square Feet 11325.6
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5725.79
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/782-Water-Street-Biloxi-MS-39530--4131359/unbranded
Structure Type Multi Family
Standard Status Active
Year Built Source Public Records
Legal Description COM AT SE COR OF BLK 36 OF BILOXI DOWNTOWN REVITALIZATION AREA AKA BILOXI SEC BLK 126 & BEING INTER OF N MAR OF WATER ST & W MAR OF G.E. OHR ST FKA DELAUNEY ST N 87 DG W 43.2 FT ALONG WATER ST TO POB
Senior Community None
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Exterior
Exterior Amenities Balcony Fire Pit Lighting
Parking Features Concrete Parking Lot
Lot Features City Lot Landscaped Near Beach Near Golf Course
Water Source Public
Lot Size Area 0.26
Foundation Details Pillar/Post/Pier
Spa N
Building Area Total 3400.0
Lot Size Acres 0.26
Door Features Dead Bolt Lock(s) Storm Door(s)
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 782
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* Excluded Features
List By
Matthew A Blaine

Listing Agent

Blaine & Co., Llc

Broker

blaineinvestments2@gmail.com

Email

Affordability Calculator

$8,119
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,642
Monthly Property Taxes
$477
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1580642 Elementary School
1580615 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/12/2025$1,225,000 Listed Price

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782 Water Street, Biloxi, MS, 39530 is a Single Family Home for sale at $1,225,000 with 3,400 sqft and a lot size of 0.26. 782 Water Street has 8 bedrooms, 6.1 baths, and was built in 1846. The property's zip code is 39530 which is in Biloxi, MS

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