782 Water Street
Biloxi, MS, 39530 $ 1,225,000
Bedrooms8 Baths6.1 Sq 3,400 Monthly Estimate*
$ 7,642
for $1,225,000 with 8 bedrooms and 6 full baths, 1 half bath. This 3,400 square foot building 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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FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Central Air Electric Multi Units Wall Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Roof Shingle
Pool Features None
Construction Materials Brick HardiPlank Type Siding Plaster
Year Built 1846
Levels Two
Property Subtype Other
Tax Year 2024
Current Use Commercial Multi-Family
Business Type Rental
County Harrison
New Construction Y
Property Type Commercial Sale
HOA N
Attached Garage N
Subdivision Name Metes And Bounds
Possible Use Commercial Multi-Family
Garage Y/N N
Full Baths 6
Status Active
Directions Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoney's
City Biloxi
Zoning Description Downtown
Lot Size Units Acres
Lot Size Square Feet 11325.6
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5725.79
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--4131355/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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ExteriorExterior Amenities Balcony Fire Pit Lighting
Parking Features Concrete Parking Lot
Lot Features City Lot 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
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFlooring Tile Vinyl
Basement (Y/N) N
Fireplace Y/N Y
Half Baths 1
Total Bedrooms 8
Total Baths 7
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* Excluded FeaturesList ByMatthew A BlaineListing Agent
blaineinvestments2@gmail.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Biloxi, MS
Average List Price $1,083,861
Percent of Sale Price 12%
About Biloxi, MS 48,304 Population
-5% Since 2002
$ 43,295 Median Income
36.09 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
1580642 Elementary School
1580615 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/12/2025 | $1,225,000 | | Listed Price |