782 Water Street, Biloxi, MS 39530 (MLS# 4131355)

782 Water Street, Biloxi, MS 39530

$1,225,000

Virtual Tour

https://www.propertypanorama.com/782-Water-Street-Biloxi-MS-39530--4131355/unbranded

Property Type: Commercial Sale Bedrooms: 8 Square Footage: 3,400 Lot Size (sq. ft.): 11,326 Status: Pending

Current Price: $1,225,000 List Date: 11/12/2025 Last Modified: 1/21/2026

Overview

Description

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 Details MLS# 4131355

General Property Information

Approx Lot Size Acres: 0.26
Approx H/C SqFt: 3400
SqFt Source: Appraiser
List Price/SqFt: 360.29
Number of Lots: 2
Year Built: 1846
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 8
Bathrooms Full: 6
Bathrooms Half: Yes
Fireplace: Yes
Fireplaces Total: 4
Pool: No
Accessibility Features: No
Property Sub Type: Other
New Construction: Yes
Property Condition: Updated/Remodeled

Property Features

Business Type: Rental Current Use: Commercial; Multi-Family Possible Use: Commercial; Multi-Family Commercial Features: Dumpster; Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Structure Type: Multi Family Ceiling Height: 8' - 10.9' Lot Features: City Lot; Near Beach; Near Golf Course Location: City Street; Downtown; Historic Area Levels: Two Covenants And Restrictions: Architectural Review; Historical Expenses Include: Electric; Insurance; Maintenance; Management; Taxes; Trash Removal; Water/Sewer Walls - Interior: Plaster; Sheetrock Flooring: Tile; Vinyl Cooling: Central Air; Electric; Multi Units; Wall Unit(s) Heating: Central; Electric Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Pillar/Post/Pier Listing Terms: 1031 Exchange; Cash; Conventional Roof: Shingle Exterior Features: Balcony; Fire Pit; Lighting Driveway Features: Concrete Drive; Rear Entrance Parking Features: Concrete; Parking Lot Pool Features: None Water Heater: Gas; Tankless Price Includes: All Appliances; All Furnishings; Building and Land; Business Available Documents: Drawings; Profit & Loss Statement; Survey; Tax Info Approx Age Code: Under 5 Years

Address and Location Information

Street Number: 782
Street Name: Water
Street Suffix: Street
County: Harrison
State: MS
Zip Code: 39530
Parcel Number: 1410k-03106.000
Subdivision: Metes And Bounds
Directions to Property: Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoney's
N or S of I-10: S
N or S of CSX Railroad Track: S

Listing Information

Property Sub Type: Other
Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 5725.79
Tax Year: 2024
Zoning: Downtown
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
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 N 87 DG W 50.1 FT ALONG WATER ST N 124.9 FT S 87 D G E 49.2 FT N 2 DG W 11.8 FT N 87 DG E 43.9 FT TO W MAR OF G. E. OHR ST S 64.5 FT N 87 DG W 42.9 FT S 75.3 FT TO POB PART OF PARCELS 3,4 & 5 BLK 36 OF BILOXI DOWNTOWN REVITALIZATION PROJECT #MISS R-30 OF BILOXI SEC BLK 126 IN SEC 27-7-9

Status Change Info

Contract Date/Pending Date: 2026-01-20

More Information

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Suite Details

1st Suite Number: A
1st Suite Size: 850
2nd Suite Number: B
2nd Suite Size: 850
3rd Suite Number: C
3rd Suite Size: 1700

Location

City: Yes
City Street: Yes
Downtown: Yes
Historic Area: Yes

Remarks & Miscellaneous

Public Remarks: 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.

Current Use

Commercial: Yes
Multi-Family: Yes

Structure Type

Multi Family: Yes

Possible Use

Commercial: Yes
Multi-Family: Yes

Business Type

Rental: Yes

Lot Features

City Lot: Yes
Near Beach: Yes
Near Golf Course: Yes

Covenants And Restrictions

Architectural Review: Yes
Historical: Yes

Levels

Two: Yes

Sewer

Public Sewer: Yes

Commercial Features

Dumpster: Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Ceiling Height

8' - 10.9': Yes

Walls - Interior

Plaster: Yes
Sheetrock: Yes

Flooring

Tile: Yes
Vinyl: Yes

Expenses Include

Electric: Yes
Insurance: Yes
Maintenance: Yes
Management: Yes
Taxes: Yes
Trash Removal: Yes
Water/Sewer: Yes

Cooling

Central Air: Yes
Electric: Yes
Multi Units: Yes
Wall Unit(s): Yes

Heating

Central: Yes
Electric: Yes

Foundation Details

Pillar/Post/Pier: Yes

Exterior Construction/Siding

Brick: Yes
HardiPlank Type: Yes
Siding: Yes

Roof

Shingle: Yes

Exterior Features

Balcony: Yes
Fire Pit: Yes
Lighting: Yes

Driveway Features

Concrete Drive: Yes
Rear Entrance: Yes

Parking Features

Concrete: Yes
Parking Lot: Yes

Pool Features

None: Yes

Water Heater

Gas: Yes
Tankless: Yes

Price Includes

All Appliances: Yes
All Furnishings: Yes
Building and Land: Yes
Business: Yes

Available Documents

Drawings: Yes
Profit & Loss Statement: Yes
Survey: Yes
Tax Info: Yes

Approx Age Code

Under 5 Years: Yes

Uncovered Parking?

1-25 Spaces: Yes

Listing Office: Blaine & Co., LLC

Listing Agent: Matthew A Blaine

Last Updated: January - 21 - 2026