782 Water Street, Biloxi, MS 39530 (MLS# 4131359)

782 Water Street, Biloxi, MS 39530

$1,225,000

Virtual Tour

https://www.propertypanorama.com/782-Water-Street-Biloxi-MS-39530--4131359/unbranded

Property Type: Res Income Multi-Fam 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# 4131359

General Property Information

# of Units Included in Sale: 3
Approx Lot Size Acres: 0.26
Approx H/C SqFt: 3400
SqFt Source: Appraiser
List Price/SqFt: 360.29
Year Built: 1846
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 8
Bathrooms Full: 6
Bathrooms Half: Yes
Furnished: Yes
Pool: No
Accessibility Features: No
New Construction: Yes
Property Condition: Updated/Remodeled
Bathrooms Three Quarter: 0

Property Features

Structure Type: Multi Family Architectural Style: Greek Revival; Mediterranean Lot Features: City Lot; Landscaped; Near Beach; Near Golf Course Levels: Two Owner Pays: All Utilities; Exterior Maintenance; Grounds Care; Insurance; Repairs; Taxes Covenants And Restrictions: Architectural Review; Historical Furnished: Furnished Interior Features: Ceiling Fan(s); Crown Molding; Eat-in Kitchen; High Speed Internet; Open Floorplan; Stone Counters Special Purpose Rooms: Kitchen/Dining Combo; Living/Dining Combo Kitchen Features: Kitchen/Family Room Combo; Quartz Counters Bathroom Features: 5 Foot Tub; Double Vanity; Free Standing Tub; Separate Tub & Shower; Two Shower Heads; Walk-In Shower Fireplace Features: Decorative; Kitchen; Living Room Appliances: Dishwasher; Electric Cooktop; Range Hood; Refrigerator; Tankless Water Heater; Washer/Dryer Stacked; See Remarks Walls - Interior: Plaster; Sheetrock Flooring: Luxury Vinyl; Tile Door Features: Dead Bolt Lock(s); Storm Door(s) Laundry Features: Electric Dryer Hookup; Lower Level; Upper Level; Washer Hookup Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Firewall(s); Smoke Detector(s) Cooling: Central Air; Electric; 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 Community Features: Boating; Fishing; Golf; Near Entertainment; Restaurant; Room for Expansion; Shopping Nearby Waterfront Features: See Remarks Water Heater: Natural Gas; Tankless Approx Age Code: Under 5 Years Available Documents: Blueprints; Survey Unit 1 Appliances: Countertop Range; Dishwasher; Dryer; Refrigerator; Vent Fan; Washer; Water Heater - Gas Unit 2 Appliances: Countertop Range; Dishwasher; Dryer; Refrigerator; Vent Fan; Washer; Water Heater - Gas Unit 3 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Vent Fan; Washer; Water Heater - Gas

Address and Location Information

Street Number: 782
Street Name: Water
Street Suffix: Street
County: Harrison
State: MS
Zip Code: 39530
Parcel Number: 1410k-03-106.000
Subdivision: Metes And Bounds
Directions to Property: Located across the street in front of the Hard Rock Casino and directly behing Mary Mahoney's
N or S of I-10: S
N or S of CSX Railroad Track: S

Listing Information

Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 5725.79
Tax Year: 2024
Homestead Y/N: No
Additional Exemptions Y/N: No
Zoning: Downtown
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: Yes
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 DG 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

Showing Requirements

Showing: Appointment Required

Unit 1

Full Baths: 2
Number of Rooms: 3
Furnished: Yes
Occupied: Yes

Unit 2

Full Baths: 2
Number of Rooms: 3
Furnished: Yes
Occupied: Yes

Unit 3

Full Baths: 2
Half Baths: Yes
Number of Rooms: 8
Furnished: Yes
Occupied: 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.

Structure Type

Multi Family: Yes

Architectural Style

Greek Revival: Yes
Mediterranean: Yes

Lot Features

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

Covenants And Restrictions

Architectural Review: Yes
Historical: Yes

Levels

Two: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Waterfront Features

See Remarks: Yes

Interior Features

Ceiling Fan(s): Yes
Crown Molding: Yes
Eat-in Kitchen: Yes
High Speed Internet: Yes
Open Floorplan: Yes
Stone Counters: Yes

Utilities

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

Owner Pays

All Utilities: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Repairs: Yes
Taxes: Yes

Special Purpose Rooms

Kitchen/Dining Combo: Yes
Living/Dining Combo: Yes

Kitchen Features

Kitchen/Family Room Combo: Yes
Quartz Counters: Yes

Bathroom Features

5 Foot Tub: Yes
Double Vanity: Yes
Free Standing Tub: Yes
Separate Tub & Shower: Yes
Two Shower Heads: Yes
Walk-In Shower: Yes

Fireplace Features

Decorative: Yes
Kitchen: Yes
Living Room: Yes

Furnished

Furnished: Yes

Appliances

Dishwasher: Yes
Electric Cooktop: Yes
Range Hood: Yes
Refrigerator: Yes
Tankless Water Heater: Yes
Washer/Dryer Stacked: Yes
See Remarks: Yes

Walls - Interior

Plaster: Yes
Sheetrock: Yes

Flooring

Luxury Vinyl: Yes
Tile: Yes

Door Features

Dead Bolt Lock(s): Yes
Storm Door(s): Yes

Laundry Features

Electric Dryer Hookup: Yes
Lower Level: Yes
Upper Level: Yes
Washer Hookup: Yes

Security Features

Carbon Monoxide Detector(s): Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Firewall(s): Yes
Smoke Detector(s): Yes

Cooling

Central Air: Yes
Electric: 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

Community Features

Boating: Yes
Fishing: Yes
Golf: Yes
Near Entertainment: Yes
Restaurant: Yes
Room for Expansion: Yes
Shopping Nearby: Yes

Water Heater

Natural Gas: Yes
Tankless: Yes

Available Documents

Blueprints: Yes
Survey: Yes

Approx Age Code

Under 5 Years: Yes

Uncovered Parking?

1-25 Spaces: Yes

Unit 1 Appliances

Countertop Range: Yes
Dishwasher: Yes
Dryer: Yes
Refrigerator: Yes
Vent Fan: Yes
Washer: Yes
Water Heater - Gas: Yes

Unit 2 Appliances

Countertop Range: Yes
Dishwasher: Yes
Dryer: Yes
Refrigerator: Yes
Vent Fan: Yes
Washer: Yes
Water Heater - Gas: Yes

Unit 3 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Vent Fan: Yes
Washer: Yes
Water Heater - Gas: Yes

Listing Office: Blaine & Co., LLC

Listing Agent: Matthew A Blaine

Last Updated: January - 21 - 2026