782 Water Street, Biloxi, MS 39530 (MLS# 4131359)
782 Water Street, Biloxi, MS 39530
$1,225,000
Property Type:
Res Income Multi-Fam
Bedrooms:
8
Square Footage:
3,400
Lot Size (sq. ft.):
11,326
Status:
Active
Current Price:
$1,225,000
List Date:
11/12/2025
Last Modified:
11/12/2025
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.
More Information MLS# 4131359
Address and Location Information
Parcel Number: 1410k-03-106.000
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
Street Number: 782
Street Name: Water
Street Suffix: Street
County: Harrison
State: MS
Zip Code: 39530
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Active
List Date: 2025-11-12
List Price: $1,225,000
Current Price: $1,225,000
General Property Information
New Construction: Yes
Property Condition: Updated/Remodeled
# of Units Included in Sale: 3
Approx Lot Size Acres: 0.26
SqFt Source: Appraiser
List Price/SqFt: 360.29
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 1
Bathrooms Three Quarter: 0
Furnished: Yes
Pool: No
Accessibility Features: No
Approx H/C SqFt: 3400
Year Built: 1846
Bedrooms Total: 8
Bathrooms Full: 6
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
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: 1
Architectural Style
Greek Revival: 1
Mediterranean: 1
Lot Features
City Lot: 1
Landscaped: 1
Near Beach: 1
Near Golf Course: 1
Covenants And Restrictions
Architectural Review: 1
Historical: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Waterfront Features
See Remarks: 1
Showing Requirements
Showing: Appointment Required
Interior Features
Ceiling Fan(s): 1
Crown Molding: 1
Eat-in Kitchen: 1
High Speed Internet: 1
Open Floorplan: 1
Stone Counters: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Owner Pays
All Utilities: 1
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Repairs: 1
Taxes: 1
Special Purpose Rooms
Kitchen/Dining Combo: 1
Living/Dining Combo: 1
Kitchen Features
Kitchen/Family Room Combo: 1
Quartz Counters: 1
Bathroom Features
5 Foot Tub: 1
Double Vanity: 1
Free Standing Tub: 1
Separate Tub & Shower: 1
Two Shower Heads: 1
Walk-In Shower: 1
Fireplace Features
Decorative: 1
Kitchen: 1
Living Room: 1
Furnished
Furnished: 1
Appliances
Dishwasher: 1
Electric Cooktop: 1
Range Hood: 1
Refrigerator: 1
Tankless Water Heater: 1
Washer/Dryer Stacked: 1
See Remarks: 1
Walls - Interior
Plaster: 1
Sheetrock: 1
Flooring
Luxury Vinyl: 1
Tile: 1
Door Features
Dead Bolt Lock(s): 1
Storm Door(s): 1
Laundry Features
Electric Dryer Hookup: 1
Lower Level: 1
Upper Level: 1
Washer Hookup: 1
Security Features
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Fire Sprinkler System: 1
Firewall(s): 1
Smoke Detector(s): 1
Cooling
Central Air: 1
Electric: 1
Wall Unit(s): 1
Heating
Central: 1
Electric: 1
Foundation Details
Pillar/Post/Pier: 1
Exterior Construction/Siding
Brick: 1
HardiPlank Type: 1
Siding: 1
Roof
Shingle: 1
Exterior Features
Balcony: 1
Fire Pit: 1
Lighting: 1
Driveway Features
Concrete Drive: 1
Rear Entrance: 1
Parking Features
Concrete: 1
Parking Lot: 1
Community Features
Boating: 1
Fishing: 1
Golf: 1
Near Entertainment: 1
Restaurant: 1
Room for Expansion: 1
Shopping Nearby: 1
Water Heater
Natural Gas: 1
Tankless: 1
Available Documents
Blueprints: 1
Survey: 1
Approx Age Code
Under 5 Years: 1
Uncovered Parking?
1-25 Spaces: 1
Unit 1
Bedrooms: 2
Full Baths: 2
Number of Rooms: 3
Furnished: Yes
Occupied: Yes
Unit 1 Appliances
Countertop Range: 1
Dishwasher: 1
Dryer: 1
Refrigerator: 1
Vent Fan: 1
Washer: 1
Water Heater - Gas: 1
Unit 2
Bedrooms: 2
Full Baths: 2
Number of Rooms: 3
Furnished: Yes
Occupied: Yes
Unit 2 Appliances
Countertop Range: 1
Dishwasher: 1
Dryer: 1
Refrigerator: 1
Vent Fan: 1
Washer: 1
Water Heater - Gas: 1
Unit 3
Bedrooms: 4
Full Baths: 2
Half Baths: 1
Number of Rooms: 8
Furnished: Yes
Occupied: Yes
Unit 3 Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Vent Fan: 1
Washer: 1
Water Heater - Gas: 1
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
Listing Office:
Blaine & Co., LLC
Listing Agent:
Matthew A Blaine
Last Updated: November - 12 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.