$10,000 Closing Credit¹
#4107062, Stephanie G Schmitt, Listing Office: Coldwell Banker Alfonso Realty-Lorraine Rd
$1,375,000 List price
782 Water St Biloxi, MS 39530
$10,000
Closing credit¹
8 beds
6 full, 1 partial
3,400 sqft
0.3 acres
$404 / sqft
Multi-Family
Property details
About 782 Water St
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.
Highlights
Home typeMulti Family
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric, Wall Unit(s)
Size3,400 sqft
Lot size0.26 Acres
Year builtNew Const., 1846
ParkingConcrete Drive, Driveway (Rear Entrance), Concrete, Parking Lot
MLS #4096974
WaterfrontSee Remarks
FireplaceDecorative, Living Room
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 6
- Appliances: Dishwasher, Electric Cooktop, Range Hood, Refrigerator, Other, Tankless Water Heater, Washer/Dryer Stacked, Gas Water Heater, Range, Dryer, Vented Exhaust Fan, Washer, Microwave
- Flooring Type: Vinyl, Tile
- Interior: Ceiling Fan(s), Crown Molding, Eat-in Kitchen, High Speed Internet, Open Floorplan, Stone Counters
- Fireplace: Decorative, Living Room
- Total Bedroom Count: 8
- Attached Garage: No
- Private Pool: No
- Parking: Concrete Drive, Driveway (Rear Entrance), Concrete, Parking Lot
- Waterfront: See Remarks
- Exterior: Balcony, Lighting
- Architectural Style: Greek Revival, Mediterranean/Spanish
- Heating: Central, Electric
- Cooling: Central Air, Electric, Wall Unit(s)
- List Price: $1,375,000
- Price/SqFt: $404
- Annual Tax Amount: $3,122
- Tax Year: 2023
- Lot: City Lot, Landscaped, Near Golf Course
- Directions: Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoneys
- Year Built: 1846
- Stories: 2
- Living Area: 3,400 SqFt
- Lot Size: 0.26 Acres
- MLS Number: 4096974
- MLS Name: MLS United
- Office Name: Blaine & Co., LLC
- Office Phone: (228) 861-5830
- Office Email: davidlblaine@gmail.com
- Listing Agent: Matthew A Blaine, David L Blaine
Information is deemed to be reliable but not guaranteed. Copyright 2025, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/24/2025, 12:55:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,375,000
782 Water St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $28,449 | $3,122 |
| 2022 | $28,449 | $3,122 |
History based on county public records data.
Nearby schools
8
Biloxi Junior High School
Public District 7-8
4.5 mi
•1921 Tribe Dr
6
St. Martin Middle School
Public District 6-8
6.2 mi
•10800 Yellow Jacket Rd
7
Bayou View Middle School
Public District 6-8
10.0 mi
•212 43rd St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $18,714. The majority of Biloxi, MS residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
60%
<35k
23%
35k-100k
17%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
62%
Single, No Kids
10%
Single, with Kids
22%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
10%
12-17 yrs old
20%
18-34 yrs old
45%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Horse Races
Figure Skating
Where do the neighbors shop?
Big Lots
Stein Mart
Family Dollar
Where do the neighbors go to eat?
Golden Corral
LongHorn Steakhouse
Church's Chicken
What do the neighbors drive?
Kia
Buick
Cadillac
What do the neighbors listen to?
Adult Standards
Contemporary Inspirational
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Biloxi, MS
Transportation in Biloxi is facilitated by a network of roads and highways, including the nearby Interstate 10, which provides efficient travel and commuting options. Public transit services are available, offering routes that connect key areas of the city. The community's walkability varies by neighborhood, with the downtown area being particularly pedestrian-friendly. Bike paths and lanes are also present, encouraging alternative modes of transportation. While specific ride-sharing services are operational in Biloxi, their availability may differ throughout the city.
Biloxi offers a comprehensive array of services to its residents. The educational landscape includes several public schools at the elementary, middle, and high school levels, as well as private educational options. Healthcare is well-supported with local hospitals and clinics providing a range of services from primary care to specialized treatments. The city also boasts a public library system that serves as a resource for learning and community engagement. Retail and dining establishments are plentiful, with many reflecting the local seafood culture and Southern hospitality.
Biloxi is celebrated for its rich cultural heritage and coastal charm. The community prides itself on its vibrant arts scene, historical landmarks, and the annual Mississippi Coast Coliseum Crawfish Music Festival, which showcases the region's musical talent and culinary delights. The city's character is further defined by its scenic beachfront and the warmth of its residents, creating a welcoming atmosphere for both visitors and locals alike.
The housing landscape in Biloxi is diverse, with a mix of single-family homes, apartments, and townhouses to accommodate a range of preferences. Architectural styles vary, with a notable presence of coastal and traditional designs that reflect the city's history and geographical setting. The market is primarily composed of single-family homes, with a significant portion of residences constructed in the late 20th century. The homeownership rate in Biloxi is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.
About 782 Water St
This home is located at 782 Water St in Biloxi, MS and zip code 39530. This 3,400 square foot home, which was built in 1846, sits on a 0.26 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $1,375,000.
The inventory of homes for sale in Biloxi, MS between March and April 2025 increased by 11.3%. The median list price of listings available in April 2025 was $274,998, while the average time on the real estate market was 115 days.
From Rocket Homes Real Estate and based on county public records data.