782 Water St Biloxi, MS 39530
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
Summary
- 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: 3/15/2025, 12:20:55 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. Residents of Biloxi, MS typically earn less than $<35k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
Living in Biloxi, MS
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 number of homes for sale in Biloxi, MS increased by 11.4% between January and February 2025. In February 2025 median list price was $269,428 and the average listing age was 122 days.