- 8 Beds
- 7 Baths
- 3,400 Sqft
- .26 Acres
782 Water Street
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.
Essential Information
- MLS® #4096974
- Price$1,375,000
- Bedrooms8
- Bathrooms7.00
- Full Baths6
- Half Baths1
- Square Footage3,400
- Acres0.26
- Year Built1846
- TypeRes Income Multi-Fam
- StatusActive
Style
Greek Revival, Mediterranean/Spanish
Community Information
- Address782 Water Street
- SubdivisionMetes And Bounds
- CityBiloxi
- CountyHarrison
- StateMS
- Zip Code39530
Amenities
- ParkingConcrete, Parking Lot
- WaterfrontSee Remarks
Utilities
Electricity Connected, Cable Available, Natural Gas Connected, Sewer Connected, Water Connected
Interior
- InteriorPlaster, Sheetrock
- HeatingCentral, Electric
- FireplaceYes
- FireplacesDecorative, Living Room
- StoriesTwo
Interior Features
Ceiling Fan(s), Crown Molding, Eat-in Kitchen, High Speed Internet, Open Floorplan, Stone Counters
Cooling
Central Air, Electric, Wall Unit(s)
Exterior
- ExteriorSiding, Brick, HardiPlank Type
- Exterior FeaturesBalcony, Lighting
- RoofShingle
- FoundationPillar/Post/Pier
Lot Description
Near Golf Course, Landscaped, City Lot, Near Beach
Additional Information
- Listing OfficeBlaine & Co., LLC
- Listing AgentMatthew A Blaine
- ZoningDowntown
The information being provided by the Central Mississippi MLS, Inc. is exclusively for consumers' personal, non-commercial use, and 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.