782 Water Street, Biloxi, MS 39530
Local realty services provided by:Better Homes and Gardens Real Estate Expect Realty
Listed by: matthew a blaine
Office: blaine & co., llc.
MLS#:4131359
Source:MS_UNITED
Price summary
- Price:$1,225,000
- Price per sq. ft.:$360.29
About this home
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.
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Home facts
- Year built:1846
- Listing ID #:4131359
- Added:1 day(s) ago
- Updated:November 15, 2025 at 05:47 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
- Full bathrooms:6
- Half bathrooms:1
- Living area:3,400 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric, Wall Unit(s)
- Heating:Central, Electric, Natural Gas
Structure and exterior
- Year built:1846
- Building area:3,400 sq. ft.
- Lot area:0.26 Acres
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,225,000
- Price per sq. ft.:$360.29
- Tax amount:$5,725 (2024)
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