Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land Near Gulf Coast Title is generated by Realmo AI

    117 Lakewood Drive, Waveland, MS 39576

    View on Map
    Claim this Listing
    For Sale
    $245,000

    LAND - Waveland, MS

    Type:Single Family Residence
    Lot size:
    0.35 Acres
    Added:
    Nov 7, 2024
    Days on Market:
    562
    Last Refresh:
    May 23 at 12:06 am

    Property Features for 117 Lakewood Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    161b-2-01-019.000
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Shown as Parcel 1 on survey
    Tax Annual Amount
    1137

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Regan Kane
    Regan Kane

    Listing agent Regan Kane License #B14846

    Listing office John McDonald Realty, LLC 117 Hwy 90, Bay Saint Louis, MS

    Listing date Nov 7, 2024

    MLS# 4096146 Listing URL

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Cleared, ready‑to‑build single‑family residential parcel.
    • Short walk or drive to the beach and Gulf Coast.
    • Located in a peaceful neighborhood.
    • Close to local amenities in Waveland, MS.
    • Public water and sewer connections available.
    • Ideal location for a beachside retreat or forever home.

    Overview

    This cleared, single-family residential parcel is located in Waveland, MS, moments from the Gulf Coast. Situated in a peaceful neighborhood, the 0.35-acre lot is a short walk or drive from the beach. This ready-to-build property is suitable for a cozy beachside retreat or a spacious forever home. The property is close to the beach and local amenities. *Parcel # is TBD and will be assigned at a later date*
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waveland
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.353753
    Latitude
    30.292974

    Nearby Similar for Sale

    • $999,900
      4,066 SF

      Turnkey Restaurant on Highway 90

      Fully equipped Japanese hibachi restaurant for sale in Waveland, MS.
      529 Highway 90, Waveland, MS 39576
      View Details
    • $1,799,999
      4,420 SF

      Turnkey Restaurant and Commercial Space

      Two commercial properties with restaurant and flexible space in Waveland.
      529 Highway 90, Waveland, MS 39576
      View Details
    • $975,000
      25,357 SF

      Waveland Warehouse with Office Space

      Large warehouse with office and showroom near Hwy 90.
      118 Auderer Boulevard, Waveland, MS 39576
      View Details
    • $278,000
      2,916 SF

      Waveland Duplex: Income Potential

      Duplex with great rental history and positive income production.
      4044 Camellia Street lot: A & B, Waveland, MS 39576
      View Details
    • $799,000
      1,287 SF

      Adaptable Commercial Property, Waveland, MS

      Versatile commercial space suitable for retail, office, or restaurant ventures.
      527 Highway 90, Waveland, MS 39576
      View Details
    • $10,500

      Waveland Commercial Lot For Sale

      Prime commercial lot in Waveland with excellent visibility.
      9151 Niagara Street, Waveland, MS 39576
      View Details
    • $79,900

      Land in Coastal Waveland, MS

      Vacant lot near the beach, ideal for building your dream home.
      146 Dane Road, Waveland, MS 39576
      View Details
    • $33,000

      Waveland, MS Wooded Lot

      Private wooded lot near the beach and local attractions.
      447 Sandy Street, Waveland, MS 39576
      View Details
    • $110,000

      Waveland Land Near Bay St. Louis

      Cleared, build-ready lot near the beach and downtown Bay St. Louis.
      Nhn W 4th Street, Waveland, MS 39576
      View Details
    • $35,000

      Waveland Land Near Beach

      0.5+ acre lot, blocks from Waveland Beach.
      00 Waveland Avenue, Waveland, MS 39576
      View Details
    • $640,000
      6,000 SF

      Commercial Building in Waveland Heart

      Commercial building with tenants in place, endless opportunities.
      2200 Mclaurin Street, Waveland, MS 39576
      View Details
    • $41,900

      Corner Lot Near the Beach

      Homesite near the beach, restaurants, shops, and entertainment.
      Sandy Street lot: 1, Waveland, MS 39576
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared residential lot in Waveland, moments from the beach.
    Where is this residential land & home lot located?
    The property is located at 117 Lakewood Drive Waveland, MS.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Cleared, ready‑to‑build single‑family residential parcel.; Short walk or drive to the beach and Gulf Coast.; Located in a peaceful neighborhood.
    (228) 363-0331
    We can help!
    Listing Contact
    Regan Kane
    Regan Kane
    Real Estate License ID: B14846
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 Lakewood Drive, Waveland, MS 39576
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!