This exceptional 4.8-acre beachfront property in Pass Christian, Mississippi, presents a rare development opportunity. Located on Henderson Point, this parcel boasts direct Gulf of Mexico access with no roads to cross, offering unparalleled privacy and breathtaking views. Zoned R-2, the land allows for single-family homes, duplexes, and condominiums (conditional use). A pre-approved subdivision plan for 32 lots is available, showcasing the potential for significant returns. Situated near the popular Inn by the Sea Condominiums and a short distance from the vibrant Old Town Bay St. Louis, this location benefits from proximity to local amenities, shops, restaurants, and tourist attractions. While hotels and motels require a variance, the existing zoning offers considerable flexibility for residential development. The property's history as the site of The Village at Henderson Point Condominiums further underscores its development potential. Note that the property is located in flood zone AE (20 ft. BFE). This unique offering represents an exceptional investment opportunity in a highly desirable coastal location. The property's address is 101 4th Street, Pass Christian, MS 39571, with APN 0213J-03-034.000. The asking price is $3,950,000, representing a price per acre of $937,500.
Cap rate
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.