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Property profile & analytics
OFF-MARKET
Retail residential properties

782 Water St Biloxi, MS 39530-4222

3,915 SF Built 1780
Entity Owned Absentee Owner Free & Clear
Property ID
US50-0139361
Property summary
AI-generated overview

This stunning, fully renovated 3,400 sq ft multi-unit property in Biloxi's Golf Cart District presents a unique investment opportunity. Originally built in the 1700s, this meticulously restored historical gem boasts modern luxury finishes including quartz countertops, high-end appliances, and stackable washers/dryers in each unit. The property has been completely modernized to 2021 commercial fire and building codes, featuring a new roof, HVAC systems, electrical, flooring, and sound suppression systems in walls and floors. A new certificate of occupancy is in place. Security features include a 360-degree HD camera system and digital locks. Architectural highlights include an iron staircase, four fireplaces, and code-compliant windows, all while preserving historic details. Its prime location offers easy walking access to restaurants, casinos (Hard Rock and Beau Rivage), MGM Park, beaches, and nightlife. Currently operating as a successful Airbnb, this turnkey operation offers immediate income potential, with expansion possibilities to add units at the rear of the 0.26-acre lot. The property is also well-suited for conversion to long-term corporate rentals. This exceptional property combines historical charm, modern amenities, and significant investment potential in a thriving Biloxi market. The asking price is $1,375,000.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1780
Total area 3,915 SF
APN 1410K-03-106.000
UPID US50-0139361
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Coastal Roots Salon Hair Salon
  • Cologne & Cotton Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
HALF FULL HOLDINGS LLC
HALF FULL HOLDINGS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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