300 Third Street, Bay Saint Louis, MS 39520 (MLS# 4000953)

A one-of-a-kind historic property with options galore! Looking for multi-family? This Craftsman schoolhouse circa 1913 was renovated in 2005 into two spacious loft-style apartments. One is a 1400sq ft owner's unit, with 12ft ceilings, enormous windows, original bead-board walls and ceilings, wood floors, gas fireplace in the library and charming guest bed in the loft. It has 11/2 baths and a large kitchen. Three front doors open to a massive veranda, and the back door to a deck overlooking cypress and oak trees. The guest apartment offers just as much atmosphere – it's 1100 sq. ft, with full kitchen and full bath, with stunning windows overlooking three ancient oaks. The two apartments have separate dual fuel HVAC systems, washer/dryers and hot water tanks and completely separate entrances. As one of the first vacation rentals in Bay St. Louis, the current owners lived on site and enjoyed an excellent 15-year rental history with unanimous five-star ratings on both Airbnb and VRBO, staying booked when not blocked off for owners' friends and family. Most guest side furnishings can be purchased with the house, so you can post a listing and start taking summer bookings immediately! Or rent both sides and block dates for your own use. Are you looking for a single-family home? Simply unlock the large doors between the apartments and you have two astonishing living areas. Keep one kitchen and easily convert the other to a bedroom. Are you an artist or craftsman or work remotely? On the ground level you'll find an amazing 700 square foot studio/office with beamed ceiling, tiled floors and bathroom. The studio's back doors open up to an enormous covered concrete work area with plenty of room for entertainment goodies like bikes, golf cart or boat storage. Ask about the many modern structural improvements this grand dame has undergone for storm hardening. The .7 acres of parklike grounds are partially fenced and in an X flood zone, on some of the highest ground on the Mississippi coast. It's a two block walk to the beach, the Amtrak Depot, the Arts Center and a stone's throw from all the shopping and restaurants Old Town has to offer. Ask your agent about adjacent lot next door – also for sale to purchaser of house. Ask about substantial tax credits for property improvements!