782 Water Street, Biloxi, MS 39530 (MLS# 4131355)
782 Water Street, Biloxi, MS 39530
$1,225,000
Property Type:
Commercial Sale
Bedrooms:
8
Square Footage:
3,400
Lot Size (sq. ft.):
11,326
Status:
Pending
Current Price:
$1,225,000
List Date:
11/12/2025
Last Modified:
1/21/2026
Overview
Description
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.
Listing Details MLS# 4131355
General Property Information
- Approx Lot Size Acres
- 0.26
- Approx H/C SqFt
- 3400
- SqFt Source
- Appraiser
- List Price/SqFt
- 360.29
- Number of Lots
- 2
- Year Built
- 1846
- Year Built Source
- Public Records
- Total Floors
- 2
- Bedrooms Total
- 8
- Bathrooms Full
- 6
- Bathrooms Half
- Yes
- Fireplace
- Yes
- Fireplaces Total
- 4
- Pool
- No
- Accessibility Features
- No
- Property Sub Type
- Other
- New Construction
- Yes
- Property Condition
- Updated/Remodeled
Property Features
Business Type:
Rental
Current Use:
Commercial; Multi-Family
Possible Use:
Commercial; Multi-Family
Commercial Features:
Dumpster; Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Structure Type:
Multi Family
Ceiling Height:
8' - 10.9'
Lot Features:
City Lot; Near Beach; Near Golf Course
Location:
City Street; Downtown; Historic Area
Levels:
Two
Covenants And Restrictions:
Architectural Review; Historical
Expenses Include:
Electric; Insurance; Maintenance; Management; Taxes; Trash Removal; Water/Sewer
Walls - Interior:
Plaster; Sheetrock
Flooring:
Tile; Vinyl
Cooling:
Central Air; Electric; Multi Units; Wall Unit(s)
Heating:
Central; Electric
Utilities:
Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Sewer:
Public Sewer
Water Source:
Public
Foundation Details:
Pillar/Post/Pier
Listing Terms:
1031 Exchange; Cash; Conventional
Roof:
Shingle
Exterior Features:
Balcony; Fire Pit; Lighting
Driveway Features:
Concrete Drive; Rear Entrance
Parking Features:
Concrete; Parking Lot
Pool Features:
None
Water Heater:
Gas; Tankless
Price Includes:
All Appliances; All Furnishings; Building and Land; Business
Available Documents:
Drawings; Profit & Loss Statement; Survey; Tax Info
Approx Age Code:
Under 5 Years
Address and Location Information
- Street Number
- 782
- Street Name
- Water
- Street Suffix
- Street
- County
- Harrison
- State
- MS
- Zip Code
- 39530
- Parcel Number
- 1410k-03106.000
- Subdivision
- Metes And Bounds
- Directions to Property
- Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoney's
- N or S of I-10
- S
- N or S of CSX Railroad Track
- S
Listing Information
- Property Sub Type
- Other
- Listing Service
- Full Service
Tax and Financial Information
- Tax Annual Amount
- 5725.79
- Tax Year
- 2024
- Zoning
- Downtown
- Flood Insurance Required?
- No
- Leasehold Y/N
- No
- Association
- No
- Legal Description
- COM AT SE COR OF BLK 36 OF BILOXI DOWNTOWN REVITALIZATION AREA AKA BILOXI SEC BLK 126 & BEING INTER OF N MAR OF WATER ST & W MAR OF G.E. OHR ST FKA DELAUNEY ST N 87 DG W 43.2 FT ALONG WATER ST TO POB N 87 DG W 50.1 FT ALONG WATER ST N 124.9 FT S 87 D G E 49.2 FT N 2 DG W 11.8 FT N 87 DG E 43.9 FT TO W MAR OF G. E. OHR ST S 64.5 FT N 87 DG W 42.9 FT S 75.3 FT TO POB PART OF PARCELS 3,4 & 5 BLK 36 OF BILOXI DOWNTOWN REVITALIZATION PROJECT #MISS R-30 OF BILOXI SEC BLK 126 IN SEC 27-7-9
Status Change Info
- Contract Date/Pending Date
- 2026-01-20
More Information
Auction
- Auction
- No
Showing Requirements
- Showing
- Appointment Required
Basement Features
- Basement
- No
Suite Details
- 1st Suite Number
- A
- 1st Suite Size
- 850
- 2nd Suite Number
- B
- 2nd Suite Size
- 850
- 3rd Suite Number
- C
- 3rd Suite Size
- 1700
Location
- City
- Yes
- City Street
- Yes
- Downtown
- Yes
- Historic Area
- Yes
Remarks & Miscellaneous
- Public Remarks
- 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.
Current Use
- Commercial
- Yes
- Multi-Family
- Yes
Structure Type
- Multi Family
- Yes
Possible Use
- Commercial
- Yes
- Multi-Family
- Yes
Business Type
- Rental
- Yes
Lot Features
- City Lot
- Yes
- Near Beach
- Yes
- Near Golf Course
- Yes
Covenants And Restrictions
- Architectural Review
- Yes
- Historical
- Yes
Levels
- Two
- Yes
Sewer
- Public Sewer
- Yes
Commercial Features
- Dumpster
- Yes
- Fire Alarm
- Yes
- Fire Sprinkler System
- Yes
- Smoke Detector(s)
- Yes
Water Source
- Public
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Ceiling Height
- 8' - 10.9'
- Yes
Walls - Interior
- Plaster
- Yes
- Sheetrock
- Yes
Flooring
- Tile
- Yes
- Vinyl
- Yes
Expenses Include
- Electric
- Yes
- Insurance
- Yes
- Maintenance
- Yes
- Management
- Yes
- Taxes
- Yes
- Trash Removal
- Yes
- Water/Sewer
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
- Multi Units
- Yes
- Wall Unit(s)
- Yes
Heating
- Central
- Yes
- Electric
- Yes
Foundation Details
- Pillar/Post/Pier
- Yes
Exterior Construction/Siding
- Brick
- Yes
- HardiPlank Type
- Yes
- Siding
- Yes
Roof
- Shingle
- Yes
Exterior Features
- Balcony
- Yes
- Fire Pit
- Yes
- Lighting
- Yes
Driveway Features
- Concrete Drive
- Yes
- Rear Entrance
- Yes
Parking Features
- Concrete
- Yes
- Parking Lot
- Yes
Pool Features
- None
- Yes
Water Heater
- Gas
- Yes
- Tankless
- Yes
Price Includes
- All Appliances
- Yes
- All Furnishings
- Yes
- Building and Land
- Yes
- Business
- Yes
Available Documents
- Drawings
- Yes
- Profit & Loss Statement
- Yes
- Survey
- Yes
- Tax Info
- Yes
Approx Age Code
- Under 5 Years
- Yes
Uncovered Parking?
- 1-25 Spaces
- Yes
Listing Office:
Blaine & Co., LLC
Listing Agent:
Matthew A Blaine
Last Updated: January - 21 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.