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3 Beds
4 Baths
1,723 sqft

$690,000

128 Lee Street, Biloxi MS, 39530

Price per sqft$400.46
Built in1987
Property size1,723 sqft
Property typeMulti-family
Listed by Shane C Kowalski 228-216-1517 with Saltwater Realty

Overview

Active

Listed Jul 4, 2026

Updated Aug 23

Rare opportunity to own a unique micro-resort compound just minutes from downtown, the harbor, casinos, restaurants, and entertainment. This exceptional property features two rental ready units with immediate income potential and significant upside. Unit A is a beautifully appointed 2-bedroom, 2-bath pool house overlooking a private saltwater pool, spacious cabana, lush tropical landscaping, and a magnificent legacy Live Oak. With private off-street parking, this unit is turnkey and ready for short-term rental or personal use. Unit B offers a 1-bedroom, 1-bath apartment with a private entrance and balcony and has an established history of successful short-term rental income. Unit C is approximately 1,000 square feet, fully gutted and ready for renovation, providing an outstanding value-add opportunity. The space has the potential to accommodate 6-8 guests, creating an additional income-producing unit. Whether you're looking to expand your investment portfolio, operate a boutique vacation rental, or create a private family retreat, this one-of-a-kind compound offers immediate cash flow, future expansion potential, and an unbeatable location. Highlights: • Walkable to beaches, downtown, the harbor, casinos, dining, and entertainment • Private saltwater pool and expansive cabana • Mature tropical landscaping anchored by a stunning Live Oak • Unit A ready for immediate STR operation • Unit B ready for immediate STR operation with proven rental history • Unit C offers exceptional value-add potential • Private entrances and excellent flexibility for owner-occupants or investors

$4,591/mo

Est. mortgage payment based on a $690,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4154855

Interior Features

Bedrooms
3
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$2,253
Tax Frequency
Annually
Garage
Yes
Pool
Yes
Waterfront
Yes
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The IDX display contains information sourced from the MLS United as of 8/23/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 8/23/2026 at 4:25 AM UTC

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