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31122757
32306338

1302 Magnolia St, Gulfport, MS 39507

$825,000
201 days on market
Updated 20 days ago

Handsboro Pointe, Tax-Advantaged Waterfront STR Portfolio

Details
Property Type Multifamily, Mixed Use
Sub Type Str portfolio, Multifamily condo
Square Footage 840
Units 3
Cap Rate 10.15%
NOI $83,700
Occupancy 60%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 12.33%
Pro-Forma NOI $101,700
Price per SqFt $308
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 4
Acreage 3.000
Zoning Mixed Use | STR | Water-front | Planned Development
Parking Spaces 2 per unit
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

High Yield, Tax Efficient STR Portfolio | 3 One Bedroom Units

Marketing description

Handsboro Pointe presents a verified, income-producing 3-unit one-bedroom STR portfolio inside the final tower of a luxury waterfront mixed-use development on Bernard Bayou, Gulfport, MS. Tower One sold out entirely in presales. This is your last opportunity to get in at presale pricing.

AirDNA projects $27,900 per unit annually at a 43.3% occupancy rate and $176/night ADR with a high confidence score and a Gulfport submarket score of 80. Top comparable 1-bedroom waterfront units in the same submarket are currently generating $31,500–$33,900 annually, representing the stabilized upside as each unit builds its listing history and reviews. Three-unit portfolio combined baseline: $83,700/year projected.

Importantly, every AirDNA comparable used in this analysis is a hybrid-use unit — owners renting only part of the year, not dedicated STR operators. As a purpose-built, fully committed STR with maximum availability, each unit at Handsboro Pointe is positioned to significantly outperform the projected baseline. These comps represent a conservative floor, not a ceiling.

These units are purpose-built for maximum tax efficiency in a Federally Designated Opportunity Zone. Seller-paid cost segregation at closing, accelerated depreciation on building and furnishings, and substantial year-one bonus depreciation potential make this especially attractive to high-income earners, W-2 professionals, business owners, and 1031 exchange buyers in high-tax states. Structured to generate a significant year-one paper loss while preserving cash flow.

STR and MTR approved — flexible across short-term, mid-term, and corporate housing. Discounted designer furniture packages available. Professional property management available. Turnkey from day one.

On-site amenities: resort-style waterfront pool on Bernard Bayou, The Magnolia Room onsite speakeasy and restaurant, boutique fitness studio with floor-to-ceiling water views, co-working lounge with coffee bar, rooftop deck with private yoga area, floating dock, fire pits, watersport rentals (kayaks, paddleboards, jet skis), and event/venue space. Flood insurance included in HOA.

Location: protected waterfront on Bayou Bernard, just off I-110. One hour to New Orleans and Mobile. Two hours to Gulf Shores and Pensacola. Surrounded by $4B+ in new Gulfport investment including the Port expansion, Aquarium District, Blue Economy Tech Park, Amtrak return, and airport expansion. Presale incentives available until completion. Final tower. Limited units remaining.

Investment highlights

• AirDNA verified: $27,900 projected revenue per unit | $176/night ADR | 43.3% occupancy | Submarket Score 80 | High confidence

• All AirDNA comps are hybrid-use units renting only part of the year — dedicated STR operators are positioned to significantly outperform this baseline

• Top 1-bed waterfront comps in same submarket: $31,500–$33,900 annually — stabilized upside target for full-time operators

• 3-unit portfolio combined projected revenue: $83,700/year baseline

• Tower One sold out in presales — this is the final tower

• Federally Designated Opportunity Zone — major tax advantages

• Seller-paid cost segregation study included at closing

• Accelerated and bonus depreciation on building and furnishings

• Year-one paper loss structured to offset W-2, business, and investment income

• STR and MTR approved — short-term, mid-term, and corporate housing use

• Discounted furnished packages available | Professional management available

• Flood insurance included in HOA

• Resort amenities: pool, The Magnolia Room speakeasy, fitness studio, co-working lounge, rooftop deck, yoga area, floating dock, fire pits, watersport rentals

• Surrounded by $4B+ in new Gulfport investment

• Presale incentives available until completion — limited units remaining

"Occupancy shown reflects pro forma target based on comparable full-time STR operators in the submarket. AirDNA baseline projects 43.3% from hybrid-use comps renting only part of the year."

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$83,700.00
$6,975.00/mo

Valuation Metrics

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DSCR
10.15%
Cap Rate
10.15%
ROI

Map

Zoning

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T4L ResidentialMulti FamilyGeneral Urban Zone Limited
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Last updated Jun 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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