1705 Government Street, Ocean Springs, MS 39564
Local realty services provided by:CENTURY 21 Busch Realty Group
Listed by: justin w mcphail
Office: real broker, llc.
MLS#:4138270
Source:MS_UNITED
Price summary
- Price:$784,000
- Price per sq. ft.:$483.95
About this home
THE CROWN JEWEL OF GOVERNMENT STREET — DOWNTOWN SCARCITY, INCOME POTENTIAL & COMMERCIAL LAND VALUE. Positioned in the heart of Downtown Ocean Springs, 1705 Government Street offers something increasingly difficult to replicate: an established 3BR/2BA short-term rental situated on commercially zoned property along one of the city's most visible and walkable corridors. Unlike a conventional residential STR acquisition, the investment thesis here extends beyond rental income to the underlying commercial real estate and its potential for future alternative uses. COMMERCIAL ZONING & OPTIONALITY: The property is located within the C-H Regional Commercial District / Downtown Overlay District. Its zoning creates potential for a range of commercial, hospitality, retail, office, food-and-beverage, live-work and redevelopment concepts, subject to applicable zoning, permitting, licensing, building-code and other governmental requirements. Buyers should independently verify their intended use with the City of Ocean Springs. CURRENT INCOME-PRODUCING USE: Continue operating the furnished 3BR/2BA short-term rental known as "Mona Lisa," or evaluate the property for an alternative commercial or mixed-use concept. Its Government Street location, commercial frontage, walkability and on-site parking distinguish it from typical residential vacation-rental properties. THE PROPERTY: Originally built in 1910 and extensively renovated since that time, this approximately 1,620 SF property combines historic character with modern finishes, including high ceilings, granite countertops and smart-home features. Dedicated on-site parking accommodates approximately five vehicles—an especially valuable feature in the downtown district. Convenient to downtown dining, boutiques, entertainment, festivals and nightlife. Public water, sewer and electric available. Whether considered as a furnished vacation rental, live-work property, commercial investment, redevelopment opportunity or long-term downtown land holding, 1705 Government Street offers an unusually broad range of potential strategies. Buyer and/or his agent are to verify all information material to buyer, including zoning, permitted uses, STR regulations, licensing, flood-zone status, square footage, parking capacity and redevelopment potential. Showings by appointment only....
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Home facts
- Year built:1910
- Subdivision & Development:Weed Davis
- Listing ID #:4138270
- Added:552 day(s) ago
- Updated:September 03, 2026 at 03:20 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:10
- Flooring:Laminate, Simulated Wood
- Living area:1,620 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1910
- Building area:1,620 sq. ft.
- Lot area:0.11 Acres
- Lot Features:City Lot, Cleared, Near Beach, Rectangular Lot
- Architectural Style:Farmhouse, Traditional
- Construction Materials:Siding
- Exterior Features:Private Yard
- Foundation Description:Conventional, Raised
- Levels:1 Story
Schools
- High school:Ocean Springs
- Middle school:Ocean Springs Middle School
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$784,000
- Price per sq. ft.:$483.95
- Tax amount:$2,493 (2025)
Features and amenities
- Amenities:Ceiling Fan(s), Granite Counters, High Ceilings
- Smart home:Yes
Parking
- Total parking spaces:5
- Parking description:Driveway, On Site
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