Real Estate Investment Properties for Sale in Waveland, MS

Looking for investment property in Waveland, MS with high ROI ?

Explore a variety of short-term homes & houses in Waveland, MS. Invest wisely with VRBO & Waveland, MS Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Waveland, MS

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
121 Mollere Drive Waveland, MS $10,000 PRICE ADJUSTMENT!!! Motivated Seller! Welcome to your beachside retreat! This char...	3 beds \| 2 baths \| 1,606 sq.ft.	$549,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 1.92% Airbnb Rental Income: $1748 Traditional Rental Income: $2044 Airbnb ROI: 0.41% Traditional ROI: 1.92%
924 Washington Street Waveland, MS A very nice home in Waveland, MS in need of some TLC. 3 Bedrooms 2 Baths. Being sold as is...	3 beds \| 2 baths \| 1,265 sq.ft.	$121,500	Airbnb cash on cash: 7.63% Traditional cash on cash: 9.93% Airbnb Rental Income: $1748 Traditional Rental Income: $1537 Airbnb ROI: 7.63% Traditional ROI: 9.93%
245 Pine Ridge Drive Waveland, MS Welcome to 245 Pine Ridge Lane in Waveland, Mississippi, where coastal living meets comfor...	3 beds \| 2 baths \| 1,421 sq.ft.	$249,900	Airbnb cash on cash: 3.61% Traditional cash on cash: 5.48% Airbnb Rental Income: $1748 Traditional Rental Income: $1709 Airbnb ROI: 3.61% Traditional ROI: 5.48%
205 Jeff Davis Avenue Waveland, MS Well-maintained 3-bedroom, 2-bath home located on beautiful Jeff Davis Avenue in Waveland,...	3 beds \| 2 baths \| 1,220 sq.ft.	$275,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 4.13% Airbnb Rental Income: $1748 Traditional Rental Income: $1587 Airbnb ROI: 2.9% Traditional ROI: 4.13%
415 Old Spanish Trail Waveland, MS This charming 3-bedroom, 2-bathroom home offers 1,733 sq ft of comfortable living space, m...	3 beds \| 2 baths \| 1,733 sq.ft.	$249,900	Airbnb cash on cash: 3.53% Traditional cash on cash: 6.12% Airbnb Rental Income: $1748 Traditional Rental Income: $1880 Airbnb ROI: 3.53% Traditional ROI: 6.12%
326 S Central Avenue Waveland, MS Cherishing charm and space, this cozy ranch in Waveland delivers! Situated on a desirable ...	3 beds \| 2 baths \| 1,367 sq.ft.	$212,000	Airbnb cash on cash: 4.67% Traditional cash on cash: 5.48% Airbnb Rental Income: $1748 Traditional Rental Income: $1430 Airbnb ROI: 4.67% Traditional ROI: 5.48%
1001 Rue De Lasalle Street Waveland, MS Your New Home Awaits! This charming 3-bedroom, 1.5-bath home offers comfort, style, and fu...	3 beds \| 2 baths \| 1,124 sq.ft.	$186,700	Airbnb cash on cash: 5.15% Traditional cash on cash: 6.33% Airbnb Rental Income: $1748 Traditional Rental Income: $1477 Airbnb ROI: 5.15% Traditional ROI: 6.33%
216 Dogwood Street Waveland, MS Income property OR Ready to call your Home. Great rental history and a proven income-produ...	3 beds \| 2 baths \| 1,644 sq.ft.	$195,000	Airbnb cash on cash: 4.28% Traditional cash on cash: 7.73% Airbnb Rental Income: $1748 Traditional Rental Income: $1906 Airbnb ROI: 4.28% Traditional ROI: 7.73%
400 Merritt Street Waveland, MS Beautiful House - Make this your new home. Not far from Golf Courses. Beautiful Acadian ho...	3 beds \| 3 baths \| 2,101 sq.ft.	$449,999	Airbnb cash on cash: 1.47% Traditional cash on cash: 4.62% Airbnb Rental Income: $1748 Traditional Rental Income: $2597 Airbnb ROI: 1.47% Traditional ROI: 4.62%
403 Saint Jude Street Waveland, MS Charming 4 bed, 2 bath, with fenced yard and parking for 4 vehicles. Open living kitchen c...	4 beds \| 2 baths \| 1,494 sq.ft.	$212,000	Airbnb cash on cash: 7.17% Traditional cash on cash: 5.64% Airbnb Rental Income: $2521 Traditional Rental Income: $1604 Airbnb ROI: 7.17% Traditional ROI: 5.64%
218 S Beach Boulevard Waveland, MS Beautiful beachfront home in Waveland! Sold fully furnished! Move right in and enjoy panor...	4 beds \| 3 baths \| 2,539 sq.ft.	$999,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 1.04% Airbnb Rental Income: $2521 Traditional Rental Income: $2623 Airbnb ROI: 0.27% Traditional ROI: 1.04%
111 North Street Waveland, MS Sitting just a half mile from the Beach in Waveland this stunning 3BR/2.5BA home perfectly...	3 beds \| 3 baths \| 1,350 sq.ft.	$430,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 2.84% Airbnb Rental Income: $1748 Traditional Rental Income: $1996 Airbnb ROI: 1.03% Traditional ROI: 2.84%
630 Edna Street Waveland, MS Charming Coastal Living in Waveland, MS 100% USDA financing available. Welcome to this...	3 beds \| 2 baths \| 1,291 sq.ft.	$190,900	Airbnb cash on cash: 4.89% Traditional cash on cash: 6.81% Airbnb Rental Income: $1748 Traditional Rental Income: $1615 Airbnb ROI: 4.89% Traditional ROI: 6.81%
500 Fell Street Waveland, MS Motivated Seller Imagine starting your day with coffee on your covered front porch, taki...	3 beds \| 2 baths \| 1,615 sq.ft.	$504,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 2.12% Airbnb Rental Income: $1748 Traditional Rental Income: $1935 Airbnb ROI: 0.71% Traditional ROI: 2.12%
139 Sarahs Lane Waveland, MS Featuring four spacious bedrooms, two full bathrooms, and two half bathrooms, this stunnin...	4 beds \| 3 baths \| 2,148 sq.ft.	$565,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 2.58% Airbnb Rental Income: $2521 Traditional Rental Income: $2499 Airbnb ROI: 1.47% Traditional ROI: 2.58%
507 Dicks Street Waveland, MS Newly renovated house on a dead end street. Close to the beach and Coleman Ave. Perfect ho...	2 beds \| 1 baths \| 776 sq.ft.	$157,500	Airbnb cash on cash: 2.11% Traditional cash on cash: 5.39% Airbnb Rental Income: $977 Traditional Rental Income: $1119 Airbnb ROI: 2.11% Traditional ROI: 5.39%
208 Petite Drive Waveland, MS Your Coastal Beach Retreat in Waveland Awaits! It Comes Fully Furnished with Additional Ad...	4 beds \| 3 baths \| 1,812 sq.ft.	$395,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 3.69% Airbnb Rental Income: $2521 Traditional Rental Income: $2182 Airbnb ROI: 2.96% Traditional ROI: 3.69%
504 Taylor Trail Waveland, MS Priced to Sell! Located in the Sundance Subdivision just minutes from the Waveland Beach ...	3 beds \| 2 baths \| 1,628 sq.ft.	$255,000	Airbnb cash on cash: 3.12% Traditional cash on cash: 5.66% Airbnb Rental Income: $1748 Traditional Rental Income: $1878 Airbnb ROI: 3.12% Traditional ROI: 5.66%
112 Bienville Drive Waveland, MS Feel the ocean breeze in this picturesque oasis with majestic oak trees and beautiful mani...	5 beds \| 3 baths \| 2,812 sq.ft.	$799,900	Airbnb cash on cash: 1.38% Traditional cash on cash: 2.59% Airbnb Rental Income: $2992 Traditional Rental Income: $3201 Airbnb ROI: 1.38% Traditional ROI: 2.59%
856 Saint Joseph Street Waveland, MS Prime Location in Waveland, MS! Now's your chance to live just minutes from the beach, cas...	3 beds \| 2 baths \| 1,561 sq.ft.	$180,000	Airbnb cash on cash: 5.68% Traditional cash on cash: 9.3% Airbnb Rental Income: $1748 Traditional Rental Income: $1888 Airbnb ROI: 5.68% Traditional ROI: 9.3%
205 Pine Ridge Drive Waveland, MS Coastal Comfort Meets Easy Living in Waveland! Ready to live the beach life? This beautifu...	3 beds \| 2 baths \| 1,624 sq.ft.	$365,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 3.71% Airbnb Rental Income: $1748 Traditional Rental Income: $2036 Airbnb ROI: 1.47% Traditional ROI: 3.71%
206 Gulf Drive Waveland, MS Beautiful coastal home just minutes walk away from the sandy beach of waveland. This home ...	2 beds \| 1 baths \| 912 sq.ft.	$239,900	Airbnb cash on cash: 0.54% Traditional cash on cash: 4.33% Airbnb Rental Income: $977 Traditional Rental Income: $1485 Airbnb ROI: 0.54% Traditional ROI: 4.33%
408 Waveland Avenue Waveland, MS Close to the Beach! Home offers 2b/2b with an open living/dining room with vaulted ceiling...	2 beds \| 2 baths \| 1,140 sq.ft.	$264,500	Airbnb cash on cash: -0.02% Traditional cash on cash: 3.94% Airbnb Rental Income: $977 Traditional Rental Income: $1612 Airbnb ROI: -0.02% Traditional ROI: 3.94%
2219 Hudson Street Waveland, MS Take a look at this cute bungalow in Waveland! This home offers 3 bedrooms, 2 full baths, ...	3 beds \| 2 baths \| 1,120 sq.ft.	$136,500	Airbnb cash on cash: 7.92% Traditional cash on cash: 10.46% Airbnb Rental Income: $1748 Traditional Rental Income: $1600 Airbnb ROI: 7.92% Traditional ROI: 10.46%
1803 Henderson Street Waveland, MS Welcome to this beautiful brick home offering ~ 2832 square feet of comfortable living spa...	3 beds \| 2 baths \| 2,832 sq.ft.	$499,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 4.31% Airbnb Rental Income: $1748 Traditional Rental Income: $2775 Airbnb ROI: 1.08% Traditional ROI: 4.31%
105 Adrienne Court Waveland, MS A charming raised cottage just moments from the pristine beaches of Waveland, this light-f...	3 beds \| 2 baths \| 1,602 sq.ft.	$399,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 3.82% Airbnb Rental Income: $1748 Traditional Rental Income: $2037 Airbnb ROI: 1.76% Traditional ROI: 3.82%
1435 Margie Street Waveland, MS Ideal for investors seeking a versatile opportunity near the Bay St. Louis waterfront, thi...	3 beds \| 2 baths \| 1,646 sq.ft.	$250,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 6.41% Airbnb Rental Income: $1748 Traditional Rental Income: $2006 Airbnb ROI: 3.28% Traditional ROI: 6.41%
121 Lakewood Drive Waveland, MS Experience elevated coastal living in this new construction 4-bedroom, 3.5-bath raised hom...	4 beds \| 4 baths \| 2,459 sq.ft.	$1,075,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 2.11% Airbnb Rental Income: $2521 Traditional Rental Income: $3299 Airbnb ROI: 0.72% Traditional ROI: 2.11%
118 Sarah'S Lane Waveland, MS Coastal living meets thoughtful craftsmanship in this new construction home to be built in...	4 beds \| 4 baths \| 2,459 sq.ft.	$980,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 2.39% Airbnb Rental Income: $2521 Traditional Rental Income: $3298 Airbnb ROI: 0.87% Traditional ROI: 2.39%
805 Herlihy Street Waveland, MS Updated, tenant-occupied property ideal for investors or buyers not requiring immediate oc...	3 beds \| 2 baths \| 1,197 sq.ft.	$205,000	Airbnb cash on cash: 4.31% Traditional cash on cash: 5.51% Airbnb Rental Income: $1748 Traditional Rental Income: $1500 Airbnb ROI: 4.31% Traditional ROI: 5.51%
233 Farrar Lane Waveland, MS Experience coastal living with this new home that's just a 1/4 mile from the beach! Sittin...	3 beds \| 2 baths \| 1,631 sq.ft.	$479,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 3.6% Airbnb Rental Income: $1748 Traditional Rental Income: $2228 Airbnb ROI: 1.46% Traditional ROI: 3.6%
318 Hillcrest St Waveland, MS New Construction Home just a golf cart ride away from the beach. 3 Bedroom 2 Bath home loc...	3 beds \| 2 baths \| 1,575 sq.ft.	$439,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 2.65% Airbnb Rental Income: $1748 Traditional Rental Income: $1925 Airbnb ROI: 1.05% Traditional ROI: 2.65%
227 N Beach Boulevard Waveland, MS Gorgeous 3 bedroom, 3 bath beach front home beautifully built to maximize it's stunning na...	3 beds \| 3 baths \| 1,385 sq.ft.	$750,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 0.85% Airbnb Rental Income: $1748 Traditional Rental Income: $2169 Airbnb ROI: -0.44% Traditional ROI: 0.85%
5051 Virginia St. Waveland, MS Located on a spacious waterfront lot in Bay St. Louis, this inviting four-bedroom home off...	4 beds \| 4 baths \| N/A	$409,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.69% Airbnb Rental Income: $1581 Traditional Rental Income: $2225 Airbnb ROI: 0.83% Traditional ROI: 3.69%
123 Espana Park Drive Waveland, MS Beautiful and well-maintained property offering a rare and versatile layout with two homes...	3 beds \| 2 baths \| 2,952 sq.ft.	$419,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 3.73% Airbnb Rental Income: $1748 Traditional Rental Income: $2169 Airbnb ROI: 1.44% Traditional ROI: 3.73%
203 Jeff Davis Avenue Waveland, MS Welcome to this beautifully renovated 2-bedroom, 1.5-bath home where timeless character me...	2 beds \| 2 baths \| 1,034 sq.ft.	$325,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.9% Airbnb Rental Income: $977 Traditional Rental Income: $1719 Airbnb ROI: 0.32% Traditional ROI: 3.9%
808 Saint Joseph Street Waveland, MS Great investment opportunity in Waveland just a short distance from the beach! Located in ...	2 beds \| 1 baths \| 780 sq.ft.	$99,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 7.56% Airbnb Rental Income: $977 Traditional Rental Income: $1021 Airbnb ROI: 3.45% Traditional ROI: 7.56%
110 Emerald Lake Drive Waveland, MS GULF COAST HIDDEN GEM ON A PRIVATE LAKE Welcome to this stunning 3-bedroom, 3.5 bath water...	3 beds \| 4 baths \| 2,689 sq.ft.	$790,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 3.41% Airbnb Rental Income: $1748 Traditional Rental Income: $3728 Airbnb ROI: 0.07% Traditional ROI: 3.41%
1225 Taranto Street Waveland, MS Tucked away in a quiet, private neighborhood - just minutes from the beach, this new const...	3 beds \| 2 baths \| 1,300 sq.ft.	$435,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 3.19% Airbnb Rental Income: $1748 Traditional Rental Income: $1815 Airbnb ROI: 1.85% Traditional ROI: 3.19%
805 N Beach Boulevard Waveland, MS Tucked along the water's edge, this exceptional Garcia & Sons custom home, built in 2022, ...	4 beds \| 3 baths \| 2,224 sq.ft.	$1,399,500	Airbnb cash on cash: -0.43% Traditional cash on cash: -0.16% Airbnb Rental Income: $2521 Traditional Rental Income: $2254 Airbnb ROI: -0.43% Traditional ROI: -0.16%

Real Estate investment in Waveland, MS

There are 43 properties for sale in the city of Waveland . The median list price in Waveland is $345,000 and the average price per square foot is $205. In May 2026, the average monthly cash on cash return in Waveland is 4.00%. The average monthly rental income in Waveland is $1,966.

Waveland, MS Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 43 investment properties available for sale in Waveland.

In 2026, the best neighborhood to buy investment property is Waveland.

The ROI for Long-Term is higher than the Short-Term in Waveland with average rental income of $1,966.

Your search for investment property begins and ends here

Investment Property for Sale in Waveland, MS

121 Mollere Drive

Waveland, MS

3 beds | 2 baths | 1,606 sq.ft.

$549,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 1.92%

Airbnb Rental Income: $1748

Traditional Rental Income: $2044

Airbnb ROI: 0.41%

Traditional ROI: 1.92%

924 Washington Street

Waveland, MS

3 beds | 2 baths | 1,265 sq.ft.

$121,500

Airbnb cash on cash: 7.63%

Traditional cash on cash: 9.93%

Airbnb Rental Income: $1748

Traditional Rental Income: $1537

Airbnb ROI: 7.63%

Traditional ROI: 9.93%

245 Pine Ridge Drive

Waveland, MS

3 beds | 2 baths | 1,421 sq.ft.

$249,900

Airbnb cash on cash: 3.61%

Traditional cash on cash: 5.48%

Airbnb Rental Income: $1748

Traditional Rental Income: $1709

Airbnb ROI: 3.61%

Traditional ROI: 5.48%

205 Jeff Davis Avenue

Waveland, MS

3 beds | 2 baths | 1,220 sq.ft.

$275,000

Airbnb cash on cash: 2.9%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $1748

Traditional Rental Income: $1587

Airbnb ROI: 2.9%

Traditional ROI: 4.13%

415 Old Spanish Trail

Waveland, MS

3 beds | 2 baths | 1,733 sq.ft.

$249,900

Airbnb cash on cash: 3.53%

Traditional cash on cash: 6.12%

Airbnb Rental Income: $1748

Traditional Rental Income: $1880

Airbnb ROI: 3.53%

Traditional ROI: 6.12%

326 S Central Avenue

Waveland, MS

3 beds | 2 baths | 1,367 sq.ft.

$212,000

Airbnb cash on cash: 4.67%

Traditional cash on cash: 5.48%

Airbnb Rental Income: $1748

Traditional Rental Income: $1430

Airbnb ROI: 4.67%

Traditional ROI: 5.48%

1001 Rue De Lasalle Street

Waveland, MS

3 beds | 2 baths | 1,124 sq.ft.

$186,700

Airbnb cash on cash: 5.15%

Traditional cash on cash: 6.33%

Airbnb Rental Income: $1748

Traditional Rental Income: $1477

Airbnb ROI: 5.15%

Traditional ROI: 6.33%

216 Dogwood Street

Waveland, MS

3 beds | 2 baths | 1,644 sq.ft.

$195,000

Airbnb cash on cash: 4.28%

Traditional cash on cash: 7.73%

Airbnb Rental Income: $1748

Traditional Rental Income: $1906

Airbnb ROI: 4.28%