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 Dr Waveland, MS Welcome to your beachside retreat! This charming 3-bedroom, 2-bath cottage offers 1606 squ...	3 beds \| 2 baths \| 1,606 sq.ft.	$559,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.87% Airbnb Rental Income: $null Traditional Rental Income: $2044 Airbnb ROI: N/A Traditional ROI: 1.87%
329 Davis St Waveland, MS Comes completely turn key with all furnishings, appliances and supplies!!! Less than three...	3 beds \| 2 baths \| 1,052 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $1771 Airbnb ROI: N/A Traditional ROI: 4.24%
122 Lakeside Drive Waveland, MS Come see! 3 bedrooms and 2 bathrooms, updates throughout. Fenced in back yard!	3 beds \| 2 baths \| 1,823 sq.ft.	$314,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.18% Airbnb Rental Income: $null Traditional Rental Income: $1573 Airbnb ROI: N/A Traditional ROI: 3.18%
326 S Central Ave Waveland, MS Charming Ranch Home in Waveland. This beautiful ranch-style property boasts a spacious lay...	3 beds \| 2 baths \| 1,367 sq.ft.	$214,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $1430 Airbnb ROI: N/A Traditional ROI: 5.33%
1001 Rue De Lasalle St Waveland, MS Your New Home Awaits! This charming 3-bedroom, 1.5-bath home offers comfort, style, and fu...	3 beds \| 1 baths \| 1,124 sq.ft.	$186,700	Airbnb cash on cash: N/A Traditional cash on cash: 6.33% Airbnb Rental Income: $null Traditional Rental Income: $1477 Airbnb ROI: N/A Traditional ROI: 6.33%
908 Edna St Waveland, MS A very nice home in Waveland, MS in need of some small TLC Items. 3 Bedrooms 2 Baths. Bein...	3 beds \| 2 baths \| 1,714 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.98% Airbnb Rental Income: $null Traditional Rental Income: $1885 Airbnb ROI: N/A Traditional ROI: 7.98%
400 Merritt St 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: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $2597 Airbnb ROI: N/A Traditional ROI: 4.62%
403 Saint Jude Street Waveland, MS Adorable, Affordable & Updated - Your Waveland Hideaway Awaits! Tucked away in a peaceful ...	4 beds \| 2 baths \| 1,456 sq.ft.	$239,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.91% Airbnb Rental Income: $null Traditional Rental Income: $1604 Airbnb ROI: N/A Traditional ROI: 4.91%
120 Mollere Dr Waveland, MS This pristine home on Mollere Dr. is in move in ready condition. It sits on over a 1/2 acr...	3 beds \| 2 baths \| 1,600 sq.ft.	$499,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.92% Airbnb Rental Income: $null Traditional Rental Income: $1979 Airbnb ROI: N/A Traditional ROI: 1.92%
411 Water Street Waveland, MS A stylish raised coastal cottage just blocks from Waveland beach. Step inside to an inviti...	3 beds \| 2 baths \| 1,488 sq.ft.	$370,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.36% Airbnb Rental Income: $null Traditional Rental Income: $1989 Airbnb ROI: N/A Traditional ROI: 4.36%
630 Edna St Waveland, MS Charming Coastal Living in Waveland, MS Welcome to this inviting single-family home lo...	3 beds \| 2 baths \| 1,291 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $1615 Airbnb ROI: N/A Traditional ROI: 6.46%
500 Fell St Waveland, MS This light and bright elevated retreat is located on a double lot just a block from the Be...	3 beds \| 2 baths \| 1,615 sq.ft.	$522,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.01% Airbnb Rental Income: $null Traditional Rental Income: $1935 Airbnb ROI: N/A Traditional ROI: 2.01%
507 Dicks St 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: N/A Traditional cash on cash: 5.39% Airbnb Rental Income: $null Traditional Rental Income: $1119 Airbnb ROI: N/A Traditional ROI: 5.39%
208 Petite Dr Waveland, MS Your Coastal Beach Retreat in Waveland Awaits! It Comes Fully Furnished with Additional Ad...	4 beds \| 2 baths \| 1,812 sq.ft.	$395,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.69% Airbnb Rental Income: $null Traditional Rental Income: $2182 Airbnb ROI: N/A Traditional ROI: 3.69%
504 Taylor Trail Waveland, MS Located in the Sundance Subdivision just minutes from the Waveland Beach this beautiful ho...	3 beds \| 2 baths \| 1,628 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $1878 Airbnb ROI: N/A Traditional ROI: 4.97%
112 Bienville Dr 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.	$824,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.48% Airbnb Rental Income: $null Traditional Rental Income: $3201 Airbnb ROI: N/A Traditional ROI: 2.48%
200 Farrar Ln Waveland, MS Wonderful new construction within walking distance to Beach Blvd... Golf cart to Coleman A...	4 beds \| 4 baths \| 2,134 sq.ft.	$687,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.2% Airbnb Rental Income: $null Traditional Rental Income: $2817 Airbnb ROI: N/A Traditional ROI: 3.2%
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: N/A Traditional cash on cash: 9.3% Airbnb Rental Income: $null Traditional Rental Income: $1888 Airbnb ROI: N/A Traditional ROI: 9.3%
205 Pine Ridge Dr 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.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $2036 Airbnb ROI: N/A Traditional ROI: 3.47%
220 S Beach Blvd Waveland, MS Beautiful Beach Front ! Don't MISS out on this INCREDIBLE preconstruction price. This 1739...	3 beds \| 2 baths \| 1,740 sq.ft.	$919,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.87% Airbnb Rental Income: $null Traditional Rental Income: $2076 Airbnb ROI: N/A Traditional ROI: 0.87%
106 Coleman Ave Waveland, MS Amazing TOWN HOUSE just a few steps off the beach on beautiful Coleman Avenue! Don't miss ...	3 beds \| 3 baths \| 1,673 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.27% Airbnb Rental Income: $null Traditional Rental Income: $3130 Airbnb ROI: N/A Traditional ROI: 4.27%
515 Amelda Street Waveland, MS A Must-Have Southern Charmer in Waveland's Historic District! Welcome to this beautiful ho...	3 beds \| 2 baths \| 1,581 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $1982 Airbnb ROI: N/A Traditional ROI: 4.89%
206 Gulf Dr Waveland, MS Beautiful coastal home just minutes walk away from the sandy beach of waveland. This home ...	2 beds \| 1 baths \| 912 sq.ft.	$244,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.23% Airbnb Rental Income: $null Traditional Rental Income: $1485 Airbnb ROI: N/A Traditional ROI: 4.23%
832 Combel St Waveland, MS This gorgeous new construction doesn't just check boxes-it delivers. The open kitchen and ...	3 beds \| 2 baths \| 1,851 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $2240 Airbnb ROI: N/A Traditional ROI: 5.29%
413 Old Spanish Trl Waveland, MS Charming Brick Home in Waveland - No Flood Insurance Required! Bring your favorite coffee ...	3 beds \| 2 baths \| 1,598 sq.ft.	$239,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.45% Airbnb Rental Income: $null Traditional Rental Income: $1985 Airbnb ROI: N/A Traditional ROI: 6.45%
408 Waveland Ave 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.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.38% Airbnb Rental Income: $null Traditional Rental Income: $1612 Airbnb ROI: N/A Traditional ROI: 3.38%
2219 Hudson St Waveland, MS Take a look at this cute bungalow in Waveland! SELLER IS OFFERING $5K in SELLER CONCESSION...	3 beds \| 2 baths \| 1,120 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.81% Airbnb Rental Income: $null Traditional Rental Income: $1600 Airbnb ROI: N/A Traditional ROI: 9.81%
502 Jeff Davis Ave Waveland, MS Step into history with this beautifully preserved 1889 home, gracefully situated on 4.7 ac...	3 beds \| 2 baths \| 2,042 sq.ft.	$530,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.1% Airbnb Rental Income: $null Traditional Rental Income: $2698 Airbnb ROI: N/A Traditional ROI: 4.1%
1803 Henderson St Waveland, MS Property Description Beautiful Brick Home in Prime Waveland Location - Welcome to this bea...	3 beds \| 2 baths \| 2,832 sq.ft.	$569,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $2775 Airbnb ROI: N/A Traditional ROI: 3.67%
105 Adrienne Ct 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.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.64% Airbnb Rental Income: $null Traditional Rental Income: $2037 Airbnb ROI: N/A Traditional ROI: 3.64%
1435 Margie St 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: N/A Traditional cash on cash: 6.41% Airbnb Rental Income: $null Traditional Rental Income: $2006 Airbnb ROI: N/A Traditional ROI: 6.41%
121 Lakewood Dr Waveland, MS Experience elevated coastal living in this new construction 4-bedroom, 3.5-bath raised hom...	4 beds \| 3 baths \| 2,459 sq.ft.	$1,075,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.11% Airbnb Rental Income: $null Traditional Rental Income: $3299 Airbnb ROI: N/A Traditional ROI: 2.11%
118 Sarah's Ln Waveland, MS Coastal living meets thoughtful craftsmanship in this new construction home to be built in...	4 beds \| 3 baths \| 2,459 sq.ft.	$980,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.39% Airbnb Rental Income: $null Traditional Rental Income: $3298 Airbnb ROI: N/A Traditional ROI: 2.39%
805 Herlihy St Waveland, MS Move-in ready, beautifully renovated 3-bedroom, 2-bath home featuring updated finishes thr...	3 beds \| 2 baths \| 1,197 sq.ft.	$199,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.7% Airbnb Rental Income: $null Traditional Rental Income: $1500 Airbnb ROI: N/A Traditional ROI: 5.7%
233 Farrar Ln Waveland, MS Newly built in 2025 raised home that could be short walk to the beach or a ride to Coleman...	3 beds \| 2 baths \| 1,635 sq.ft.	$520,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.24% Airbnb Rental Income: $null Traditional Rental Income: $2228 Airbnb ROI: N/A Traditional ROI: 3.24%
Avenue B 2 Waveland, MS Avenue B 2, Waveland, MS 39520 \| Other	N/A beds \| N/A baths \| 800 sq.ft.	$29,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.58% Airbnb Rental Income: $null Traditional Rental Income: $483 Airbnb ROI: N/A Traditional ROI: 10.58%
Avenue B Waveland, MS Avenue B, Waveland, MS 39520 \| Other	N/A beds \| N/A baths \| 800 sq.ft.	$29,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.58% Airbnb Rental Income: $null Traditional Rental Income: $483 Airbnb ROI: N/A Traditional ROI: 10.58%
221 Music St Waveland, MS This charming 3-bedroom Waveland home offers shade, privacy, and peace of mind with no flo...	3 beds \| 2 baths \| 1,650 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.76% Airbnb Rental Income: $null Traditional Rental Income: $1810 Airbnb ROI: N/A Traditional ROI: 5.76%

Real Estate investment in Waveland, MS

There are 173 properties for sale in the city of Waveland . The median list price in Waveland is $329,000 and the average price per square foot is $205. In February 2026, the average monthly cash on cash return in Waveland is 5.00%. The average monthly rental income in Waveland is $1,985.

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

There are 173 investment properties available for sale in Waveland.

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

The ROI for Short-Term is higher than the Long-Term in Waveland with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Waveland, MS

121 Mollere Dr

Waveland, MS

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

$559,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.87%

Airbnb Rental Income: $null

Traditional Rental Income: $2044

Airbnb ROI: N/A

Traditional ROI: 1.87%

329 Davis St

Waveland, MS

3 beds | 2 baths | 1,052 sq.ft.

$329,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.24%

Airbnb Rental Income: $null

Traditional Rental Income: $1771

Airbnb ROI: N/A

Traditional ROI: 4.24%

122 Lakeside Drive

Waveland, MS

3 beds | 2 baths | 1,823 sq.ft.

$314,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.18%

Airbnb Rental Income: $null

Traditional Rental Income: $1573

Airbnb ROI: N/A

Traditional ROI: 3.18%

326 S Central Ave

Waveland, MS

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

$214,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.33%

Airbnb Rental Income: $null

Traditional Rental Income: $1430

Airbnb ROI: N/A

Traditional ROI: 5.33%

1001 Rue De Lasalle St

Waveland, MS

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

$186,700

Airbnb cash on cash: N/A

Traditional cash on cash: 6.33%

Airbnb Rental Income: $null

Traditional Rental Income: $1477

Airbnb ROI: N/A

Traditional ROI: 6.33%

908 Edna St

Waveland, MS

3 beds | 2 baths | 1,714 sq.ft.

$195,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.98%

Airbnb Rental Income: $null

Traditional Rental Income: $1885

Airbnb ROI: N/A

Traditional ROI: 7.98%

400 Merritt St

Waveland, MS

3 beds | 3 baths | 2,101 sq.ft.

$449,999

Airbnb cash on cash: N/A

Traditional cash on cash: 4.62%

Airbnb Rental Income: $null

Traditional Rental Income: $2597

Airbnb ROI: N/A

Traditional ROI: 4.62%

403 Saint Jude Street

Waveland, MS

4 beds | 2 baths | 1,456 sq.ft.

$239,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.91%

Airbnb Rental Income: $null

Traditional Rental Income: $1604

Airbnb ROI: N/A