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
329 Davis Street Waveland, MS Comes completely furnished, including all appliances!!! Less than three blocks from the be...	3 beds \| 2 baths \| N/A	$345,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 4% Airbnb Rental Income: $1251 Traditional Rental Income: $1771 Airbnb ROI: 1.17% Traditional ROI: 4%
122 Lakeside Drive Waveland, MS NO FLOOD ZONE .BRAND NEW A/C- SELLER WILL SUPPLY A HOME WARRANTY WITH ACCEPTED OFFER. Jus...	3 beds \| 2 baths \| 1,823 sq.ft.	$380,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 2.47% Airbnb Rental Income: $1251 Traditional Rental Income: $1573 Airbnb ROI: 0.45% Traditional ROI: 2.47%
1001 Rue De Lasalle Street Waveland, MS Your New Home Awaits!This charming 3-bedroom, 1.5-bath home offers comfort, style, and fun...	3 beds \| 2 baths \| 1,124 sq.ft.	$190,700	Airbnb cash on cash: 2.74% Traditional cash on cash: 6.18% Airbnb Rental Income: $1251 Traditional Rental Income: $1477 Airbnb ROI: 2.74% Traditional ROI: 6.18%
304 Vacation Lane Waveland, MS This 3 Bdrm, 2 bath offer an open floor plan and close to the beach. This would make a gr...	3 beds \| 2 baths \| 2,030 sq.ft.	$289,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 5.34% Airbnb Rental Income: $1251 Traditional Rental Income: $2085 Airbnb ROI: 0.82% Traditional ROI: 5.34%
400 Merritt Street Waveland, MS AGENT IS RELATED TO SELLER - TRAIN USUSALLY COMES BY 2 TIMES A DAY - FOR ABOUT 5 MINUTES O...	3 beds \| 3 baths \| 2,101 sq.ft.	$475,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.33% Airbnb Rental Income: $1251 Traditional Rental Income: $2597 Airbnb ROI: 0.41% Traditional ROI: 4.33%
403 Saint Jude Street Waveland, MS Adorable, Affordable & Updated - Your Waveland Hideaway Awaits!Tucked away in a peaceful p...	4 beds \| 2 baths \| 1,456 sq.ft.	$227,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 5.21% Airbnb Rental Income: $1169 Traditional Rental Income: $1604 Airbnb ROI: 1.4% Traditional ROI: 5.21%
120 Mollere Drive 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: -0.49% Traditional cash on cash: 1.92% Airbnb Rental Income: $1251 Traditional Rental Income: $1979 Airbnb ROI: -0.49% Traditional ROI: 1.92%
206 Idlewood Drive Waveland, MS This Home will not Last long at this price....4 Bedroom, 2 Bath Completely Renovated home,...	4 beds \| 2 baths \| 2,220 sq.ft.	$249,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 6.38% Airbnb Rental Income: $1169 Traditional Rental Income: $2136 Airbnb ROI: 0.64% Traditional ROI: 6.38%
910 Old Spanish Trail Waveland, MS Discover this nestled home offering unbeatable convenience and comfort. Ideally situated w...	4 beds \| 2 baths \| 2,040 sq.ft.	$208,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 9.66% Airbnb Rental Income: $1169 Traditional Rental Income: $2424 Airbnb ROI: 1.35% Traditional ROI: 9.66%
255 Pine Ridge Drive Waveland, MS Newly updated real estate listing boasts a prime location just blocks away from local beac...	3 beds \| 4 baths \| 2,616 sq.ft.	$379,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 5.85% Airbnb Rental Income: $1251 Traditional Rental Income: $2669 Airbnb ROI: 0.76% Traditional ROI: 5.85%
403 Combel Street Waveland, MS Charming & Affordable 3BR Brick Home - Great Investment Opportunity! This cozy 3-bedroom, ...	3 beds \| 1 baths \| 1,276 sq.ft.	$148,000	Airbnb cash on cash: 3.41% Traditional cash on cash: 7.35% Airbnb Rental Income: $1251 Traditional Rental Income: $1412 Airbnb ROI: 3.41% Traditional ROI: 7.35%
500 Fell Street Waveland, MS This Charming Coastal Retreat... is just a block off the Beach.Welcome to your dream home!...	3 beds \| 2 baths \| 1,615 sq.ft.	$522,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.01% Airbnb Rental Income: $1251 Traditional Rental Income: $1935 Airbnb ROI: -0.2% Traditional ROI: 2.01%
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.	$460,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 3.04% Airbnb Rental Income: $1169 Traditional Rental Income: $2182 Airbnb ROI: -0.21% Traditional ROI: 3.04%
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: 1.15% Traditional cash on cash: 4.97% Airbnb Rental Income: $1251 Traditional Rental Income: $1878 Airbnb ROI: 1.15% Traditional ROI: 4.97%
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.	$850,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 2.38% Airbnb Rental Income: $2299 Traditional Rental Income: $3201 Airbnb ROI: 0.52% Traditional ROI: 2.38%
200 Farrar Lane Waveland, MS Beautifully constructed masterpiece! Walk to the beach! This thoughtfully designed home is...	4 beds \| 5 baths \| 2,134 sq.ft.	$719,500	Airbnb cash on cash: -0.02% Traditional cash on cash: 3.01% Airbnb Rental Income: $1169 Traditional Rental Income: $2817 Airbnb ROI: -0.02% Traditional ROI: 3.01%
856 Saint Joseph Street Waveland, MS Prime Location in Waveland, MS!Now's your chance to live just minutes from the beach, casi...	3 beds \| 2 baths \| 1,561 sq.ft.	$199,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 8.34% Airbnb Rental Income: $1251 Traditional Rental Income: $1888 Airbnb ROI: 2.87% Traditional ROI: 8.34%
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.	$385,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 3.47% Airbnb Rental Income: $1251 Traditional Rental Income: $2036 Airbnb ROI: 0.19% Traditional ROI: 3.47%
220 S Beach Boulevard Waveland, MS Beautiful Beach Front ! Don't MISS out on this INCREDIBLE preconstruction price. This 173...	3 beds \| 2 baths \| 1,740 sq.ft.	$879,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 0.96% Airbnb Rental Income: $1251 Traditional Rental Income: $2076 Airbnb ROI: -0.54% Traditional ROI: 0.96%
106 Coleman Avenue Waveland, MS Amazing Condo just a few steps off the beach on beautiful Coleman Avenue! Don't miss out ...	3 beds \| 4 baths \| 1,673 sq.ft.	$579,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 4.45% Airbnb Rental Income: $1251 Traditional Rental Income: $3130 Airbnb ROI: 0.24% Traditional ROI: 4.45%
410 Saint Jude Street Waveland, MS 3b/2b home with approx. 1000 square feet of living space. Fenced yard with shed that is ...	3 beds \| 2 baths \| 1,008 sq.ft.	$174,900	Airbnb cash on cash: 3.01% Traditional cash on cash: 7% Airbnb Rental Income: $1251 Traditional Rental Income: $1518 Airbnb ROI: 3.01% Traditional ROI: 7%
515 Amelda Street Waveland, MS A Must-Have Southern Charmer in Waveland's Historic District! Welcome to this beautiful ho...	3 beds \| 3 baths \| 1,581 sq.ft.	$329,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 4.89% Airbnb Rental Income: $1251 Traditional Rental Income: $1982 Airbnb ROI: 1.24% Traditional ROI: 4.89%
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.	$249,900	Airbnb cash on cash: -1.01% Traditional cash on cash: 4.13% Airbnb Rental Income: $554 Traditional Rental Income: $1485 Airbnb ROI: -1.01% Traditional ROI: 4.13%
832 Combel Street Waveland, MS This gorgeous new construction doesn't just check boxes--it delivers. The open kitchen and...	3 beds \| 3 baths \| 1,851 sq.ft.	$369,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 5.12% Airbnb Rental Income: $1251 Traditional Rental Income: $2240 Airbnb ROI: 1.11% Traditional ROI: 5.12%
174 Blue Heron Cove Waveland, MS Welcome to 174 Blue Heron Cove, a beautifully updated two-story home in the heart of Wavel...	3 beds \| 3 baths \| 2,750 sq.ft.	$499,900	Airbnb cash on cash: -0.3% Traditional cash on cash: 4.29% Airbnb Rental Income: $1251 Traditional Rental Income: $3001 Airbnb ROI: -0.3% Traditional ROI: 4.29%
413 Old Spanish Trail Waveland, MS Charming Brick Home in Waveland - No Flood Insurance Required! Bring your favorite coffee ...	3 beds \| 2 baths \| 1,598 sq.ft.	$249,500	Airbnb cash on cash: 1.36% Traditional cash on cash: 6.16% Airbnb Rental Income: $1251 Traditional Rental Income: $1985 Airbnb ROI: 1.36% Traditional ROI: 6.16%
408 Waveland Avenue Waveland, MS New on the Market! Close to the Beach! Home offers 2b/2b with an open living/dining room w...	2 beds \| 2 baths \| 1,140 sq.ft.	$310,000	Airbnb cash on cash: -1.37% Traditional cash on cash: 3.23% Airbnb Rental Income: $554 Traditional Rental Income: $1612 Airbnb ROI: -1.37% Traditional ROI: 3.23%

Real Estate investment in Waveland, MS

There are 33 properties for sale in the city of Waveland . The median list price in Waveland is $319,500 and the average price per square foot is $192. In October 2025, the average monthly cash on cash return in Waveland is 5.00%. The average monthly rental income in Waveland is $2,011.

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

There are 33 investment properties available for sale in Waveland.

In 2025, 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 $2,011.

Your search for investment property begins and ends here

Investment Property for Sale in Waveland, MS

329 Davis Street

Waveland, MS

3 beds | 2 baths | N/A

$345,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 4%

Airbnb Rental Income: $1251

Traditional Rental Income: $1771

Airbnb ROI: 1.17%

Traditional ROI: 4%

122 Lakeside Drive

Waveland, MS

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

$380,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 2.47%

Airbnb Rental Income: $1251

Traditional Rental Income: $1573

Airbnb ROI: 0.45%

Traditional ROI: 2.47%

1001 Rue De Lasalle Street

Waveland, MS

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

$190,700

Airbnb cash on cash: 2.74%

Traditional cash on cash: 6.18%

Airbnb Rental Income: $1251

Traditional Rental Income: $1477

Airbnb ROI: 2.74%

Traditional ROI: 6.18%

304 Vacation Lane

Waveland, MS

3 beds | 2 baths | 2,030 sq.ft.

$289,000

Airbnb cash on cash: 0.82%

Traditional cash on cash: 5.34%

Airbnb Rental Income: $1251

Traditional Rental Income: $2085

Airbnb ROI: 0.82%

Traditional ROI: 5.34%

400 Merritt Street

Waveland, MS

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

$475,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1251

Traditional Rental Income: $2597

Airbnb ROI: 0.41%

Traditional ROI: 4.33%

403 Saint Jude Street

Waveland, MS

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

$227,000

Airbnb cash on cash: 1.4%

Traditional cash on cash: 5.21%

Airbnb Rental Income: $1169

Traditional Rental Income: $1604

Airbnb ROI: 1.4%

Traditional ROI: 5.21%

120 Mollere Drive

Waveland, MS

3 beds | 2 baths | 1,600 sq.ft.

$499,000

Airbnb cash on cash: -0.49%

Traditional cash on cash: 1.92%

Airbnb Rental Income: $1251

Traditional Rental Income: $1979

Airbnb ROI: -0.49%

Traditional ROI: 1.92%

206 Idlewood Drive

Waveland, MS

4 beds | 2 baths | 2,220 sq.ft.

$249,000

Airbnb cash on cash: 0.64%

Traditional cash on cash: 6.38%

Airbnb Rental Income: $1169

Traditional Rental Income: $2136

Airbnb ROI: 0.64%