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
105 Johnson Street Waveland, MS Welcome to 105 Johnson Street in Waveland! This spacious 4-bedroom, 2-bath home sits on ov...	4 beds \| 2 baths \| 2,651 sq.ft.	$344,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 4.81% Airbnb Rental Income: $2094 Traditional Rental Income: $2187 Airbnb ROI: 2.86% Traditional ROI: 4.81%
200 Gulfside St Waveland, MS TURNKEY COASTAL COTTAGE - FULLY FURNISHED, FULLY STOCKED & READY TO GENERATE RENTAL INCOME...	3 beds \| N/A baths \| 1,586 sq.ft.	$275,000	Airbnb cash on cash: 3.58% Traditional cash on cash: 4.74% Airbnb Rental Income: $1966 Traditional Rental Income: $1749 Airbnb ROI: 3.58% Traditional ROI: 4.74%
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: 3.6% Traditional cash on cash: 4.13% Airbnb Rental Income: $1966 Traditional Rental Income: $1587 Airbnb ROI: 3.6% Traditional ROI: 4.13%
401 Turner Street Waveland, MS A long private driveway leads through mature trees to 401 Turner Street, where warm wood, ...	3 beds \| 3 baths \| 2,831 sq.ft.	$550,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 3.5% Airbnb Rental Income: $1966 Traditional Rental Income: $2994 Airbnb ROI: 0.5% Traditional ROI: 3.5%
159 Vacation Lane Waveland, MS Experience the relaxed Mississippi Gulf Coast lifestyle with space, convenience and coasta...	3 beds \| 3 baths \| 1,560 sq.ft.	$487,500	Airbnb cash on cash: 1.23% Traditional cash on cash: 3.33% Airbnb Rental Income: $1966 Traditional Rental Income: $2411 Airbnb ROI: 1.23% Traditional ROI: 3.33%
225 Trout Street Waveland, MS Charming Updated Ranch on a Spacious Half-Acre Lot Welcome home to this beautifully up...	3 beds \| 2 baths \| 1,370 sq.ft.	$239,000	Airbnb cash on cash: 4.06% Traditional cash on cash: 3.81% Airbnb Rental Income: $1966 Traditional Rental Income: $1392 Airbnb ROI: 4.06% Traditional ROI: 3.81%
710 Waveland Avenue Waveland, MS Great move in ready starter home waiting for it's new family. Newish roof and fresh paint ...	3 beds \| 1 baths \| 1,084 sq.ft.	$189,000	Airbnb cash on cash: 5.77% Traditional cash on cash: 4.98% Airbnb Rental Income: $1966 Traditional Rental Income: $1308 Airbnb ROI: 5.77% Traditional ROI: 4.98%
422 Merritt Street Waveland, MS Brand New FORTIFIED ROOF Just minutes to the beach, this charming coastal cottage is your ...	2 beds \| 1 baths \| 1,028 sq.ft.	$209,500	Airbnb cash on cash: 4.31% Traditional cash on cash: 3.82% Airbnb Rental Income: $1725 Traditional Rental Income: $1150 Airbnb ROI: 4.31% Traditional ROI: 3.82%
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: -0.11% Traditional cash on cash: 1.04% Airbnb Rental Income: $2094 Traditional Rental Income: $2623 Airbnb ROI: -0.11% Traditional ROI: 1.04%
111 North Street Waveland, MS BACK ON THE MARKET AT NO FAULT OF THE SELLER!! Coastal living at its finest! Located just ...	3 beds \| 3 baths \| 1,400 sq.ft.	$399,999	Airbnb cash on cash: 1.66% Traditional cash on cash: 3.12% Airbnb Rental Income: $1966 Traditional Rental Income: $1996 Airbnb ROI: 1.66% Traditional ROI: 3.12%
909 Dicks Street Waveland, MS Charming 3-bedroom, 1-bath cottage full of potential! This adorable home features a welcom...	3 beds \| 1 baths \| 1,139 sq.ft.	$190,000	Airbnb cash on cash: 5.77% Traditional cash on cash: 6.81% Airbnb Rental Income: $1966 Traditional Rental Income: $1638 Airbnb ROI: 5.77% Traditional ROI: 6.81%
255 Pine Ridge Drive Waveland, MS Just a short distance from the beaches of Waveland, this inviting 3-bedroom home captures ...	3 beds \| 3 baths \| 2,537 sq.ft.	$365,000	Airbnb cash on cash: 2.57% Traditional cash on cash: 6.13% Airbnb Rental Income: $1966 Traditional Rental Income: $2669 Airbnb ROI: 2.57% Traditional ROI: 6.13%
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: 0.79% Traditional cash on cash: 2.58% Airbnb Rental Income: $2094 Traditional Rental Income: $2499 Airbnb ROI: 0.79% Traditional ROI: 2.58%
220 S Beach Boulevard Waveland, MS Beach Front w/ DOCK ! Come pick your FLOORS, CABINETS, FIXTURES, PAINT etc. This home has ...	3 beds \| 2 baths \| 1,740 sq.ft.	$972,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 0.77% Airbnb Rental Income: $1966 Traditional Rental Income: $2076 Airbnb ROI: 0.08% Traditional ROI: 0.77%
816 S Beach Boulevard Waveland, MS Enjoy unobstructed views of the Mississippi Sound from this beautifully remodeled 2-bedroo...	2 beds \| 2 baths \| 1,200 sq.ft.	$750,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 0.94% Airbnb Rental Income: $1725 Traditional Rental Income: $1926 Airbnb ROI: -0.03% Traditional ROI: 0.94%
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.	$235,000	Airbnb cash on cash: 4.37% Traditional cash on cash: 6.87% Airbnb Rental Income: $1966 Traditional Rental Income: $2006 Airbnb ROI: 4.37% Traditional ROI: 6.87%
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: 0.36% Traditional cash on cash: 2.11% Airbnb Rental Income: $2094 Traditional Rental Income: $3299 Airbnb ROI: 0.36% 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: 0.48% Traditional cash on cash: 2.39% Airbnb Rental Income: $2094 Traditional Rental Income: $3298 Airbnb ROI: 0.48% Traditional ROI: 2.39%
805 Herlihy Street Waveland, MS Updated 3-bedroom, 2-bath home with a tenant in place through February, currently renting ...	3 beds \| 2 baths \| 1,197 sq.ft.	$195,000	Airbnb cash on cash: 5.56% Traditional cash on cash: 5.83% Airbnb Rental Income: $1966 Traditional Rental Income: $1500 Airbnb ROI: 5.56% Traditional ROI: 5.83%
1200 Margie Street Waveland, MS A true custom home, this 2,146 sq. ft. Waveland property is a perfect example of the quali...	3 beds \| 3 baths \| 2,146 sq.ft.	$349,900	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.2% Airbnb Rental Income: $1966 Traditional Rental Income: $1780 Airbnb ROI: 2.2% Traditional ROI: 3.2%
5049 Georgia Street Waveland, MS This canal front home in Bay St. Louis puts waterfront living within reach, with direct ac...	3 beds \| 2 baths \| 1,515 sq.ft.	$439,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 3.32% Airbnb Rental Income: $1761 Traditional Rental Income: $1890 Airbnb ROI: 1.83% Traditional ROI: 3.32%
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: 1.9% Traditional cash on cash: 3.73% Airbnb Rental Income: $1966 Traditional Rental Income: $2169 Airbnb ROI: 1.9% 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 \| 945 sq.ft.	$305,000	Airbnb cash on cash: 2.57% Traditional cash on cash: 4.21% Airbnb Rental Income: $1725 Traditional Rental Income: $1719 Airbnb ROI: 2.57% Traditional ROI: 4.21%
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.	$699,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 3.97% Airbnb Rental Income: $1966 Traditional Rental Income: $3728 Airbnb ROI: 0.48% Traditional ROI: 3.97%
1225 Taranto Street Waveland, MS Handsome New Construction Home tucked away in a quiet, private neighborhood - just minutes...	3 beds \| 2 baths \| 1,300 sq.ft.	$399,500	Airbnb cash on cash: 2.58% Traditional cash on cash: 3.56% Airbnb Rental Income: $1966 Traditional Rental Income: $1815 Airbnb ROI: 2.58% Traditional ROI: 3.56%
215 Blue Heron Cove Waveland, MS Experience the best of coastal living in this beautifully renovated home located just one ...	4 beds \| 4 baths \| 2,595 sq.ft.	$599,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 3.32% Airbnb Rental Income: $2094 Traditional Rental Income: $2778 Airbnb ROI: 1.13% Traditional ROI: 3.32%
263 Pine Ridge Drive Waveland, MS Coastal Living Just Steps from the Mississippi Sound! This well-maintained, thoughtfully u...	4 beds \| 2 baths \| 1,700 sq.ft.	$227,500	Airbnb cash on cash: 4.95% Traditional cash on cash: 7.56% Airbnb Rental Income: $2094 Traditional Rental Income: $2116 Airbnb ROI: 4.95% Traditional ROI: 7.56%
1002 Washington Street Waveland, MS Update! Seller willing to offer $5,000 in concessions with full price offer! Discover peac...	2 beds \| 1 baths \| 835 sq.ft.	$194,000	Airbnb cash on cash: 4.81% Traditional cash on cash: 3.28% Airbnb Rental Income: $1725 Traditional Rental Income: $967 Airbnb ROI: 4.81% Traditional ROI: 3.28%
610 Waveland Avenue Waveland, MS Welcome Home! This home is located in the heart of Waveland, close to the beach, Splash Pa...	3 beds \| 2 baths \| 1,320 sq.ft.	$205,000	Airbnb cash on cash: 5.48% Traditional cash on cash: 6.32% Airbnb Rental Income: $1966 Traditional Rental Income: $1614 Airbnb ROI: 5.48% Traditional ROI: 6.32%
705 Saint Joseph Street Waveland, MS The perfect home for a first-time buyer, growing family, or investment property! This invi...	3 beds \| 2 baths \| 1,769 sq.ft.	$229,000	Airbnb cash on cash: 4.76% Traditional cash on cash: 5.76% Airbnb Rental Income: $1966 Traditional Rental Income: $1667 Airbnb ROI: 4.76% Traditional ROI: 5.76%
110 Yarborough Place Waveland, MS Beautifully maintained three-bedroom, two-bath home located in a quiet Waveland neighborho...	3 beds \| 2 baths \| 1,859 sq.ft.	$275,000	Airbnb cash on cash: 3.57% Traditional cash on cash: 4.79% Airbnb Rental Income: $1966 Traditional Rental Income: $1766 Airbnb ROI: 3.57% Traditional ROI: 4.79%
209 Blue Heron Cove Waveland, MS PRICE IMPROVEMENT! An excellent opportunity to own this beautiful property at an improved ...	4 beds \| 3 baths \| 2,300 sq.ft.	$524,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 2.39% Airbnb Rental Income: $2094 Traditional Rental Income: $2034 Airbnb ROI: 1.42% Traditional ROI: 2.39%
811 View Street Waveland, MS Just minutes from the beach and close to downtown, this stunning turn key vacation rental ...	4 beds \| 3 baths \| 2,228 sq.ft.	$349,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.24% Airbnb Rental Income: $2094 Traditional Rental Income: $2140 Airbnb ROI: 2.45% Traditional ROI: 4.24%
229 N Beach Boulevard Waveland, MS Coastal living with room to breathe! Situated on over an acre directly across from the bea...	4 beds \| 3 baths \| 2,431 sq.ft.	$1,299,999	Airbnb cash on cash: -0.59% Traditional cash on cash: 0.09% Airbnb Rental Income: $2094 Traditional Rental Income: $2377 Airbnb ROI: -0.59% Traditional ROI: 0.09%
215 Old Spanish Trail Waveland, MS Welcome to your ideal coastal retreat! Nestled on a spacious, half-acre lot in the heart o...	4 beds \| 2 baths \| 1,552 sq.ft.	$259,000	Airbnb cash on cash: 4.06% Traditional cash on cash: 4.42% Airbnb Rental Income: $2094 Traditional Rental Income: $1644 Airbnb ROI: 4.06% Traditional ROI: 4.42%
1102 Grove Street Waveland, MS Have you been looking for a home in the Waveland/Bay St Louis area that does NOT require F...	3 beds \| 2 baths \| 1,845 sq.ft.	$340,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 3.66% Airbnb Rental Income: $1966 Traditional Rental Income: $1761 Airbnb ROI: 2.68% Traditional ROI: 3.66%
1428 Margie Street Waveland, MS Well-maintained and upgraded home in a desirable neighborhood, within walking distance of ...	3 beds \| 2 baths \| 1,268 sq.ft.	$190,000	Airbnb cash on cash: 5.44% Traditional cash on cash: 5.14% Airbnb Rental Income: $1966 Traditional Rental Income: $1396 Airbnb ROI: 5.44% Traditional ROI: 5.14%
105 Baker Street Waveland, MS New Home on the Market! Offering 2b/2b with high ceilings and an open floor plan. Sits on ...	2 beds \| 2 baths \| 1,344 sq.ft.	$335,000	Airbnb cash on cash: 2.57% Traditional cash on cash: 3.58% Airbnb Rental Income: $1725 Traditional Rental Income: $1565 Airbnb ROI: 2.57% Traditional ROI: 3.58%
815 N Beach Boulevard Waveland, MS OLD-WORLD ELEGANCE MEETS COASTAL LUXURY ON THE MISSISSIPPI GULF COAST! Discover extraordin...	5 beds \| 4 baths \| 4,800 sq.ft.	$2,675,000	Airbnb cash on cash: -0.35% Traditional cash on cash: -0.47% Airbnb Rental Income: $3501 Traditional Rental Income: $2439 Airbnb ROI: -0.35% Traditional ROI: -0.47%

Real Estate investment in Waveland, MS

There are 40 properties for sale in the city of Waveland . The median list price in Waveland is $294,860 and the average price per square foot is $156. In November 2026, the average monthly cash on cash return in Waveland is 4.00%. The average monthly rental income in Waveland is $2,001.

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

There are 40 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 $2,001.

Your search for investment property begins and ends here

Investment Property for Sale in Waveland, MS

105 Johnson Street

Waveland, MS

4 beds | 2 baths | 2,651 sq.ft.

$344,900

Airbnb cash on cash: 2.86%

Traditional cash on cash: 4.81%

Airbnb Rental Income: $2094

Traditional Rental Income: $2187

Airbnb ROI: 2.86%

Traditional ROI: 4.81%

200 Gulfside St

Waveland, MS

3 beds | N/A baths | 1,586 sq.ft.

$275,000

Airbnb cash on cash: 3.58%

Traditional cash on cash: 4.74%

Airbnb Rental Income: $1966

Traditional Rental Income: $1749

Airbnb ROI: 3.58%

Traditional ROI: 4.74%

205 Jeff Davis Avenue

Waveland, MS

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

$275,000

Airbnb cash on cash: 3.6%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $1966

Traditional Rental Income: $1587

Airbnb ROI: 3.6%

Traditional ROI: 4.13%

401 Turner Street

Waveland, MS

3 beds | 3 baths | 2,831 sq.ft.

$550,000

Airbnb cash on cash: 0.5%

Traditional cash on cash: 3.5%

Airbnb Rental Income: $1966

Traditional Rental Income: $2994

Airbnb ROI: 0.5%

Traditional ROI: 3.5%

159 Vacation Lane

Waveland, MS

3 beds | 3 baths | 1,560 sq.ft.

$487,500

Airbnb cash on cash: 1.23%

Traditional cash on cash: 3.33%

Airbnb Rental Income: $1966

Traditional Rental Income: $2411

Airbnb ROI: 1.23%

Traditional ROI: 3.33%

225 Trout Street

Waveland, MS

3 beds | 2 baths | 1,370 sq.ft.

$239,000

Airbnb cash on cash: 4.06%

Traditional cash on cash: 3.81%

Airbnb Rental Income: $1966

Traditional Rental Income: $1392

Airbnb ROI: 4.06%

Traditional ROI: 3.81%

710 Waveland Avenue

Waveland, MS

3 beds | 1 baths | 1,084 sq.ft.

$189,000

Airbnb cash on cash: 5.77%

Traditional cash on cash: 4.98%

Airbnb Rental Income: $1966

Traditional Rental Income: $1308

Airbnb ROI: 5.77%

Traditional ROI: 4.98%

422 Merritt Street

Waveland, MS

2 beds | 1 baths | 1,028 sq.ft.

$209,500

Airbnb cash on cash: 4.31%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $1725

Traditional Rental Income: $1150

Airbnb ROI: 4.31%