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
918 Sears Ave Waveland, MS Own a part of Waveland History. This historic beach cottage features 3 bedrooms and 2 full...	3 beds \| 2 baths \| 1,601 sq.ft.	$296,900	Airbnb cash on cash: 2.94% Traditional cash on cash: 3.61% Airbnb Rental Income: $1818 Traditional Rental Income: $1513 Airbnb ROI: 2.94% Traditional ROI: 3.61%
928 Longo St Waveland, MS Wonderful Vintage cottage in a great neighborhood. Cozy nook for reading, studio area, di...	3 beds \| 2 baths \| 1,526 sq.ft.	$295,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 3.95% Airbnb Rental Income: $1818 Traditional Rental Income: $1539 Airbnb ROI: 3.19% Traditional ROI: 3.95%
202 Pine St Waveland, MS Make this your weekend retreat. Cute cottage a nice lot near the beach in Waveland. 1b/1b...	1 beds \| 1 baths \| 900 sq.ft.	$120,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 3.82% Airbnb Rental Income: $902 Traditional Rental Income: $733 Airbnb ROI: 2.35% Traditional ROI: 3.82%
305 Hoffman Ln Waveland, MS Nestled amongst majestic Live Oaks on one of Waveland's most charming hidden streets, this...	3 beds \| 2 baths \| 1,602 sq.ft.	$539,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 2.69% Airbnb Rental Income: $1818 Traditional Rental Income: $2213 Airbnb ROI: 0.93% Traditional ROI: 2.69%
121 Mollere Dr Waveland, MS $10,000 PRICE ADJUSTMENT!!! Motivated Seller! Welcome to your beachside retreat! This char...	3 beds \| 2 baths \| 1,606 sq.ft.	$449,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 2.57% Airbnb Rental Income: $1818 Traditional Rental Income: $2044 Airbnb ROI: 0.86% Traditional ROI: 2.57%
924 Washington Street Waveland, MS This 3-bedroom, 2-bath home offers a flexible layout, a spacious lot, and a location that ...	3 beds \| 2 baths \| 1,331 sq.ft.	$108,000	Airbnb cash on cash: 9.22% Traditional cash on cash: 11.23% Airbnb Rental Income: $1818 Traditional Rental Income: $1537 Airbnb ROI: 9.22% Traditional ROI: 11.23%
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: 3.13% Traditional cash on cash: 4.13% Airbnb Rental Income: $1818 Traditional Rental Income: $1587 Airbnb ROI: 3.13% Traditional ROI: 4.13%
300 S Beach Blvd Waveland, MS Being located on a prime corner beach lot in Waveland affords this stunning house a panora...	4 beds \| 4 baths \| 3,975 sq.ft.	$1,890,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 0.79% Airbnb Rental Income: $954 Traditional Rental Income: $4001 Airbnb ROI: -1.15% Traditional ROI: 0.79%
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.	$325,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 4.31% Airbnb Rental Income: $1818 Traditional Rental Income: $1771 Airbnb ROI: 2.85% Traditional ROI: 4.31%
159 Vacation Ln Waveland, MS Experience the relaxed Mississippi Gulf Coast lifestyle with space, convenience and coasta...	3 beds \| 2 baths \| 1,560 sq.ft.	$487,500	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.33% Airbnb Rental Income: $1818 Traditional Rental Income: $2411 Airbnb ROI: 0.96% Traditional ROI: 3.33%
225 Trout St Waveland, MS Charming Updated Ranch on a Spacious Half-Acre Lot Welcome home to this beautifully up...	3 beds \| 1 baths \| 1,370 sq.ft.	$239,000	Airbnb cash on cash: 3.52% Traditional cash on cash: 3.81% Airbnb Rental Income: $1818 Traditional Rental Income: $1392 Airbnb ROI: 3.52% Traditional ROI: 3.81%
1705 Waveland Ave Waveland, MS Owner is Motivated. Bring all offers. Vacant Land. Zoned R-3 for Single Family, Two Family...	N/A beds \| N/A baths \| N/A	$152,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $1340 Airbnb ROI: N/A Traditional ROI: 5.74%
1540 Waveland Ave Waveland, MS Good Looking home on large lot. Large master bedroom. Open living/dining/kitchen area. Hou...	2 beds \| 2 baths \| 1,319 sq.ft.	$189,400	Airbnb cash on cash: 3.04% Traditional cash on cash: 6.03% Airbnb Rental Income: $1328 Traditional Rental Income: $1456 Airbnb ROI: 3.04% Traditional ROI: 6.03%
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.	$203,500	Airbnb cash on cash: 5.2% Traditional cash on cash: 5.74% Airbnb Rental Income: $1818 Traditional Rental Income: $1430 Airbnb ROI: 5.2% Traditional ROI: 5.74%
311 Waveland Ave Waveland, MS Just 1/2 mile from the beach, this adorable 4-year-young cottage offers the open floor pla...	4 beds \| 3 baths \| 1,798 sq.ft.	$479,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 2.58% Airbnb Rental Income: $954 Traditional Rental Income: $2121 Airbnb ROI: -0.8% Traditional ROI: 2.58%
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: 5.48% Traditional cash on cash: 6.33% Airbnb Rental Income: $1818 Traditional Rental Income: $1477 Airbnb ROI: 5.48% Traditional ROI: 6.33%
304 Vacation Ln 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.	$253,700	Airbnb cash on cash: 3.04% Traditional cash on cash: 6.21% Airbnb Rental Income: $1818 Traditional Rental Income: $2085 Airbnb ROI: 3.04% Traditional ROI: 6.21%
216 Dogwood Street Waveland, MS Compare and see! This 1,600+ square foot home in move-in ready condition might be the best...	3 beds \| 2 baths \| 1,644 sq.ft.	$177,000	Airbnb cash on cash: 5.15% Traditional cash on cash: 8.59% Airbnb Rental Income: $1818 Traditional Rental Income: $1906 Airbnb ROI: 5.15% Traditional ROI: 8.59%
4044 Camellia St #A & B Waveland, MS Great rental opportunity. Duplex with two long term tenants, will need 24 hours to show. ...	6 beds \| 4 baths \| 2,916 sq.ft.	$278,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 8.37% Airbnb Rental Income: $1818 Traditional Rental Income: $2880 Airbnb ROI: 2.44% Traditional ROI: 8.37%
904 Waveland Ave Waveland, MS Charming 4-Bedroom, 2.5-Bathroom Home with Pool on a Spacious Corner LotThis inviting 4-be...	4 beds \| 2 baths \| 1,990 sq.ft.	$297,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.89% Airbnb Rental Income: $954 Traditional Rental Income: $2569 Airbnb ROI: -0.13% Traditional ROI: 6.89%
422 Merritt St 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: 2.65% Traditional cash on cash: 3.82% Airbnb Rental Income: $1328 Traditional Rental Income: $1150 Airbnb ROI: 2.65% Traditional ROI: 3.82%
403 Saint Jude Street Waveland, MS PRICE REDUCTION! You will not want to miss out on this charming 4 bed, 2 bath, with fenced...	4 beds \| 2 baths \| 1,494 sq.ft.	$159,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 7.78% Airbnb Rental Income: $954 Traditional Rental Income: $1604 Airbnb ROI: 1.21% Traditional ROI: 7.78%
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...	2 beds \| 2 baths \| 1,600 sq.ft.	$479,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.04% Airbnb Rental Income: $1328 Traditional Rental Income: $1979 Airbnb ROI: -0.33% Traditional ROI: 2.04%
426 Merritt St Waveland, MS Buy through Auction.com. This foreclosure property is a great opportunity to invest in thi...	4 beds \| 3 baths \| 2,450 sq.ft.	$259,500	Airbnb cash on cash: -0.33% Traditional cash on cash: 6.09% Airbnb Rental Income: $954 Traditional Rental Income: $2178 Airbnb ROI: -0.33% Traditional ROI: 6.09%
218 S Beach Blvd Waveland, MS Beautiful beachfront home in Waveland! Sold fully furnished! Move right in and enjoy panor...	4 beds \| 2 baths \| 2,539 sq.ft.	$999,000	Airbnb cash on cash: -1.13% Traditional cash on cash: 1.04% Airbnb Rental Income: $954 Traditional Rental Income: $2623 Airbnb ROI: -1.13% Traditional ROI: 1.04%
111 North St Waveland, MS Coastal living at its finest! Located just a short distance from the beautiful beaches of ...	3 beds \| 2 baths \| 1,400 sq.ft.	$415,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 2.98% Airbnb Rental Income: $1818 Traditional Rental Income: $1996 Airbnb ROI: 1.25% Traditional ROI: 2.98%
218 Dogwood St Waveland, MS Great starter home in a growing Waveland community.	3 beds \| 2 baths \| 1,336 sq.ft.	$160,000	Airbnb cash on cash: 6.27% Traditional cash on cash: 8.98% Airbnb Rental Income: $1818 Traditional Rental Income: $1740 Airbnb ROI: 6.27% Traditional ROI: 8.98%
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.	$499,500	Airbnb cash on cash: 0.85% Traditional cash on cash: 2.15% Airbnb Rental Income: $1818 Traditional Rental Income: $1935 Airbnb ROI: 0.85% Traditional ROI: 2.15%
139 Sarahs Ln Waveland, MS Featuring four spacious bedrooms, two full bathrooms, and two half bathrooms, this stunnin...	4 beds \| 2 baths \| 2,148 sq.ft.	$565,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 2.58% Airbnb Rental Income: $954 Traditional Rental Income: $2499 Airbnb ROI: -1.01% Traditional ROI: 2.58%
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.	$749,900	Airbnb cash on cash: 2.22% Traditional cash on cash: 2.82% Airbnb Rental Income: $3561 Traditional Rental Income: $3201 Airbnb ROI: 2.22% Traditional ROI: 2.82%
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.	$365,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 3.71% Airbnb Rental Income: $1818 Traditional Rental Income: $2036 Airbnb ROI: 1.64% Traditional ROI: 3.71%
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.	$974,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 0.77% Airbnb Rental Income: $1818 Traditional Rental Income: $2076 Airbnb ROI: -0.06% Traditional ROI: 0.77%
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.	$239,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.33% Airbnb Rental Income: $1328 Traditional Rental Income: $1485 Airbnb ROI: 1.83% Traditional ROI: 4.33%
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.	$264,500	Airbnb cash on cash: 1.16% Traditional cash on cash: 3.94% Airbnb Rental Income: $1328 Traditional Rental Income: $1612 Airbnb ROI: 1.16% Traditional ROI: 3.94%
1803 Henderson St Waveland, MS Approx. 2832 square feet of comfortable living space. Staged photos are AI generated with ...	3 beds \| 2 baths \| 2,832 sq.ft.	$399,000	Airbnb cash on cash: 1.75% Traditional cash on cash: 5.63% Airbnb Rental Income: $1818 Traditional Rental Income: $2775 Airbnb ROI: 1.75% Traditional ROI: 5.63%
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.	$385,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 3.99% Airbnb Rental Income: $1818 Traditional Rental Income: $2037 Airbnb ROI: 2.03% Traditional ROI: 3.99%
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.	$235,000	Airbnb cash on cash: 3.81% Traditional cash on cash: 6.87% Airbnb Rental Income: $1818 Traditional Rental Income: $2006 Airbnb ROI: 3.81% Traditional ROI: 6.87%
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: -0.59% Traditional cash on cash: 2.11% Airbnb Rental Income: $954 Traditional Rental Income: $3299 Airbnb ROI: -0.59% 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: -0.56% Traditional cash on cash: 2.39% Airbnb Rental Income: $954 Traditional Rental Income: $3298 Airbnb ROI: -0.56% Traditional ROI: 2.39%
805 Herlihy St Waveland, MS Updated, tenant-occupied property ideal for investors or buyers not requiring immediate oc...	3 beds \| 2 baths \| 1,197 sq.ft.	$189,000	Airbnb cash on cash: 5.08% Traditional cash on cash: 6.05% Airbnb Rental Income: $1818 Traditional Rental Income: $1500 Airbnb ROI: 5.08% Traditional ROI: 6.05%

Real Estate investment in Waveland, MS

There are 240 properties for sale in the city of Waveland . The median list price in Waveland is $306,816 and the average price per square foot is $162. In September 2026, the average monthly cash on cash return in Waveland is 7.00%. The average monthly rental income in Waveland is $561.

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

There are 240 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 $561.

Your search for investment property begins and ends here

Investment Property for Sale in Waveland, MS

918 Sears Ave

Waveland, MS

3 beds | 2 baths | 1,601 sq.ft.

$296,900

Airbnb cash on cash: 2.94%

Traditional cash on cash: 3.61%

Airbnb Rental Income: $1818

Traditional Rental Income: $1513

Airbnb ROI: 2.94%

Traditional ROI: 3.61%

928 Longo St

Waveland, MS

3 beds | 2 baths | 1,526 sq.ft.

$295,000

Airbnb cash on cash: 3.19%

Traditional cash on cash: 3.95%

Airbnb Rental Income: $1818

Traditional Rental Income: $1539

Airbnb ROI: 3.19%

Traditional ROI: 3.95%

202 Pine St

Waveland, MS

1 beds | 1 baths | 900 sq.ft.

$120,000

Airbnb cash on cash: 2.35%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $902

Traditional Rental Income: $733

Airbnb ROI: 2.35%

Traditional ROI: 3.82%

305 Hoffman Ln

Waveland, MS

3 beds | 2 baths | 1,602 sq.ft.

$539,000

Airbnb cash on cash: 0.93%

Traditional cash on cash: 2.69%

Airbnb Rental Income: $1818

Traditional Rental Income: $2213

Airbnb ROI: 0.93%

Traditional ROI: 2.69%

121 Mollere Dr

Waveland, MS

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

$449,000

Airbnb cash on cash: 0.86%

Traditional cash on cash: 2.57%

Airbnb Rental Income: $1818

Traditional Rental Income: $2044

Airbnb ROI: 0.86%

Traditional ROI: 2.57%

924 Washington Street

Waveland, MS

3 beds | 2 baths | 1,331 sq.ft.

$108,000

Airbnb cash on cash: 9.22%

Traditional cash on cash: 11.23%

Airbnb Rental Income: $1818

Traditional Rental Income: $1537

Airbnb ROI: 9.22%

Traditional ROI: 11.23%

205 Jeff Davis Avenue

Waveland, MS

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

$275,000

Airbnb cash on cash: 3.13%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $1818

Traditional Rental Income: $1587

Airbnb ROI: 3.13%

Traditional ROI: 4.13%

300 S Beach Blvd

Waveland, MS

4 beds | 4 baths | 3,975 sq.ft.

$1,890,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: 0.79%

Airbnb Rental Income: $954

Traditional Rental Income: $4001

Airbnb ROI: -1.15%