534 N Forest Drive
Gulfport, MS 39507
3
Bed
1
Bath
0.22Acre(Lot)
Cash-Flowing Investment on a Large Corner Lot! Situated on a spacious corner lot just off Cowan Lorraine Road, this property puts you minutes from shopping, dining, entertainment, and boating — with the white sand beaches and salty Gulf breezes just a short drive away, all outside the flood zone. The 3-bedroom, 1-bath brick home is currently tenant-occupied at $1,200/month on a lease through May 2027, giving you immediate cash flow with taxes of just $1,274/year. A storage shed/workshop adds extra utility for tools, toys, or hobby space. Buy now as a turnkey rental, then step into your own personal home on the coast when the lease ends. Please allow 24 hours' notice for all showings out of respect for the current tenant.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 1 Full Baths: 1 -
Flooring Information
See Remarks -
Roofing Information
Asphalt, Shingle -
Interior Features
Ceiling Fan(s) Roof: Asphalt, Shingle Appliances: Electric Range Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup Window Features: Aluminum Frames -
Heating & Cooling
Has Heating: Yes Heating: Central, Natural Gas Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Electric
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Building Information
Year Built: 1981 Building Area Total: 1045 Construction Materials: Brick Veneer Stories: 1 Patio And Porch Features: Front Porch, Patio Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Lot Dimensions: 54' x 50' x 126' x 3' x 46' x 125' Main Square Feet: 0.22 Acres Lot Size Acres: 0.22 Lot Size Square Feet: 9583.2 Lot Description: City Lot, Corner Lot, Few TreesProperty Information
Subdivision: Sherwood Estates Source Property Type: Residential Zoning Description: Single Family Residential Property SubType: Single Family Residence Levels: One Property Age: 45
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Listing Price Information
Listing Price: $105000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 1010l-03-036.000 Tax Year: 2025 Annual Tax: $1319 Tax Legal Desc: LOT 47 SHERWOOD EST. SUBD.
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Parking Information
Driveway, On Street, Concrete
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1301 Redfish Drive, Gulfport, MS, 39507 | $333,760 | 4 | 3 | -- | |
| 1053 Flounder Way, Gulfport, MS, 39507 | $338,234 | 4 | 3 | -- | |
| 1303 Redfish Drive, Gulfport, MS, 39507 | $312,853 | 4 | 2 | -- | |
| 1117 Flounder Way, Gulfport, MS, 39507 | $310,572 | 3 | 2 | -- | |
| 1121 Flounder Way, Gulfport, MS, 39507 | $313,302 | 3 | 2 | -- | |
| 2228 Beach Drive, Gulfport, MS, 39507 | $529,900 | 3 | 2 | -- | |
| 402 Saint Charles Court, Gulfport, MS, 39507 | $265,000 | 4 | 2 | -- | |
| 731 Carter Drive, Gulfport, MS, 39507 | $117,000 | 4 | 3 | -- | |
| 717 Carter Drive, Gulfport, MS, 39507 | $180,000 | 3 | 1 | -- | |
| 632 Oakleigh Avenue, Gulfport, MS, 39507 | $325,000 | 4 | 2 | -- |
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Information is deemed to be reliable but not guaranteed. Copyright © 2026 MLS United, LLC.
ByOwner last updated this listing 07/18/2026 @ 00:51
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