534 N Forest Drive, Gulfport, MS 39507
Sherwood Estates · Harrison County
Key Facts
Description
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 Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1981
Living Area
1,045 sq ft
Lot Size
0.22 acres
Lot Dimensions
54' x 50' x 126' x 3' x 46' x 125'
MLS® Listing#
4156090
Property Features
- Interior:
- Ceiling Fan(s)
- Exterior:
- None
- Appliances:
- Electric Range
- Cooling:
- Ceiling Fan(s), Central Air, Electric
- Heating:
- Central, Natural Gas
- Flooring:
- See Remarks
- Parking:
- Driveway, On Street, Concrete
- Laundry:
- Electric Dryer Hookup, Inside, Washer Hookup
- Patio:
- Front Porch, Patio
- Fencing:
- None
- Lot Features:
- City Lot, Corner Lot, Few Trees
- Construction:
- Brick Veneer
- Foundation:
- Slab
- Roof:
- Asphalt, Shingle
- Windows:
- Aluminum Frames
- Security:
- Smoke Detector(s)
- Other Structures:
- Shed(s), Storage
- Utilities:
- Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- District:
- Gulfport Dist
HOA & Tax
- Annual Tax:
- $1,319 (2025)
- Parcel #:
- 1010l-03-036.000
Affordability Calculator
$21,000
Estimated monthly payment
$559/mo
Principal $84,000 · Est. interest $117,187 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Gulfport, MS
- $281,699
- Median Listing Price
- 73
- Median Days on Market
- 1,660
- Median Sq Ft
- $149
- Median Price / Sq Ft
- 578
- Active Listings
- This home’s price is 63% below the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Gulfport, MS.
Location
- 534 N Forest Drive, Gulfport, MS 39507
Nearby Schools
St. James Catholic School
School · 0.3 mi away
Gulfport High School
Secondary · 0.7 mi away
Anniston Avenue Elementary School
Elementary · 0.8 mi away
Pass Road Elementary School
Elementary · 1.2 mi away
Bayou View Middle School
Secondary · 1.7 mi away
Good Shepherd Christian Academy
School · 1.8 mi away
Bayou View Elementary School
Elementary · 1.9 mi away
Gulfport School District
School · 2.1 mi away
Central Elementary School
Elementary · 2.4 mi away
Lil Tots 2 Academy
School · 3.5 mi away
Gulfport School District
School · 3.5 mi away
First Student Bus Services
School · 3.5 mi away
Popps Ferry Elementary School
Elementary · 3.5 mi away
St. John Elementary School
Elementary · 4.0 mi away
Christian Collegiate Academy
Secondary · 4.1 mi away
Our Lady of Fatima Elementary School
Elementary · 4.2 mi away
North Gulfport Middle School
Elementary · 4.2 mi away
Beauvoir Elementary School
Elementary · 4.5 mi away
Crossroads Elementary School
Elementary · 4.7 mi away
Bel Aire Elementary School
Elementary · 4.8 mi away
Commute Calculator
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EXIT Agents in Gulfport
Listing Courtesy: Coldwell Banker Alfonso Realty-Lorraine Rd - 2282871000
Presented by: Philip J Leblanc