About This Home

This 17-bedroom, 11-bathroom residential multi family at 12506 Lorraine Road in Biloxi, MS is listed for $1,595,000 ($142 per sqft). the home offers 11,269 sqft of living space on a 36.38 acres lot.

Key Features

  • 36.38 acre lot
  • Fireplace

Property Details

1 story
11 full

Amenities

FireplaceA/C
Listing Description

+/-36.38 acres with 4 single family homes and 2 duplexes in Woolmarket, one of the most sought-after areas on the Mississippi Gulf Coast. This property has been held by one family for decades: three ponds, old oaks and six homes, all inside Biloxi city limits.

Turn off Lorraine Rd and the oaks close in over the drive. By the time you reach the ponds, you've forgotten the road is there. It feels like land you'd drive an hour out of town for, but Woolmarket keeps you close to everything: I-10 at the Lorraine-Cowan exit is 5 minutes away, both Keesler AFB and the Seabee Base are less than 25 minutes away, and shopping and dining at the Promenade and Crossroads are 15 minute drives either way.

Woolmarket Elementary, Taranto's Crawfish, and a convenience store are less than a mile down the road. Excellent multigenerational property. Live in the main house, put everyone else in the others, and let the rent from what's left over help carry it; 6 of the 8 doors are currently rented with month-to-month leases.

Homes on Lorraine: 12506 Lorraine, the brick main house (3BR/2BA, sun room, 29-ft bonus room); 12448 Lorraine a two-story with a fireplace and bay-window kitchen that sits on the ponds; and 12056 A/B Lorraine, a duplex out front. Around the corner on Shorecrest: 12331 Shorecrest, a 3BR/2BA home, 12193 A/B Shorecrest, a second duplex, and finally, 12193 Shorecrest, the old Coalville Methodist parsonage (built around 1850).

That's just under 11,000 sq ft of total living space in all. Each home is also listed on its own. Acreage approximate, subject to survey. Buyer to verify exact square footage of properties. Buyer to verify all information. Some photos digitally edited to remove seller's personal property, which will be removed prior to closing. Seven tax parcels are included in this sale: 1008H-01-003.000, 1008H-01-003.001, 1008H-01-002.000, 1008H-01-010.000, 1008H-01-008.000, 1108E-01-016.000, 1108E-01-017.000.

Monthly Cost Estimate

$8,530/mo

20% down · 6.5% · 30 years

Principal$1,154
Interest$6,912
Insurance$465

Estimates only. Actual payments may vary.

Location

12506 Lorraine Road

Biloxi, MS 39532

Metes And Bounds

Property Details

Parking

Driveway

Heating

Central

Cooling

Central Air

Appliances

DryerRefrigeratorWasherDishwasherFree-Standing Electric Range

Questions & Answers

This 17-bedroom, 11-bathroom residential multi family at 12506 Lorraine Road is listed at $1,595,000 ($142/sqft). The estimated monthly payment is $8,530 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 36.38 acre lot, Fireplace.

This property is listed by Janice M Ferguson and can be reached at 2282241515.

JF

Janice M Ferguson

License S59571

Agent at Epique

(228) 224-1515

Listed by Epique · Broker phone: (888) 893-3537 · View on Broker Site · Broker website

MLS# 4164499· Source: MLS United· 5 days on PropertySimple

Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

12506 Lorraine Road, Biloxi, MS 39532

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