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  • Price cut: $1.1M (10/4)
    $1,595,000

    12506 Lorraine Rd, Biloxi, MS 39532

    17beds
    11,269sqft
    : 
    $10,136/mo
    Get pre-qualified
    Residential, Multi Family
    Built in ----
    -- sqft lot
    $1,502,300 Zestimate®
    $142/sqft
    $-- HOA

    What's special

    Old oaksBay-window kitchenBrick main houseSun roomThree ponds
    ±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.
    10 days
    452
    23

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Janice M Ferguson 228-224-1515,

    Epique 888-893-3537,

    Kelsie Parker 404-861-2191

    Source: MLS United,MLS#: 4164499

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 17
      • Bathrooms: 11
      • Full bathrooms: 11
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Free-Standing Electric Range, Refrigerator, Washer
      Features
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 11,269
      • Total interior livable area: 11,269 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Other
      • On waterfront: Yes
      • Waterfront features: Pond
      Lot
      • Size: 36.38 Acres
      Details
      • Additional structures: RV/Boat Storage, Shed(s)
      • Parcel number: 1008h01003.001

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Residential, Multi Family
      Materials
      • Brick, HardiPlank Type, Wood Siding, See Remarks
      • Foundation: See Remarks
      • Roof: Asphalt,Metal,See Remarks
      Condition
      • New construction: No

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Connected, Water Connected, See Remarks

      Community & HOA

      Community
      • Subdivision: Metes And Bounds
      HOA
      • Has HOA: No
      Location
      • Region: Biloxi

      Financial & listing details

      • Price per square foot: $142/sqft
      • Tax assessed value: $174,892
      • Annual tax amount: $10,753
      • Date on market: 10/4/2026
      • Electric utility on property: Yes

        Estimated market value

        $1,502,300

        $1.41M - $1.58M

        $1,782/mo

        Price history

        DateEventPrice
        10/4/2026Price change$499,000-68.7%$44/sqft
        Source: MLS United #4164501 Report a problem
        10/4/2026Listed for sale$1,595,000$142/sqft
        Source: MLS United #4164499 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,024 +5.2%$26,234 +5%
        2024$2,874 -4.2%$24,974 -3.8%
        2023$3,001 -0.6%$25,952 0%
        2022$3,020 +123.6%$25,953 -85%
        2021$1,351 -3.4%$173,017 +4.1%
        2020$1,398 -0.6%$166,174 +770.7%
        2019$1,407 $19,085
        2018$1,407 -0.8%$19,085
        2017$1,418 $19,085 -27.1%
        2015$1,418 -56.5%$26,185 -3.7%
        2014$3,261 $27,205 +3.9%
        2013-- $26,185
        2012-- --
        2011-- --
        2010-- $27,953
        2009-- --
        2008-- --
        2007-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        2000-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Woolmarket

        Getting around

        9 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Woolmarket
        • Middle: North Woolmarket Middle School
        • High: D'Iberville

        Source: MLS United. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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