±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.
Active
Price cut: $1.1M (10/4)
$1,595,000
12506 Lorraine Rd, Biloxi, MS 39532
17beds
11,269sqft
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
- 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
| Date | Event | Price |
|---|---|---|
| 10/4/2026 | Price change | $499,000-68.7%$44/sqft |
Source: MLS United #4164501 Report a problem | ||
| 10/4/2026 | Listed for sale | $1,595,000$142/sqft |
Source: MLS United #4164499 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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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Neighborhood: Woolmarket
Nearby schools
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.

