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.
Closed
Price Unknown
534 N Forest Dr, Gulfport, MS 39507
3beds
1,045sqft
Residential, Single Family Residence
Built in 1981
9,583 Square Feet Lot
$-- Zestimate®
$--/sqft
$1,374 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,374/mo
Zestimate® history
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Spacious corner lotLarge corner lot
Zillow last checked:
Listing updated:
Listed by:
Philip J Leblanc 228-860-0082,
Coldwell Banker Alfonso Realty-Lorraine Rd
Bought with:
Jennifer A McKinney, S59981
Expect Realty
Source: MLS United,MLS#: 4156090
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Electric Range
- Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: See Remarks
- Doors: Dead Bolt Lock(s)
- Windows: Aluminum Frames
- Has fireplace: No
Interior area
- Total structure area: 1,045
- Total interior livable area: 1,045 sqft
Property
Parking
- Parking features: Driveway, On Street, Concrete
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch, Patio
- Exterior features: None
- Fencing: None
Lot
- Size: 9,583 Square Feet
- Dimensions: 54' x 50' x 126' x 3' x 46' x 125'
- Features: City Lot, Corner Lot, Few Trees, Near Beach
Details
- Additional structures: Shed(s), Storage
- Parcel number: 1010l03036.000
- Zoning description: Single Family Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Brick Veneer, Siding
- Foundation: Slab
- Roof: Shingle,Asphalt
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Sherwood Estates
HOA
- Has HOA: No
Location
- Region: Gulfport
Financial & listing details
- Tax assessed value: $66,662
- Annual tax amount: $1,319
- Date on market: 7/16/2026
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2026 | Sold | -- |
Source: MLS United #4156090 Report a problem | ||
| 9/2/2026 | Pending sale | $105,000$100/sqft |
Source: MLS United #4156090 Report a problem | ||
| 7/16/2026 | Listed for sale | $105,000-11.8%$100/sqft |
Source: MLS United #4156090 Report a problem | ||
| 10/5/2025 | Listing removed | $119,000$114/sqft |
Source: MLS United #4094109 Report a problem | ||
| 9/18/2025 | Listed for sale | $119,000$114/sqft |
Source: MLS United #4094109 Report a problem | ||
| 9/5/2025 | Pending sale | $119,000$114/sqft |
Source: MLS United #4094109 Report a problem | ||
| 7/21/2025 | Price change | $119,000-14.4%$114/sqft |
Source: MLS United #4094109 Report a problem | ||
| 4/5/2025 | Listed for sale | $139,000$133/sqft |
Source: MLS United #4094109 Report a problem | ||
| 3/19/2025 | Listing removed | $139,000$133/sqft |
Source: MLS United #4094109 Report a problem | ||
| 10/15/2024 | Listed for sale | $139,000$133/sqft |
Source: MLS United #4094109 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,319 +6.2% | $9,999 +6.2% |
| 2024 | $1,242 -2.5% | $9,415 0% |
| 2023 | $1,274 | $9,419 |
| 2022 | $1,274 | $9,419 -85% |
| 2021 | $1,274 +7.2% | $62,792 +7.2% |
| 2020 | $1,189 | $58,587 +566.7% |
| 2019 | $1,189 | $8,788 |
| 2018 | $1,189 | $8,788 |
| 2017 | $1,189 | $8,788 -5.3% |
| 2015 | $1,189 -5.3% | $9,284 -11% |
| 2014 | $1,256 | $10,434 +12.4% |
| 2013 | -- | $9,284 |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: 39507
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Anniston Avenue Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 7/10Bayou View Middle SchoolGrades: 6-8Distance: 1.7 mi
- 8/10Gulfport High SchoolGrades: 9-12Distance: 0.7 mi
- Mississippi
- Harrison County
- Gulfport
- 39507
- 534 N Forest Dr
