Own Land in Waveland for Less Than Rent 0.14 acre Buildable Lot
Price reduced — motivated seller
Own an affordable 0.14-acre residential lot in Waveland, Mississippi, just about 7 minutes to the Gulf. This is a great spot for a raised coastal cottage, starter home, or long-term hold in a growing Gulf Coast area. You’re close to beaches, parks, boating, and the shops + restaurants of Bay St. Louis — with no HOA rules to deal with.
Property Facts
- Size: 0.14 acres
- Zoning: R-1 Single-Family Residential (no mobile homes)
- Parcel / APN: 138Q-0-34-107.000
- Flood Zone: FEMA AE (elevated construction typically required — buyer to confirm build elevation)
- Utilities: Water, sewer, and electric at/near the street (buyer to verify availability + connection costs)
- HOA: None
- 2025 Property Taxes: $120.69/year
Location Highlights
- 7 minutes to Gulf beaches + Garfield Pier
- 10 minutes to Bay St. Louis (harbor, dining, shops, galleries, live music)
- 12 minutes to Buc...
- 12 minutes to Buccaneer State Park
- 25 minutes to Silver Slipper Casino
- Golf nearby: The Bridges Golf Club (Jack Nicklaus design)
- 1 hour to New Orleans
Why Buyers Like This Lot
- Residential neighborhood feel — surrounded by existing homes
- Small, manageable lot size (great for a low-maintenance build)
- Coastal lifestyle without HOA restrictions
- Strong “weekend basecamp” potential: beach days, boating, parks, and entertainment close by
Pricing & Terms
- Cash Price: $10,000
- Owner Financing: $12,000 total
- $1,000 down
- Up to 11 monthly payments
- 0% interest • no credit checks • no early payoff penalty
Included with Purchase
Property Packet + FEMA Flood Map + Zoning/Restrictions Guide + Area Attractions Guide + Waveland Investment Report.
Frequently Asked Questions
1) Can I build on this lot?
Yes. The property is zoned R-1 Single-Family Residential, which allows a site-built single-family home. Mobile homes are not permitted. Buyers should confirm building plans with the City of Waveland.
2) Is the lot buildable even though it’s in a flood zone?
Yes. The lot is in FEMA Flood Zone AE, which is common along the Gulf Coast. Homes in the area are typically built on elevated foundations to meet floodplain requirements. Buyers should verify required elevation and permitting details with local authorities.
3) Are utilities available?
Water, sewer, and electricity are available at or near the street. Buyers are responsible for verifying availability, tap fees, and connection costs with the utility providers or the city.
4) Is there an HOA?
No. There is no HOA, giving you more flexibility than many coastal properties.
5) What kind of home would work best here?
This lot is well-suited for a raised coastal cottage, starter home, or a small footprint primary or second home. Many nearby homes are already built in a similar style.
6) Can I visit the property anytime?
Yes. The lot is vacant and can be viewed from the street at your convenience. GPS coordinates and parcel maps are available upon request.
7) Is owner financing available?
Yes. Owner financing is available with no credit check, 0% interest, and no early payoff penalty. Terms are outlined in the pricing section.
8) Are there building or design restrictions?
Zoning is residential (R-1). Buyers should confirm setbacks, height limits, and floodplain construction requirements directly with the City of Waveland.
9) Why is this lot priced lower than some nearby properties?
This is a smaller residential lot priced to sell, offering an affordable entry point into the Waveland / Gulf Coast market. Similar lots in the area have sold for more depending on size, location, and timing.
10) Is this good as an investment?
Many buyers look at Waveland for long-term holds due to limited coastal land, proximity to Bay St. Louis, and ongoing redevelopment in the area. As with any investment, buyers should do their own due diligence.
Have questions? Call or text, we are happy to walk you through the property, financing, or next steps.
Call/Text Rebecca: 718-705-5872 or 347-528-8997
Dream Site Homes — Rebecca Matalon
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