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5061&5063 Forrest Ave, Bay Saint Louis, MS, 39520

2beds
2baths
1,368sqft
$415,000
$303price/sqft
$3,079/moest. monthly cost
$123,160/yrincome needed

About This Home

Stunning Brand-New Duplex - Prime Investment Opportunity Just 2 Blocks from the Gulf! Discover this beautifully built duplex and enjoy effortless beach access, with the sandy shores and local fishing pier just a short walk away. Cruise down scenic South Beach Boulevard in your golf cart to charming downtown Bay St. Louis to waterfront bars & restaurants and or head to Waveland to the casino. Both units feature modern, open-concept floor plans with premium finishes, including quartz countertops and stainless steel appliances in the kitchens, full laundry rooms with washer and dryer, and convenient on-demand water heaters. Unit 5061 (owner's side) has it's own private garage and RV hook-ups. Both sides offer generous parking with extra-large pads and covered spaces, spacious patios, private balconies, and elevators for easy access. Nestled in a peaceful, quiet neighborhood bordered by Buccaneer State Park, this property offers the perfect blend of coastal living and investment potential. Live in one unit and rent the other, or turn both into highly sought-after vacation rentals -- the choice is yours! Don't miss this exceptional opportunity! Schedule your private viewing today and see why this duplex is truly a rare coastal gem.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

4/10
6/10
Hancock Middle SchoolGrades 6-88.2 mi
8/10
Hancock High SchoolGrades 9-128.2 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2025

Materials

  • Foundation: Pilings/Steel/Wood
  • Roof: Metal
  • Construction materials: HardiPlank Type

Type & Style

  • Home type: MultiFamily
  • Architectural style: Contemporary
  • Property subType: Multi Family,Duplex

Interior

Appliances

  • Appliances included: Dryer,Electric Water Heater,Free-Standing Range,Free-Standing Refrigerator,Microwave,Tankless Water Heater,Washer
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s),Elevator,Kitchen Island,Open Floorplan,Pantry
  • Door features: Dead Bolt Lock(s)
  • Window features: Double Pane Windows,Vinyl
  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Ceiling,Central,Electric,Forced Air
  • Cooling features: Ceiling Fan(s),Central Air,Electric

Interior Area

  • Total structure area: 1,368
  • Total interior livable area: 1,368 sqft

Property

Details

  • Parcel number: 164a017224.000

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Patio
  • Exterior features: Balcony,Elevator,RV Hookup
  • Fencing: None
  • On waterfront: Yes
  • Waterfront features: Beach Access

Lot

  • Lot size: 8,276 sqft
  • Features: Corner Lot

Parking

  • Total spaces: 6
  • Parking features: Attached Carport,Paved,Concrete
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 5
  • Carport: Yes
  • Carport spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Wildfire
Tsunami

FEMA Declared Disasters in Hancock County and Mississippi

Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,098$25,176
Home Insurance *$561$6,732
Property Taxes $228$2,736
Electricity $192$2,304
Total$3,079$36,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$105,565/yr
40% on housing$92,370/yr
45% on housing$82,106/yr

Mississippi FAIR Plan Programs

Mississippi Windstorm Underwriting Association

Covered
HailHail
WindWind
Visit Website →

Mississippi Residential Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,237Commercial: -4
Total Premiums$1.77M
Total Exposure$137.66M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.8%
8.8%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.4%
3.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$303This listing

vs Other Active Listings

Avg $/sqft

ZIP 39520$171
Hancock County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 39520$180
Hancock County$161

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Price change$415,000
2026-03-25Listed for sale$429,000
2026-01-01Listing removed$449,000
2025-09-12Price change$449,000
2025-05-20Price change$475,000
2025-03-27Listed for sale$499,900

New Construction

AgentCatherine Hayden
BrokerageProfessional Realty

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