The MLS data (Search Gulfport MLS) for lots and land in Gulfport MS shows new construction home building has slowed quite a bit over the past 12 months. Gulfport MS saw a huge explosion in new construction homes, lots and land sales over the past several years. As the MLS information shows, the last 12 months have shown a huge increase in lots and land inventory versus closed lots and the previously “red hot” new construction home building for the Gulfport MS area.
The current market data for Gulfport shows 517 single family lots are for sale in this central MS Coast area. Many of these lots are new phase development parts of new construction subdivisions. Over the past 12 months there have been 40 single family lots closed within the Gulfport limits through MLS. With 517 choices to pick from, new construction home seekers have a fabulous opportunity to get the most for their dollar.
Gulfport lots start at $1,500 for smaller tax-deed properties, with great opportunities from the mid $20,000’s up to the $50,000 range for conventional new construction home purchasers. Waterfront properties and rural homesites are also available at very reasonable prices found through motivated sellers. Multi-family lots are currently available starting at $14,900.
The record sale for a Gulfport lot or land site within the past 12 months was a 2.58 acre site with about 500 linear ft. on the bayou. It sold by way of cash for $875,000. Originally listed for 1 million, this fabulously located site had multi-family potential.
The most expensive land currently on the MLS for Gulfport is a 68 acre bayou-side parcel zoned for 3,500 units. It’s asking price….$8,000 per door AKA 28 million. We have much more information on this and all other forms of lots and land as well available upon request. Click contact us for information.
The good news about the lot and land availability in Gulfport is the willingness for builders to drastically cut their profit margins to stay busy. We are currently in the process of bringing forth the best priced builders throughout south Mississippi to showcase their products and price-points on our new site – MS Coast Land. This site should be rolling out great information by June 1st.
If you are looking for land to build or “land bank” give us a call to get a list of available properties matching your criteria. We can also direct you to the area’s top builders who are building at the best price-points! There are lots and land options not on the MLS that may fit your ideals better than anything else. We know how to find them. Click contact us for information today.