Ideal for investors seeking a versatile opportunity near the Bay St. Louis waterfront, this unique Waveland property features a main residence plus a separate guest house, offering flexibility for a variety of potential uses. The primary home offers approximately 1,646 square feet with 3 bedrooms and 2 bathrooms, including a primary bedroom on the main level and two additional bedrooms with a full bath upstairs. Situated on the same property is an approximately 900 square foot detached guest house, complete with 1 bedroom, 1 bathroom, and a full kitchen. This secondary structure includes its own fenced backyard and rear porch, while a shared covered porch connects the two buildings, creating a cohesive and functional layout. The configuration of the property lends itself well to buyers looking to add value, with the potential for flexible occupancy or rental strategies utilizing both structures. With some updates and light renovation, the layout allows for multiple use scenarios while maintaining privacy between the buildings. The property may also appeal to owner-occupants seeking additional space for guests or extended household needs. Conveniently located just minutes from downtown Bay St. Louis, shopping, dining, and the waterfront, this property combines location, flexibility, and long-term potential in one offering.