1302 Magnolia Street, Gulfport, MS 39507

$258,720

Tower 2 at Handsboro Point is now under construction, offering a rare opportunity to own in one of the Mississippi Gulf Coast's most exciting new waterfront communities. Following the complete sellout of Tower 1, which is already producing strong rental revenue for investors, Tower 2 brings a mix of residential… Read More and commercial opportunities designed to meet both lifestyle and income goals. Residential offerings include 1BR/1BA residences of approx. 840 SF priced from $258,720-$289,296, 2BR/2BA residences of approx. 1,118 SF priced from $331,878-$385,039, and a single 3BR/2BA penthouse residence of 3,005 SF priced at $1,021,700. Each unit features open layouts, modern kitchens, spacious bedrooms, and large windows capturing waterfront views. Projected rents range from $2,450/month for one-bedrooms to $3,850/month for the penthouse, creating flexibility for primary ownership, second homes, or short-term rental investment. In addition, the ground floor features 6,826 SF of divisible Class A commercial space suitable for retail, dining, medical, or professional uses, with build-to-suit options available. Residents and tenants will benefit from direct river access for boating, fishing, and kayaking, along with upcoming community amenities such as bocce ball courts, putting greens, and outdoor gathering areas. Positioned along the fast-growing Lorraine Road corridor and surrounded by new subdivisions, infrastructure investment, and recreation, Tower 2 represents a proven, mixed-use destination where lifestyle and long-term value meet. 1 Bedroom / 1 Bath MLS Description Now available in Tower 2 at Handsboro Point, these 1BR/1BA residences combine modern design, efficient layouts, and strong investment appeal. Each home offers approximately 840 SF with open living areas, contemporary kitchens, and oversized windows that showcase the waterfront setting. Priced from $258,720 to $289,296 ($308-$344 per SF), these residences are well-suited for primary homes, vacation getaways, or income-producing short-term rentals. With projected monthly rents of $2,450, one-bedroom units remain one of the most in-demand options for business travelers, couples, and weekend visitors on the Mississippi Gulf Coast. Owners at Tower 2 enjoy direct river access for boating, fishing, and kayaking, as well as planned lifestyle amenities including bocce ball courts, putting greens, and waterfront gathering spaces that will enhance the community experience year-round. Beyond the 1BR layouts, Tower 2 also offers spacious 2BR residences, a single 3BR penthouse, and one ground-floor commercial unit, making this a true mixed-use destination. Tower 1 sold out completely and is already generating rental revenue for investors, proving the performance of this waterfront development. ⸻ 2 Bedroom / 2 Bath MLS Description The 2BR/2BA residences at Tower 2, Handsboro Point, deliver a balance of space, comfort, and investment flexibility. Measuring approximately 1,118 SF, these residences feature open-concept layouts, modern kitchens, generous bedrooms, and oversized windows that bring in natural light and river views. Priced from $331,878 to $385,039 ($296-$344 per SF), these homes provide excellent value for buyers seeking a primary residence, second home, or short-term rental investment. With projected monthly rents of $3,200, the two-bedroom floor plan remains one of the most attractive options for families, couples, and extended-stay visitors along the Gulf Coast. Ownership also includes direct access to the river for boating and recreation, plus upcoming lifestyle amenities such as bocce ball courts, putting greens, and outdoor gathering spaces designed for leisure and community use. Tower 2 expands upon the proven success of Tower 1, which is sold out and already producing income for its owners. In addition to 2BR residences, buyers can choose from 1BR layouts, a single 3BR penthouse, and four ground-floor commercial units, providing a variety of options for buye Read Less

Courtesy of Brad Jay, Real Broker, LLC. 228-219-9292.

Listing Snapshot

Days Online

Last Updated

Nov 3, 2025

Property Type

Condominium

Beds

Full Baths

Square Ft.

840

Year Built

2025

MLS Number

4125105

Additional Details

Appliances & Equipment

Appliances: "Built-In Range", "Dishwasher", "Microwave", "Refrigerator"

Building

Architectural Style: "Other", Building Area Total: 840, Construction Materials: "Concrete", Levels: "One", New Construction, Year Built: 2025, Structure Type: "Midrise 3-6 Floors"

Community

Features: "Pool", "Restaurant"

Cooling

Cooling Included, Cooling: "Ceiling Fan(s)", "Central Air", "Electric"

Exterior Features

Features: "Dock"

Floors

Flooring: "Luxury Vinyl"

Foundation

Foundation Details: "Slab"

Water Features

Waterfront Features: "Bayou", Waterfront Property

Heating

Heating: "Central", "Electric", Heating Included

Home Owner's Association

Association Fee Includes: "Insurance", "Maintenance Grounds", "Pest Control", "Pool Service", "Security", Home Owners Association

Interior Features

Features: "Stone Counters", "Other", "Kitchen Island", "Granite Counters"

Laundry

Features: "In Unit"

Lot

Features: "Views", 0 acres, Area: 0, 0 square feet

Parking

Features: "Concrete", Parking Total: 2

Pool

Features: "In Ground", Private Pool

Property

Parcel Number: Unassigned, Property Sub Type: Condominium

Roof

Roof: "Concrete"

Sewer

Sewer: "Public Sewer"

Taxes

Annual Amount: $0

Utilities

Utilities: "Sewer Connected", "Water Connected", Water Source: "Public"

Windows

Features: "Double Pane Windows"

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