1515 Government Street, A302, Ocean Springs, MS 39564

New Listing
$399,000
Property Type: Residential Bedrooms: 2 Square Footage: 632 Status: Active
Current Price: $399,000 List Date: 3/23/2026 Last Modified: 3/24/2026

Description

Exceptionally rare opportunity to own a condotel in the heart of downtown Ocean Springs. Located at OS1515 Lofts, this professionally managed 2BR/1BA residence is purpose-built for short-term rental income, second-home flexibility, and effortless ownership. This turnkey investment property offers a fully integrated condotel with on-site professional management, making it ideal for out-of-town owners seeking passive income with minimal oversight. Use it as your private coastal retreat, then seamlessly generate revenue when you're away. Positioned above Government Street, the unit features a private balcony with views and access to a shared courtyard balcony overlooking weekly events and live music and events.Features include: Two assigned parking spaces + dedicated golf cart parking, Elevator access for guest convenience, Walkable high-demand rental location, On-site amenities including CRAVE Food Hall, boutique retail, spa, and pilates studio and Desi Vega's Steakhouse! Just one mile from Front Beach, this property sits in one of the Gulf Coast's most desirable short-term rental corridors. Whether you're looking for an investment or securing a low-maintenance second home with upside this is what you've been waiting for!

More Information MLS# 4143326

Address and Location Information

Parcel Number: Unassigned N or S of I-10: S N or S of CSX Railroad Track: S Street Number: 1515 Street Name: Government Street Suffix: Street County: Jackson State: MS Zip Code: 39564 Unit #: A302 Subdivision: OS 1515

Listing Information

Listing Service: Full Service Status: Active List Date: 2026-03-23 List Price: $399,000 Current Price: $399,000

General Property Information

New Construction: Yes Property Condition: Move In Ready Approx Lot Size Acres: 0 SqFt Source: Builder List Price/SqFt: 631.33 Year Built Source: Builder Garage Spaces: 1 Carport Spaces: 0 Total Floors: 3 Bathrooms Half: 0 Bathrooms Three Quarter: 0 Fireplace: No Pool: No School District: Ocean Springs Dist Elementary School: Oak Park Elementary School 2: Ocean Springs Upper High School: Ocean Springs Home Warranty: No Accessibility Features: No Pets Allowed: Yes Property Sub Type: Condominium Approx H/C SqFt: 632 Year Built: 2025 Bedrooms Total: 2 Bathrooms Full: 1

Tax and Financial Information

Tax Annual Amount: 6500 Tax Year: 2027 Homestead Y/N: No Additional Exemptions Y/N: No Flood Insurance Required?: No Leasehold Y/N: No Association: Yes Association Fee: 580.35 Association Fee Frequency: Monthly Covenants Y/N: Yes Legal Description: to be given prior to closing

Remarks & Miscellaneous

Public Remarks: Exceptionally rare opportunity to own a condotel in the heart of downtown Ocean Springs. Located at OS1515 Lofts, this professionally managed 2BR/1BA residence is purpose-built for short-term rental income, second-home flexibility, and effortless ownership. This turnkey investment property offers a fully integrated condotel with on-site professional management, making it ideal for out-of-town owners seeking passive income with minimal oversight. Use it as your private coastal retreat, then seamlessly generate revenue when you're away. Positioned above Government Street, the unit features a private balcony with views and access to a shared courtyard balcony overlooking weekly events and live music and events.Features include: Two assigned parking spaces + dedicated golf cart parking, Elevator access for guest convenience, Walkable high-demand rental location, On-site amenities including CRAVE Food Hall, boutique retail, spa, and pilates studio and Desi Vega's Steakhouse! Just one mile from Front Beach, this property sits in one of the Gulf Coast's most desirable short-term rental corridors. Whether you're looking for an investment or securing a low-maintenance second home with upside this is what you've been waiting for!

Structure Type

Midrise 3-6 Floors: 1

Architectural Style

French Acadian: 1

Lot Features

Landscaped: 1

Covenants And Restrictions

Homeowner Association: 1 Restrictive Covenants: 1

Levels

One: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Association Fee Includes

Insurance: 1 Maintenance Grounds: 1 Pest Control: 1 Security: 1 Other: 1

Showing Requirements

Showing: Show Any Time Lockbox Location: See Remarks

Interior Features

High Ceilings: 1 Kitchen Island: 1 Recessed Lighting: 1 Stone Counters: 1

Utilities

Electricity Connected: 1 Sewer Connected: 1 Water Connected: 1

Kitchen Features

Kitchen Island: 1 Quartz Counters: 1

Appliances

Washer/Dryer Stacked: 1

Walls - Interior

Sheetrock: 1

Flooring

Luxury Vinyl: 1

Window Features

Blinds: 1 Metal: 1 Roll Out: 1

Door Features

Metal Insulated: 1

Laundry Features

Laundry Closet: 1

Security Features

Fire Alarm: 1 Fire Sprinkler System: 1 Key Card Entry: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Electric: 1

Heating

Central: 1 Electric: 1

Foundation Details

Slab: 1

Exterior Construction/Siding

Brick: 1

Roof

Other: 1

Exterior Features

Balcony: 1 Landscaping Lights: 1

Patio And Porch Features

Brick: 1

Parking Features

Parking Total: 1 Assigned: 1 Garage: 1 Golf Cart Garage: 1

Community Features

Near Entertainment: 1 Restaurant: 1 Sidewalks: 1 See Remarks: 1

Water Heater

Electric: 1

Property Features

Structure Type: Midrise 3-6 Floors Architectural Style: French Acadian Lot Features: Landscaped Levels: One Covenants And Restrictions: Homeowner Association; Restrictive Covenants Association Fee Includes: Insurance; Maintenance Grounds; Pest Control; Security; Other Interior Features: High Ceilings; Kitchen Island; Recessed Lighting; Stone Counters Kitchen Features: Kitchen Island; Quartz Counters Appliances: Washer/Dryer Stacked Walls - Interior: Sheetrock Flooring: Luxury Vinyl Window Features: Blinds; Metal; Roll Out Door Features: Metal Insulated Laundry Features: Laundry Closet Security Features: Fire Alarm; Fire Sprinkler System; Key Card Entry Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Utilities: Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash; Conventional Roof: Other Patio And Porch Features: Brick Exterior Features: Balcony; Landscaping Lights Parking Features: Assigned; Garage; Golf Cart Garage Community Features: Near Entertainment; Restaurant; Sidewalks; See Remarks Water Heater: Electric
Listing Office: Rain Residential
Listing Agent: Kristin Smith
Last Updated: March - 24 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.