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$723,711

For Sale - Active
34 Puunani Pl, Bay Saint Louis, MS 39525
3 Beds
3 Baths
0 Square Feet
0.33 Acres Lot
Built in 2009
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Jun 25, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$1,442
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Property Description


0.33 Acres Lot
Built in 2009
For Sale - Active
Units n/a

Beautiful waterfront home overlooking the Bay of St. Louis and Jourdan River with easy access to both by boat. Open floor plan for plenty of entertaining and amazing views overlooking the Bay of Saint Louis and Jourdan River on the southside of Diamondhead. Also has easy access from your boat to downtown Bay Saint Louis, Pass Christian and Diamondhead to name a few. Wake up and watch the sunrise and come home to a beautiful sunset view on the outdoor screened porch, while watching all the natural wildlife including otters, osprey, bald eagles and deer, to name a few... Then catch fish off the pier for dinner! This home has plenty of outdoor entertainment areas for relaxation offering versatile and comfortable living spaces, including a large screened back porch (672 sq ft) with a dedicated propane outlet for the grill without the hassle of propane tanks. Also has an outdoor kitchen with a sink, mini fridge connection, ceiling fans, and additional outlets for outdoor TV's and amazing lighting. Custom built with an open floor plan. Teak interior doors, interior sliding doors, and antique hand-carved Balinese door all imported from Bali. Gourmet kitchen designed to entertain with custom cabinets, granite countertops and Jenn-Air professional-grade gas oven and cooktop. Large walk-in pantry providing ample space to store dry goods, canned items, kitchen appliances, and more, helping to keep your kitchen organized and clutter-free. An additional refrigerator is in the pantry offering extra storage for perishable items, beverages, and overflow from the main refrigerator. Large master suite with stunning water views. Two master closets providing ample storage space for clothing, accessories and personal items keeping bedroom clutter-free. Marble floors in all the bathrooms and 6'' wide Mahogany wood plank flooring throughout the rest of the house. On top of all these additional features, includes a cargo lift to main level, tiled downstairs mud room/ entry room on the ground floor that is 420 sq ft (not included in home sq feet) for interior access with plumbing. Eight inch slab and engineered cement piling with rebar embedded throughout the piling and below slab. Steel engineered truss system attached to pilings. Engineered ceiling truss system. 2 x 6 framing with closed cell spray foam for maximum insulation and strengthening. Foam insulation on ceiling and low maintenance Hardy Board exterior. Two HV/AC systems and two hot water heaters. Diamondhead is a picturesque community know for its scenic beauty and proximity to water bodies. It has evolved into a vibrant city, home to families of all ages conveniently located between New Orleans and Gulfport/ Biloxi and continues to meet the high standards for golf along the Gulf Coast. * (2) 18 hole championship golf courses * Airport with storage hangers, repair facilities and fueling * Indoor/ Outdoor Golf Academy * Marina with complimentary boat launch within 2 miles from house * 4 pools and a splash pad * 2 walking trails * 9 lighted (hydra-clay) tennis Courts * 4 hard-court pickleball courts. *** Not to mention members in good standing receive a discount on food & beverage purchases at The Club at Diamondhead, preferred golf and tennis rates. ##This home has 4 ways out of the house including the interior stairs. The interior stairs make it easier getting to the main floor especially in the rain.

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Location


Property Details


Parking

  • Description: Concrete, Covered, Driveway, Golf Cart Garage, Storage, Direct Access, Paved
  • Details: Concrete, Covered, Driveway, Golf Cart Garage, Storage, Direct Access, Paved
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 135B015020.000
  • Lot Size: 14374 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2009

Tax Information

  • Annual Tax: $6,013

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric, Heat Pump, Propane
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Hancock

Listing Details


Listed by:
Helen P Haas
O'Dwyer Realty-BSL
(228) 323-4221

Source:
MLS United
MLS#: 4061297
MLS United

Investment Summary


Monthly Cash Flow
-$1,442
Cap Rate
3.3%
Cash-on-Cash Return
-10.4%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-6.1%

Purchase Details

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Purchase price:
$723,711
Amount financed:
-$578,969
Down payment:
$144,742
Closing costs:
$21,711
Rehab costs:
$0
Initial cash invested:
$166,453
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$578,969
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,425
Property tax:
$501
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,178

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$501-$6,013
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$1,401-$16,813

Cash Flow


Monthly Yearly
Net operating income:
$1,983 $23,796
Mortgage payments:
-$3,425 -$41,100
Cash flow:
$1,442 $17,304