A Mississippi Gulf Coast estate that has been 13 years in the making has once again returned to the market—this time with a substantial price increase.
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that → return → increase
Located on nearly 1 acre with 126 feet of water frontage in Ocean Springs, the unfinished five-bedroom residence, designed to emulate the Taj Mahal, originally hit the market for $2 million in 2016.
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residence → locate → 2016
Now listed for $2.5 million, the 4,402-square-foot residence, in the making for more than a decade, is still seeking a buyer to finish what was started.
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what → list → buyer
“The owner started building the home 13 years ago and had trouble finding a contractor to finish the vision the way he wanted,” says listing agent Rachel Allen of Coastal Realty Group.
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Allen → build → Group
“Since then, it has been left as it was, and it fell to the wayside.
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it → leave → wayside
The seller is ready to retire, move on, and let someone else finish the vision.”
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someone → retire → vision
Building permits were first filed in 2008 by Biloxi physician Dr. Pravin Saija, according to the Sun Herald.
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permits → file → Herald
The concrete-and-steel structure, built using insulated concrete forms, is currently being marketed with AI images showing the possibilities of what the house could become.
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house → build → possibilities
“The construction of it is magnificent, and it is 30 feet above sea level,” Allen says.
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Allen → say → level
“The most expensive parts have already been done.
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parts → do → ?
We wanted to show what the house could be.
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house → want → ?
A lot of people appreciate seeing the potential.”
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lot → appreciate → potential
Highlights found throughout the “architectural statement” include a distinctive tower that could be transformed into guest suites with Gulf views, a top-floor primary suite, dining and entertaining spaces, and a rooftop lounge.
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that → find → views
(Buyers should note the roof does require some repairs.)
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roof → note → repairs
“What makes this listing so compelling is not simply its size or architecture,” she says.
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she → make → ?
People want to see inside it, understand why it was never completed, and imagine what it could ultimately become.”
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it → want → it
Expansive terraces, ideal for relaxing and entertaining, “offer endless possibilities” for private seating areas, gardens, and fire features.
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terraces → relax → areas
“South-facing turrets have sweeping views,” she said.
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she → face → views
“It needs electric and plumbing completed, along with drywall, fixtures, countertops, and cabinets.
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electric → need → drywall
To redo the interior and clean up the exterior, I would estimate it would be between $800,000 and $1.2 million, depending on what someone wants to do with it.”
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someone → redo → it
With no short-term restrictions in place, the property could be used as a corporate destination, retreat, wedding or event space, or a boutique hotel, but “the uses, renovations, and development are subject to buyer due diligence and all applicable zoning, permitting, and governmental approvals,” according to Allen.
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uses → use → Allen
“It was going to be used as their primary residence,” she notes.
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she → go → residence
“It could be completely done in about six months.
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It → do → months
The reason for the increase in price is the increased cost of additional materials that are also available.”
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that → increase → materials
Allen says the seller has considered finishing it but is now “just tired.”
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seller → say → it
“He hopes someone makes it how they want it,” she adds.
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she → hop → it
“Ocean Springs was featured by USA Today as one of the top 10 beach communities to live in.
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Springs → feature → communities
It’s only about 20 minutes from downtown, which has a huge golf cart community.
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which → ’ → community
It’s the secret coast and a beautiful place to live.”
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It → ’ → ?
Allen says she believes the next buyer will likely be from out of town.
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buyer → say → town
“Most likely, it will not be someone already living in the local market,” she says.
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she → live → market
“This property will require a buyer with a unique vision, the resources to complete it, and the ability to recognize an opportunity unlike anything else currently available on the Gulf Coast.”
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property → require → Coast
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