OCEAN SPRINGS -- An apartment that rents for $5,000 a month?
It's exquisite, but it doesn't have a pool or gym. The rent and the location has a big-city feel -- third floor of a building with businesses on the second floor and a bar below -- but it's in downtown Ocean Springs, population 17,000.
Those in the know say this is an indication of just how popular downtown Ocean Springs has become. And how open people are to mixed-use buildings, where businesses and apartments co-exist.
Mayor Connie Moran said, "People want to be in a historic district and close to nightlife and restaurants," museums and churches. Property values reflect that, she said.
Sign Up and Save
Get six months of free digital access to the Sun Herald
Real estate broker Kimberlee Williams, who has the listing, said she believes prices in and around downtown support that kind of rent.
"Property values are going way, way up, if you're within walking distance of downtown," Williams said. "In this area, houses sell at a premium."
She said sellers can add $50,000 to $100,000 to the price just for the location.
In this case, the owner of the Ritchey Building set rent for the apartment at $5,000, and Williams listed it on Friday.
She knows she's looking for a certain clientele.
The apartment takes up the entire third floor of the building, which is near the intersection of Washington Avenue and Government Street.
The listing calls it the finest condo in downtown: "There is nothing around that compares to this -- private elevator, two master suites, assigned parking, covered private balcony and so much more. Available immediately for long term tenants ONLY. This is a MUST see!"
The balcony overlooking Government Street would be awesome for the night parade this weekend, Williams said.
A doctor used to live in it, and it was occasionally used for special events.
The "so much more" includes top-of-the-line appliances, special security, keys so secure a local locksmith couldn't reproduce them, a wine refrigerator, marble, granite and "custom, custom, custom," Williams said about the kitchen and baths. It has poured-concrete walls for noise reduction.
Williams said she is also looking for a corporation that might want it for employees or clients coming into the area.
There's nothing comparable for long-term rent in the whole town, so she's not entirely sure it will go for $5,000, but that's what's on the table.