Section 16 Lease, The lease is a 40 years with 11 years left. Currently the lease payment was based on the Appraised land value when the home was built in the 1990's The total annual lease payment is currently $450.00. After speaking with the school board the lease can be renewed early in order to get financing. The lease will be assessed by todays land value which he estimates to be $44,000 making the new 40 year lease payment $375.0 a month or $4,500.00 a year. There is NO HOA, This home is nestled in the heart of Biloxi's coveted Ancient Oaks neighborhood in the hear of the Sunkist Golf Course, This beautiful home has been reduced to sell. Featuring 3 large bedrooms, 2 full bathrooms, and a Huge BONUS ROOM Which would make a great HOME OFFICE!! This home offers plenty of space for your family to spread out. This timeless gem boasts a character-filled three-bedroom layout, exuding warmth and comfort at every turn. Step inside and be greeted by the inviting ambiance of this spacious home with plenty of natural lighting throughout. The kitchen is always the heart of the home and this one is perfect for entertaining, or just dinner around the table. You'll find three well-appointed bedrooms, each offering its own unique retreat. The master bedroom provides a serene sanctuary, while the additional bedrooms offer versatile space for family, guests, or perhaps your own personal office or hobby room. Outside, the enchanting oversized backyard invites you to savor the joys of outdoor living. Full security camera system Included. This home sits on the Section 16 of the school district leased land and has 9 years left on the lease. Whether you're hosting summer barbecues, gardening in the lush greenery, or simply basking in the tranquility of your surroundings, this is where cherished memories are made. Call today for more info. The Mississippi Gulf Coast offers famous Coast Cuisine, courtesy of our many famous Gulf Coast Seafood Restaurants. Feel like pressing your luck at the slots, or maybe you're a high roller? Go play at one of the many casinos that line the twenty-seven miles of the Gulf of Mexico beaches. Enjoy the Coast Transit hopper and the Ship Island Excursion. The Mississippi Gulf Coast has everything you will need to have the best, most affordable vacation around so, soak up the Sun, Eat, Swim, Golf, Shop, Sunbath, Cookout, Relax, and most importantly, enjoy. *BUYERS & BUYERS AGENT TO VERIFY* For more detailed info contact the Biloxi School Board Contact- Mr. Switzer