#4118962, Jessica R Ennis, Listing office: The Renshaw Company, Realtors INC
Property details
About 5481 Lake Vernell Dr
This is 1 of 4 new constructions proposed for Phase VII of the Southern Heights Subdivision. 5481 Lake Vernell will feature 4 bedrooms, 3 & 1-1/2 Baths, loads of space and lake views. See attached Builder Base Package for construction details and buyer selections. Builder requiring Pre-Approval Letter and $5,000 EM will be required with all offers and to be held by Green Law Firm. 5050 Poplar Avenue, Ste. 2416. Memphis, TN 38117.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
BasementYes
Lot size0.27 Acres
Year built2023
ParkingGarage Door Opener(s),Side-Load Garage, Garage
MLS #10157419
WaterfrontWater View
FireplaceIn Den/Great Room
ViewWater
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Range, Oven, Disposal, Dishwasher, Microwave, Refrigerator
- Basement: Yes
- Flooring Type: Wood Laminate Floors, Tile
- Interior: Attic Access, Security System, Smoke Detector(s), Monitored Alarm
- Fireplace: In Den/Great Room
- Total Bedroom Count: 4
- Parking: Garage Door Opener(s),Side-Load Garage, Garage
- Waterfront: Water View
- View: Water
- Exterior: Other (See REMARKS)
- Architectural Style: Contemporary, French
- Heating: Central
- Cooling: Central Air
- List Price: $405,405
- HOA Amount: $300 Annually
- Annual Tax Amount: $456
- Tax Year: 2024
- Lot: Views
- Directions: From Horn Lake Rd. and Holmes Rd., go south on Horn Lake Rd. past Banneker Estates to Southern Peake Dr. Go right on Southern Peake Dr. to right on Hermitage Lake Drive. Follow Lake Heritage Dr. to right on Lake Vernell. Lot 296 will be last on the left.
- Year Built: 2023
- Stories: 2
- Lot Size: 0.27 Acres
- MLS Number: 10157419
- Office Name: Infinity Group REALTORS, Inc.
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 12:45:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $7,500 | $456 |
| 2023 | $7,500 | $456 |
History based on county public records data.
Nearby schools
3
Geeter School
Public District PK-5
1.6 mi
•4649 Horn Lake Rd
3
Westhaven Elementary School
Public District PK-5
2.1 mi
•4585 Hodge Rd
5
Freedom Preparatory Academy Westwood Elementary at Parkrose
Public Charter KG-5
2.1 mi
•778 Parkrose Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,217. Most Memphis, TN residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
31%
<35k
39%
35k-100k
23%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
33%
Single, No Kids
17%
Single, with Kids
26%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
10%
12-17 yrs old
18%
18-34 yrs old
47%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
College Football
NASCAR
Extreme Sports
Where do the neighbors shop?
Express/Express For Men
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Sonic
Cracker Barrel
Little Caesars
What do the neighbors drive?
Kia
Ram
Chevrolet
What do the neighbors listen to?
New Country
Classic Country- Country
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Memphis, TN
Memphis features a comprehensive transport infrastructure that includes a public transit system serving residents and visitors alike. The city's layout and road network facilitate easy commuting by car, with major highways connecting Memphis to surrounding areas. While certain neighborhoods are known for their walkability, the city as a whole is continuously working to improve pedestrian and bike paths to enhance accessibility and encourage eco-friendly modes of transport.
The community benefits from a well-rounded selection of services, including a network of public and private schools that cater to educational needs at all levels. Healthcare facilities are distributed throughout the city, offering a range of services from routine care to specialized treatments. Public libraries serve as valuable resources for residents, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and unique boutiques.
Memphis is celebrated for its vibrant music scene and rich cultural heritage, which are integral to the city's character. The community prides itself on being the home of blues, soul, and rock 'n' roll, with landmarks such as Beale Street and the annual Memphis in May festival highlighting its musical legacy. The city's character is further defined by its friendly residents and a sense of small-town camaraderie amidst its urban setting.
Memphis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from charming historic bungalows to sleek contemporary new builds. The housing landscape is varied, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the homeownership rate is robust, there is also a healthy rental market that provides options for those not looking to buy.
About 5481 Lake Vernell Dr
The listing price of 5481 Lake Vernell Dr property is $405,405.
The property 5481 Lake Vernell Dr is a house located in Memphis, Tennessee, 38109.
Active Listing: 5481 Lake Vernell Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5481 Lake Vernell Dr are: Geeter School (GreatSchools Rating 3/10), Westhaven Elementary School (GreatSchools Rating 3/10), Freedom Preparatory Academy Westwood Elementary at Parkrose (GreatSchools Rating 5/10), J. P. Freeman Elementary/Middle (GreatSchools Rating 8/10), Chickasaw Middle School (GreatSchools Rating 2/10), Freedom Preparatory Academy Whitehaven Middle at Brownlee Ca (GreatSchools Rating 4/10), Freedom Preparatory Academy Flagship (GreatSchools Rating 4/10), Fairley High School (ASD) (GreatSchools Rating 2/10), Westwood High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $456 (source: MLS/based on county public records data).
The property at 5481 Lake Vernell Dr has 4 bedrooms and 3 full and 1 half bathrooms.
The year of construction for 5481 Lake Vernell Dr is 2023.
This home is located at 5481 Lake Vernell Dr in Memphis, TN and zip code 38109. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 24, 2023 and is currently priced at $405,405.
While more than 73 listings in Memphis, TN in June 2025 were sold above asking price, there were more than 107 listings sold at asking price, and more than 219 were sold below. Between May and June 2025, Memphis, TN real estate market has seen increase in the number of listings by 11.9%. While the average time on the market in June 2025 was 35 days, the median list price was $224,900.
From Rocket Homes Real Estate and based on county public records data.