$10,000 Closing Credit¹
#10171455, Listing Office: Hobson, REALTORS
Property details
About 551 Magnolia Mound Dr
Designed by Looney Ricks Kiss & built by Tom Archer of Archer Custom Builders, this stunning masterpiece boasts some of the finest quality construction & best river views we’ve seen — perfect for watching the Mighty Mississippi roll on by! Features include seismic protection technology, river views from all three floors, four en suite bedrooms, a luxurious chef’s kitchen with scullery, reclaimed wide plank floors, tall ceilings, two gorgeous wrap-around porches, three courtyards, an elevator, & so much more. Enjoy the security of the awesome South Bluffs community, one of the most convenient locations in the Memphis region.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Multi Unit(s)
StatusActive
CoolingCentral Air, Multi Unit(s), Other
BasementYes
Lot size0.12 Acres
Year built2008
ParkingGarage Door Opener(s),Front-Load Garage
MLS #10195111
WaterfrontWater View
FireplaceMasonry, Vented Gas Fireplace, In Keeping/Hearth room, Gas Starter, Gas Logs
ViewWater
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 5
- Appliances: Self Cleaning Oven, Double Oven, Cooktop, Gas Range, Disposal, Dishwasher, Microwave, Refrigerator, Ice Maker
- Basement: Yes
- Flooring Type: Part Hardwood, Part Carpet, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
- Interior: Wet Bar, Walk-In Closet(s), Powder/Dressing Room, Security System, Smoke Detector(s), Elevator
- Fireplace: Masonry, Vented Gas Fireplace, In Keeping/Hearth room, Gas Starter, Gas Logs
- Total Bedroom Count: 4
- Parking: Garage Door Opener(s),Front-Load Garage
- Waterfront: Water View
- View: Water
- Exterior: Auto Lawn Sprinkler, Gas Grill, Porch, Patio, Covered Patio, Courtyard, Balcony
- Architectural Style: Traditional
- Heating: Natural Gas, Multi Unit(s)
- Cooling: Central Air, Multi Unit(s), Other
- List Price: $2,895,000
- Annual Tax Amount: $27,706
- Tax Year: 2024
- Lot: Views, Landscaped
- Directions: Enter South Bluffs at the gates at Tennessee St & Calhoun. Go left at the roundabout on Monteigne, Right on Asphodel Dr, right on Monteigne to house on your immediate left.
- Year Built: 2008
- Stories: 2
- Lot Size: 0.12 Acres
- MLS Number: 10195111
- Office Name: Crye-Leike, Inc., REALTORS
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: 4/30/2025, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,895,000
551 Magnolia Mound Dr
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 27, 2022 | Home Sold | $2,200,000 |
| Oct 06, 2006 | Home Sold | $795,000 |
| Dec 26, 2002 | Home Sold | $305,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $454,825 | $27,706 |
| 2023 | $454,825 | $27,706 |
| 2022 | $368,325 | $9,992 |
| 2021 | $368,325 | $9,992 |
| 2020 | $270,325 | $19,587 |
| 2019 | $270,325 | $19,587 |
| 2018 | $270,325 | $11,110 |
| 2017 | $270,325 | $9,181 |
History based on county public records data.
Nearby schools
3
Downtown Elementary School
Public Magnet PK-5
1.3 mi
•10 N 4th St
3
Memphis Scholars Florida-Kansas (ASD)
Public Charter PK-5
1.5 mi
•90 W Olive Ave
3
A. B. Hill Elementary School
Public District PK-5
1.7 mi
•345 E Olive 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 $85,102. Typical income of Memphis, TN residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
9%
<35k
53%
35k-100k
28%
100k-200k
10%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
71%
Single, No Kids
2%
Single, with Kids
23%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
37%
18-34 yrs old
50%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Yoga/pilates
Major League Soccer (MLS)
Where do the neighbors shop?
New York & Company
H&M
Banana Republic
Where do the neighbors go to eat?
Qdoba
Dominos Pizza
Sonic
What do the neighbors drive?
Infiniti
Audi
BMW
What do the neighbors listen to?
Active Rock
Alternative
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 551 Magnolia Mound Dr
The listing price of 551 Magnolia Mound Dr property is $2,895,000.
The property 551 Magnolia Mound Dr is a house located in Memphis, Tennessee, 38103.
Active Listing: 551 Magnolia Mound Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 551 Magnolia Mound Dr are: Downtown Elementary School (GreatSchools Rating 3/10), Memphis Scholars Florida-Kansas (ASD) (GreatSchools Rating 3/10), A. B. Hill Elementary School (GreatSchools Rating 3/10), Memphis Grizzlies Preparatory Charter School (GreatSchools Rating 5/10), Ida B. Wells Academy Elementary School/Middle School (GreatSchools Rating 2/10), City University School Girls Preparatory (GreatSchools Rating 5/10), Booker T. Washington High School (GreatSchools Rating 3/10), Carver College and Career Academy (GreatSchools Rating 1/10), Hollis F. Price Middle College (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $27,706 (source: MLS/based on county public records data).
The last sale was on May 27, 2022 for $2,200,000 (source: MLS/tax record).
The property at 551 Magnolia Mound Dr has 4 bedrooms and 5 full and 1 half bathrooms.
The year of construction for 551 Magnolia Mound Dr is 2008.
This home is located at 551 Magnolia Mound Dr in Memphis, TN and zip code 38103 in the Downtown neighborhood. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $2,895,000.
In March 2025, from all listings sold in Memphis, TN there were more than 46 sold above asking price, over 216 sold below and more than 105 were sold right at the asked price. The inventory of homes for sale in Memphis, TN between February and March 2025 increased by 14.8%.
From Rocket Homes Real Estate and based on county public records data.