#10190396, Listing office: Weichert, REALTORS-BenchMark
Property details
About 551 Magnolia Mound Dr
Prepare to be mesmerized by this stunning riverfront masterpiece in the prestigious South Bluffs community, designed by Looney Ricks Kiss and expertly built by Tom Archer of Archer Custom Builders. Offering arguably the most breathtaking views of the Mighty Mississippi, this residence showcases unparalleled quality and thoughtful design. Enjoy panoramic river vistas from all three floors, coupled with the security of seismic protection technology. The home features four luxurious en suite bedrooms, a chef's dream kitchen with a scullery, and beautiful reclaimed wide plank floors throughout spaces with soaring ceilings. The breathtaking staircase is a feast for the eyes Two gorgeous wrap-around porches - one with built-in gas grill, and three private courtyards invite exceptional indoor-outdoor living. An elevator provides ease of access. Located in one of the Memphis region's most convenient gated locations, this is a rare opportunity to own a truly exceptional riverfront estate.
Highlights
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
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Last updated on: 7/18/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. Residents of Memphis, TN typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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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.
Memphis, TN housing market in June 2025 saw over 73 listings sold above listed price, more than 107 sold at listed price and over 219 sold below. The number of listings in Memphis, TN increased by 11.9% between May and June 2025. Listings spent 35 days on the market in June 2025, and had a median list price of $224,900 during the same period.