$3,557 Closing Credit¹
#10188754, Listing Office: Crye-Leike, Inc., REALTORS
$365,000 List price
589 Madewood Dr Memphis, TN 38103
$4,334
Closing credit¹
2 beds
2 full, 1 partial
0.05 acres
House
Property details
About 589 Madewood Dr
Unlock the ultimate urban retreat in this 2-bed, 2.5-bath South Bluffs masterpiece, cocooned within the South Bluffs gated Memphis sanctuary! Iron gates and keycard entry guard this exclusive haven, where quiet streets and a private park promise peace amidst the city’s pulse. Picture sipping coffee on your covered porch or unwinding on the screened balcony, surrounded by cobblestone charm and ancient oaks that whisper Southern tales. Inside, hardwood floors, gas fireplace and lofty ceilings ignite character, begging for your personal touch. Step outside—Tom Lee Park’s green expanse and the River Walk’s scenic trails await mere steps away, while downtown’s electric vibe and South Main’s artsy flair beckon a short stroll beyond. Pools, tennis/pickle courts, and a 24-hour gym seal the deal (separate fee.) Safe, serene, and perfectly placed, this home is your ticket to Memphis magic—ideal for singles, a couple or small family ready to live vibrantly.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Lot size0.05 Acres
Year built1994
ParkingDriveway/Pad,Gated Parking,Gate Clickers,Parking Lot,Designated Guest Parking, Carport
MLS #10191014
FireplaceVented Gas Fireplace, In Den/Great Room, Gas Starter, Gas Logs, Blower, Glass Doors
Summary
- MLS Number: 10191014
- Office Name: Keller Williams
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: 3/9/2025, 9:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$365,000
589 Madewood Dr
$4,334
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 03, 2013 | Home Sold | $183,000 |
| Sep 08, 2004 | Home Sold | $189,000 |
| Jan 07, 2000 | Home Sold | $145,021 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $62,475 | $3,805 |
| 2023 | $62,475 | $3,805 |
| 2022 | $62,475 | $3,850 |
| 2021 | $62,475 | $3,850 |
| 2020 | $52,750 | $3,822 |
| 2019 | $52,750 | $3,822 |
| 2018 | $52,750 | $2,263 |
| 2017 | $55,075 | $2,020 |
History based on county public records data.
Nearby schools
3
Downtown Elementary School
Public Magnet PK-5
1.4 mi
•10 N 4th St
3
Memphis Scholars Florida-Kansas (ASD)
Public Charter PK-5
1.4 mi
•90 W Olive Ave
3
A. B. Hill Elementary School
Public District PK-5
1.6 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. Typical family type is 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 589 Madewood Dr
This home is located at 589 Madewood Dr in Memphis, TN and zip code 38103 in the Downtown neighborhood. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 1, 2025 and is currently priced at $365,000.
Over 57 listings were sold over their listed price in February 2025 in Memphis, TN. In the same period over 205 listings were sold below the listed price and 73 listings were sold for the listed price. Between January and February 2025, Memphis, TN real estate market has seen increase in the number of listings by 13.5%. The median list price of listings available in February 2025 was $185,000, while the average time on the real estate market was 67 days.
From Rocket Homes Real Estate and based on county public records data.