Private, gated downtown living with breathtaking river & bridge views! About a $600,000 renovation over the past 3 years, this stunning three-story residence offers refined finishes & exceptional indoor-outdoor spaces. Currently configured as a 3-bedroom home, it can easily function up to 5 bedrooms - or a 3 bedroom main home with 2 private apartments. The chef’s dream kitchen is complemented by lux marble, Wolf /Thermador appliances, & custom cabinets. If that wasn't enough, there's also a scullery, catering kitchen, temperature-controlled wine room, & lower-level kitchen. Custom folding doors open the screened porch to the main living area for seamless entertaining. White Oak wide plank floors throughout are sure to impress, & the upper balcony is perfect for sunset views. The fabulous riverfront primary suite features a private coffee bar & an ultra-lux spa bath. Square footage exceeds city tax records-5289 sqft according to seller. Luxury, flexibility, & View! See virtual tour!
For sale
Price cut: $100 (6/11)
$1,299,700
123 Founders Ln, Memphis, TN 38103
4beds
5,289sqft
Single Family Residence
Built in 1998
8,712 Square Feet Lot
$1,234,100 Zestimate®
$246/sqft
$125/mo HOA
What's special
Temperature-controlled wine roomRefined finishesLux marbleLower-level kitchenCatering kitchenCustom cabinetsFabulous riverfront primary suite
- 58 days |
- 538 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Tim Tanner,
Crye-Leike, Inc., REALTORS 901-754-0800
Source: MAAR,MLS#: 10221414
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Bonus Room, Internal Expansion Area, 2nd Kitchen, Entry Hall
Primary bedroom
- Features: Fireplace, Hardwood Floor, Smooth Ceiling, Walk-In Closet(s)
- Level: Second
- Area: 340
- Dimensions: 17 x 20
Bedroom 2
- Features: Hardwood Floor, Shared Bath, Smooth Ceiling, Walk-In Closet(s)
- Level: Second
- Area: 168
- Dimensions: 12 x 14
Bedroom 3
- Features: Hardwood Floor, Shared Bath, Smooth Ceiling
- Level: Second
- Area: 168
- Dimensions: 12 x 14
Bedroom 4
- Features: Private Full Bath, Smooth Ceiling
- Level: Basement
- Area: 640
- Dimensions: 16 x 40
Primary bathroom
- Features: Double Vanity, Fireplace, Separate Shower, Smooth Ceiling, Tile Floor, Full Bath
Dining room
- Dimensions: 0 x 0
Kitchen
- Features: Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry, Updated/Renovated Kitchen
- Area: 289
- Dimensions: 17 x 17
Living room
- Features: Great Room, LR/DR Combination
- Area: 160
- Dimensions: 16 x 10
Office
- Features: Hardwood Floor, Smooth Ceiling
- Level: Second
- Area: 144
- Dimensions: 9 x 16
Bonus room
- Area: 234
- Dimensions: 13 x 18
Den
- Area: 561
- Dimensions: 17 x 33
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Vent Hood/Exhaust Fan, Range/Oven, Double Oven, Gas Cooktop, Disposal, Dishwasher, Microwave, Refrigerator, Separate Ice Maker
- Laundry: Laundry Room
Features
- 1 or More BR Down, Primary Up, Renovated Bathroom, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, Full Bath Down, Half Bath Down, Smooth Ceiling, High Ceilings, Wet Bar, Walk-In Closet(s), Living Room, Den/Great Room, Kitchen, 1 1/2 Bath, Laundry Room, Other (See REMARKS), 2 or More Baths, 2nd Bedroom, 3rd Bedroom, Media Room, Office, Primary Bedroom, In-Law Floorplan, Square Feet Source: From Seller having gotten it measured
- Flooring: Part Hardwood, Tile, Vinyl
- Windows: Window Treatments
- Basement: Crawl Space,Finished
- Attic: Attic Access
- Number of fireplaces: 3
- Fireplace features: Living Room, In Other Room, Primary Bedroom
Interior area
- Total interior livable area: 5,289 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Garage Faces Side, Other (See REMARKS)
- Has garage: Yes
- Covered spaces: 2
Features
- Stories: 2
- Patio & porch: Screen Porch, Deck
- Exterior features: Balcony
- Pool features: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Cove, Waterfront
Lot
- Size: 8,712 Square Feet
- Dimensions: 73 x 125
- Features: Professionally Landscaped, Some Trees
Details
- Parcel number: 002086 A00019
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Soft Contemporary,Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Gated
- Security: Security System, Burglar Alarm
- Subdivision: Founders Pointe P D Phase 1 Parcel 1
HOA
- Has HOA: Yes
- HOA fee: $1,500 annually
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $1,024,100
- Annual tax amount: $13,495
- Price range: $1.3M - $1.3M
- Date on market: 5/12/2026
- Cumulative days on market: 59 days
- Listing terms: Conventional
Estimated market value
$1,234,100
$1.17M - $1.30M
$5,268/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Price change | $1,299,7000%$246/sqft |
Source:  MAAR #10221414 Report a problem | ||
| 6/5/2026 | Price change | $1,299,8000%$246/sqft |
Source: MAAR #10221414 Report a problem | ||
| 5/27/2026 | Price change | $1,299,900-3.7%$246/sqft |
Source: MAAR #10221414 Report a problem | ||
| 3/3/2026 | Price change | $1,349,900+8%$255/sqft |
Source: MAAR #10215798 Report a problem | ||
| 1/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/30/2022 | Listed for rent | $7,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/30/2022 | Listing removed | -- |
Source: MAAR Report a problem | ||
| 10/8/2022 | Listed for rent | $7,800$1/sqft |
Source: BHHS broker feed #10135019 Report a problem | ||
| 6/3/2022 | Listed for sale | $1,250,000+79.9%$236/sqft |
Source: MAAR #10125547 Report a problem | ||
| 11/15/2010 | Listing removed | $695,000$131/sqft |
Source: ALL*STARS Realty #2612832 Report a problem | ||
| 7/24/2010 | Price change | $695,000-13.1%$131/sqft |
Source: ALL*STARS Realty #2612832 Report a problem | ||
| 6/23/2010 | Price change | $799,900-4.2%$151/sqft |
Source: Marx & Bensdorf Real Estate & Investment Co. #3182005 Report a problem | ||
| 4/20/2010 | Price change | $835,000+20.1%$158/sqft |
Source: Marx & Bensdorf Real Estate & Investment Co. #3182005 Report a problem | ||
| 4/18/2010 | Price change | $695,000-16.8%$131/sqft |
Source: ALL*STARS Realty #2612832 Report a problem | ||
| 2/2/2010 | Price change | $835,000-0.2%$158/sqft |
Source: Marx & Bensdorf Real Estate & Investment Co. #3182005 Report a problem | ||
| 1/9/2010 | Price change | $837,000+20.4%$158/sqft |
Source: Marx & Bensdorf Real Estate & Investment Co. #3182005 Report a problem | ||
| 12/15/2009 | Price change | $695,000-17.2%$131/sqft |
Source: ALL*STARS Realty #2612832 Report a problem | ||
| 11/25/2009 | Price change | $839,000+20.7%$159/sqft |
Source: Marx & Bensdorf Real Estate & Investment Co. #3182005 Report a problem | ||
| 11/21/2009 | Price change | $695,000-17.2%$131/sqft |
Source: ALL*STARS Realty #2612832 Report a problem | ||
| 10/16/2009 | Price change | $839,000-1.2%$159/sqft |
Source: Marx & Bensdorf Real Estate & Investment Co. #3182005 Report a problem | ||
| 9/30/2009 | Price change | $849,000+22.2%$161/sqft |
Source: Marx & Bensdorf Real Estate & Investment Co. #3182005 Report a problem | ||
| 12/5/2008 | Listed for sale | $695,000+2.2%$131/sqft |
Source: iHOUSEWeb Solutions, Inc #2612832 Report a problem | ||
| 1/3/2006 | Sold | $680,000$129/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,495 -3.8% | $256,025 +20.2% |
| 2024 | $14,032 +8.1% | $213,075 |
| 2023 | $12,980 | $213,075 |
| 2022 | -- | $213,075 |
| 2021 | -- | $213,075 +28.6% |
| 2020 | $5,297 | $165,725 |
| 2019 | $5,297 -21.1% | $165,725 |
| 2018 | $6,712 -45.1% | $165,725 |
| 2017 | $12,233 +147.5% | $165,725 +14% |
| 2016 | $4,943 +8.4% | $145,375 |
| 2014 | $4,558 | $145,375 |
| 2013 | -- | $145,375 +8.7% |
| 2012 | -- | $133,775 -6.4% |
| 2011 | -- | $142,925 -27.2% |
| 2010 | -- | $196,425 +32.7% |
| 2009 | -- | $148,025 +6.6% |
| 2008 | -- | $138,800 |
| 2007 | -- | $138,800 |
| 2006 | -- | $138,800 |
| 2005 | -- | $138,800 +25.4% |
| 2004 | -- | $110,650 |
| 2003 | -- | $110,650 |
| 2002 | -- | $110,650 |
| 2001 | -- | $110,650 +21.7% |
| 2000 | -- | $90,925 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 2/10Downtown Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 3/10B T Washington High SchoolGrades: 6-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Shelby County
- Memphis
- 38103
- Downtown
- 123 Founders Ln
Nearby cities
Nearby neighborhoods
- Cordova-Appling Real estate
- Downtown Real estate
- East Memphis-Colonial-Yorkshire Real estate
- Hickory Ridge-South Riverdale Real estate
- Midtown Real estate
- Parkway Village-Oakhaven Real estate
- Raleigh Real estate
- River Oaks-Kirby-Balmoral Real estate
- Shelby Forest-Frayser Real estate
- White Haven-Coro Lake Real estate
Nearby zip codes
Other Memphis Topics
