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    • Price cut: $60.9K (5/14)
    $589,000

    481 Cheyenne Ln, Madison, MS 39110

    5beds
    3,749sqft
    : 
    $3,731/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1970
    1.2 Acres Lot
    $567,800 Zestimate®
    $157/sqft
    $4/mo HOA

    What's special

    Mature treesCovered porchFive bedroomsNew appliancesFloor-to-ceiling brick fireplaceVaulted tongue-and-groove wood ceilingsUpdated fixtures
    $100,000 instant equity (below March 2026 appraisal) Welcome to a rare waterfront opportunity in Natchez Trace Village-set on a 1.2-acre lot with an extraordinary 330 feet of private lake frontage. Don't miss this chance to enjoy tranquil lakefront living just 5 minutes from reservoir boat access. The flexible floor plan includes five bedrooms, three fully renovated baths with tile finishes, and separate office/library spaces with custom built-ins. A split layout offers potential for a private guest or mother-in-law suite. Recent updates include: -New LVP flooring throughout -Fresh interior and exterior paint -Updated fixtures -New appliances Blending modern touches with timeless character such as: solid pine doors and detailed woodwork. All the work has been done for you with recently replaced roofing, gutters, air, heating and water heater systems, and added peace of mind from 2025 foundation stabilization that includes a transferable warranty. From the moment you step through the door, the home opens into a stunning 600 square foot great room with vaulted tongue-and-groove wood ceilings, floor-to-ceiling brick fireplace, and expansive windows framing sweeping lake views. Natural light and water views anchor the main living space, creating an immediate sense of openness and calm. Designed for both everyday living and unforgettable entertaining, the outdoor space is truly exceptional. A sprawling 900 square foot elevated patio offers panoramic lake views complemented by a covered porch, tiered fountain, mature trees, and established landscaping-providing both beauty and privacy in a one-of-a-kind setting. Additional features include a circular drive with ample parking and thoughtfully designed outdoor spaces that maximize the home's elevated position above the lake. Come see an exceptional property that combines scale, character, and waterfront living in one of Madison's most established neighborhoods.
    125 days
    |
    930
    |
    59
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    Zillow last checked:

    Listing updated:

    Listed by:

    Bethany Culley 601-941-5285,

    Keller Williams 601-977-9411

    Source: MLS United,MLS#: 4145246

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Central, Natural Gas
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Cooktop, Dishwasher, Electric Cooktop, Exhaust Fan, Gas Water Heater, Oven, Water Heater
      • Laundry: Laundry Room
      Features
      • Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, High Speed Internet, In-Law Floorplan, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Storage, Track Lighting, Vaulted Ceiling(s), Walk-In Closet(s), Breakfast Bar
      • Flooring: Vinyl, Carpet
      • Doors: Dead Bolt Lock(s), Double Entry
      • Windows: Aluminum Frames, Blinds, Double Pane Windows, Vinyl, Vinyl Clad
      • Has fireplace: Yes
      • Fireplace features: Gas Starter, Hearth, Wood Burning
      Interior area
      • Total structure area: 3,749
      • Total interior livable area: 3,749 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Carport, Storage
      • Attached garage spaces: 2
      • Has carport: Yes
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio, Porch, Stone/Tile
      • Exterior features: Rain Gutters, Other, See Remarks
      • Fencing: None
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Lake, Lake Front, Waterfront, Other
      Lot
      • Size: 1.2 Acres
      • Features: City Lot, Landscaped, Views
      Details
      • Parcel number: 072e22a0240000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Residential, Single Family Residence
      Materials
      • Brick
      • Foundation: Slab
      • Roof: Architectural Shingles
      Condition
      • New construction: No
      • Year built: 1970

      Utilities & green energy

      • Sewer: Public Sewer, Other
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

      Community & HOA

      Community
      • Features: Fishing, Lake
      • Security: Smoke Detector(s)
      • Subdivision: Natchez Trace Village
      HOA
      • Has HOA: Yes
      • Services included: Other
      • HOA fee: $50 annually
      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $157/sqft
      • Tax assessed value: $235,620
      • Annual tax amount: $2,446
      • Date on market: 4/8/2026
      • Electric utility on property: Yes

        Estimated market value

        $567,800

        $539,000 - $596,000

        $3,645/mo

        Price history

        DateEventPrice
        5/14/2026Price change$589,000-9.4%$157/sqft
        Source: MLS United #4145246 Report a problem
        4/25/2026Price change$649,900-5.7%$173/sqft
        Source: MLS United #4145246 Report a problem
        4/8/2026Listed for sale$689,000+284.9%$184/sqft
        Source: MLS United #4145246 Report a problem
        9/2/2017Listing removed$179,000$48/sqft
        Source: Milner Realty Inc. #294565 Report a problem
        7/18/2017Listed for sale$179,000$48/sqft
        Source: Milner Realty Inc. #294565 Report a problem
        7/7/2017Pending sale$179,000$48/sqft
        Source: Milner Realty Inc. #294565 Report a problem
        5/4/2017Price change$179,000-10.1%$48/sqft
        Source: Milner Realty Inc. #294565 Report a problem
        4/29/2017Listed for sale$199,000$53/sqft
        Source: Milner Realty Inc. #294565 Report a problem
        4/6/2017Pending sale$199,000$53/sqft
        Source: Milner Realty Inc. #294565 Report a problem
        3/1/2017Listed for sale$199,000-19.8%$53/sqft
        Source: Milner Realty Inc. #294565 Report a problem
        1/16/2017Listing removed$248,000$66/sqft
        Source: Milner Realty Inc. #288273 Report a problem
        9/22/2016Price change$248,000-9.8%$66/sqft
        Source: MILNER REALTY INC. #288273 Report a problem
        7/16/2016Listed for sale$274,900$73/sqft
        Source: MILNER REALTY INC. #288273 Report a problem
        7/9/2016Listing removed$1,600-4.5%
        Source: CENTURY 21 Maselle & Associates, Inc. Report a problem
        10/26/2015Listing removed$1,675
        Source: CENTURY 21 Maselle & Associates, Inc. Report a problem
        9/3/2015Price change$1,675-6.9%
        Source: CENTURY 21 Maselle & Associates, Inc. Report a problem
        6/9/2015Listed for rent$1,800
        Source: CENTURY 21 Maselle & Associates, Inc. Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,446 -40.6%$23,562 -33.3%
        2024$4,119 $35,343
        2023$4,119 $35,343
        2022$4,119 +3.6%$35,343 +3.6%
        2021$3,977 -0.1%$34,127 -0.1%
        2020$3,980 $34,151
        2019$3,980 $34,151
        2018$3,980 $34,151 +1.5%
        2017$3,980 +1.5%$33,660
        2016$3,922 $33,660
        2015$3,922 $33,660
        2014$3,922 $33,660
        2013-- --
        2012-- --
        2011-- --
        2010-- --
        2009-- --
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2001-- --
        2000-- $9,290
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: 39110

        Getting around

        0 / 100
        Car-Dependent
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Madison Avenue
        • Middle: Madison
        • High: Madison Central

        Source: MLS United. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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