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. 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. 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 pain, updated fixtures, and new appliances, blending modern touches with timeless character such as solid pine doors and detailed woodwork. Additional features include a circular drive with ample parking and thoughtfully designed outdoor spaces that maximize the home's elevated position above the lake. The home has been professionally evaluated and stabilized by a reputable local firm, with documentation available, offering added peace of mind. This is a unique opportunity to own a property that combines scale, character, and exceptional waterfront living in one of Madison's most established neighborhoods.
Active
Price cut: $60.9K (5/14)
$589,000
481 Cheyenne Ln, Madison, MS 39110
5beds
3,749sqft
Residential, Single Family Residence
Built in 1970
1.2 Acres Lot
$565,600 Zestimate®
$157/sqft
$4/mo HOA
What's special
Mature treesCovered porchPanoramic lake viewsNew appliancesFloor-to-ceiling brick fireplaceVaulted tongue-and-groove wood ceilingsUpdated fixtures
- 76 days |
- 1,283 |
- 72 |
Zillow last checked:
Listing updated:
Listed by:
Bethany Culley 601-941-5285,
Keller Williams 601-977-9411
Source: MLS United,MLS#: 4145246
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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
$565,600
$537,000 - $594,000
$3,545/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Price change | $589,000-9.4%$157/sqft |
Source: MLS United #4145246 Report a problem | ||
| 4/25/2026 | Price change | $649,900-5.7%$173/sqft |
Source: MLS United #4145246 Report a problem | ||
| 4/8/2026 | Listed for sale | $689,000+284.9%$184/sqft |
Source: MLS United #4145246 Report a problem | ||
| 9/2/2017 | Listing removed | $179,000$48/sqft |
Source: Milner Realty Inc. #294565 Report a problem | ||
| 7/18/2017 | Listed for sale | $179,000$48/sqft |
Source: Milner Realty Inc. #294565 Report a problem | ||
| 7/7/2017 | Pending sale | $179,000$48/sqft |
Source: Milner Realty Inc. #294565 Report a problem | ||
| 5/4/2017 | Price change | $179,000-10.1%$48/sqft |
Source: Milner Realty Inc. #294565 Report a problem | ||
| 4/29/2017 | Listed for sale | $199,000$53/sqft |
Source: Milner Realty Inc. #294565 Report a problem | ||
| 4/6/2017 | Pending sale | $199,000$53/sqft |
Source: Milner Realty Inc. #294565 Report a problem | ||
| 3/1/2017 | Listed for sale | $199,000-19.8%$53/sqft |
Source: Milner Realty Inc. #294565 Report a problem | ||
| 1/16/2017 | Listing removed | $248,000$66/sqft |
Source: Milner Realty Inc. #288273 Report a problem | ||
| 9/22/2016 | Price change | $248,000-9.8%$66/sqft |
Source: MILNER REALTY INC. #288273 Report a problem | ||
| 7/16/2016 | Listed for sale | $274,900$73/sqft |
Source: MILNER REALTY INC. #288273 Report a problem | ||
| 7/9/2016 | Listing removed | $1,600-4.5% |
Source: CENTURY 21 Maselle & Associates, Inc. Report a problem | ||
| 10/26/2015 | Listing removed | $1,675 |
Source: CENTURY 21 Maselle & Associates, Inc. Report a problem | ||
| 9/3/2015 | Price change | $1,675-6.9% |
Source: CENTURY 21 Maselle & Associates, Inc. Report a problem | ||
| 6/9/2015 | Listed for rent | $1,800 |
Source: CENTURY 21 Maselle & Associates, Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $9,290 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
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Climate risks
Neighborhood: 39110
Nearby schools
GreatSchools rating
- 9/10Madison Avenue Upper Elementary SchoolGrades: 3-5Distance: 1.5 mi
- 10/10Rosa Scott SchoolGrades: 9Distance: 3.2 mi
- 10/10Madison Avenue Lower Elementary SchoolGrades: K-2Distance: 1.6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Mississippi
- Madison County
- Madison
- 39110
- 481 Cheyenne Ln
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