Memphis, TN - Single Family Home - $1,695.00 Available January 2026
Welcome to Marathon Management where we are IN IT FOR THE LONG RUN!
This beautifully laid-out 2-bedroom, 2.5-bath two-story home offers comfort, functionality, and stunning lake views. A neutral color palette and hard-surface flooring runs throughout the main living areas, with cozy carpeted flooring on the staircase and in both bedrooms for added warmth.
The main level features a formal living room with a fireplace, creating an inviting space to relax or entertain. Adjacent to the kitchen is a formal dining room, ideal for hosting meals and gatherings. The U-shaped kitchen provides ample countertop space and abundant cabinet storage, making meal prep and organization a breeze.
A convenient half bath is located downstairs perfect for guests to use. Upstairs, youll find a designated closet for washer and dryer hookups, thoughtfully placed near the bedrooms for easy access.
Both bedrooms feature their own ensuite full bathrooms. The secondary bedroom includes a full bath with a standard bathtub and shower head, while the primary suite offers a spa-like retreat with a soaking tub and a separate walk-in shower.
Step outside to a back patio with breathtaking lake views, perfect for relaxing or entertaining. A side driveway with a garage adds everyday convenience and extra storage.
This well-designed home blends scenic surroundings with comfortable, functional living spaces.
Sold for $189,900
$189,900
5048 Pheasant Run Ln, Memphis, TN 38141
2beds
1,620sqft
Single Family Residence
Built in 1996
-- sqft lot
$190,100 Zestimate®
$117/sqft
$1,607 Estimated rent
Home value
$190,100
$181,000 - $200,000
$1,607/mo
Zestimate® history
Owner options
List your home for rent
$1,607/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,607/mo
Rent Zestimate®
Refinance and save
$1,255/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,255/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Stunning lake viewsAbundant cabinet storageNeutral color palette
Zillow last checked:
Listing updated:
Source: Zillow Rentals
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Fireplace
Cooling
- Air Conditioner
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,620 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
- Details: Contact manager
Features
- Exterior features: Smoke Free
Details
- Parcel number: D0255SE00032
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1996
Community & HOA
Community
- Features: Smoke Free
- Deposit fee: $1,695
Location
- Region: Memphis
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $214,700
- Annual tax amount: $1,444
- Date on market: 1/13/2026
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Sold | $189,900+55%$117/sqft |
Source: Public Record Report a problem | ||
| 2/24/2026 | Listing removed | $1,695$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/13/2026 | Listed for rent | $1,695+70.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/23/2025 | Sold | $122,500+28.8%$76/sqft |
Source: Public Record Report a problem | ||
| 5/25/2017 | Listing removed | $995$1/sqft |
Source: Realty Capital Management LLC Report a problem | ||
| 5/18/2017 | Listed for rent | $995$1/sqft |
Source: Realty Capital Management LLC Report a problem | ||
| 5/21/2014 | Listing removed | $995$1/sqft |
Source: Marathon Management, LLC Report a problem | ||
| 5/3/2014 | Listed for rent | $995$1/sqft |
Source: Marathon Management, LLC Report a problem | ||
| 12/30/2012 | Listing removed | $995$1/sqft |
Source: Hotpads for Rent Report a problem | ||
| 12/22/2012 | Listed for rent | $995+2.1%$1/sqft |
Source: Hotpads for Rent Report a problem | ||
| 11/14/2012 | Listing removed | $975$1/sqft |
Source: Homes With ABC Report a problem | ||
| 11/10/2012 | Listed for rent | $975$1/sqft |
Source: Homes With ABC Report a problem | ||
| 12/7/2009 | Sold | $95,136+3.4%$59/sqft |
Source: Public Record Report a problem | ||
| 2/18/2002 | Sold | $92,000$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,444 +50.1% | $53,675 +89.2% |
| 2024 | $962 | $28,375 |
| 2023 | $962 | $28,375 |
| 2022 | -- | $28,375 |
| 2021 | -- | $28,375 +44.4% |
| 2020 | $1,423 | $19,650 |
| 2019 | $1,423 +78.8% | $19,650 |
| 2018 | $796 -1.5% | $19,650 |
| 2017 | $808 +2.7% | $19,650 +9.2% |
| 2016 | $787 | $18,000 |
| 2014 | -- | $18,000 |
| 2013 | -- | $18,000 -26.6% |
| 2012 | -- | $24,525 |
| 2011 | -- | $24,525 |
| 2010 | -- | $24,525 |
| 2009 | -- | $24,525 -1.5% |
| 2008 | -- | $24,900 |
| 2007 | -- | $24,900 |
| 2006 | -- | $24,900 |
| 2005 | -- | $24,900 +5.2% |
| 2004 | -- | $23,675 |
| 2003 | -- | $23,675 |
| 2002 | -- | $23,675 |
| 2001 | -- | $23,675 -1.4% |
| 2000 | -- | $24,000 |
Find assessor info on the county website
Neighborhood: 38141
Nearby homes
- $189,9003 bd2 ba1.8k sqft5046 Pheasant Run Ln, Memphis, TN 38141Off Market
- $177,4002 bd2 ba1.6k sqft5050 Pheasant Run Ln, Memphis, TN 38141Off Market

- $192,9003 bd2 ba1.8k sqft5052 Pheasant Run Ln, Memphis, TN 38141Off Market
- $183,9002 bd2 ba1.5k sqft5044 Pheasant Run Ln, Memphis, TN 38141Off Market

- $211,1003 bd3 ba1.8k sqft5042 Pheasant Run Ln, Memphis, TN 38141Off Market
- $173,1002 bd2 ba1.4k sqft5054 Pheasant Run Ln, Memphis, TN 38141Off Market
- $175,8003 bd2 ba1.6k sqft5040 Pheasant Run Ln, Memphis, TN 38141Off Market
- $222,6003 bd2 ba1.5k sqft5047 Pheasant Run Ln, Memphis, TN 38141Off Market
Nearby schools
GreatSchools rating
- 5/10Highland Oaks Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 4/10Highland Oaks Middle SchoolGrades: 6-8Distance: 1.8 mi
- 3/10Southwind High SchoolGrades: 9-12Distance: 2.3 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$190,100
2% more
+$3,802
With Zillow Showcase(estimated)
$193,902
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$190,100
2% more
+$3,802
With Zillow Showcase(estimated)
$193,902
- Tennessee
- Shelby County
- Memphis
- 38141
- 5048 Pheasant Run Ln