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For sale
  • $1,150,000

    505 Tennessee St #Penthouse 7, Memphis, TN 38103

    4beds
    3,893sqft
    : 
    $7,693/mo
    Get pre-qualified
    Condominium
    Built in 1909
    -- sqft lot
    $1,088,600 Zestimate®
    $295/sqft
    $-- HOA

    What's special

    Expansive residenceMassive open floor planOutdoor kitchenGas grillsDining room
    Rare opportunity for an incredible 4BR/3BA loft at Lofts at South Bluffs! Formerly two condos, this expansive residence has been combined to create a truly unique Downtown Memphis home with stunning Mississippi River views from west- and north-facing windows. The massive open floor plan features 3 living areas, a dining room, 2 kitchens—including a second kitchen in the entertaining area—and an impressive main living room with wood-burning fireplace. Includes 3 parking spaces—1 in the basement garage and 2 in the TN Street Garage—plus a storage unit conveniently located just outside the front door. Exceptional building amenities include onsite management, fitness center, rooftop deck with lap pool, gas grills, sauna, outdoor kitchen and covered patio—all overlooking the Mississippi River. Downtown loft living on a grand scale!
    36 days
    611
    30

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Parker,

    The Firm 901-459-8922

    Source: MAAR,MLS#: 10230412MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: 2nd Kitchen, Entry Hall
      Primary bedroom
      • Features: Carpet, Smooth Ceiling, Walk-In Closet(s)
      • Level: First
      • Area: 272
      • Dimensions: 16 x 17
      Bedroom 2
      • Features: Carpet, Shared Bath, Smooth Ceiling, Walk-In Closet(s)
      • Level: Second
      • Area: 210
      • Dimensions: 14 x 15
      Bedroom 3
      • Features: Carpet, Shared Bath, Smooth Ceiling
      • Level: First
      • Area: 182
      • Dimensions: 13 x 14
      Bedroom 4
      • Features: Carpet, Shared Bath, Smooth Ceiling, Walk-In Closet(s)
      • Level: First
      • Area: 176
      • Dimensions: 11 x 16
      Primary bathroom
      • Features: Double Vanity, Smooth Ceiling, Tile Floor, Full Bath
      Dining room
      • Area: 336
      • Dimensions: 16 x 21
      Kitchen
      • Features: Breakfast Bar, Washer/Dryer Connections
      • Area: 252
      • Dimensions: 14 x 18
      Living room
      • Features: Separate Den
      • Area: 646
      • Dimensions: 19 x 34
      Den
      • Area: 352
      • Dimensions: 16 x 22
      Heating
      • 3 or More Systems, Central, Electric
      Cooling
      • 3 or More Systems, Ceiling Fan(s), Central Air
      Appliances
      • Included: 2+ Water Heaters, Electric Water Heater, Vent Hood/Exhaust Fan, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
      • Laundry: Laundry Room
      Features
      • 1 or More BR Down, Double Vanity Bath, Full Bath Down, Primary Up, Renovated Bathroom, High Ceilings, Smooth Ceiling, Cable Wired, Walk-In Closet(s), 2 or More Elevators, Trash Chute, 2 or More Baths, 2nd Bedroom, 3rd Bedroom, 4th of More Bedrooms, Den/Great Room, Dining Room, Kitchen, Laundry Room, Living Room, Primary Bedroom, Storage, Square Feet Source: Appraisal
      • Flooring: Part Carpet, Tile, Wood Laminate Floors
      • Windows: Aluminum Frames, Double Pane Windows, Window Treatments
      • Basement: Partial,Common Basement
      • Number of fireplaces: 1
      • Fireplace features: Living Room, Masonry
      Interior area
      • Total interior livable area: 3,893 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Garage Faces Rear, Common, Garage Faces Front, Garage Door Opener, Storage, Unassigned
      • Has garage: Yes
      • Covered spaces: 3
      Features
      • Stories: 1
      • Patio & porch: Covered Patio, Deck
      • Exterior features: Gas Grill, Sauna, On-Site Storage, Sidewalks
      • Has private pool: Yes
      • Pool features: Pool Cleaning Equipment, Community, In Ground
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 871 Square Feet
      • Features: Corner Lot, Historic District
      Details
      • Parcel number: 002083 D00126C

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Other (See Remarks)
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Brick Veneer, Synthetic Stucco
      • Roof: Built-Up/Flat
      Condition
      • New construction: No
      • Year built: 1909

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Other (See Remarks), Clubhouse w/ Kitchen, Fitness Center, On-Site Storage, Sauna
      • Security: Fire Sprinkler System, Smoke Detector(s), Dead Bolt Lock(s), Limited Access
      • Subdivision: Lofts @ South Bluffs Condos Third Amend
      HOA
      • Services included: Exterior Insurance, Maintenance Structure, Maintenance Grounds, Management Fees, Parking, Reserve Fund, Some Utilities, Trash, Water/Sewer
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $295/sqft
      • Tax assessed value: $1,139,700
      • Annual tax amount: $16,203
      • Price range: $1.2M - $1.2M
      • Date on market: 9/14/2026
      • Cumulative days on market: 37 days
      • Listing terms: Conventional

        Estimated market value

        $1,088,600

        $1.03M - $1.14M

        $3,430/mo

        Price history

        DateEventPrice
        9/14/2026Listed for sale$1,150,000+121.6%$295/sqft
        Source: MAAR #10230412 Report a problem
        12/7/2006Sold$519,000+64.8%$133/sqft
        Source: Public Record Report a problem
        1/12/2006Sold$314,848$81/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$15,018 -7.3%$284,925 +15.8%
        2024$16,203 +8.1%$246,050
        2023$14,988 $246,050
        2022-- $246,050
        2021-- $246,050 +35.6%
        2020$5,798 $181,425
        2019$5,798 -21.1%$181,425
        2018$7,348 -45.1%$181,425
        2017$13,392 +207.3%$181,425 +41.5%
        2016$4,358 -31.1%$128,175
        2014$6,328 $128,175
        2013-- $128,175 -35.4%
        2012-- $198,425
        2011-- $198,425
        2010-- $198,425
        2009-- $198,425
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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: Downtown

        Getting around

        82 / 100
        Very Walkable
        43 / 100
        Some Transit
        65 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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