For sale

$299,900

5270 Gemstone Way, Memphis, TN 38109

4beds

2,499sqft

$2,153/mo

Get pre-qualified

Single Family Residence

Built in 2004

10,454 Square Feet Lot

$293,700 Zestimate^®

$120/sqft

$25/mo HOA

What's special

Open floor planLarge yard

Welcome to the sought-after Diamond Estates subdivision! Presented in pristine condition, this home offers an inviting opportunity for buyers seeking a property that is ready to enjoy. Large yard and open floor plan & its convenient location puts shopping, dining, and everyday essentials within easy reach, while access to Mississippi casinos offer nearby entertainment options. Experience the care and attention this home has received, and discover why Diamond Estates is such a desirable place to call home. ATTENTION: MOST SHOWINGS WILL HAVE TO BE AFTER 4:00PM. “NO SHOWINGS ON WEDNESDAYS” PLEASE BE ADVISED!!

18 days
303
11

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Walk-In Closet(s)
Level: First
Dimensions: 0 x 0

Bedroom 2

Level: First

Bedroom 3

Level: First

Bedroom 4

Level: First

Dining room

Features: Separate Dining Room
Dimensions: 0 x 0

Kitchen

Features: Eat-in Kitchen, Washer/Dryer Connections

Living room

Features: Separate Den, Great Room
Dimensions: 0 x 0

Den

Dimensions: 0 x 0

Heating

Central

Cooling

Central Air

Appliances

Included: Electric Water Heater, Gas Water Heater, Range/Oven
Laundry: Laundry Room

Features

All Bedrooms Down, Primary Down, Luxury Primary Bath, Double Vanity Bath, Separate Tub & Shower, Walk-In Closet(s), Dining Room, Den/Great Room, Kitchen, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
Flooring: Part Hardwood, Part Carpet, Tile
Attic: Attic Access
Number of fireplaces: 2
Fireplace features: Masonry, Vented Gas Fireplace, In Den/Great Room

Interior area

Total interior livable area: 2,499 sqft

Property

Parking

Total spaces: 2
Parking features: Driveway/Pad, Garage Faces Front
Has garage: Yes
Covered spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Pool features: None
Fencing: Wood

Lot

Size: 10,454 Square Feet
Dimensions: 10347 SF 80 x 125
Features: Level, Landscaped

Details

Parcel number: 075259 C00006

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick Veneer
Foundation: Slab
Roof: Composition Shingles

Condition

New construction: No
Year built: 2004

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Security: Security System, Smoke Detector(s), Burglar Alarm, Fire Alarm, Monitored Alarm System, Wrought Iron Security Drs
Subdivision: Diamond Estates Phase 1

HOA

Has HOA: Yes
HOA fee: $300 annually

Location

Region: Memphis

Financial & listing details

Price per square foot: $120/sqft
Tax assessed value: $277,900
Annual tax amount: $3,662
Price range: $299.9K - $299.9K
Date on market: 9/24/2026
Cumulative days on market: 19 days
Listing terms: Conventional,FHA,VA Loan

Estimated market value

$293,700

$279,000 - $308,000

$2,283/mo

Price history

Date	Event	Price
9/24/2026	Listed for sale	$299,900+98.6%$120/sqft
Source: MAAR #10231079 Report a problem
2/2/2011	Sold	$151,000+27.1%$60/sqft
Source: Public Record Report a problem
3/3/2010	Sold	$118,800-25.8%$48/sqft
Source: Public Record Report a problem
2/11/2005	Sold	$160,000-0.8%$64/sqft
Source: Public Record Report a problem
12/30/2003	Sold	$161,278-5.8%$65/sqft
Source: Public Record Report a problem
7/30/1999	Sold	$171,289$69/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,662 +15.7%	$69,475 +44.5%
2024	$3,166 +8.1%	$48,075
2023	$2,929	$48,075
2022	--	$48,075
2021	--	$48,075 +35.5%
2020	$1,134	$35,475
2019	$1,134 -21.1%	$35,475
2018	$1,437 -45.1%	$35,475
2017	$2,619 +105.4%	$35,475 -5.4%
2016	$1,275 -5.9%	$37,500
2014	$1,354	$37,500
2013	--	$37,500 -11.7%
2012	--	$42,475
2011	--	$42,475 -14%
2010	--	$49,400
2009	--	$49,400 +1.6%
2008	--	$48,600
2007	--	$48,600
2006	--	$48,600
2005	--	$48,600 +10.4%
2004	--	$44,025
2003	--	$44,025
2002	--	$44,025
2001	--	$44,025 +2.8%
2000	--	$42,825