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For sale
    • Price cut: $7K (7/17)
    $320,000

    589 Madewood Dr, Memphis, TN 38103

    2beds
    1,200sqft
    : 
    $2,218/mo
    Get pre-qualified
    Single Family Residence
    Built in 1994
    2,178 Square Feet Lot
    $313,100 Zestimate®
    $267/sqft
    $100/mo HOA

    What's special

    Gas fireplaceUpstairs screened balconyCovered porchPrivate parkHigh ceilingsHardwood floors
    Welcome to this beautifully maintained 2-story home in the prestigious gated South Bluffs community of Downtown Memphis. This low-maintenance residence offers exceptional value in one of the area’s most exclusive neighborhoods. Featuring hardwood floors, high ceilings, a gas fireplace, and an updated eat-in kitchen with stainless steel appliances, this 2 bed / 2.5 bath home is move-in ready. Both bedrooms are en-suite with updated bathrooms, and the primary suite includes a large walk-in closet with organizers. Recent updates include a newer roof, HVAC system, water heater, and fresh interior/exterior paint. Enjoy outdoor living on the covered porch, upstairs screened balcony, and fenced patio — perfect for relaxing or entertaining. The home includes two private parking spaces in this secure, gated community with quiet streets and a private park. Optional amenities include pool, tennis/pickleball courts and a 24-hour gym. *HOA fee of just $100/month.
    58 days
    |
    705
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Todd T Adams,

    Keller Williams 901-261-7900

    Source: MAAR,MLS#: 10223094MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Attic, Loft/Balcony
      Primary bedroom
      • Features: Smooth Ceiling, Walk-In Closet(s)
      • Level: First
      • Area: 144
      • Dimensions: 12 x 12
      Bedroom 2
      • Features: Private Full Bath
      • Level: Second
      • Area: 144
      • Dimensions: 12 x 12
      Primary bathroom
      • Features: Smooth Ceiling, Tile Floor, Full Bath
      Dining room
      • Features: Separate Dining Room
      • Area: 100
      • Dimensions: 10 x 10
      Kitchen
      • Features: Breakfast Bar, Eat-in Kitchen, Pantry, Updated/Renovated Kitchen
      • Area: 90
      • Dimensions: 9 x 10
      Living room
      • Features: Separate Den
      • Dimensions: 0 x 0
      Den
      • Area: 156
      • Dimensions: 12 x 13
      Heating
      • Central
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Electric Water Heater, Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Washer
      • Laundry: Laundry Room, Laundry Closet
      Features
      • All Bedrooms Up, Primary Up, Renovated Bathroom, High Ceilings, Smooth Ceiling, Cable Wired, Walk-In Closet(s), 1/2 Bath, Den/Great Room, Dining Room, Kitchen, Laundry Room, 2 or More Baths, 2nd Bedroom, Primary Bedroom, Square Feet Source: Appraisal
      • Flooring: Part Carpet, Part Hardwood
      • Doors: Storm Door(s)
      • Windows: Double Pane Windows, Excl Some Window Treatmnt
      • Attic: Pull Down Stairs
      • Number of fireplaces: 1
      • Fireplace features: In Den/Great Room, Masonry
      Interior area
      • Total interior livable area: 1,200 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Assigned, Guest, Driveway/Pad
      • Covered spaces: 1
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Patio & porch: Porch, Screen Porch, Covered Patio
      • Exterior features: Courtyard, Balcony, Enclosed Balcony, Sidewalks
      • Pool features: Community, Neighborhood
      • Fencing: Wood,Wood Fence
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      Lot
      • Size: 2,178 Square Feet
      • Dimensions: 24 x 110
      • Features: Corner Lot, Level, Professionally Landscaped, Some Trees, Well Landscaped Grounds
      Details
      • Parcel number: 002083 B00005

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Wood/Composition
      • Foundation: Slab
      • Roof: Composition Shingles
      Condition
      • New construction: No
      • Year built: 1994

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Clubhouse, Gated, Recreation Facilities, Nbrhd Recreation Facility, Fitness Center, Tennis Court(s)
      • Security: Security System, Smoke Detector(s), Burglar Alarm, Dead Bolt Lock(s), Fire Alarm, Monitored Alarm System, Nbrhd Guard Service, Window Guard(s)
      • Subdivision: South Bluffs Pd Phase 2
      HOA
      • Has HOA: Yes
      • HOA fee: $1,200 annually
      Location
      • Region: Memphis

      Financial & listing details

      • Price per square foot: $267/sqft
      • Tax assessed value: $309,000
      • Annual tax amount: $4,072
      • Price range: $320K - $320K
      • Date on market: 6/4/2026
      • Cumulative days on market: 59 days
      • Listing terms: Conventional,FHA,VA Loan

        Estimated market value

        $313,100

        $297,000 - $329,000

        $2,014/mo

        Price history

        DateEventPrice
        7/17/2026Price change$320,000-2.1%$267/sqft
        Source: MAAR #10223094 Report a problem
        7/16/2026Price change$327,000-0.9%$273/sqft
        Source: MAAR #10223094 Report a problem
        6/23/2026Price change$329,999-2.7%$275/sqft
        Source: MAAR #10223094 Report a problem
        6/4/2026Listed for sale$339,000+0.4%$283/sqft
        Source: MAAR #10223094 Report a problem
        12/8/2025Listing removed$2,300$2/sqft
        Source: MAAR #10210160 Report a problem
        12/4/2025Listing removed$337,500$281/sqft
        Source: MAAR #10191014 Report a problem
        11/21/2025Listed for rent$2,300$2/sqft
        Source: MAAR #10210160 Report a problem
        11/3/2025Price change$337,500-0.7%$281/sqft
        Source: MAAR #10191014 Report a problem
        10/27/2025Price change$340,000-0.6%$283/sqft
        Source: MAAR #10191014 Report a problem
        10/16/2025Price change$342,000-0.4%$285/sqft
        Source: MAAR #10191014 Report a problem
        10/9/2025Price change$343,499-0.4%$286/sqft
        Source: MAAR #10191014 Report a problem
        10/5/2025Price change$344,9000%$287/sqft
        Source: MAAR #10191014 Report a problem
        9/23/2025Price change$345,000-0.7%$288/sqft
        Source: MAAR #10191014 Report a problem
        9/16/2025Price change$347,500-0.7%$290/sqft
        Source: MAAR #10191014 Report a problem
        9/12/2025Price change$349,9000%$292/sqft
        Source: MAAR #10191014 Report a problem
        9/6/2025Price change$349,9900%$292/sqft
        Source: MAAR #10191014 Report a problem
        6/19/2025Price change$349,999-2.5%$292/sqft
        Source: MAAR #10191014 Report a problem
        6/3/2025Price change$359,000-1%$299/sqft
        Source: MAAR #10191014 Report a problem
        5/15/2025Price change$362,500-0.5%$302/sqft
        Source: MAAR #10191014 Report a problem
        4/16/2025Price change$364,499-0.1%$304/sqft
        Source: MAAR #10191014 Report a problem
        4/15/2025Price change$364,9900%$304/sqft
        Source: MAAR #10191014 Report a problem
        4/10/2025Price change$364,9990%$304/sqft
        Source: MAAR #10191014 Report a problem
        4/4/2025Listed for sale$365,000$304/sqft
        Source: MAAR #10191014 Report a problem
        3/13/2025Pending sale$365,000$304/sqft
        Source: MAAR #10191014 Report a problem
        3/1/2025Listed for sale$365,000+99.5%$304/sqft
        Source: MAAR #10191014 Report a problem
        9/17/2013Sold$183,000-3.2%$153/sqft
        Source: MAAR #3276853 Report a problem
        9/8/2004Sold$189,000+30.3%$158/sqft
        Source: Public Record Report a problem
        1/7/2000Sold$145,000$121/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,072 -1%$77,250 +23.6%
        2024$4,114 +8.1%$62,475
        2023$3,806 $62,475
        2022-- $62,475
        2021-- $62,475 +18.4%
        2020$1,686 $52,750
        2019$1,686 -21.1%$52,750
        2018$2,136 -47.4%$52,750 -4.2%
        2017$4,065 +158.7%$55,075 +19.1%
        2016$1,572 -4.5%$46,225
        2014$1,646 $46,225
        2013-- $46,225 -1.2%
        2012-- $46,800 -9.3%
        2011-- $51,625
        2010-- $51,625
        2009-- $51,625 +5.8%
        2008-- $48,800
        2007-- $48,800
        2006-- $48,800
        2005-- $48,800 +27.4%
        2004-- $38,300
        2003-- $38,300
        2002-- $38,300
        2001-- $38,300 +25.4%
        2000-- $30,550
        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.
        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: Downtown

        Getting around

        63 / 100
        Somewhat Walkable
        39 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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