481 Cheyenne Ln Madison, MS 39110
Madison AreaEstimated payment $3,389/month
Highlights
- Lake Front
- Fishing
- Open Floorplan
- Madison Avenue Upper Elementary School Rated A
- 1.2 Acre Lot
- Community Lake
About This Home
$100,000 instant equity (below March 2026 appraisal) 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. Don't miss this chance to enjoy tranquil lakefront living just 5 minutes from reservoir boat access. 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 paint -Updated fixtures -New appliances Blending modern touches with timeless character such as: solid pine doors and detailed woodwork. All the work has been done for you with recently replaced roofing, gutters, air, heating and water heater systems, and added peace of mind from 2025 foundation stabilization that includes a transferable warranty. 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. Additional features include a circular drive with ample parking and thoughtfully designed outdoor spaces that maximize the home's elevated position above the lake. Come see an exceptional property that combines scale, character, and waterfront living in one of Madison's most established neighborhoods.
Open House Schedule
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Sunday, July 19, 20262:00 to 4:00 pm7/19/2026 2:00:00 PM +00:007/19/2026 4:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,446
Year Built
- Built in 1970
Lot Details
- 1.2 Acre Lot
- Lake Front
- Landscaped
HOA Fees
- $4 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Carport
Home Design
- Brick Exterior Construction
- Slab Foundation
- Architectural Shingle Roof
Interior Spaces
- 3,749 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Crown Molding
- Beamed Ceilings
- Sheet Rock Walls or Ceilings
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Track Lighting
- Wood Burning Fireplace
- Fireplace With Gas Starter
- Fireplace in Hearth Room
- Double Pane Windows
- Vinyl Clad Windows
- Blinds
- Aluminum Window Frames
- Entrance Foyer
- Formal Dining Room
- Play Room
- Craft Room
- Storage
- Laundry Room
- Water Views
- Fire and Smoke Detector
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Breakfast Bar
- Electric Oven
- Electric Cooktop
- Dishwasher
Flooring
- Carpet
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- In-Law or Guest Suite
- 3 Full Bathrooms
- Double Vanity
- Walk-in Shower
Outdoor Features
- Access To Lake
- Covered Patio or Porch
Location
- City Lot
Schools
- Madison Avenue Elementary School
- Madison Middle School
- Madison Central High School
Utilities
- Central Air
- Heating Available
- Natural Gas Connected
- Natural Gas Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 072e-22a-024-00-00
Community Details
Overview
- Natchez Trace Village Subdivision
- Community Lake
Recreation
- Fishing
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,446 | $23,562 | $0 | $0 |
| 2024 | $4,119 | $35,343 | $0 | $0 |
| 2023 | $4,119 | $35,343 | $0 | $0 |
| 2022 | $4,119 | $35,343 | $0 | $0 |
| 2021 | $3,977 | $34,127 | $0 | $0 |
| 2020 | $3,980 | $34,151 | $0 | $0 |
| 2019 | $3,980 | $34,151 | $0 | $0 |
| 2018 | $3,980 | $34,151 | $0 | $0 |
| 2017 | $3,922 | $33,660 | $0 | $0 |
| 2016 | $3,922 | $33,660 | $0 | $0 |
| 2015 | $3,922 | $33,660 | $0 | $0 |
| 2014 | $3,922 | $33,660 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2026 05/14/26 | Price Changed | $589,000 | -9.4% | $157 / Sq Ft |
| 04/25/2026 04/25/26 | Price Changed | $649,900 | -5.7% | $173 / Sq Ft |
| 04/08/2026 04/08/26 | For Sale | $689,000 | -- | $184 / Sq Ft |
Source: MLS United
MLS Number: 4145246
APN: 072E-22A-024-00-00
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Ask me questions while you tour the home.