5259 Stage Rd Memphis, TN 38134
Estimated payment $838/month
Total Views
78,169
2.96
Acres
$50,668
Price per Acre
128,938
Sq Ft Lot
About This Lot
PRIME R-10 DEVELOPMENT OPPORTUNITY
2.96 Acres | 5259 Stage Road
$149,977 | 6-12 Home Sites
THE NUMBERS SPEAK FOR THEMSELVES
Land cost per lot: $20,625 to $41,250 depending on density (6 to 12 homes)
In a market where Bartlett median home prices hit $353,900 and inventory sits at only 202 homes, can you afford to pass on land at these prices?
Quick ROI scenario (10 homes):
10 homes × $350,000 = $3.5M gross
Land + construction + infrastructure = ~$2.75M
Potential profit: $750K+
WHY THIS LOCATION WINS
Blue Sky Communities just validated this market with their $162M Union Depot development nearby—337 flats, 161 single-family homes at ~$450K, and 70 townhouses at ~$300K. Institutional money chose this corridor for a reason.
Location advantages:
I-40 access (1.5 miles) - BlueOval City bringing 3,000+ new Bartlett residents
Wolfchase Galleria (minutes away)
Established neighborhoods surrounding the property
Major corridor visibility on Stage Road
Market conditions:
Seller's market with limited inventory
10.6% month-over-month price appreciation (Dec 2024)
Strong suburban family demand
$396.6M in capital investment in Bartlett over 4 years
THE OPPORTUNITY
What you're getting:
2.96 acres of raw land with R-10 zoning (10,000 sq ft min. lots)
Clean slate to design your ideal layout (6-12 homes)
City utilities available nearby (requires extension to site)
Surrounded by existing homes in proven market
Build your way:
6 half-acre executive homes at $450K+
10 one-third-acre family homes at $325-375K
12 quarter-acre+ homes at $300-350K
THE QUESTIONS THAT MATTER
? When was the last time you found R-10 land under $250K on a major corridor with a $162M development next door?
? With BlueOval City workers needing housing and only 202 homes available in Bartlett, how long will this pricing last?
? Can you afford to let another builder grab this while you're still searching for land?
FINAL THOUGHTS
$227,000 gets you: ? Land cost under $42K per lot (even at just 6 homes)
? Institutional validation from Blue Sky Communities
? Award-winning schools driving buyer demand
? BlueOval City timing with worker housing needs
? Complete development control from ground up
Raw land. Your vision. Perfect timing.
Serious builder inquiries only. Buyer is responsible for utility connections, permits, and infrastructure development. Verify all information independently.
Listing Provided By
Property Details
Property Type
- Land
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $328 | $10,525 | $10,525 | -- |
| 2024 | $328 | $9,675 | $9,675 | -- |
| 2023 | $589 | $9,675 | $9,675 | $0 |
| 2022 | $589 | $9,675 | $9,675 | $0 |
| 2021 | $596 | $9,675 | $9,675 | $0 |
| 2020 | $701 | $9,675 | $9,675 | $0 |
| 2019 | $701 | $9,675 | $9,675 | $0 |
| 2018 | $701 | $9,675 | $9,675 | $0 |
| 2017 | $398 | $9,675 | $9,675 | $0 |
| 2016 | $423 | $9,675 | $0 | $0 |
| 2014 | $423 | $9,675 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/14/2026 01/14/26 | Price Changed | $149,977 | -24.9% | -- |
| 11/28/2025 11/28/25 | Price Changed | $199,700 | -3.5% | -- |
| 11/14/2025 11/14/25 | Price Changed | $207,000 | -8.8% | -- |
| 10/29/2025 10/29/25 | Price Changed | $227,000 | -8.3% | -- |
| 10/21/2025 10/21/25 | For Sale | $247,500 | -- | -- |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $106,000 | First American Title |
Source: Public Records
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