589 Madewood Dr Memphis, TN 38103
South Main NeighborhoodEstimated payment $2,055/month
Highlights
- Popular Property
- Fitness Center
- Updated Kitchen
- Water Views
- Gated Community
- 3-minute walk to Ashburn-Coppock Park
About This Home
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.
Home Details
Home Type
- Single Family
Year Built
- Built in 1994
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 24x110
- Wood Fence
- Landscaped Professionally
- Corner Lot
- Level Lot
- Few Trees
HOA Fees
- $100 Monthly HOA Fees
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 1,200 Sq Ft Home
- 2-Story Property
- Smooth Ceilings
- Ceiling height of 9 feet or more
- Ceiling Fan
- Fireplace Features Masonry
- Some Wood Windows
- Double Pane Windows
- Window Treatments
- Dining Room
- Den with Fireplace
- Loft
- Screened Porch
- Water Views
- Pull Down Stairs to Attic
Kitchen
- Updated Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Wood
- Partially Carpeted
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- Primary bedroom located on second floor
- All Upper Level Bedrooms
- En-Suite Bathroom
- Walk-In Closet
- Remodeled Bathroom
- Primary Bathroom is a Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Window Bars
- Monitored
- Storm Doors
- Fire and Smoke Detector
- Termite Clearance
Parking
- 1 Parking Space
- Driveway
- Guest Parking
- Assigned Parking
Outdoor Features
- Enclosed Balcony
- Courtyard
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 002083 B00005
Community Details
Overview
- South Bluffs Pd Phase 2 Subdivision
- Mandatory home owners association
Amenities
- Clubhouse
Recreation
- Tennis Courts
- Recreation Facilities
- Fitness Center
- Community Pool
Security
- Security Guard
- Gated Community
- Building Fire Alarm
Matterport 3D Tour
Floorplans
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 | $2,078 | $77,250 | $20,250 | $57,000 |
| 2024 | $2,118 | $62,475 | $13,900 | $48,575 |
| 2023 | $3,806 | $62,475 | $13,900 | $48,575 |
| 2022 | $2,118 | $62,475 | $13,900 | $48,575 |
| 2021 | $3,850 | $62,475 | $13,900 | $48,575 |
| 2020 | $3,822 | $52,750 | $13,900 | $38,850 |
| 2019 | $3,822 | $52,750 | $13,900 | $38,850 |
| 2018 | $3,822 | $52,750 | $13,900 | $38,850 |
| 2017 | $2,264 | $55,075 | $13,900 | $41,175 |
| 2016 | $2,020 | $46,225 | $0 | $0 |
| 2014 | $2,020 | $46,225 | $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 | Prior Sale |
|---|---|---|---|---|---|
| 06/23/2026 06/23/26 | Price Changed | $329,999 | -2.7% | $275 / Sq Ft | |
| 06/03/2026 06/03/26 | For Sale | $339,000 | 0.0% | $283 / Sq Ft | |
| 12/08/2025 12/08/25 | Rented | $2,500 | +8.7% | -- | |
| 11/20/2025 11/20/25 | For Rent | $2,300 | 0.0% | -- | |
| 09/17/2013 09/17/13 | Sold | $183,000 | -2.1% | $146 / Sq Ft | View Prior Sale |
| 08/05/2013 08/05/13 | Pending | -- | -- | -- | |
| 07/19/2013 07/19/13 | For Sale | $187,000 | -- | $149 / Sq Ft |
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 | $192,000 | Realty Title | |
| Warranty Deed | $189,000 | -- | |
| Warranty Deed | $145,000 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $179,685 | FHA | |
| Closed | $151,200 | Purchase Money Mortgage | |
| Closed | $144,926 | FHA |
About the Listing Agent
I'm a Lifetime Multi Million Dollar Club, "Top Producer" real estate agent with Keller Williams Realty. I'm extremely active in the Memphis, Germantown, Collierville TN and the nearby areas. I provide sellers and buyers with professional, responsive and attentive service. Call or text me, 901-870-7633 - I'm here to help.
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Ask me questions while you tour the home.