Back 589 Madewood Drive
Off Market

589 Madewood Drive

Memphis TN 38103

2
2
1
1200 sq. ft.
0.05 ac.
Single-Family
Last sold for $320,000
Todd AdamsTodd Adams, last sold this property on 09 October 2026 after 587 days on market.

Overview

*Sellers offer either/or: 2-1 rate buy down or 3% towards buyers closing costs. 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.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
1200 sq. ft. floor area
0.05 ac. lot size
Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Memphis over the last 12 months, the estimated median property value of 589 Madewood Drive is $315.5k.

Median value
$315.5k
Estimated value range
$280k - $400k
Median days on market
30
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Memphis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 589 Madewood Drive

2026
Sold
$320,000
09 Oct 2026 by Todd Adams, of Keller Williams
2025
Rented
Undisclosed
08 Dec 2025 by Keller Williams
2013
Sold
$183,000
17 Sep 2013 by Richard Travers, of Crye-Leike, Inc., REALTORS

Happy sellers in Memphis

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We have insufficient information to provide an overview of customer satisfaction for Memphis. Viewing the agent profiles, reviews and sales for Memphis can provide insights for this location.

Local market activity for 2 bedroom single-family properties in Memphis

In the last 12 months, 14 two-bedroom single-family properties similar to 589 Madewood Drive, have been sold.

This represents a 7% decrease in two-bedroom single-family properties sales when compared to the previous 12 months.

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