For Sale

Listed by Shay Payne from BHHS McLemore & Co. Realty

Source: Memphis Area Association of Realtors® #10223362

180 Crestmere Place, Memphis, TN, 38112

$575,000

4
2
2
2494 sq. ft.
0.22 ac.

SingleFam

30+ days on the market

What's around 180 Crestmere Place

About this property

A rare Midtown Memphis estate in historic Lea’s Woods, pairs storybook Tudor character with modern luxury and income potential. The 4-bedroom, 2.5-bath main home features arched openings, coved ceilings, textured masonry, Juliet balconies, and light-filled spaces. A 2-bedroom, 1-bath guesthouse adds flexible space plus large lower-level storage that is plumbed, heated/cooled. The double lot feels like a private retreat with courtyard, gunite heated saltwater pool, bluestone decking, fountains, iron gates, and $15,000 in added backyard landscaping. Updates include roof 2021, main HVAC 2021, guesthouse HVAC 2023, main water heater 2025- $130,000+ in total improvements. Active STR/Airbnb with seller-stated 70% occupancy and $100K-$120K annual revenue. Furnishings and business software/platforms available for an additional fee. Fantastic location borders Overton Park and zoo; 5 min from Overton Square. Don't miss the high-ceilinged full third-floor attic and basement wine cellar!

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