Looking for a large home with privacy and no city taxes? At the end of the day, just imagine watching the deer and other wildlife play in your back yard. North of Collierville, just past Spring Creek Ranch lies the luxurious enclave of Monterey Farms. Custom built on 2.47 acres & bordered by woods on 3 sides, this stately home offers 4 bedrooms (2 down), 3.5 baths, modern kitchen, dining room, living room, hearth room, sweeping grand staircase in the front, second stairs in the back, home office, large bonus, storage room, exercise room, 3 fireplaces, walk-in attic, 2 car attached garage and extra 2 car detached garage that is heated/cooled with additional overhead storage, covered porch and separate patio. Newer roof & 3 newer HVAC systems. Central vac. Wine Chiller. Refrigerator & washer/dryer stays. One year Home Warranty. Great spot on the back of the property for a vegetable garden or tennis court.
Single-familyProperty Type
1998Year Built
2.47 acresLot Size
$50/moHOA Dues
4 spacesParking
Listed by Larry Crowder• Crye-Leike, Inc., REALTORS
Gray's Creek, located between Nonconnah Creek and the Mississippi state line, is a suburban and semi-rural Memphis neighborhood with wooded creek corridors and large-lot streets. The neighborhood’s character concentrates around the U.S. 78 (Lamar Avenue) corridor near Shelby Drive, where truck traffic, repair shops, and long-standing local eateries set a workaday rhythm. Housing trends toward ranch-style homes and newer subdivisions, with pockets of open land and drainage canals shaping the street grid. Daily life orbits around driving routes, school campuses, and small commercial strips rather than a single walkable main street. Green space reads as utility and nature at once, with waterways and tree lines defining many backyards. The atmosphere feels practical and spread out, with a strong sense of edge-of-town geography.
Provided by Walk Score and Local Logic
Offer insights
12525 Walnut Grove Rd · $729,000
$719K and above
75% chance or better to win
Why $719K+ is a strong offer
DAYS ON MARKET
99 days
The average home goes pending in 38 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Two-story home with 13 rooms
Three fireplaces (den/great room, living room, primary bedroom)
Walk-in closets
Walk-in attic
Central vacuum
Rear stairs to playroom
Pet-free (cat/dog free) house
Security system with monitored alarm
Smoke detectors
Vent hood / exhaust fan
9+ ft. ceilings
Concrete floors in places
Partial carpet and partial hardwood flooring
Bedrooms
Four bedrooms total, including two on the lower level
Primary suite features carpet, fireplace, full bath, walk-in closet (primary on level 1)
Bedroom 2 (16 x 11) with carpet on level 1
Bedroom 3 (15 x 14) with carpet, shared bath, walk-in closet (level 2)
Bedroom 4 (16 x 12) with carpet, shared bath, walk-in closet (level 2)
Master bedroom dimensions approximately 19 x 17
Bathrooms
Three full bathrooms
One half bathroom
Primary bath with double sinks, separate shower, and whirlpool tub
Luxury master bathroom with separate tub and shower and double vanity
At least one full bathroom on lower level and a half bath on lower level
Kitchen
Island in kitchen
Breakfast bar and separate breakfast room
Pantry
Range/oven and cooktop
Double oven
Dishwasher
Disposal
Microwave
Refrigerator
Laundry & utility
Laundry room (washer/dryer connections)
Washer and dryer listed among interior equipment
Flooring
Partial carpet
Partial hardwood
Concrete floor areas
Heating & cooling
Three or more heating systems including central and gas
Three or more cooling systems including central
220 wiring available
Exterior features
Porch
Patio and covered patio
Wooded grounds with some trees
No pool
Home design
Detached single-family home
Traditional style
Built in 1998
Existing property
Has termite contract
Parking
More than three covered parking spaces
Four covered parking spaces reported
Side-load garage with garage door opener(s)
Security
Burglar alarm
Dead bolt locks
Fire alarm
Monitored alarm system
Smoke detectors
Construction
Brick veneer exterior
Composition shingle roof
Slab foundation
Utilities
Public water
Septic tank
Gas water heater
HOA & community
Annual association fee of $600
Self-managed association
Has neighborhood association
Financial info
Financing options: Conventional, FHA, VA
Other
Property located in Monterey Farms Phase 1
Lot approximately 2.47 acres (wooded)
Lot dimensions reported as 227 x 452
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10223207
Aug 3, 2026
Price Changed
$729,000
Jun 5, 2026
Listed
$749,000
Memphis Area Association of Realtors(R) MLS #2560658
Aug 30, 2004
Sold
$599,000
Feb 17, 2004
Listed
$624,900
Custom home on 2.47 ac wooded lot, 2 story Foyer w/ circular stair, granite counter tops, solid wood cabinets, large master w/ FP 24x24 A/C'd & heated workshop, family room w/ large masonry FP, C ville Sch 22x24 Patio
Public Records
Nov 9, 1998
Sold
$74,500
Year
Property tax
Land + Additions
Assessment*
2025
$4,842 (+16.1%)
$45,750 + $134,250
$180,000
2024
$4,172
$45,750 + $134,250
$180,000
2023
$4,172
$29,475 + $93,600
$123,075
2022
$4,172 (−1.7%)
$29,475 + $93,600
$123,075
2021
$4,246 (−2.4%)
$29,475 + $93,600
$123,075
2020
$4,352
$29,475 + $93,600
$123,075
2019
$4,352
$23,600 + $83,850
$107,450
2018
$4,352 (−1.5%)
$23,600 + $83,850
$107,450
2017
$4,416 (−2.9%)
$23,600 + $83,850
$107,450
2016
$4,550
$23,600 + $83,850
$107,450
2014
$4,550
$23,600 + $80,525
$104,125
Public record
Public record
Zoning
Permits
Beds
3
Baths
3.5
Stories
1.5
Lot width
—
Lot depth
—
Lot size
2.47 Acres
Year renovated
—
Finished Sq. Ft.
4,330
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,330
Year built
2000
Style
Single Family Residential
County
Shelby County
APN
D0223Y A00026
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
CA
Conservation Agriculture District
The CA District is intended to conserve agricultural land and undeveloped natural amenities while preventing the encroachment of incompatible land uses on farm land and other undeveloped areas. The types, area and intensity of land uses in this district are designed to encourage and protect agricultural uses and the conservation of undeveloped areas.
Permitted uses
Include but are not limited to:
Equestrian facility
Religious facility
Housing-Senior
Infrastructure
Educational/school
Fire house
Police station
Recreation
Housing-Mobile home park
Park & open space
Dec 27, 2023 • Final
Residential mechanical
HVAC
Feb 23, 2023 • Final
Residential mechanical
Install a new gas water heater.
Gas
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
4/10 Wind Factor
16% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Collierville, TN • 38017
Average low and high temperatures (°F)
47
29
57
37
72
50
78
57
79
62
88
70
92
75
89
69
84
65
77
54
65
47
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.7 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 12525 Walnut Grove Rd
$707,734
$21K under list price of $729K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $1.1M.