Great private estate with easy access to Hwy 385, offering space, seclusion, and future potential. Situated with mature trees, open pasture, and a wooded buffer for a truly private backyard. Outdoor living shines with a large gunite pool and waterfall, expansive deck overlooking your land, separate covered deck, and welcoming front porch—ideal for relaxing or entertaining. Inside features a remodeled, functional layout with a downstairs primary suite and two additional bedrooms. Upstairs offers a massive media room with full bath and a bonus room above the garage, perfect for office or flex space. A bright sunroom adds charm. The oversized kitchen allows eat-in or casual living space, while the den and living room feature a fireplace. Near Herb Parsons Lake and trails. Private, versatile, and rare to find.
Memphis Area Association of Realtors(R) MLS #10221503
Aug 13, 2026
Price Changed
$549,000
May 23, 2026
Price Changed
$659,000
May 13, 2026
Listed
$699,000
Memphis Area Association of Realtors(R) MLS #1
Mar 24, 2026
Price Changed
$699,000
Memphis Area Association of Realtors(R) MLS #10077177
Jul 14, 2020
Sold
$225,000
May 15, 2020
Listed
$275,000
+4
Great property with easy access to 385. Enjoy living on a beautiful property with mature trees, pasture area (approx 5 acres) huge gunite pool with water fall, pasture area for horses and wooded section of property on the northern end. Bike or walk to Herb Parson Lake and trails/recreation area. Renovations started on the interior of the home; solid marble in the bathrooms. Home needs work, selling as is.
Public Records
Dec 3, 1996
Sold
$290,000
Public Records
Jul 1, 1988
Sold
$132,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,164 (+56.0%)
2024
$746
2023
$746
2022
$746
2021
$746 (+0.5%)
2020
$742
2019
$742
2018
$742
2017
$742 (−0.4%)
2016
$745
2015
$745
2014
$745
2013
$745
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
1.24 Acres
Year renovated
1995
Finished Sq. Ft.
3,354
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,354
Year built
1978
Style
Single Family Residential
County
Fayette County
APN
124F B 04100 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
R3
Restrictive Residential District
It is the intent and purpose of this section to secure the harmonious residential development of the county through provisions designed to assure compatibility of residential land uses both within residential districts and between residential districts and neighboring nonresidential districts. These provisions are designed further to promote adequate open spaces for traffic, light, air, and recreation; to lessen congestion on the roads; to prevent both excessive concentrations and excessive scattering of population and settlement; to protect the value of land and buildings; and to promote such distribution of population and residential land development as will tend to facilitate and conserve adequate provisions for transportation, drainage, water supply, sanitation, educational opportunity, recreation, soil fertility, and the protection of both urban and rural development. It is further the intent of this section to comply with the provisions of Tennessee Code Annotated 6-58-107 and ensure consistency with the adopted Fayette County Growth Plan as adopted in August 2003 or subsequently amended. As such, the residential districts described in this section are intended to be utilized only within Urban Growth Boundaries or Planned Growth Areas. To accomplish this intent and purpose, there shall be five 5 residential development districts in Fayette County, Tennessee.
Permitted uses
Include but are not limited to:
Housing-Single unit
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% 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
15% 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
90
70
84
65
77
54
65
47
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.8 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 415 Key Rd
$533,288
$16K under list price of $549K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $805K.