When location, character and land become available in just the right area, you can bet you aren’t the only one waiting for this one. Step onto the front porch and into a one-of-a-kind ranch where charm meets convenience just blocks from Collierville Town Square and directly across the street from Collierville Elementary. Original hardwoods, multiple spacious living areas, a kitchen looking over your own little piece of land right in the middle of Collierville and a rustic home office with a shared fireplace all showcase the home’s thoughtful character throughout years past. Don’t miss the detached GUEST HOUSE—with over 750 sq ft, this bonus space is ideal for extended guests, a studio, or flexible work space. Entertain poolside under mature trees on 1.6 peaceful acres or unwind on your screened in porch. This property blends timeless, farmhouse appeal with everyday livability while offering rare privacy, versatility, and location in one of Collierville’s most desirable neighborhoods.
Single-familyProperty Type
1921Year Built
1.6 acresLot Size
$235Est. Price/Sq.Ft.
2 spacesParking
Listed by Nicole Baldridge• BHHS McLemore & Co. Realty
Bought with Melissa Rosengarten• John Green & Co., REALTORS
Memphis Area Association of Realtors(R) MLS #10202446
Oct 29, 2025
Sold
$685,000
$228/sq ft
Jul 31, 2025
Listed
$695,000
$232/sq ft
Memphis Area Association of Realtors(R) MLS #10008037
Sep 28, 2017
Sold
$499,900
$167/sq ft
Jul 29, 2017
Listed
$499,900
$167/sq ft
+20
This Renovated 1921 Farmhouse Sits on 1.6 Acres Complete w/ 18x42 Salt Water Pool, Pool/Guest House, Outdoor Kit w/ Deck & a 5 Hole Putting Green. Home Has Lrg Renovated Kit w/ Granite Counter Tops, 18x18 Tile, Stainless Appl, 7 ft Island, & Wine Bar. Floorplan Offers 4 Bdrms(Split Plan), LR, DR, Office, Gathering RM & 3 Full Updated BA. Nice Screened Porch & 60 Foot Front Porch Great for Entertaining! Pool/Guest House is 700 sq ft has Full Bath & 1 Car Garage. New HVAC & Hot Water Heater
Public Records
Feb 20, 2003
Sold
$190,950
$64/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,140 (+11.2%)
$27,225 + $138,425
$165,650
2024
$6,419
$27,225 + $138,425
$165,650
2023
$6,419 (+2.3%)
$17,250 + $105,475
$122,725
2022
$6,271 (−1.2%)
$17,250 + $105,475
$122,725
2021
$6,345 (+10.7%)
$17,250 + $105,475
$122,725
2020
$5,733 (+45.2%)
$17,250 + $105,475
$122,725
2019
$3,949
$17,250 + $80,250
$97,500
2018
$3,949 (+24.9%)
$17,250 + $80,250
$97,500
2017
$3,161 (−11.3%)
$17,250 + $80,250
$97,500
2016
$3,565
$17,250 + $59,650
$76,900
Tax history for 549 Peterson Lake Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,140 (+11.2%)
$27,225 + $138,425
$165,650
2024
$6,419
$27,225 + $138,425
$165,650
2023
$6,419 (+2.3%)
$17,250 + $105,475
$122,725
2022
$6,271 (−1.2%)
$17,250 + $105,475
$122,725
2021
$6,345 (+10.7%)
$17,250 + $105,475
$122,725
2020
$5,733 (+45.2%)
$17,250 + $105,475
$122,725
2019
$3,949
$17,250 + $80,250
$97,500
2018
$3,949 (+24.9%)
$17,250 + $80,250
$97,500
2017
$3,161 (−11.3%)
$17,250 + $80,250
$97,500
2016
$3,565
$17,250 + $59,650
$76,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
1.6 Acres
Year renovated
1994
Sq. Ft.
3,015
Year built
1921
Style
Single Family Residential
County
Shelby County
APN
C0244 00721
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
R-1
Low Density Residential District
These districts are designed to provide suitable areas for low density residential development characterized by an open appearance. The residential development will consist of single family detached dwellings and accessory structures. These districts also include community facilities, public utilities and open uses which serve specifically the residents of these districts. Further, it is the intent of this chapter that these districts be located so that the provision of appropriate urban services will be physically and economically feasible and so that provision is made for the orderly expansion and maintenance of urban residential development.
Permitted uses
Include but are not limited to:
Housing-Single unit
Educational/school
Fire house
Police station
Park & open space
Jun 2, 2019 • Final
Mechanical
HVAC
Feb 27, 2018 • Final
Plumbing
Plumbing
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.
Property information provided by Memphis Area Association of Realtors(R) MLS when last listed in 2025. This data may not match public records. Learn more.