261 Fisherville — whether you’re seeking a large private estate site with a picturesque lakefront setting or envisioning multiple estate lots designed around a central water feature. The land is versatile, productive, and beautiful, with ample room for custom homesites, recreation, and investment growth. Located in desirable Fisherville, TN, this property offers rural tranquility with quick access to Collierville, Memphis, and surrounding communities. Property Highlights Size & Land Type: 261+/- acres of gently rolling land with a mix of open ground, woods, and water features Water Features: Stunning 20-acre lake plus two additional small ponds Development Potential: Structured for excellent estate lot development or ideal as a private estate Floodplain: None Recreational Use: Hunting and fishing opportunities right out your back door Frontage: Approx. 3,000 ft on Collierville-Arlington Rd and 1,200 ft on Macon Rd Utilities: Water main, electric and natural gas at the road.
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
Property details
Interior
Exterior
Finance
Interior features
Natural drainage
Rolling terrain
Wooded
Exterior features
261 acres
Irregular-shaped parcel
Paved road frontage
Natural spring on the property
Stocked pond/lake
Merchantable timber
Livestock allowed
Rural location at cross roads
Frontage on Macon Road and Collierville Arlington Road
No known subdivision
Home design
Acreage land property
Zoned agricultural
Adjacent areas include greenbelt and single-family residential
Construction
No improvements
Utilities
Public water available
HOA & community
Waterfront community amenity
Financial info
Conventional financing available
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10226684
Jul 22, 2026
Listed
$4,490,500
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Lot size
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Shelby County
APN
D0216 00112
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 22, 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
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be 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
13% 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
Eads, TN • 38028
Average low and high temperatures (°F)
47
28
57
36
72
49
78
56
79
62
89
70
92
74
89
68
85
64
77
53
66
46
54
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 13% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 261 AC. Macon Rd
$4,003,156
$487K under list price of $4.49M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $250K to $1.5M.