Opportunity awaits at 1301 Margaret Rd! This 0.53-acre residential lot offers plenty of room and potential for your next project. Nestled in an established Memphis area with convenient access to W Holmes Rd and nearby amenities, this property is ready for a new owner to bring their vision to life. Whether you're looking to build or add to your investment portfolio, don't miss the possibilities this lot has to offer.
Westwood Shores, located between Poplar Avenue and Walnut Grove Road, is a residential and lakeside Memphis neighborhood with curving streets and pocket parks. The neighborhood’s character concentrates around the Shelby Farms Greenline trailheads near Farm Road, where cyclists, runners, and dog-walkers set the daily tempo. Housing leans toward mid-century ranches and later brick builds, with mature trees shaping a quiet, shaded streetscape. Water views and small docks give the area a weekend-at-home feel. Nearby cultural pillars such as the Memphis Botanic Garden, Dixon Gallery & Gardens, and the University of Memphis add galleries, lectures, and seasonal events to the routine.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Wooded lot
Paved road frontage
Regular-shaped parcel
Subdivision location
Recorded subdivision
Home design
Land property
Construction
No improvements
Utilities
Electricity available
Natural gas available
Public sewer
Public water
Other
Zoned R-6
Adjacent area zoned for single-family
Lot dimensions approximately 132 x 175
Acreage approximately 0.53 acre
One lot available
Parcel ID 082054 00002
Located in subdivision OLD HOME TOWN
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10229098
Aug 25, 2026
Listed
$19,500
Public Records
Dec 20, 1996
Sold
$37,900
Public Records
Dec 2, 1965
Sold
$5,700
Year
Property tax
Land + Additions
Assessment*
2025
$87 (−7.3%)
$1,650
2024
$94 (+8.1%)
$1,650
2023
$87
$1,425
2022
$87 (+459.0%)
$1,425
2021
$16
$1,425
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
132 ft.
Lot depth
175 ft.
Lot size
0.53 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
082054 00002
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 22, 2026.
R-6
Residential Single Family-6 District
The single-family residential districts are intended to accommodate one single-family detached principal dwelling unit per lot. These districts should be applied in areas where the land-use pattern is predominately single-family residential or where such a land use pattern is desired in the future. Five single-family residential districts are established-R-6 which are differentiated primarily on the basis of minimum lot area and setback requirements. New R-6 districts are generally located in an infill or redevelopment location where similar lot sizes are part of the original fabric of development. Additionally, R-6 districts should have a shared street network with and are generally located at least 500 to 1,000 ft from a CMU-1, CMU-2, CMU-3, or CBD district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Senior
Infrastructure
Educational / school
Fire house
Police station
Recreation
Park & open space
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 21 days in 30 years
4/10 Wind Factor
17% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38109
Average low and high temperatures (°F)
46
30
56
38
71
50
77
58
78
63
87
72
92
76
89
71
87
67
77
57
65
49
54
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1301 Margaret Rd
$16,851
$2,649 under list price of $20K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $19K to $100K.