This residential development opportunity sits in an area supported by major employment and commercial activity including Amazon and Nike operations nearby. The property offers the potential for approximately 75 residential lots within an existing unrecorded subdivision concept. RIDGEMONT TRAILS SUBDIVISION - Phase 2 and 3 (unrecorded). Phase 2 has 33 lots and phase 3 has 42 lots.
Raleigh, located between Frayser and Bartlett, is a residential and commercial Memphis neighborhood with a broad suburban street grid and long-established civic corridors. The neighborhood’s character concentrates around the Austin Peay Highway and Covington Pike crossroads, where auto shops, local eateries, and everyday retail line wide lanes and big parking lots. The Raleigh Springs Civic Center and Library acts as a community anchor with public programs and meeting space. The Bartlett Performing Arts and Conference Center and Davies Manor Historic Site sit nearby as cultural touchpoints tied to the area’s history and arts calendar. Housing ranges from mid-century ranches to newer subdivisions, with mature trees and deep setbacks shaping the streetscape. Green space and recreation cluster around nearby parks and sports fields, giving the area a practical, outdoors-forward rhythm.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Level terrain
Irregular-shaped parcel
Paved road frontage
Located in a subdivision
No on-site improvements
Home design
Land (vacant)
Construction
Zoned R-6
Utilities
Utilities: Other (see remarks)
HOA & community
Subdivision: Ridgemont Trails
Financial info
Conventional financing available
Other
Parcel ID 090011 00131
Approx. 18.41 acres
51–100 lots available
Legal: Unrecorded subdivision
Area code/descriptor: 731A
Annual city tax reported
Annual county tax reported
Electricity and solar
View estimated energy costs and solar savings for this home
Memphis Area Association of Realtors(R) MLS #10215192
Sep 21, 2026
Price Changed
$649,000
Jun 19, 2026
Price Changed
$699,000
Feb 22, 2026
Listed
$750,000
Memphis Area Association of Realtors(R) MLS #1
Mar 18, 2025
Price Changed
$194,900
Feb 7, 2025
Price Changed
$269,900
Apr 18, 2024
Price Changed
$289,900
Jan 18, 2024
Price Changed
$349,900
Jan 18, 2024
Price Changed
$359,900
Year
Property tax
Land + Additions
Assessment*
2025
$1,356 (−16.3%)
$25,725
2024
$1,620 (+8.1%)
$25,725
2023
$1,499
$24,600
2022
$1,499 (−1.2%)
$24,600
2021
$1,516 (−14.9%)
$24,600
2020
$1,783
$24,600
2019
$1,783
$24,600
2018
$1,783 (+76.3%)
$24,600
2017
$1,011
$24,600
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
18.34 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Shelby County
APN
090011 00131
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 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
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, 19 days in 30 years
4/10 Wind Factor
15% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Memphis, TN • 38128
Average low and high temperatures (°F)
46
29
57
36
71
50
78
58
79
62
89
72
93
76
89
70
85
66
77
55
65
48
54
39
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 1% for direct sun exposure in Memphis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 0 Egypt-central Rd
$576,706
$72K under list price of $649K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $95K to $265K.