About This Single Family in Memphis, TN
This 4 bedroom, 3 bathroom single family is located in Memphis, TN. The property spans 4,766 square feet of living space. The property sold for $1,500,000, placing it in the luxury segment of the market.
Cybill Shepherd's home. The actress owned this home overlooking Tom Lee Park and the Mississippi River. She sold the 4-bed, 3-bath, 4,766 sq ft home in October of 2006 for $1.5M, according to public records.
Real Estate in Memphis, TN
Tennessee has become one of the country's most actively growing real estate markets, with Nashville in particular attracting corporate relocations, music and entertainment industry employers, and a steady stream of migration from higher-cost states. Nashville's median prices have risen dramatically, with many established neighborhoods seeing values double within a decade as population growth has consistently outpaced housing supply. Memphis offers a more affordable alternative, while Knoxville and Chattanooga have developed their own growing demand from Appalachian outdoor recreation access and relatively affordable urban living.
What Determines Value in the Luxury Segment
In the luxury price range where this single family in Memphis sits, buyers are typically weighing a specific set of trade-offs. Luxury buyers tend to place greater weight on privacy, unique architectural features, lot quality, and the prestige of the specific address within a neighborhood. Luxury markets can be more sensitive to broader economic conditions and tend to have longer average days on market than mid-range properties.
Properties like this single family in Memphis are part of the Housle game database, where players compare real home prices from across America. Understanding what makes each home worth what it sold for — the location within its market, the specific features, the year it was built, and the condition at time of sale — is exactly the kind of knowledge that Housle builds through repeated exposure to real listings.
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