123 Founders Ln

Memphis, TN
$ 1,294,800 Beds 4 Baths 4.5 Sq 5,289 Virtual Tour
Monthly Estimate* How much can I afford?

New Price! Private gated downtown living with breathtaking river & bridge views! Around $600,000 renovation over the past 3 years, this stunning 3 story residence offers refined finishes & exceptional indoor-outdoor spaces. Currently configured as a 3-bedroom home,it can easily function up to 5 bedrooms - or a 3 bedroom main home with 2 private apartments. The chef’s dream kitchen is complemented by lux marble, Wolf /Thermador appliances, & custom cabinets. If that wasn't enough, there's also a scullery, catering kitchen, temperature-controlled wine room, & lower-level kitchen. Custom folding doors open the screened porch to the main living area for seamless entertaining. White Oak wide plank floors throughout are sure to impress, & the upper balcony is perfect for sunset views. The fabulous riverfront primary suite features a private coffee bar & an ultra-lux spa bath. Square footage exceeds city tax records-5289 sqft according to seller. Luxury, flexibility, & View! See virtual tour!

Single Family

  • Price
  • $ 1,294,800
  • City
  • Memphis
  • Bedrooms
  • 4
  • Full Bathrooms
  • 4
  • County
  • SHELBY
  • Half Bathrooms
  • 1
  • Area
  • South Bluffs-Downtown
  • Lot Size
  • 0.2 Acres
  • Zip
  • 38103
  • Sqr Footage
  • 5,289
  • Year Built
  • 1998
  • Taxes
  • $ 13495
  • Style
  • Traditional,Soft Contemporary
  • MLS#
  • 10221414
Listed By: Crye-Leike, Inc., REALTORS
Data Source: Memphis MLS (MAAR)

Features

General

Heating Central
Cooling Central
Roof Composition Shingles
Fireplaces 3
Status Active
Full Baths 4
Half Baths 1
Other Rooms Laundry Room,Bonus Room,Internal Expansion Area,In-Law Quarters,2nd Kitchen,Finished Basement,Entry Hall,Scullery
Legal Subdivision Name FOUNDERS POINTE P D PHASE 1 PARCEL 1
Style Traditional,Soft Contemporary
Stories Count 2
County Shelby
Class Residential
Type Detached Single Family
Condo No
Area 745A
Parcel Number 002086 A00019
Annual Association Fee 1500
Status Active
Annual City Tax 6608
Annual County Tax 6887
Sale/Rent For Sale
Neighborhood Amenities Gated Neighborhood
Area South Bluffs/Downtown
Service Type Full Service Listing
Neighborhood Association Mandatory
Year Built 1998
Directions Take Channel 3 Drive towards the river. Turn right into Founders Pointe gated community. Once past the gated entrance turn left,then left again. House is on the right at the end of the block.
City Memphis
DOM 135

Interior Features

Living Room Great Room,LR/DR Combination,Updated/Renovated Kitchen,Eat-In Kitchen,Breakfast Bar,Pantry,Island In Kitchen
Bedroom 4 Dimensions 40x16
Kitchen Dimensions 17x17
Living Room Dimensions 10x16
Bedroom 3 Dimensions 14x12
Bedroom 2 Dimensions 14x12
Beds 4
Total Baths 4.1
Fireplace In Living Room,In Primary Bedroom,In Other Room
Number of Rooms 11
Downstairs Bedrooms 1
Play/Bonus Room Dimension 18x13
OFFICE DESCRIPTION Level 2,Smooth Ceiling,Hardwood Floor
BEDROOM 4 DESCRIPTION Basement,Private Full Bath,Smooth Ceiling,Vinyl/Luxury Vinyl Floor
MISC. INTERIOR All Window Treatments,Wet Bar,Walk-In Closet(s),Attic Access,Security System,Vent Hood/Exhaust Fan
FLOORS/CEILINGS Part Hardwood,Tile,Vinyl/Luxury Vinyl Floor,Smooth Ceiling,9 or more Ft. Ceiling,Other (See REMARKS)
INTERIOR EQUIPMENT Range/Oven,Double Oven,Gas Cooking,Disposal,Dishwasher,Microwave,Refrigerator,Separate Ice Maker
BEDROOM 3 DESCRIPTION Level 2,Shared Bath,Smooth Ceiling,Hardwood Floor
BEDROOM 2 DESCRIPTION Level 2,Walk-In Closet,Shared Bath,Smooth Ceiling,Hardwood Floor
Office Dimensions 16x9

Exterior Features

Foundation Conventional
Pool None
Lot 15
Lot Size Area 0.2
Water & Sewer Public Water,Public Sewer
Lot Size 73X125
Parking Display G2A
Lot Description Some Trees,Water Frontage,Water View,Cove,Professionally Landscaped
# Covered Parking Spaces 2
PARKING/STORAGE Garage Door Opener(s),Side-Load Garage,Other (See REMARKS)
EXTERIOR/WINDOWS Brick Veneer,Other (See Remarks)
Misc. Exterior Screen Porch,Deck,Balcony

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Memphis, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/12/2026 Listed $1,349,900
5/27/2026 4% - $1,299,900
6/5/2026 1% - $1,299,800
6/11/2026 1% - $1,299,700
7/16/2026 1% - $1,294,900
8/6/2026 1% - $1,294,800

Property vs Zip Code Average in 38103

Price
AVG $560K
$1.29M
Taxes
AVG $7,057
$13,495
Year Built
AVG 1999
1998
Visits
AVG 98
94
Data Provided by Inside Real Estate®

123 Founders Ln Memphis, TN is a Single Family Home for sale at $1294800 with 5289 sqft and a lot size of 0.2 Acres Acre(s). 123 Founders Ln Memphis has 4 bedrooms, 4 baths and was built in 1998. The property's zip code is 38103 which is in Memphis, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.