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7571 Lake Cove Dr, Meridian, MS, 39305

5beds
5baths
3,643sqft
$599,900
$165price/sqft
$4,542/moest. monthly cost
$181,680/yrincome needed

About This Home

Timeless Southern charm meets peaceful waterfront living! Very conveniently located, this home is nestled on a stunning 2.2 acre lot with mature landscaping. The main level features a spacious primary suite plus two bedrooms with a Jack-and-Jill bath. Upstairs are two bedrooms both with ensuite baths plus a cozy loft with office nook. Over the garage, an 800+ sq ft finished room with full bath offers flexible guest or bonus space connected by a covered breezeway. You will find heart pine floors, gas logs in both the living room and primary suite, a central vac system, a 2 year old main HVAC system, 50 year architectural shingles, and a screened porch with waterfront views. Set on a quiet street with large and private lots, this home blends comfort, convenience, charm, and privacy. Make plans to view it now!

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1996

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Number of fireplaces: 2
  • Fireplace: Yes

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 3,643
  • Total interior livable area: 3,643 sqft

Property

Details

  • Parcel number: 135160537700000900

Parking

  • Parking features: Garage
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningVery High
  • Tornado
    TornadoVery High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Tornado
Heat Wave
Inland Flooding
Strong Wind
Winter Weather
Hail
Hurricane
Ice Storm

FEMA Declared Disasters in Lauderdale County and Mississippi

Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,033$36,396
Home Insurance *$847$10,164
Property Taxes $324$3,888
Electricity $338$4,064
Total$4,542$54,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$155,725/yr
40% on housing$136,260/yr
45% on housing$121,120/yr

Mississippi FAIR Plan Programs

Mississippi Windstorm Underwriting Association

Covered
HailHail
WindWind
Visit Website →

Mississippi Residential Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,237Commercial: -4
Total Premiums$1.77M
Total Exposure$137.66M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.6%
-2.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$165This listing

vs Other Active Listings

Avg $/sqft

ZIP 39305$114
Lauderdale County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 39305$99
Lauderdale County$99

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Price change$639,000
2026-03-06Listed for sale$650,000
2022-06-03Sold--

For Sale by Agent

AgentTara Komar
BrokerageDwell Realty Group, LLC

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