5617 County Road 118, Water Valley, MS, 38965
About This Home
Spacious 5-Bedroom Brick Home on 5 Acres with Pool & Stocked Pond | Water Valley, MS Welcome to this spacious 5-bedroom, 2-bath brick home offering approximately 2,900 square feet of living space on 5 beautiful fenced acres in Water Valley, Mississippi. Built in 1984, this property features a basement foundation, county water, a septic system, hardwood and carpet flooring, a carport, and numerous recent improvements, including a new shingle roof (1 year old), a 5-ton HVAC system (3 years old), and a hot water heater replaced approximately 4 years ago. Designed for both comfort and outdoor enjoyment, the property boasts a 20x40 in-ground swimming pool, a fully stocked front-yard pond, a tiki bar, a fire pit, and a covered swing bed, creating the perfect setting for entertaining or relaxing. The fully fenced acreage provides ample room for recreation, pets, or hobby farming while offering the privacy of country living. With only minor cosmetic updates needed, this property is an excellent opportunity for homeowners seeking space and modern upgrades or investors looking for a home with outstanding amenities and long-term value. Enjoy peaceful rural living while taking advantage of everything this unique property has to offer.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 1984
Materials
- Foundation: Other
- Roof: Architectural Shingles
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Other
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Walk-In Closet(s),Other
- Flooring: Carpet,Hardwood
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 2,900
- Total interior livable area: 2,900 sqft
Property
Details
- Parcel number: 0502030000102
Features
- Levels: Two
- Stories: 2
- Private pool: Yes
- Pool features: In Ground
- Patio & porch: Porch
- Exterior features: See Remarks
- Fencing: Fenced
Lot
- Lot size: 5 Acres
- Features: Landscaped,Level
Parking
- Total spaces: 2
- Parking features: Attached Carport
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 2
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
- Lightning
- Cold Wave
- Heat Wave
- Tornado
- Drought
- Earthquake
- Hail
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Yalobusha County and Mississippi
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,643 | $19,716 |
| Home Insurance * | $360 | $4,320 |
| Property Taxes | $127 | $1,524 |
| Electricity | $269 | $3,235 |
| Total | $2,399 | $28,788 |
Income You'd Need if You Spent...
Mississippi FAIR Plan Programs
Mississippi Residential Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-24 | Listed for sale | $325,000 |
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