311 Wood St, Water valley, MS, 38965
About This Home
Step into history with this stunning 1870 home, full of character, charm, and opportunity. Located just over a block from Main Street, this spacious property offers 7 bedrooms, 4 bathrooms, and 3 sunrooms/porches, making it ideal for a large family, bed-and-breakfast, event venue. Set on 1.8 acres, the property also includes additional buildings, one with water and electricity, offering excellent potential for a guest house, studio, man cave, office, or rental space. This remarkable home features a beautiful staircase shipped from France, adding a rare and elegant historic touch. Rich in local history, reflecting its long-standing place in the community. If you're looking for a one-of-a-kind historic property with place in “The Valley” and only 20 minutes to Ole Miss- you just found it! Be sure to watch the 2 virtual tours.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1870
Materials
- Foundation: Basement
- Roof: Architectural
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Residential
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Refrigerator,Vented Exhaust Fan,Gas Water Heater
- Laundry features: W/D Hook Up
Basement
- Has basement: Yes
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Cooling features: Electric
Features
- Walk-In Closet(s),Ceiling Fan(s)
- Door features: French Doors
- Window features: Storm Window(s),Blinds
- Flooring: Hardwood
Interior Area
- Total structure area: 4,179
- Total interior livable area: 4,179 sqft
Property
Details
- Parcel number: 0411R330002500
- Zoning description: OTHER
Features
- Pool features: None
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Lot size: 1.80 Acres
Parking
- Parking features: None
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
- Strong Wind
- Tornado
- Earthquake
- Hail
- Inland Flooding
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 | $1,896 | $22,752 |
| Home Insurance * | $415 | $4,980 |
| Property Taxes | $146 | $1,752 |
| Electricity | $388 | $4,663 |
| Total | $2,845 | $34,140 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-09 | Listed for sale | $425,000 |
View on Zillow