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51 Spencer Cv, Hattiesburg, MS, 39402

5beds
7baths
8,370sqft
$1,274,900
$152price/sqft
$8,173/moest. monthly cost
$326,920/yrincome needed

About This Home

Brand New Roof! This lakefront estate sits on approximately 1.6 acres in the Oak Grove School District and offers rare privacy, a gated entrance, and panoramic water views from nearly every major room. The circular drive leads to a stately brick façade with soaring columns and a two-story arched window system that sets the tone for the scale and craftsmanship found throughout. Inside, guests step into an impressive foyer finished in Italian stone flooring beneath a massive chandelier. Dual curved staircases rise to the upper-level bedroom suites, each with its own private bath and walk-in closet. From the foyer, sightlines extend through the formal great room--designed with intricate millwork, two fireplaces with carved mantels, floor-to-ceiling arched windows, and multiple sets of French doors opening to the covered terrace overlooking the lake. The main-level primary wing is positioned for privacy and includes a spacious bedroom, an office with custom built-ins, and a wet bar. The attached bath features marble floors, a large soaking tub framed by decorative columns, separate vanities, and a walk-in shower. The formal dining room offers generous square footage, detailed trim, and tall windows for natural light. It connects directly to an expansive kitchen outfitted with rich custom cabinetry, granite counters, double islands (one with prep sink), a gas cooktop with decorative columns, wall ovens, and abundant storage. A large breakfast area and adjoining keeping room provide additional space, each showcasing extensive millwork, tall windows, and a fireplace. A bright sunroom wrapped in glass delivers uninterrupted views of the lake, landscaped grounds, and surrounding trees. Outdoor spaces include a covered terrace, brick pathways, and multiple seating areas positioned to overlook the private waterfront setting. Additional features include a three-car garage, large laundry room, generous closet storage throughout, tall interior doors, custom windows and transoms, plantation-style detailing, and the privacy of a gated brick entry. A rare combination of scale, craftsmanship, and setting, this property offers one of the most impressive lakefront positions in Oak Grove. Experience refined living at this landmark waterfront residence.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
15
BikeSomewhat Bikeable

Schools

7/10
Longleaf ElementaryGrades PK-51.7 mi
6/10
Oak Grove Middle SchoolGrades 6-83.6 mi
9/10
Oak Grove High SchoolGrades 9-122.4 mi

Construction

Condition

  • Property condition: Move In Ready
  • Year built: 1998

Materials

  • Foundation: Slab
  • Roof: Architectural Shingles
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Disposal,Double Oven,Exhaust Fan,Refrigerator
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Features

  • Beamed Ceilings,Built-in Features,Cathedral Ceiling(s),Ceiling Fan(s),Crown Molding,Granite Counters,High Ceilings,Kitchen Island,Primary Downstairs,Recessed Lighting,Sound System,Walk-In Closet(s),Wired for Sound,See Remarks
  • Flooring: Carpet,Ceramic Tile,Marble,Wood

Heating & Cooling

  • Heating features: Central,Zoned,Natural Gas
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 8,370
  • Total interior livable area: 8,370 sqft

Property

Details

  • Parcel number: 053h05009.000

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Front Porch
  • Exterior features: Lighting,See Remarks
  • Has view: Yes
  • On waterfront: Yes
  • Waterfront features: Lake Front

Lot

  • Lot size: 1.60 Acres
  • Features: Views

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Lamar 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 $6,446$77,352
Home Insurance *$280$3,360
Property Taxes $669$8,028
Electricity $778$9,339
Total$8,173$98,076
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$280,217/yr
40% on housing$245,190/yr
45% on housing$217,946/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: 7.1%
7.1%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -1.7%
-1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$152This listing

vs Other Active Listings

Avg $/sqft

ZIP 39402$181
Lamar County$189

vs Homes Sold Last Month

Median $/sqft

ZIP 39402
Lamar County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-12Listed for sale$1,274,900
2026-05-07Listing removed$1,350,000
2025-11-07Listed for sale$1,350,000
2025-07-04Listing removed$1,197,000
2025-01-08Listed for sale$1,197,000
2024-08-31Listing removed$1,149,500
2024-07-09Listed for sale$1,149,500
2024-07-06Listing removed--
2024-04-16Price change$1,149,500
2024-01-05Listed for sale$1,298,000
2023-12-30Listing removed--
2023-06-28Listed for sale$1,298,000
2022-11-05Listing removed--
2022-08-01Listed for sale$1,025,000
2022-08-01Listing removed--
2022-02-07Listed for sale$1,025,000
2022-01-29Listing removed--
2022-01-08Price change$1,025,000
2021-07-29Listed for sale$1,060,000
2021-06-11Listing removed--
2021-01-04Price change$949,900
2020-09-03Price change$969,900
2020-03-04Price change$975,000
2019-08-30Listed for sale$989,000

For Sale by Agent

AgentCharles M Dawe
BrokerageKeller Williams

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