See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1202 Martintown Rd, New Albany, MS, 38652

4beds
2baths
2,061sqft
$1,507,500
$731price/sqft
$9,460/moest. monthly cost
$378,400/yrincome needed

About This Home

This remarkable 225-acre property offers endless possibilities and is truly a blank canvas for a visionary buyer. With its size, location, and versatility, it could easily be transformed into a premier horse ranch with ample space for barns, stables, pastures, and riding arenas. For those seeking a recreational retreat, the acreage provides outstanding opportunities for hunting and wildlife management, making it ideal for a private hunting plantation or outdoor sporting destination.  Developers will recognize the potential for a thoughtfully planned residential subdivision, with room for large estate lots or a neighborhood community with trails and green space. In addition, the property lends itself beautifully to event use. Imagine creating a stunning wedding venue with sweeping views, wide open spaces, and natural backdrops for ceremonies, receptions, and gatherings.  Whether your vision includes agriculture, recreation, residential development, or hospitality, this property provides the scale and setting to bring it to life. Opportunities of this size and flexibility are increasingly rare, and this tract is well-positioned to meet a variety of needs for its next owner.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

8/10

Construction

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area above ground: 2,061

Interior Area

  • Total structure area: 2,061
  • Total interior livable area: 2,061 sqft

Property

Details

  • Parcel number: 057N14006.00 / 057N14006.01 / 039R1
  • Lease amount: 0

Lot

  • Lot size: 225 Acres

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 WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Earthquake
Heat Wave
Tornado

FEMA Declared Disasters in Union 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 $7,622$91,464
Home Insurance *$1,119$13,428
Property Taxes $527$6,324
Electricity $192$2,304
Total$9,460$113,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$324,342/yr
40% on housing$283,800/yr
45% on housing$252,266/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: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.9%
-2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$731This listing

vs Other Active Listings

Avg $/sqft

ZIP 38652$154
Union County$137

vs Homes Sold Last Month

Median $/sqft

ZIP 38652
Union County$149

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

DateEventPrice
2025-09-30Listed for sale$1,507,500

For Sale by Agent

AgentKathryn Tyer
BrokerageNational Land Realty, Gulf Coast

Similar Homes