505 Possum Trot Rd, Melbourne, AR, 72556
About This Home
Exceptional 10-acre property located just off Old Fort Road in Melbourne, featuring a 40x80 fully finished shop with 12-foot walls. The shop is thoughtfully designed with an entertainment area that includes a full kitchen, full bathroom, and a spacious game room/living area, ideal for gatherings or future conversion to living space. Four bay doors provide ample storage and easy access for vehicles or equipment. The acreage is all open and usable, complete with a pond, and offers plenty of room to build a home or expand.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2022
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Metal/Vinyl Siding,Spray Foam Insulation
Type & Style
- Home type: SingleFamily
- Architectural style: Barndominium
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Free-Standing Range,Microwave,Gas Range,Refrigerator,Electric Water Heater
Basement
- Basement: None
Bedrooms & Bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Features: Kitchen/Dining Combo,Breakfast Bar
Features
- Ceiling Fan(s),Breakfast Bar,Granite Counters,Vaulted Ceiling(s),Wood Ceiling
- Door features: Insulated Doors
- Window features: Insulated Windows
- Flooring: Tile,Concrete
- Fireplace features: None
Heating
- Heating features: Ductless
Interior Area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Details
- Parcel number: 00102549005
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Rain Gutters,Shop
- Waterfront features: Pond
Lot
- Lot size: 10 Acres
- Features: Level
Parking
- Total spaces: 4
- Parking features: Garage,Garage Door Opener,Four Car or More
- 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
- Ice Storm
- Lightning
- Strong Wind
- Tornado
- Cold Wave
- Heat Wave
- Inland Flooding
- Winter Weather
- Earthquake
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Arkansas Counties
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 | $1,769 | $21,228 |
| Home Insurance | $380 | $4,560 |
| Property Taxes | $148 | $1,776 |
| Electricity | $231 | $2,780 |
| Total | $2,528 | $30,336 |
Income You'd Need if You Spent...
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.
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 |
|---|---|---|
| 2026-03-24 | Price change | $375,000 |
| 2026-01-21 | Price change | $389,900 |
| 2025-12-18 | Price change | $399,900 |
| 2024-08-15 | Listed for sale | $999,900 |
| 2017-06-20 | Sold | $275,000 |
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