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130 Water St, Madison, MS, 39110

3beds
3baths
2,130sqft
$543,150
$255price/sqft
$3,562/moest. monthly cost
$142,480/yrincome needed

About This Home

Builder offering $10,000 in closing cost assistance! Experience the lifestyle of the Town of Lost Rabbit in this stunning new construction home. Perfectly situated in the heart of the community, this 3-bedroom, 2.5-bathroom residence blends modern luxury with the neighborhood's signature ''Southern Stroll'' aesthetic. The main level is designed for comfort and convenience, featuring a spacious primary suite with an expansive bathroom and a massive walk-in closet. The open-concept living area flows seamlessly to the home's standout feature: a large, screened-in side patio complete with a cozy fireplace, perfect for year-round entertaining or quiet evenings. Upstairs, you'll find two additional bedrooms, a full bath, and a versatile flex space ideal for a home office or reading nook. Builder installed brand new washer/dryer. Enjoy being within walking distance to the Marina, the resort-style neighborhood pool, and the vibrant Town Center. Whether you're grabbing a drink at The Rabbit Hole or taking a sunset golf cart ride along the water, 130 Water St puts you right in the center of it all.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

  • Home type: MobileManufactured
  • Property subType: Residential,Single Family Residence,Manufactured Home

Interior

Appliances

  • Appliances included: Cooktop

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Fireplace features: Gas Log,Outside
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,130
  • Total interior livable area: 2,130 sqft

Property

Details

  • Parcel number: Unassigned

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 4,356 sqft

Parking

  • Total spaces: 2
  • Parking features: Garage Faces Rear
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered 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

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Madison 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 $2,746$32,952
Home Insurance *$338$4,056
Property Taxes $280$3,360
Electricity $198$2,376
Total$3,562$42,744
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$122,125/yr
40% on housing$106,860/yr
45% on housing$94,986/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: 5.3%
5.3%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: -1.3%
-1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$255This listing

vs Other Active Listings

Avg $/sqft

ZIP 39110$210
Madison County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 39110$179
Madison County$172

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

DateEventPrice
2026-02-06Listed for sale$543,150

New Construction

AgentDonna Taylor
BrokerageTaylor Realty Group, LLC

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