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978 Highway 51 S, Grenada, MS, 38901

5beds
5baths
4,100sqft
$489,000
$119price/sqft
$3,584/moest. monthly cost
$143,360/yrincome needed

About This Home

This one-of-a-kind property features four distinct sections with 13,000 total square feet of under roof space. All behind a gated entrance, offering exceptional space, versatility, and craftsmanship. The 2,400 sq ft custom-built home sits on 1.5 acres and was constructed with 111/2-inch exterior walls and 6-inch insulated interior walls, providing outstanding energy efficiency and durability. Inside, you'll find two master suites with private baths, and two additional bedrooms, custom closets, stunning heart pine floors, and an open living area anchored by a large island with quartzite countertops and deep drawers on both sides. The home also features unique architectural touches, including two interior doors from Egypt and a striking front door from India. A 14x10 double insulated glass roll-up door opens to an impressive 1,000+ sq ft breezeway, perfect for outdoor entertaining. The property also includes a 1,300 sq ft multipurpose space with a full kitchen and half bath, ideal for gatherings, events, or additional living space. A 400 sq ft cottage with an en-suite bath provides additional comfortable accommodations. Storage and workspace abound with a 500 sq ft storage room and an incredible 5,200 sq ft garage featuring six 16-foot roll-up doors plus 1,840 sq ft of covered parking. With thoughtful design, unique features, and incredible flexibility, this property offers endless possibilities for living, entertaining, and working-all within a private, gated setting. From the moment you step onto this property, the breathtaking details throughout this property make it a true must-see. Text the listing agent's number below to receive a free information sheet on the property today.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

9/10
Grenada Elementary SchoolGrades PK-56.2 mi
5/10
Grenada Middle SchoolGrades 6-85.6 mi
8/10
Grenada High SchoolGrades 9-125.8 mi

Construction

Type & Style

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

Interior

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Flooring: Hardwood
  • Finished area above ground: 0

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 0
  • Total interior livable area: 4,100 sqft

Kitchen

  • Features: Open

Property

Details

  • Lease amount: 0

Features

  • Patio & porch: Covered Porch
  • Fencing: Fenced

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
    LightningVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Earthquake
    EarthquakeModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Lightning
Tornado
Cold Wave
Hail
Heat Wave
Inland Flooding
Strong Wind
Earthquake
Ice Storm

FEMA Declared Disasters in Grenada County and Mississippi

Flood
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 $2,472$29,664
Home Insurance *$426$5,112
Property Taxes $305$3,660
Electricity $381$4,574
Total$3,584$43,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$122,880/yr
40% on housing$107,520/yr
45% on housing$95,573/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: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 4.2%
4.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.4%
5.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$119This listing

vs Other Active Listings

Avg $/sqft

ZIP 38901$83
Grenada County$86

vs Homes Sold Last Month

Median $/sqft

ZIP 38901$72
Grenada County$54

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
2026-05-02Price change$589,000
2026-04-02Listed for sale$625,000

For Sale by Agent

AgentMary Ann Jackson
BrokerageLandmark Realty

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