140 Water St, Madison, MS, 39110
About This Home
Welcome to 140 Water Street in the highly sought-after Lost Rabbit community of Madison, Mississippi. Situated on a desirable corner lot, this beautifully maintained 2,339-square-foot home offers the perfect blend of comfort, functionality, and charm. Featuring 3 spacious bedrooms, 2.5 baths, and a dedicated office, this home is designed to accommodate both everyday living and working from home. The thoughtfully designed floor plan provides inviting living spaces, abundant natural light, and seamless flow for entertaining family and friends. Step outside to enjoy the privacy of the fully fenced backyard, offering plenty of room for pets, play, gardening, or relaxing evenings outdoors. The corner lot location enhances curb appeal while providing additional outdoor space and flexibility. Residents of Lost Rabbit enjoy a unique village-style atmosphere with scenic walking trails, neighborhood amenities, and convenient access to the Ross Barnett Reservoir, dining, shopping, and top-rated Madison schools. Don't miss the opportunity to make this exceptional Lost Rabbit home your own.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2026
Materials
- Foundation: Slab
- Roof: Architectural Shingles
- Construction materials: Brick,Siding
Type & Style
- Home type: SingleFamily
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Disposal,Microwave,Oven,Tankless Water Heater
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Vinyl
- Fireplace features: Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Fireplace(s)
- Cooling features: Ceiling Fan(s),Central Air,Gas
Interior Area
- Total structure area: 2,339
- Total interior livable area: 2,339 sqft
Office
- Level: Main
Property
Details
- Parcel number: 072a11d003/01.22
Features
- Levels: Two
- Stories: 2
- Exterior features: Other
Lot
- Lot size: 6,969 sqft
- Features: Corner Lot
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
- Cold Wave
- Hail
- Heat Wave
- Ice Storm
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Madison County and Mississippi
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 | $3,015 | $36,180 |
| Home Insurance * | $371 | $4,452 |
| Property Taxes | $308 | $3,696 |
| Electricity | $217 | $2,609 |
| Total | $3,911 | $46,932 |
Income You'd Need if You Spent...
Mississippi FAIR Plan Programs
Mississippi Residential Property Insurance Underwriting Association
WildfireHailWindHow 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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-05 | Pending sale | $596,445 |
| 2026-06-05 | Listed for sale | $596,445 |
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