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224 S Monterey Farms Cv, Collierville, TN, 38017

5beds
5baths
5,808sqft
$975,000
$168price/sqft
$6,774/moest. monthly cost
$270,960/yrincome needed

About This Home

Majestically situated WaterFront and Water Back 2 acres with a 5800sf “WOW” house…because when someone sees it, that’s what they will say…”WOW”. Granite Kitchen overlooking adjacent Hearth Room has JennAir 6 Burner Gas + Grill, Stainless, Dbl Convections, Pot Filler, 28 Cabinets, 15 Drawers and a Wine/Beverage Room! Looking for both a Primary and 2nd Suite Down and a THIRD Suite up (plus 2 more BRs)…and, an Office Down? And Playroom AND Media/Theatre Room? This is it! But, you also get a Stay-cation upscale home with beautiful neutral finishes in the serene country, with no City Taxes. Walls of Windows across the rear of the house overlooking the park-like rear grounds and Gunite Poool (Water Back) & Vaulted/Covered Patio! Pond in front with Bream and 6 Turtles, and rooms and spaces for entertaining, guests or extended family. Unbelievable list of Features attached or in the house or I can email…

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

4/10
3/10
Mt Pisgah Middle SchoolGrades 6-94.4 mi
6/10
Germantown High SchoolGrades 9-129.8 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2007

Materials

  • Foundation: Slab
  • Roof: Composition Shingles
  • Construction materials: Brick Veneer,Stone

Other

  • Builder name: Harrell Homes

Type & Style

  • Home type: SingleFamily
  • Architectural style: French,Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Dishwasher,Disposal,Double Oven,Microwave,Range/Oven
  • Laundry features: Laundry Room

Bedroom2

  • Features: Hardwood Floor,Private Full Bath,Smooth Ceiling,Walk-In Closet(s)
  • Level: First
  • Area: 168

Bedroom3

  • Features: Carpet,Private Full Bath,Smooth Ceiling
  • Level: Second
  • Area: 182

Bedroom4

  • Features: Carpet,Smooth Ceiling,Walk-In Closet(s)
  • Level: Second
  • Area: 196

Bedroom5

  • Features: Carpet,Smooth Ceiling
  • Level: Second
  • Area: 204

Bedrooms & Bathrooms

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

Bonus Room

  • Area: 420

Dining Room

  • Features: Separate Dining Room
  • Area: 234

Features

  • 1 or More BR Down,Double Vanity Bath,Full Bath Down,Half Bath Down,Luxury Primary Bath,Primary Down,Separate Tub & Shower,High Ceilings,Smooth Ceiling,Two Story Foyer,Vaulted/Coff/Tray Ceiling,Powder/Dressing Room,2 or More Baths,2nd Bedroom,Breakfast Room,Dining Room,Keeping/Hearth Room,Kitchen,Laundry Room,Living Room,Office,Primary Bedroom,2 or More Baths,3rd Bedroom,4th or More Bedrooms,Media Room,Play Room/Rec Room,Storage,Square Feet Source: Appraisal
  • Window features: Double Pane Windows,Wood Frames
  • Flooring: Part Carpet,Part Hardwood,Tile
  • Number of fireplaces: 2
  • Fireplace features: Gas Log,In Keeping/Hearth room,Primary Bedroom
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: 220 Wiring,3 or More Systems,Ceiling Fan(s),Central Air

Interior Area

  • Total interior livable area: 5,808 sqft

Kitchen

  • Features: Keeping/Hearth Room,Separate Breakfast Room,Updated/Renovated Kitchen
  • Area: 252

Living Room

  • Features: Separate Living Room
  • Area: 342

Master Bathroom

  • Features: Double Vanity,Dressing Area,Separate Shower,Smooth Ceiling,Tile Floor,Whirlpool Tub,Full Bath

Master Bedroom

  • Features: Hardwood Floor,Sitting Area,Smooth Ceiling,Walk-In Closet(s)
  • Level: First
  • Area: 360

Office

  • Level: First
  • Area: 99

Property

Details

  • Parcel number: D0223Y A00027

Features

  • Stories: 1
  • Private pool: Yes
  • Pool features: Pool Cleaning Equipment,In Ground
  • Patio & porch: Patio,Covered Patio
  • Exterior features: Auto Lawn Sprinkler
  • Has spa: Yes
  • Spa features: Whirlpool(s),Bath
  • Waterfront features: Lake/Pond on Property

Lot

  • Lot size: 2 Acres
  • Features: Corner Lot,Landscaped,Some Trees
  • Lot size dimensions: 87670 SF 281 x 334

Parking

  • Total spaces: 3
  • Parking features: Circular Driveway,Driveway/Pad,Garage Door Opener,Garage Faces Side
  • Has garage: Yes
  • Covered spaces: 3
  • Has uncovered spaces: 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

  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High

How This Home’s Risks Compare

Tornado
Cold Wave
Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
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 $4,930$59,160
Home Insurance $585$7,020
Property Taxes $788$9,456
Electricity $471$5,662
Total$6,774$81,288

Income You'd Need if You Spent...

35% on housing$232,251/yr
40% on housing$203,220/yr
45% on housing$180,640/yr

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: 6.5%
6.5%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$168This listing

vs Other Active Listings

Avg $/sqft

ZIP 38017$195
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38017$177
Shelby County$132

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
2026-04-27Listed for sale$995,000
2026-01-10Listing removed$1,024,000
2025-11-18Price change$1,024,000
2025-11-13Price change$1,049,000
2025-10-14Price change$1,049,999
2025-09-19Price change$1,059,000
2025-09-08Price change$1,074,999
2025-08-21Listed for sale$1,089,999
2024-04-26Sold$1,001,000
2024-03-15Pending sale$995,000
2024-03-15Contingent$995,000
2024-03-08Listed for sale$995,000
2021-06-09Sold$899,900
2021-06-02Pending sale$899,900
2021-05-07Listed for sale$899,900
2021-03-24Listing removed--
2015-08-29Listing removed$699,000
2015-06-10Listed for sale$699,000
2006-11-06Sold$95,000

New Construction

AgentSheldon Rosengarten
BrokerageMarx-Bensdorf, REALTORS

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