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245 Amber Waves Ln, Collierville, TN, 38017

4beds
4baths
3,540sqft
$520,000
$147price/sqft
$3,648/moest. monthly cost
$145,920/yrincome needed

About This Home

$10,000 buyer credit! This beautifully maintained 4-bedroom, 3.5-bath residence offers exceptional space, style, and comfort in one of Collierville’s most desirable neighborhoods. Step inside to find a welcoming open floor plan with spacious living areas, an extra sitting area, and a versatile bonus room perfect for a home office, playroom, or media space. The kitchen is a chef’s delight, featuring brand-new ovens, cooktop, and microwave, plus new faucets in the kitchen, powder room, and primary suite. Enjoy cozy evenings in the inviting living room or unwind in the large primary suite complete with a luxurious bathroom and ample closet space. Fresh paint throughout and new carpet installed just one year ago adds comfort throughout the home. Outside, you’ll love the 3-car garage providing plenty of parking and storage, along with a private backyard ideal for entertaining or relaxing. This home offers convenient access to top-rated Collierville schools, parks, and shopping! Come see!

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

8/10
7/10
9/10
Collierville High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 2008

Materials

  • Construction materials: Brick Veneer

Type & Style

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

Interior

Bedroom2

  • Area: 216

Bedroom3

  • Area: 224

Bedroom4

  • Area: 165

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Bonus Room

  • Area: 364

Den

  • Area: 450

Dining Room

  • Features: Separate Dining Room
  • Area: 168

Features

  • 1 or More BR Down,Double Vanity Bath,Half Bath Down,Separate Tub & Shower,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Window features: Double Pane Windows
  • Flooring: Part Carpet,Part Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 3,540 sqft

Kitchen

  • Features: Breakfast Bar,Eat-in Kitchen,Kitchen Island,Keeping/Hearth Room,Washer/Dryer Connections
  • Area: 368

Living Room

  • Features: Separate Living Room
  • Area: 340

Master Bedroom

  • Area: 270

Property

Details

  • Parcel number: C0258L A00014

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Patio

Lot

  • Lot size: 0.31 Acres
  • Features: Level
  • Lot size dimensions: 90 x 150

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener,Garage Faces Side
  • Has garage: Yes
  • Covered spaces: 3

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

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Earthquake
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 $2,629$31,548
Home Insurance $312$3,744
Property Taxes $420$5,040
Electricity $287$3,451
Total$3,648$43,776

Income You'd Need if You Spent...

35% on housing$125,074/yr
40% on housing$109,440/yr
45% on housing$97,280/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

$147This 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
2026-05-01Price change$540,000
2026-02-23Listed for sale$545,000
2025-11-03Listing removed$574,900
2025-10-06Price change$574,900
2025-09-29Price change$584,900
2025-08-08Price change$589,900
2025-07-19Price change$599,900
2025-06-30Listed for sale$609,900
2014-12-04Sold$358,000

For Sale by Agent

AgentCarrie E Stewart
BrokerageRegency Realty, LLC

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