180 Crestmere

About this property

Open House, Sunday, June 14th from 1-3pm. A rare Midtown Memphis estate in historic Lea’s Woods, pairs storybook Tudor character with modern luxury and income potential. The 4-bedroom, 2.5-bath main home features arched openings, coved ceilings, textured masonry, Juliet balconies, and light-filled spaces. A 2-bedroom, 1-bath guesthouse adds flexible space plus large lower-level storage. The double lot feels like a private retreat with courtyard, renovated gunite heated saltwater pool, bluestone decking, fountains, iron gates, landscaping, and $15,000 in added backyard landscaping. Updates include roof 2021, main HVAC 2021, guesthouse HVAC 2023, main water heater 2025, and $130,000+ in total improvements. Active STR/Airbnb with seller-stated 70% occupancy and $100K-$120K annual revenue. Furnishings and business software/platforms available for an additional fee. Fantastic location borders Overton Park, 5 min from Overton Square, the zoo, and Broad Ave Arts District.