Last Sold Price
317,116 Lot Size7.28 Acres
5841 Shady Grove Rd, Memphis, TN 38120

Description

Prime 7.3 Acres in River Oaks, ready for development. One of the last remaining large pieces of land in that area. 2 drainage culverts previously installed when Grove Hill was developed next door to the East. Property is the first property East of I-240.Prime 7.3 Acres in River Oaks, ready for development. One of the last remaining large pieces of land in that area. 2 drainage culverts previously installed when Grove Hill was developed next door to the East. Property is the first property East of I-240.
LISTING CLOSED: 06/16/2014 12:00 AM

  1. Listed by Joel Hobson • Hobson, REALTORS

Property Details for 5841 Shady Grove Road

Status
MLS #
3279429
Days on Market
187
Taxes
$35,181 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Land
Year Built
-
Lot Size
7.28 AC
Area
782C
MAAR Subdivision Name
RIVER OAKS
Legal Subdivision Name
BENNETTS RIDGEWAY FARMS
Location
City

Recent comparable sales

Median sold price

$770,000

Avg days on market

134

Sale-to-list ratio

95.8%

Memphis, TN

9 comparable properties found

1

$900,000

Sold 12/27/24

Unavailable
Bedrooms
Unavailable
Bathrooms
6,216
Square Feet
0.37
Acres
2

$840,000

Sold 10/31/24

Unavailable
Bedrooms
Unavailable
Bathrooms
5,389
Square Feet
0.37
Acres
3

$770,000

Sold 12/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
5,598
Square Feet
1.95
Acres
a view of a yard with trees
1/2
4

$1,175,000

Sold 04/16/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.04
Acres
$165,000 | 0 St Joseph Fairway Freeway, Memphis, TN 38120
1/2
5

$165,000

Sold 03/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
a view of a lake view
1/6
6

$1,400,000

Sold 01/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.74
Acres
$287,500 | 6190 Shady Grove Lane, Memphis, TN 38120
1/6
7

$287,500

Sold 03/03/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.52
Acres
$449,000 | 1322 Heron Oaks Cove, Memphis, TN 38120
1/2
8

$449,000

Sold 03/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.74
Acres
a view of city
1/7
9

$400,000

Sold 05/05/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.96
Acres

Location

Listing Courtesy of Hobson, REALTORS

Sold By Hobson, REALTORS

Add your commute

Building Information for 5841 Shady Grove Road

Lot Size7.28 AC

Payment Calculator

$8,015 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,083

Property Taxes

$2,932

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5841 Shady Grove Road

Summary
Location and General Information
  • Address: 5841 SHADY GROVE ROAD
  • Address Search Number: 5841
  • Cross Street: I-240
  • Directions: This is the first property East of the expressway on Shady Grove Road, just before Grove Hill and the 3 way stop.
  • Map Coordinate: C
  • MLS Map Num: River Oaks
  • Uses Of Adjacent Area: Residential
Virtual Tour
Property
Lot Information
  • Lot Size: 483.34 X 631.85 IRR
  • Acreage: 7.28
  • Improvements: Fenced, Improved Drainage
  • Lot Num: 1
  • Parcel ID: 080023 00001C
  • Present Usage: None/Vacant
  • Road Frontage: Paved, Municipal
  • Shape: Regular
  • Topographic Feature: Rolling, Wooded
  • Zoning: R-15
  • Zoning Of Adjacent Area: Single Family
Property and Assessments
  • Legal: No Known Subdivision
  • Service Type: Full Service Listing
Utilities
  • Utilities: Public Water, Electricity, Natural Gas, Telephone

Property History for 5841 Shady Grove Road

DateEvent & SourcePriceAppreciation
Jun 16, 2014

Sold

MAARMLS #3279429

$1,000,000
Feb 22, 2014

Contract Signed

MAARMLS #3279429

Aug 19, 2013

Listed (Active)

MAARMLS #3279429

$1,750,000
DateEvent & SourcePrice
06/16/2014

Sold

MAARMLS #3279429

$1,000,000
02/22/2014

Contract Signed

MAARMLS #3279429

08/19/2013

Listed (Active)

MAARMLS #3279429

$1,750,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 5841 Shady Grove Road

This home is within Shelby County Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Ridgeway/Balmoral Elementary School
PublicK to 5

Ridgeway Middle School
Public6 to 8

White Station High School
Public9 to 12

Carver College and Career Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5841 Shady Grove Road, Memphis, TN 38120
$1,000,000
5,642
317,116
$975,000
4
4.5
4,440
9,800
$785,000
5
4,715
9,800
$1,030,181
4
5
4,456
11,413
$760,000
5
4,335
9,800
$999,000
5
4,631
10,018

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hobson, REALTORS

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.