Luxury Homes for Sale in Memphis Tennessee Under $950k
Discover luxury homes for sale in Memphis, Tennessee under $950,000. This curated collection features premium properties across prestigious neighborhoods including East Memphis, TPC Southwind, and Harbor Town. Each home offers upscale finishes, spacious layouts, and exceptional amenities such as resort-style pools, gourmet kitchens, and modern updates. Whether you're seeking a contemporary showpiece or a charming historic property, these listings represent the finest homes in Memphis's most sought-after communities.
Featured Properties
Tell us where you are in your search
Interested in this, or something like it?
Not quite. Help me find the right one
Talk it through, or type it out. e.g. "4 bedrooms, walking distance to good schools, somewhere quiet near Memphis, under $2.4M."
Got it!
We're matching homes to what you described and will reach out shortly.
By continuing you agree to receive messages from Skoop. Privacy Policy and Terms.
Good to know
Frequently asked questions
The questions buyers ask us most about this collection.
What makes East Memphis neighborhoods desirable for luxury home buyers?
East Memphis is known for its established, tree-lined communities with proximity to top-rated schools, excellent shopping and dining, and well-maintained neighborhoods. Properties in areas like TPC Southwind and Oak Estates offer gated security, golf courses, and a strong sense of community while maintaining convenient access to the University of Memphis and Midtown amenities.
Why do luxury home buyers choose properties in Memphis's gated communities?
Gated communities in Memphis like TPC Southwind, Oak Estates, and Garden Oak provide 24-hour security, exclusive amenities, lower property taxes in some cases, and a tight-knit neighborhood feel. These developments attract discerning buyers seeking privacy, established landscaping, and quality neighbors in prestigious settings.
What luxury features are common in Memphis homes under $950000?
Homes in this price range frequently feature resort-style gunite pools and hot tubs, gourmet kitchens with high-end appliances, primary suites with spa-like bathrooms, hardwood floors, multiple fireplaces, and bonus rooms. Many include media rooms, sunrooms with custom bars, and premium outdoor entertainment spaces.
Is the Memphis luxury market a good investment opportunity?
Yes, the Memphis luxury market offers strong investment potential with homes priced significantly below national averages for comparable properties. The strong local economy, low cost of living, and growing demand from relocating professionals make Memphis an attractive market for both primary residence and investment property buyers.
What neighborhoods in Memphis have the most prestigious luxury homes?
The most prestigious neighborhoods include East Memphis areas like TPC Southwind, Oak Estates, and Garden Oak, as well as central locations like Harbor Town downtown and Central Gardens in Midtown. Each offers unique character, from golf course communities to historic riverfront properties with views of the Mississippi River.
What recent updates should luxury home buyers expect in Memphis properties?
Many homes feature recent major upgrades including new roofs, updated HVAC systems with high-efficiency units, new windows with lifetime warranties, renovated kitchens with quartz countertops, refinished hardwood floors, and modernized bathrooms. Properties often include new landscaping, fresh exterior paint, and updated smart home features for contemporary living.