Versatile Property with Income-Producing Guest House on 3 Scenic Acres – Coldwater, MS (Near I-55)
Set on 3 beautiful acres just minutes from I-55, this property offers abundant privacy, and all the modern updates you need for a comfortable, rural lifestyle. Whether you're looking for a peaceful retreat, multi-generational living, or an investment opportunity, this unique property has something for everyone.
Home – Approx. 2,200 sq. ft. | 3 Bed, 2 Bath (Built in 1971)
This fully remodeled home features:
• Brand new windows, HVAC, plumbing, and kitchen appliances
• Updated countertops and fresh flooring in the kitchen and dining room
• Bright, airy sunroom with new windows—perfect for year-round enjoyment
• Spacious entertainment deck with a privacy wall, ideal for outdoor living
• Surrounded by mature trees and meticulously landscaped grounds that make it feel like your own private park
• A large shop with electricity for projects, storage, or hobbies
• Recently installed new electrical panel, ensuring a safe and reliable power supply
• Private well for water, offering independence from city utilities
Guest House – 450 sq. ft. | 1 Bed, 1 Bath (Built in 2022)
This charming, recently built second home includes:
• Full kitchen, bathroom, and bedroom
• Cozy outdoor patio
• Ideal for guests, rental income, or a quiet retreat from the main home
This property truly has it all: expansive outdoor space, and the perfect blend of modern convenience and rural charm. Located just minutes from I-55, it offers quick access to everything you need while giving you the peace and privacy of country living.
Pending
Price cut: $25K (10/23)
$399,900
112 Palestine Rd, Coldwater, MS 38618
3beds
2,450sqft
Est.:
SingleFamily
Built in 1971
3 Acres Lot
$-- Zestimate®
$163/sqft
$-- HOA
What's special
Surrounded by mature treesExpansive outdoor spaceCozy outdoor patioSpacious entertainment deckAbundant privacyBrand new windowsUpdated countertops
- 92 days |
- 133 |
- 1 |
Listed by:
Property Owner (901) 359-9313
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air, Electric
Cooling
- Central
Appliances
- Included: Dishwasher, Garbage disposal, Microwave, Range / Oven
Features
- Flooring: Tile, Laminate
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,450 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Garage - Detached
Features
- Exterior features: Wood, Brick, Metal
- Has view: Yes
- View description: None
Lot
- Size: 3 Acres
Details
- Parcel number: 038270004000
Construction
Type & style
- Home type: SingleFamily
Materials
- Foundation: Concrete
- Roof: Metal
Condition
- New construction: No
- Year built: 1971
Community & HOA
Location
- Region: Coldwater
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $116,925
- Annual tax amount: $1,276
- Date on market: 10/10/2025
Estimated market value
Not available
Estimated sales range
Not available
$1,845/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Pending sale | $399,900$163/sqft |
Source: Owner Report a problem | ||
| 10/23/2025 | Price change | $399,900-5.9%$163/sqft |
Source: Owner Report a problem | ||
| 10/20/2025 | Price change | $424,900-3.4%$173/sqft |
Source: Owner Report a problem | ||
| 10/10/2025 | Listed for sale | $439,900+166.6%$180/sqft |
Source: Owner Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,276 +2% | $11,693 |
| 2023 | $1,251 +0.7% | $11,693 |
| 2022 | $1,243 -4.4% | $11,693 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,315/mo
Principal & interest
$1918
Property taxes
$257
Home insurance
$140
Climate risks
Neighborhood: 38618
Nearby schools
GreatSchools rating
- NAColdwater Elementary SchoolGrades: K-8Distance: 2.3 mi
- NAColdwater High SchoolGrades: 9-12Distance: 2.2 mi
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