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Updated 1 hour ago

New Construction 4 Bedroom Home In Downtown Memphis


718 Meditation Ln Memphis, TN

4 Bed
•
3 Bath

3,000 Sq. Ft.

Available starting Jul. 10th
Floor plans
4 Beds • 3 Bath
$3,995
3000 ft2
1 Available
Managed By: ResiAmerica, Inc.
-
$3,995
Available Jul 10th, 2025
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New Construction 4 Bedroom Home In Downtown Memphis
New Construction 4 Bedroom Home In Downtown Memphis
New Construction 4 Bedroom Home In Downtown Memphis
Location ratings
Walk Score®
63
Somewhat Walkable
Transit Score®
39
Some Transit
Bike Score®
66
Bikeable
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Property details
Description

NEW CONSTRUCTION detached single family home in an amazing downtown location - a blend of contemporary sophistication and timeless luxury set in the heart of the South End in a brand new boutique gated neighborhood of only 12 homes - Carolina Terrace. This brand-new 4 bed (3 large beds + office), 3.5 bath home showcases meticulous attention to detail, from the hardwood flooring to its sleek high-end appliances. Experience urban serenity in this prime downtown location, where every finish reflects superior quality and modern design.

Additional Details
Total Unit Count: 1
Last Updated: Updated 1 hour ago
Contact Number: (800) 626-7079
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for New Construction 4 Bedroom Home In Downtown Memphis by bedroom type below.
4 Bedroom
Suggested income:
$143,800
per year
Rent report

New Construction 4 Bedroom Home In Downtown Memphis Rent vs. Memphis Average

 New Construction 4 Bedroom Home In Downtown Memphis      Memphis Average
4BR
$3,995
$1,688
$0
$1,300
$2,600
$3,900
$5,200

New Construction 4 Bedroom Home In Downtown Memphis is asking 137% more than the average 4 bedroom apartment in Memphis.

If you downsized to an average priced Memphis 3 bedroom apartment, you would pay 20% less per month.

New Construction 4 Bedroom Home In Downtown Memphis provides 78% more square footage than the average Memphis 4 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
New Construction 4 Bedroom Home In Downtown Memphis
4BR $3,995 $1.30 $11,985
Memphis Average
Studio $1,071 $2.20 $3,212
1BR $1,054 $1.50 $3,161
2BR $1,226 $1.20 $3,677
3BR $1,409 $1.10 $4,228
4BR $1,688 $1.00 $5,064

Availability in Memphis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,077 2BR units on the market in Memphis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 27% 45% 19% 4%
Available Units in Memphis
Studio 106
1BR 648
2BR 1,077
3BR 447
4BR 97
Location
Nearby Colleges

Southwest Tennessee Community College

University of Memphis

Nearby Hospitals
Name Distance
Regional One Health Extended Care Hospital 1.96 mi.
Regional One Health 2.01 mi.
Le Bonheur Children's Hospital 2.13 mi.
Nearby Fire Stations
Name Distance
Memphis Division Of Fire Services 1.21 mi.
Shelby Volunteer Fire Department 2.73 mi.
Rural/ Metro Fire Department Fed Ex Operation 5.21 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on July 10, 2025.
What's the square footage of the available units?
It's 3,000 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 4 bedroom units available.
How many bathrooms are in the available units?
There are 3 bathroom units available.
What's the monthly rent at this property?
New Construction 4 Bedroom Home In Downtown Memphis has a 4 bedroom unit starting at $3,995.
Where is this property located?
This property is at 718 Meditation Ln in Memphis, TN. It's 5.1 miles west from the center of Memphis.
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