Step into a rare opportunity to own a beautifully restored piece of Water Valley history. Built in 1903, this remarkable home seamlessly blends historic character with modern luxury and is currently being used as a successful investment Airbnb property. Whether you're searching for a spacious primary residence, a weekend retreat, or an income-producing hospitality opportunity, the hard work has already been done—this property is move-in ready and offers tremendous flexibility for its next owner. Inside, you'll find original hardwood floors, stunning crown molding, high-end finishes, and a chef's kitchen designed for entertaining. Granite countertops, premium appliances, and a large walk-in pantry make the kitchen both functional and impressive. The main-level primary suite offers comfort and convenience, while oversized walk-in closets provide abundant storage throughout the home. Outside, relax and unwind in the hot tub or enjoy all that historic downtown Water Valley has to offer. Located less than 20 miles from Oxford and the University of Mississippi, this home provides easy access to shopping, dining, entertainment, and Ole Miss events while allowing you to enjoy the charm and growth of one of North Mississippi's most beloved communities. Whether you choose to continue utilizing the property as an Airbnb investment, make it your personal home, or create the perfect weekend getaway, this one-of-a-kind property combines history, craftsmanship, modern amenities, and income-producing potential in the heart of Water Valley. Don't miss your chance to make it yours!
Step into a beautifully restored piece of Water Valley history! Built in 1903, this remarkable home blends historic character with modern luxury and is currently operating as a successful Airbnb. Inside, enjoy original hardwood floors, crown molding, high-end finishes, and a chef's kitchen featuring granite countertops, premium appliances, and a large walk-in pantry. The main-level primary suite offers convenience, while oversized walk-in closets provide abundant storage. Outside, relax in the hot tub or explore historic downtown Water Valley. Located less than 20 miles from Oxford and the University of Mississippi, this property offers convenient access to shopping, dining, entertainment, and Ole Miss events. Whether used as an investment property, personal residence, or weekend retreat, this unique home offers historic charm, modern amenities, and flexible potential.
MLSU #4163641
Oct 16, 2026
Pending
—
Sep 25, 2026
Listed
$399,500
$119/sq ft
NCMBR #167666
Aug 4, 2026
Price Changed
$419,000
$125/sq ft
Jun 22, 2026
Price Changed
$439,000
$131/sq ft
Jun 4, 2026
Listed
$459,000
$137/sq ft
MLSU #4151625
Aug 20, 2026
Listing Removed
—
Aug 4, 2026
Price Changed
$419,000
$125/sq ft
Jun 22, 2026
Price Changed
$439,000
$131/sq ft
Jun 4, 2026
Price Changed
$459,000
$137/sq ft
Jun 4, 2026
Listed
$463,000
$138/sq ft
NCMBR #164684
May 4, 2026
Price Changed
$459,000
$137/sq ft
Apr 10, 2026
Price Changed
$479,000
$143/sq ft
Mar 13, 2026
Price Changed
$499,000
$149/sq ft
Feb 27, 2026
Listed
$529,500
$158/sq ft
NCMBR #162207
Dec 4, 2025
Listed
$549,000
$164/sq ft
MLSU #4087390
Feb 3, 2025
Sold
*
Jan 8, 2025
Pending
—
Sep 5, 2024
Price Changed
$575,000
$171/sq ft
Aug 25, 2024
Price Changed
$599,000
$178/sq ft
Aug 2, 2024
Listed
$630,000
$188/sq ft
NCMBR #149712
Apr 1, 2022
Sold
—
Feb 3, 2022
Listed
$45,000
$13/sq ft
Public Records
May 8, 1974
Sold
—
Year
Property tax
Land + Additions
Assessment*
2025
$5,524 (+547.2%)
$1,050 + $41,633
$42,683
2024
$854 (+1.3%)
$1,050 + $41,633
$42,683
2023
$843 (−4.7%)
$1,050 + $5,435
$6,485
2022
$884 (−12.1%)
$1,050 + $5,435
$6,485
2021
$1,005
$1,050 + $5,597
$6,647
Public record
Beds
4
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.48 Acres
Year renovated
—
Finished Sq. Ft.
2,044
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,044
Year built
1903
Style
Single Family Residential
County
Yalobusha County
APN
0503C05 0012000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 21 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Water Valley, MS • 38965
Average low and high temperatures (°F)
50
30
61
39
73
49
79
57
80
62
88
70
92
74
90
68
88
64
79
53
68
47
57
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 301 Market St
There isn’t enough information to generate an accurate estimate at this time. Learn More
More resources
Rental earnings
Est. $1,352 per month, based on comparable rentals
This home is pending
The seller has accepted an offer, and this property is now pending.