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198 Lorman Ln, Madison, MS 39110

3beds

2,271sqft

Residential, Single Family Residence

Built in 1972

1.35 Acres Lot

$382,500 Zestimate^®

$--/sqft

$2,429 Estimated rent

Home value

$382,500

$356,000 - $413,000

$2,429/mo

Zestimate^® history

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Owner options

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$2,429/mo

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$2,429/mo

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$750/mo

Est. payment

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$750/mo

Est. payment

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What's special

Rare waterfront opportunity in the highly desired Lake Lorman community of Madison. This property sits directly on the water and includes a separately deeded, vacant waterfront lot, offering exceptional value, flexibility, and future potential. The home is not turn-key and will require renovations, making it ideal for buyers looking to customize, invest, or add equity in a premier lake setting. Major improvements are already in place, including a new roof and new HVAC system, providing a strong foundation for future updates. Whether you envision a full renovation, weekend lake retreat, or long-term investment, this property offers hard-to-find double waterfront ownership in one of Madison's most sought-after lake communities. Endless possibilities—bring your vision and make it your own.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Natural Gas

Cooling

Electric

Appliances

Included: Cooktop, Disposal
Laundry: In Kitchen

Features

Bar, Built-in Features, Ceiling Fan(s), Natural Woodwork, Pantry, Storage, Vaulted Ceiling(s)
Flooring: Carpet, Laminate
Doors: French Doors, Sliding Doors
Windows: Aluminum Frames
Has fireplace: Yes
Fireplace features: Gas Log, Great Room, Masonry, Wood Burning

Interior area

Total structure area: 2,271
Total interior livable area: 2,271 sqft

Property

Parking

Total spaces: 2
Parking features: Carport, Concrete
Carport spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Deck
Exterior features: Private Yard
Fencing: None
Has view: Yes
Waterfront features: Boat Launch, Lake Front

Lot

Size: 1.35 Acres
Features: Views, Wooded

Details

Parcel number: 071c06a0570000

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Residential, Single Family Residence

Materials

Brick
Foundation: Slab
Roof: Architectural Shingles,Asphalt

Condition

New construction: No
Year built: 1972

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Available, Fiber to the House

Community & neighborhood

Security

Security features: Smoke Detector(s)

Community

Community features: Boating, Clubhouse, Fishing

Location

Region: Madison
Subdivision: Lake Lorman

HOA & financial

HOA

Has HOA: Yes
HOA fee: $750 annually
Services included: Accounting/Legal, Insurance, Maintenance Grounds

Price history

Date	Event	Price
2/7/2026	Pending sale	$410,000$181/sqft
Source: MLS United #4135936 Report a problem
2/5/2026	Sold	--
Source: MLS United #4135936 Report a problem
1/13/2026	Listed for sale	$410,000$181/sqft
Source: MLS United #4135936 Report a problem