Active

Price cut: $10K (1/21)

$389,900

505 Possum Trot Rd, Melbourne, AR 72556

0beds

3,200sqft

Est.:

Single Family Residence

Built in 2022

10 Acres Lot

$376,200 Zestimate^®

$122/sqft

$-- HOA

What's special

Exceptional 10-acre property located just off Old Fort Road in Melbourne, featuring a 40x80 fully finished shop with 12-foot walls. The shop is thoughtfully designed with an entertainment area that includes a full kitchen, full bathroom, and a spacious game room/living area, ideal for gatherings or future conversion to living space. Four bay doors provide ample storage and easy access for vehicles or equipment. The acreage is all open and usable, complete with a pond, and offers plenty of room to build a home or expand.

90 days

431

8

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Great Room, Workshop/Craft

Dining room

Features: Breakfast Bar, Kitchen/Dining Combo

Heating

Ductless

Appliances

Included: Free-Standing Range, Microwave, Gas Range, Dishwasher, Refrigerator, Electric Water Heater

Features

Ceiling Fan(s), Breakfast Bar, Granite Counters, Vaulted Ceiling(s), Wood Ceiling
Flooring: Tile, Concrete
Doors: Insulated Doors
Windows: Insulated Windows
Basement: None
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,200
Total interior livable area: 3,200 sqft

Property

Parking

Total spaces: 4
Parking features: Garage, Garage Door Opener, Four Car or More
Has garage: Yes

Features

Levels: One
Stories: 1
Patio & porch: Porch
Exterior features: Rain Gutters, Shop
Waterfront features: Pond

Lot

Size: 10 Acres
Features: Level

Details

Parcel number: 00102549005

Construction

Type & style

Home type: SingleFamily
Architectural style: Barndominium
Property subtype: Single Family Residence

Materials

Metal/Vinyl Siding, Spray Foam Insulation
Foundation: Slab
Roof: Metal

Condition

New construction: No
Year built: 2022

Utilities & green energy

Electric: Elec-Municipal (+Entergy)
Gas: Gas-Propane/Butane
Sewer: Septic Tank
Water: Public
Utilities for property: Gas-Propane/Butane

Green energy

Energy efficient items: Doors

Community & HOA

Community

Subdivision: Metes & Bounds

HOA

Has HOA: No

Location

Region: Melbourne

Financial & listing details

Price per square foot: $122/sqft
Tax assessed value: $49,300
Annual tax amount: $453
Date on market: 12/18/2025
Listing terms: Conventional,Cash
Road surface type: Paved

Estimated market value

$376,200

$357,000 - $395,000

$1,545/mo

Price history

Date	Event	Price
1/21/2026	Price change	$389,900-2.5%$122/sqft
Source: CARMLS #25049404 Report a problem
12/18/2025	Price change	$399,900-60%$125/sqft
Source: CARMLS #25049404 Report a problem
8/15/2024	Listed for sale	$999,900+263.6%$312/sqft
Source: RE/MAX of Arkansas #24028708 Report a problem
6/20/2017	Sold	$275,000$86/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$454 -81.6%	$9,860 -84.3%
2023	$2,468 +18.7%	$62,970 +17.9%
2022	$2,078 +3.5%	$53,400 +2.9%
2021	$2,008 +5.9%	$51,870 +5%
2020	$1,895 -4.6%	$49,420 +14.2%
2019	$1,987	$43,280
2018	$1,987	$43,280
2017	$1,987	$43,280
2016	--	$43,280