Lane Kiffin's Oxford home gets price cut to $2.6 million

Lane Kiffin’s Oxford house is now listed at $2.6 million, down from an original ask of $2.7 million, after sitting on the market since Dec. 13. The price cut puts a high-profile property near the Country Club of Oxford into sharper focus: in a town where Ole Miss drives demand and Lafayette County buyers still wrestle with affordability, even a celebrity-linked luxury home can need a reset before it moves.

The 7,104-square-foot house has five bedrooms, including two primary suites, six bathrooms and a pool. County property records show Kiffin also added a pool and driveway apron in 2024. The home was sold to Kiffin in 2021 by Keith Kessinger, the former Ole Miss baseball star and one-time major leaguer who later became the listing agent. Kiffin financed the purchase with a 30-year, $1.155 million home loan from Morgan Stanley Private Bank.

The asking price matters beyond the headlines because of the compensation structure in Kiffin’s LSU deal. LSU’s seven-year contract pays him $13 million in annual base compensation, and the reported term sheet says the university would reimburse him for up to $500,000 in losses on the sale of his Oxford residence if it sold for less than what he paid. The same reporting said the term sheet pegged his purchase price at $2.89 million, even though county records and the previous owner pointed to a real sale price of $1.65 million.

That gap helps explain why the listing has drawn so much attention in Oxford. If the home sells at or near the current $2.6 million price, the sale would sit far above the amount tied to the actual 2021 purchase and would ease the financial scrutiny around the move from Ole Miss to LSU. If it lingers, it would suggest that even the upper end of Oxford’s market is not immune to slower buyer response, despite the area’s long run of housing growth and development.

The listing does not appear to trade on Kiffin’s name, a choice that fits his strained standing in Mississippi after leaving Ole Miss during the Rebels’ College Football Playoff push. LSU’s package also includes an automatic escalator that would make Kiffin the highest-paid college football coach if the Tigers win a national championship under him, plus an up-front bonus tied to Ole Miss’ postseason success. If Ole Miss wins the national championship, LSU would pay Kiffin $1 million within 30 days.