Is Steve Jobs Moving to Memphis?

I spoke with a well-connected business person in Memphis this morning who says that there is a house in a swank neighborhood there that has been bought for a princely sum and is undergoing minor renovations in preparation for its new resident.

He says he has reason to believe Apple CEO Steve Jobs is moving to the city to treat his pancreatic cancer.

Normally, I’d just throw this out as wild speculation. Except St. Jude Children’s Research Hospital in Memphis happens to be one of the best endocrinology centers in the world and one of the top oncology spots for kids. If there’s one place in the U.S. with researchers equipped to tackle Jobs’ health problems, St. Jude may be it.

Just to be clear, this is a single source tip. We’ve decided not to chase it further as it’s not about VCs, but I thought you might enjoy speculating about it.