8 Beds
8 Baths
7,692 SqFt
8 Beds
8 Baths
7,692 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 7,692 sqft
Price per Sqft $182
Subdivision Hiwassee Ridge Estates
MLS Listing ID 1351253
Style Other,Log,Traditional
Bedrooms 8
Full Baths 6
Half Baths 2
Year Built 2008
Lot Size 16.480 Acres
Acres 16.48
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
Some properties are simply part of the search. This one is the destination.
Set high above the East Tennessee countryside with sweeping views toward the Great Smoky Mountains, Hiwassee Ridge Estate offers a rare combination of luxury living, privacy, flexibility and investment potential. Behind a gated drive, this impressive estate features 9 bedrooms, 6 full baths, 2 half baths and 16+ unrestricted acres, all just minutes from the charm of downtown Sweetwater and convenient to Knoxville, McGhee Tyson Airport, shopping, lakes and the mountains.
Designed with two substantial living areas under one roofline, this property creates possibilities rarely found in a residential estate. Make the entire property your private family residence or multi-generational home--or live in one side while potentially generating income from the other. Separate living spaces also create an intriguing opportunity for extended family, guests, corporate housing or short-term rental use while maintaining your own private residence.
For the investment-minded buyer, the possibilities extend far beyond a traditional rental. With 8 bedrooms, large-group capacity, unrestricted acreage, gated privacy and a destination setting, the property could potentially be positioned as a luxury vacation rental, Airbnb/VRBO, wedding or event venue, corporate retreat, family reunion destination, church or organizational retreat, executive getaway, or a combination of residential and income-producing uses.
The opportunity may be in combining the two: live here and rent part of the estate, operate it as a luxury destination rental, host a limited number of premium events while maintaining vacation-rental availability, or develop a hybrid destination business utilizing the acreage and accommodations.
The residence is complemented by a protected exterior log finish designed for reduced maintenance, a 40-year metal roof, detached garage, greenbelt acreage and spectacular elevated views--features that make the property equally compelling as a private retreat or investment opportunity.
PRIMARY RESIDENCE • MULTI-GENERATIONAL ESTATE • LIVE + RENT • LUXURY STR • WEDDING & EVENT VENUE • CORPORATE RETREAT • FAMILY REUNION DESTINATION • DUAL RENTAL • HYBRID INVESTMENT
Luxury when you want it. Income potential when you choose it. Freedom to decide how the property works for you.
Not just another property--it's a place people will remember long after they've left.
Luxury. Freedom. Privacy. Opportunity. All in one extraordinary destination.
*Regional 5+ bedroom vacation-rental comparables demonstrate estimated annual gross revenues ranging from approximately $58,000 to $120,000+, with select premium properties achieving estimated average daily rates approaching $600-$900. Regional estate-style wedding venues demonstrate another potential revenue channel, with comparable venue pricing ranging from approximately $5,000 to $18,000+ per event, depending on property, services, lodging and package structure.
Investment figures are based on third-party regional market data and comparable properties and are provided for informational purposes only. The property has no established STR or event-venue operating history. No future income, occupancy or permitted use is represented or guaranteed. Buyer to independently verify intended uses, governmental requirements, insurance, septic/occupancy requirements, expenses and revenue potential.
Location
State TN
County Monroe County - 33
Area 16.48
Rooms
Family Room Yes
Other Rooms LaundryUtility, DenStudy, Bedroom Main Level, Extra Storage, Great Room, Family Room
Basement Walkout, Finished
Interior
Interior Features Walk-In Closet(s), Pantry
Heating Central, Natural Gas, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Vinyl, Tile
Fireplaces Number 6
Fireplaces Type Electric, Stone
Fireplace Yes
Appliance Dishwasher, Range, Refrigerator
Heat Source Central, Natural Gas, Electric
Laundry true
Exterior
Exterior Feature Deck, Porch - Covered
Parking Features Off-Street Parking, Detached, Main Level
Garage Spaces 2.0
Garage Description Detached, Main Level, Off-Street Parking
View Mountain View, Wooded, City
Total Parking Spaces 2
Garage Yes
Building
Lot Description Wooded, Rolling Slope
Faces From Turkey Creek Knoxville TN I-40W to I-75S toward Chattanooga, 22 miles exit 62 to Sweetwater Left onto TN-322 E 8 miles Right onto 305/Hiwassee Rd turn left .2 miles to 1750
Sewer Septic Tank
Water Shared Well
Architectural Style Other, Log, Traditional
Structure Type Log
Others
Restrictions No
Tax ID 035 03501 000
Security Features Smoke Detector
Energy Description Electric, Gas(Natural)
Nearby Locations
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Broker Associate License ID: 354450