One of the best lots in the subdivision! This Stunning home is located in Farragut's highly sought-after Park Place neighborhood & zoned for top rated Farragut schools! This 4-bedroom, 3 full bath, 2 half bath residence welcomes you with exceptional curb appeal, a private lush side courtyard, and a charming covered front porch.
Inside, the home showcases extensive custom millwork, rich hardwood flooring throughout the main level, plantation shutters, and elegant finishes at every turn. The spacious living room features a gas fireplace, crown molding, and a striking crystal light fixture, creating a warm yet refined gathering space.
The completely updated designer kitchen is truly the heart of the home, offering custom Wildwood cabinetry, a massive 4'x8' granite island with an auxiliary veggie sink and ample seating, a tile backsplash, and soft-close drawers. High-end appliances include a gas range and built-in convection oven, while imported designer pendant lighting from Connecticut adds a distinctive upscale touch. The kitchen flows seamlessly into the dining room, highlighted by extension molding, making it ideal for entertaining.
The main-level primary suite is one of the largest in the subdivision and serves as a private retreat with crown molding and a crystal light fixture. The luxurious en-suite bath features tile flooring, an oversized walk-in tile shower, a double vanity, and a generous walk-in closet with high end custom built-in shelving. The main level also includes a well-appointed laundry room with sink and cabinet storage, a mudroom, and a convenient half bath, along with a spacious two-car garage with additional storage.
Upstairs, a second ensuite bedroom offers a beautifully updated bath with tile surround tub, glass door, tile flooring, and newer vanity top and fixtures, along with access to a private patio. Two additional bedrooms, including one with a walk-in closet, share a full bath, and a dedicated office provides flexible living space. The oversized bonus room with wood steps, wet bar, ceiling fan, and private half bath creates the perfect setting for entertaining or relaxing.
Outdoor living is just as impressive, featuring an extensive patio with pergola, an amazing garden area, and what is considered one of the best yards in the subdivision. Additional highlights include a tankless water heater, a $23,000 HVAC system, central vacuum, ADT security system, surround sound, sprinkler system, and ample attic storage.
This exceptional home blends thoughtful design, high-end upgrades, and inviting indoor-outdoor living, making it a unique opportunity in Park Place. Minutes to tons of shopping, restaurants, Turkey Creek, schools, etc! Schedule your showing today!
For sale
$1,049,900
551 Colonial Ridge Ln, Knoxville, TN 37934
4beds
3,510sqft
Single Family Residence
Built in 2008
435 Square Feet Lot
$-- Zestimate®
$299/sqft
$158/mo HOA
What's special
Gas fireplacePrivate lush side courtyardSprinkler systemExceptional curb appealCharming covered front porchAmazing garden areaExtensive patio with pergola
- 15 hours |
- 281 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Sherry Jones Paul,
Realty Executives Associates 865-983-0011
Source: East Tennessee Realtors,MLS#: 1345925
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Rooms
- Room types: Bonus Room
Heating
- Central, Forced Air, Heat Pump, Natural Gas, Zoned, Electric
Cooling
- Central Air, Ceiling Fan(s), Zoned
Appliances
- Included: Tankless Water Heater, Gas Range, Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
Features
- Walk-In Closet(s), Cathedral Ceiling(s), Kitchen Island, Pantry, Wet Bar, Eat-in Kitchen, Central Vacuum, Bonus Room
- Flooring: Carpet, Hardwood, Tile
- Windows: ENERGY STAR Qualified Windows
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Insert, Ventless, Gas Log
Interior area
- Total structure area: 3,510
- Total interior livable area: 3,510 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Side, Garage Door Opener, Attached, Main Level
- Attached garage spaces: 2
Features
- Exterior features: Prof Landscaped
- Has view: Yes
- View description: Mountain(s), Country Setting
Lot
- Size: 435 Square Feet
- Dimensions: 63.91 x 125.60 x IRR
- Features: Cul-De-Sac, Private, Zero Lot Line, Level
Details
- Additional structures: Gazebo
- Parcel number: 142MD013
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Frame
Condition
- Year built: 2008
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Sidewalks
- Security: Security System, Smoke Detector(s)
- Subdivision: Park Place At Farragut
HOA
- Has HOA: Yes
- Services included: Insurance, Maintenance Grounds
- HOA fee: $1,900 annually
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $299/sqft
- Tax assessed value: $598,700
- Annual tax amount: $2,326
- Date on market: 6/25/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $1,049,900-3.7%$299/sqft |
Source: | ||
| 5/29/2026 | Listing removed | $1,089,900$311/sqft |
Source: | ||
| 5/7/2026 | Price change | $1,089,900-0.9%$311/sqft |
Source: | ||
| 4/21/2026 | Listed for sale | $1,099,900+87.2%$313/sqft |
Source: | ||
| 11/16/2018 | Sold | $587,400+1.3%$167/sqft |
Source: | ||
| 9/13/2018 | Listed for sale | $579,900-6.3%$165/sqft |
Source: Alliance Sotheby's International Realty #1056022 Report a problem | ||
| 7/7/2008 | Sold | $619,000$176/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,326 | $149,675 |
| 2024 | $2,326 | $149,675 |
| 2023 | $2,326 | $149,675 |
| 2022 | $2,326 -13.9% | $149,675 +17.5% |
| 2021 | $2,700 | $127,350 -75% |
| 2020 | $2,700 | $509,400 |
| 2019 | $2,700 | $509,400 |
| 2018 | $2,700 | -- |
| 2017 | $2,700 -1.7% | $127,350 |
| 2016 | $2,747 | -- |
| 2015 | $2,747 | -- |
| 2014 | $2,747 +0% | -- |
| 2013 | $2,747 -47.5% | -- |
| 2012 | $5,232 | -- |
| 2011 | $5,232 -29.1% | $108,550 -29.1% |
| 2010 | $7,377 | $153,050 |
| 2009 | $7,377 +794.2% | $153,050 +920.3% |
| 2008 | $825 | $15,000 |
| 2005 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 37934
Nearby schools
GreatSchools rating
- 10/10Farragut Intermediate SchoolGrades: 3-5Distance: 1.1 mi
- 9/10Farragut Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Farragut High SchoolGrades: 9-12Distance: 0.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Knox County
- Farragut
- 37934
- 551 Colonial Ridge Ln







