Prime Development Opportunity in the Heart of Madisonville
Offered at $4,999,900, this exceptional 16.06± acre tract presents a rare opportunity to acquire a sizable parcel with significant development potential in a highly desirable and growing Madisonville location.
Positioned along Hiwassee Road with approximately 100± feet of road frontage, this property is ideally situated for future residential, mixed-use, or other development possibilities (buyer to verify zoning and intended use). Surrounded by largely unimproved land, the tract offers flexibility, scale, and long-term upside in an area experiencing continued growth and demand.
The value of this offering lies predominantly in the land itself, with its strategic location just minutes from Downtown Madisonville, shopping, schools, and essential amenities. The property also includes any potential mineral rights, further enhancing its investment appeal.
An existing dwelling is included with the sale but is conveyed AS-IS, with no warranties or guarantees, and will not be shown or inspected. The seller believes the highest and best use of the property is redevelopment.
This is a rare opportunity to secure a substantial land holding with strong future potential in a prime Monroe County location.
Coming soon / hold
$4,999,900
632 Hiwassee Rd, Madisonville, TN 37354
--beds
--baths
16.06Acres
Farm
Built in ----
16.06 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 182 days
- 52
- 0
Zillow last checked:
Listing updated:
Listed by:
Luke Thompson,
RE/Max First 865-405-9105
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3164707
Facts & features
Property
Lot
- Size: 16.06 Acres
- Dimensions: 415126
- Features: Rolling Slope, Other, Cleared
- Topography: Rolling Slope,Other,Cleared
Details
- Parcel number: 056D A 00801 000
- Special conditions: Standard
Community & HOA
Location
- Region: Madisonville
Financial & listing details
- Tax assessed value: $398,600
- Annual tax amount: $1,261
- Date on market: 3/30/2026
- Road surface type: Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Listing removed | $4,999,900 |
Source: | ||
| 3/29/2026 | Price change | $4,999,900+233.3% |
Source: | ||
| 2/9/2026 | Price change | $1,499,900-70% |
Source: | ||
| 12/26/2025 | Listed for sale | $4,999,000+10836.3% |
Source: | ||
| 8/13/2014 | Sold | $45,710-77.1% |
Source: Public Record Report a problem | ||
| 1/20/2012 | Sold | $199,500 |
Source: | ||
| 9/13/2011 | Price change | $199,500-11.1% |
Source: ERA Norman Lee Real Estate #752474 Report a problem | ||
| 8/27/2011 | Price change | $224,500-4.3% |
Source: ERA Norman Lee Real Estate #752474 Report a problem | ||
| 8/20/2011 | Price change | $234,500-4.3% |
Source: ERA Norman Lee Real Estate #752474 Report a problem | ||
| 7/8/2011 | Price change | $245,000-12.3% |
Source: ERA Norman Lee Real Estate #752474 Report a problem | ||
| 6/25/2011 | Price change | $279,500-3.5% |
Source: ERA Norman Lee Real Estate #752474 Report a problem | ||
| 5/29/2011 | Price change | $289,500-2.7% |
Source: ERA Norman Lee Real Estate #752474 Report a problem | ||
| 3/27/2011 | Listed for sale | $297,500+75% |
Source: ERA Norman Lee Real Estate #752474 Report a problem | ||
| 8/17/2004 | Sold | $170,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,261 | $82,825 |
| 2024 | $1,261 | $82,825 |
| 2023 | $1,261 +0.3% | $82,825 +47.5% |
| 2022 | $1,258 | $56,150 |
| 2021 | $1,258 | $56,150 |
| 2020 | $1,258 +13.1% | $56,150 |
| 2019 | $1,112 +16.7% | $56,150 +16.7% |
| 2018 | $953 0% | $48,125 +14.4% |
| 2017 | $953 +8.2% | $42,075 |
| 2016 | $881 | $42,075 |
| 2015 | $881 -28.3% | $42,075 -28.3% |
| 2014 | $1,229 | $58,676 |
| 2013 | $1,229 | $58,676 |
| 2012 | -- | $58,676 -6.7% |
| 2011 | $1,226 +23.4% | $62,887 |
| 2010 | $994 | $62,887 |
| 2009 | $994 0% | $62,887 |
| 2008 | $994 | $62,887 |
| 2007 | -- | $62,887 +26.5% |
| 2006 | $959 +14.9% | $49,697 |
| 2005 | $835 | $49,697 |
Find assessor info on the county website
Monthly payment
Est. payment






