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For sale by owner
  • Price cut: $100K (1/5)
    $2,295,000

    489 Hickory Grove Rd, Madisonville, TN 37354

    9beds
    8,000sqft
    : 
    SingleFamily
    Built in 2015
    270 Acres Lot
    $-- Zestimate®
    $287/sqft
    $-- HOA

    What's special

    Radiant floor heatingBarn and apartmentNewly remodeled kitchenSpacious three-story additionMaster suiteHardwood floorsTongue and groove walls
    Discover Tellico Equestrian Retreat: A Secluded Retreat with Endless Possibilities! Nestled midway between Tellico Plains and Madisonville, this extraordinary 270-acre partially furnished estate offers the ultimate in privacy and natural beauty. Acquired in 2006 and meticulously developed, this property was envisioned as a premier equestrian retreat and now presents a unique opportunity for a private sanctuary or a lucrative bed & breakfast. While wonderfully secluded, you're just 12 minutes from everyday conveniences like Ingles and Walmart, and only 40 miles from the airport. The Main Residence Experience the charm of a beautifully remodeled and expanded home, now over 6,000 sq/ft (including garage, laundry, and pantry). This 5.5-bath residence seamlessly blends rustic elegance with modern comforts, featuring tongue and groove walls and hardwood floors throughout. The original 3-bedroom, 2-bath house is complemented by a spacious three-story addition (2014/2015) designed with a B&B setup in mind. This includes a large master suite with a dinette eating area, a convenient half-bath, and an upstairs lounge/bedroom with a full bath, balcony, and more hardwood floors. The oversized triple garage boasts comfortable radiant floor heating. Enjoy peace of mind with a Generac generator, a recently rebuilt well (new tank and pump in the last year), and a newly remodeled kitchen. A wood stove behind the house efficiently heats water for the radiant floor system. Additional Structures & Amenities Game Room/Guest Building: Located across the concrete driveway, this 600 sq/ft building features tongue and groove walls, hardwood floors, and a full bath – perfect for guests or entertaining. The concrete driveway is also ideal for motorcycle tourists. Barn & Apartment: Built in 2008/2009, the barn offers four paddocks, a meeting area, a half-bath, and an attached garage. Above the barn is a comfortable 2-bedroom, 1-bath apartment. Equipment Garage & Caretaker's Apartment: Constructed approximately six years ago, this building features high UV-rated automatic doors and houses a 1-bedroom, 1-bath apartment with tongue and groove walls and hardwood floors, originally intended for a caretaker. Equestrian & Farm Facilities: Beyond the barn, you'll find four hen houses with elaborate roosts and aviary enclosures, complete with numerous laying hens (negotiable for sale with or without chickens!). Two adjoining carports provide ample equipment storage, and an enclosed metal hay storage building is situated in a small pasture. Optional Equipment: A range of valuable equipment, including a skid steer (for hay, wood splitting, or trail maintenance), a modern 4WD Kubota tractor with implements, an older Kubota RTV 900, and two Daihatsu mini trucks for property access, may be included in the sale. A Nature Lover's Dream Tellico Equestrian Retreat boasts extensive private nature trails and inviting pavilions, including the "Boy Hideaway" built in 2009. This property is in a Secluded wooded setting, offering unparalleled tranquility and outdoor enjoyment.
    What the owner loves about this home
    Tellico Equestrian Retreat: Your Private Paradise! Discover this partially furnished 270-acre estate in Tellico Plains. It's ideal as a private sanctuary or B&B. Enjoy seclusion just 12 minutes from amenities and 40 miles from the airport. The over 6,000 sq/ft main house (5.5 baths) blends rustic charm with modern comfort, including a three-story B&B-ready addition. Features like radiant floor heating in the garage, a Generac generator, rebuilt well, and remodeled kitchen offer peace of mind. Additional structures include a 600 sq/ft game room/guest building, a barn with a 2-bed/1-bath apartment, and an equipment garage with a 1-bed/1-bath caretaker's apartment. The property also boasts hen houses, carports, and hay storage. Optional equipment (skid steer, Kubota tractors) may be included. Explore extensive private nature trails and pavilions, like the "Boy Hideaway," creating a true secluded wooded setting. The entire 270-acre estate may be available. Why We Love It & The Lifestyle We're captivated by the vast opportunity and privacy this estate offers. Its thoughtful development—from the B&B-ready main house to comprehensive equestrian facilities—is exceptional. This property provides a secluded, rural lifestyle with easy access to charming towns, offering nature, peace, and quiet, ideal for self-reliance and adventure.
    288 days
    |
    1,094
    |
    49
    |
    Listed by:

    Property Owner (786) 536-5311

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 10
      • Full bathrooms: 8
      • 1/2 bathrooms: 2
      Heating
      • Other
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
      Features
      • Flooring: Tile, Concrete, Hardwood
      • Basement: None
      Interior area
      • Total interior livable area: 8,000 sqft

      Property

      Parking
      • Parking features: Garage - Attached
      Features
      • Exterior features: Other
      • Has view: Yes
      • View description: Park
      Lot
      • Size: 270 Acres
      Details
      • Parcel number: 11402504000

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Foundation: Footing
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2015

      Community & HOA

      Location
      • Region: Madisonville

      Financial & listing details

      • Price per square foot: $287/sqft
      • Tax assessed value: $753,300
      • Annual tax amount: $2,589
      • Date on market: 6/3/2025
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,002/mo

        Price history

        Price history
        DateEventPrice
        1/5/2026Price change$2,295,000-4.2%$287/sqft
        Source: Owner Report a problem
        10/13/2025Listed for sale$2,395,000-2.2%$299/sqft
        Source: Owner Report a problem
        10/3/2025Listing removed$2,450,000$306/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        9/17/2025Price change$2,450,000+53.6%$306/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        8/11/2025Price change$1,595,000-3.3%$199/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        7/2/2025Listed for sale$1,650,000+683.8%$206/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        8/2/2006Sold$210,500$26/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$2,589 $170,000
        2024$2,589 $170,000
        2023$2,589 +11.9%$170,000 +64.5%
        2022$2,314 $103,325
        2021$2,314 $103,325
        2020$2,314 +13.1%$103,325
        2019$2,045 +19%$103,325 +19%
        2018$1,719 0%$86,825 +12.9%
        2017$1,719 -4.4%$76,900 -10.5%
        2016$1,798 +125%$85,875 +125%
        2015$799 +0%$38,175 +0%
        2014$799 $38,174
        2013$799 $38,174
        2012-- $38,174 +2.7%
        2011$725 +23.4%$37,172
        2010$587 $37,172
        2009$587 +31.6%$37,172 +31.6%
        2008$446 $28,253
        2007-- $28,253 -35.3%
        2006$843 +14.9%$43,659
        2005$733 +19%$43,659 +35.3%
        2004$616 $32,274
        2002$616 $32,274
        2001-- $32,274 -61.8%
        2000-- $84,435

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $12,275/mo
        Principal & interest
        $11433
        Property taxes
        $842
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          Climate risks

          Neighborhood: 37354

          Getting around

          0 / 100
          Car-Dependent
          2 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 37354