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Lot/land
  • Price cut: $3.5M (2/9)
    $1,499,900

    632 Hiwassee Rd, Madisonville, TN 37354

    --beds
    0baths
    16.06Acres
    Land
    Built in ----
    16.06 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    88 days
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    64
    |
    0
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    Zillow last checked: 7 hours ago

    Listing updated: February 09, 2026 at 02:45pm

    Listed by:

    Luke Thompson 865-981-1004,

    ReMax First 865-981-1004

    Source: East Tennessee Realtors,MLS#: 1324917MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Lot
      • Size: 16.06 Acres
      • Dimensions: 415126
      • Features: Rolling Slope, Irregular Lot
      • Topography: Cleared
      Details
      • Parcel number: 056D A 008.01
      • Zoning description: Zoned Residential

      Community & HOA

      Location
      • Region: Madisonville

      Financial & listing details

      • Tax assessed value: $398,600
      • Annual tax amount: $1,261
      • Date on market: 12/26/2025
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        2/9/2026Price change$1,499,900-70%
        Source: East Tennessee Realtors #1324917 Report a problem
        12/26/2025Listed for sale$4,999,000+10836.3%
        Source: East Tennessee Realtors #1324917 Report a problem
        8/13/2014Sold$45,710-77.1%
        Source: Public Record Report a problem
        1/20/2012Sold$199,500
        Source: East Tennessee Realtors #752474 Report a problem
        9/13/2011Price change$199,500-11.1%
        Source: ERA Norman Lee Real Estate #752474 Report a problem
        8/27/2011Price change$224,500-4.3%
        Source: ERA Norman Lee Real Estate #752474 Report a problem
        8/20/2011Price change$234,500-4.3%
        Source: ERA Norman Lee Real Estate #752474 Report a problem
        7/8/2011Price change$245,000-12.3%
        Source: ERA Norman Lee Real Estate #752474 Report a problem
        6/25/2011Price change$279,500-3.5%
        Source: ERA Norman Lee Real Estate #752474 Report a problem
        5/29/2011Price change$289,500-2.7%
        Source: ERA Norman Lee Real Estate #752474 Report a problem
        3/27/2011Listed for sale$297,500+75%
        Source: ERA Norman Lee Real Estate #752474 Report a problem
        8/17/2004Sold$170,000
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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

        BuyAbility℠ payment

        Estimated monthly payment
        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.
        See how much you could borrow to make a competitive offer.

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        Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

        Climate risks

        Neighborhood: 37354

        Getting around

        1 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        Local experts in 37354

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