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.
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
- 57 days |
- 127 |
- 3 |
Zillow last checked: 8 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#: 1324917
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
| Date | Event | Price |
|---|---|---|
| 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
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
BuyAbility℠ payment
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Neighborhood: 37354
Nearby schools
GreatSchools rating
- 4/10Madisonville Intermediate SchoolGrades: 3-5Distance: 0.5 mi
- 5/10Madisonville Middle SchoolGrades: 6-8Distance: 0.6 mi
- 5/10Sequoyah High SchoolGrades: 9-12Distance: 2.2 mi





