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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.
    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#: 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

    Nearby schools

    GreatSchools rating

    Local experts in 37354

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