Situated in the peaceful countryside of Madisonville in scenic Monroe County, this versatile East Tennessee property offers an outstanding combination of privacy, comfort, recreation, and usable acreage. Available in two options consisting of the home with 57.1± acres or the home with 271.28± acres, this property is well-suited for buyers seeking a private residence, recreational retreat, family compound, or long-term investment opportunity.
The centerpiece of the property is a spacious custom home offering approximately 4,517± square feet with 5 bedrooms and 5.5 bathrooms. Originally built in 1989 as a 3-bedroom, 2-bath home, the residence underwent a substantial expansion and renovation in 2015, resulting in a thoughtfully updated layout that blends rustic character with modern convenience. Pine wood walls throughout the home create a warm and inviting atmosphere, while the recently remodeled kitchen features stainless steel appliances, a gas-burning stove, and generous cabinet and counter space. Designed for comfortable everyday living, the home includes walk-in showers, walk-in closets, and a separate laundry room with a utility sink. A Generac generator, fiber internet service, and a recently rebuilt well with a new tank and pump provide reliability and convenience. The attached three-car garage includes a radiant floor heating system supplied by a wood stove located behind the residence, creating an efficient supplemental heat source during cooler months. In addition to the main residence, the property includes multiple additional living spaces that provide flexibility for guests, extended family, caretakers, or potential rental opportunities. A large multi-use barn includes a comfortable 2-bedroom, 1-bath apartment, meeting area, attached garage, and additional storage and utility space. Another detached garage building includes a 1-bedroom, 1-bath apartment featuring tongue-and-groove walls, hardwood flooring, and high UV-rated automatic garage doors. The acreage offers an attractive blend of mature timber, open clearings, rolling terrain, and established trail systems throughout the property. Extensive side-by-side trails create easy access across the land for riding, hiking, recreation, and property maintenance. Open areas provide space for gardening, recreation, equipment storage, or hobby farm use, while the mature wooded sections create excellent wildlife habitat and scenic natural surroundings. Additional improvements include four hen houses, adjoining carports for equipment storage, and an enclosed metal hay storage building located within a small pasture area. Portions of the property are fenced with durable post-and-rail fencing and reinforced cross-bracing. A gated entrance enhances both privacy and security while creating an attractive approach to the property. Whether you are searching for a private Tennessee homestead, recreational getaway, hunting property, multi-generational living setup, or a property with future income potential, this Monroe County tract offers the flexibility and infrastructure to support a wide variety of uses. Owner financing is available, and all utilities are already in place, including fiber internet access. Conveniently located near the foothills of the Smoky Mountains, this property provides the benefit of rural seclusion while remaining within reasonable driving distance of nearby towns and outdoor destinations throughout East Tennessee.
For sale
Price cut: $600K (5/21)
$1,950,000
489 Hickory Grove Rd, Madisonville, TN 37354
5beds
4,517sqft
Est.:
Single Family Residence
Built in 2015
271.28 Acres Lot
$1,892,700 Zestimate®
$432/sqft
$-- HOA
What's special
Four hen housesRolling terrainMature timberGas-burning stoveStainless steel appliancesOpen clearingsAttached three-car garage
- 4 days |
- 532 |
- 40 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Wes Evans 865-360-5593,
Whitetail Properties Real Estate, LLC 931-372-1844
Source: East Tennessee Realtors,MLS#: 1341711
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- Central, Propane, Electric
Cooling
- Wall Unit(s), Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Features
- Walk-In Closet(s)
- Flooring: Hardwood, Radiant Floors, Tile
- Windows: Insulated Windows
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 4,517
- Total interior livable area: 4,517 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Attached garage spaces: 3
Features
- Exterior features: Balcony
- Has view: Yes
- View description: Country Setting, Trees/Woods
- Waterfront features: Creek
Lot
- Size: 271.28 Acres
- Features: Private, Wooded, Level, Rolling Slope
Details
- Additional structures: Barn(s), Guest House
- Parcel number: 114 025.04, 114 028.03, 114 024.00, & .03
- Other equipment: Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Frame
Condition
- Year built: 2015
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Madisonville
Financial & listing details
- Price per square foot: $432/sqft
- Tax assessed value: $753,300
- Annual tax amount: $2,589
- Date on market: 5/21/2026
Estimated market value
$1,892,700
$1.80M - $1.99M
$1,002/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Price change | $1,350,000-30.8%$299/sqft |
Source: Whitetail Properties #111924 Report a problem | ||
| 5/21/2026 | Price change | $1,950,000+44.4%$432/sqft |
Source: | ||
| 5/21/2026 | Listed for sale | $1,350,000-41.2%$299/sqft |
Source: | ||
| 4/5/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/5/2026 | Price change | $2,295,000-4.2%$508/sqft |
Source: Owner Report a problem | ||
| 10/13/2025 | Listed for sale | $2,395,000-2.2%$530/sqft |
Source: Owner Report a problem | ||
| 10/3/2025 | Listing removed | $2,450,000$542/sqft |
Source: | ||
| 9/17/2025 | Price change | $2,450,000+53.6%$542/sqft |
Source: | ||
| 8/11/2025 | Price change | $1,595,000-3.3%$353/sqft |
Source: | ||
| 7/2/2025 | Listed for sale | $1,650,000+683.8%$365/sqft |
Source: | ||
| 8/2/2006 | Sold | $210,500$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $84,435 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
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Climate risks
Neighborhood: 37354
Nearby schools
GreatSchools rating
- 5/10Tellico Plains Elementary SchoolGrades: PK-4Distance: 5.1 mi
- 5/10Tellico Plains Junior High SchoolGrades: 5-8Distance: 5.2 mi
- 5/10Tellico Plains High SchoolGrades: 9-12Distance: 5.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Monroe County
- Madisonville
- 37354
- 489 Hickory Grove Rd







