Property Description

HIWASSEE RIDGE ESTATE -- LIVE HERE. INVEST HERE. CREATE YOUR OWN DESTINATION.Some properties are simply part of the search. This one is the destination.Set high above the East Tennessee countryside with sweeping views toward the Great Smoky Mountains, Hiwassee Ridge Estate offers a rare combination of luxury living, privacy, flexibility and investment potential. Behind a gated drive, this impressive estate features 9 bedrooms, 6 full baths, 2 half baths and 16+ unrestricted acres, all just minutes from the charm of downtown Sweetwater and convenient to Knoxville, McGhee Tyson Airport, shopping, lakes and the mountains.Designed with two substantial living areas under one roofline, this property creates possibilities rarely found in a residential estate. Make the entire property your private family residence or multi-generational home--or live in one side while potentially generating income from the other. Separate living spaces also create an intriguing opportunity for extended family, guests, corporate housing or short-term rental use while maintaining your own private residence.For the investment-minded buyer, the possibilities extend far beyond a traditional rental. With 9 bedrooms, large-group capacity, unrestricted acreage, gated privacy and a destination setting, the property could potentially be positioned as a luxury vacation rental, Airbnb/VRBO, wedding or event venue, corporate retreat, family reunion destination, church or organizational retreat, executive getaway, or a combination of residential and income-producing uses.Regional 5+ bedroom vacation-rental comparables demonstrate estimated annual gross revenues ranging from approximately $58,000 to $120,000+, with select premium properties achieving estimated average daily rates approaching $600-$900. Regional estate-style wedding venues demonstrate another potential revenue channel, with comparable venue pricing ranging from approximately $5,000 to $18,000+ per event, depending on property, services, lodging and package structure.The opportunity may be in combining the two: live here and rent part of the estate, operate it as a luxury destination rental, host a limited number of premium events while maintaining vacation-rental availability, or develop a hybrid destination business utilizing the acreage and accommodations.The residence is complemented by a protected exterior log finish designed for reduced maintenance, a 40-year metal roof, detached garage, greenbelt acreage and spectacular elevated views--features that make the property equally compelling as a private retreat or investment opportunity.PRIMARY RESIDENCE MULTI-GENERATIONAL ESTATE LIVE + RENT LUXURY STR WEDDING & EVENT VENUE CORPORATE RETREAT FAMILY REUNION DESTINATION DUAL RENTAL HYBRID INVESTMENTLuxury when you want it. Income potential when you choose it. Freedom to decide how the property works for you.Investment figures are based on third-party regional market data and comparable properties and are provided for informational purposes only. The property has no established STR or event-venue operating history. No future income, occupancy or permitted use is represented or guaranteed. Buyer to independently verify intended uses, governmental requirements, insurance, septic/occupancy requirements, expenses and revenue potential.

Property Features