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$1,950,000

489 Hickory Grove Rd, Madisonville, TN 37354
Madisonville, TN 37354
Listed by Wes Evans · Whitetail Properties Real Estate, LLC
Bedrooms
5
Bathrooms
5.5
Living area
N/A
Year built
2015

About this home

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.

Highlights

Fireplace

Property details

MLS #
1341711
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
92
On market date
May 21, 2026
Stories
N/A
Total bathrooms
5.5
Garage spaces
3
Parking spaces
N/A
Lot size
271.28 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Tellico Plains Elementary
5.16 mi away · Grades -1-4
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
351
Student:teacher ratio
18.5:1
District
Monroe County
Middle
Tellico Plains Junior High School
5.2 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
272
Student:teacher ratio
19.4:1
District
Monroe County
High
Tellico Plains High School
5.64 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
474
Student:teacher ratio
16.9:1
District
Monroe County

Walkability

Blended score for Madisonville's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

7
Very car-dependent
out of 100
EPA National Walkability Index
2.3 / 20 -- Least walkable
Nearby-amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Madisonville, from live MLS data.

On the market 92 days -- 47 fewer days than Madisonville's current average of 139 days.
For reference, the median list price across 131 active listings in Madisonville right now is $284,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$11,893/mo
$390,000 down
$1,560,000 loan
Principal & interest$10,118
Property tax (est.)$1,625
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated May 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.