$650,000
About this home
Assumable 5.24% VA loan or rental options!!! The sellers have gotten creative, and are offering an immediate cash producing property with a rent to own option! Discover a rare opportunity to own 22.8± acres in Madisonville with an established equestrian setup, multiple living spaces, income potential, and beautiful year round Smoky Mountain views. The main home is a well maintained 3 bedroom, 2 bath ranch offering 1,920 square feet of living space, featuring whitewashed pine walls, 9.5 foot ceilings, newer appliances, a metal roof, newer HVAC and water heater, and an expansive 10x40 covered front porch overlooking the mountains. The primary suite includes a trey ceiling, double walk in closets, and a walk in shower, creating a comfortable private retreat. The equestrian facilities are designed for both personal use and potential income, featuring a 38x40 barn with 7 stalls expandable to 10, hot and cold water, electricity at each stall, and stall mats that convey. The property also includes a 280x120 riding arena, multiple paddocks, a wash station, covered storage, a creek across the front of the property, and a fully fenced layout. Attached to the barn is a separate 2 bedroom, 1 bath residence with 640 square feet and its own 40 foot covered porch, providing flexibility for guests, multigenerational living, or rental income. The equestrian facilities also offer the potential for an income producing horse focused Airbnb or individual stall rentals, subject to applicable regulations. Additional improvements include a new 24x8 storage shed, another large outbuilding, and plenty of usable acreage for recreation, animals, or future plans. With established equestrian amenities, multiple residences, mountain views, and potential income opportunities, this property offers a versatile combination of rural lifestyle and investment potential in Monroe County.
Property details
- MLS
- East Tennessee REALTORS® MLS
- MLS #
- 1358727
- Property type
- Single Family Residence
- Subdivision
- N/A
- Status
- Active
- Days on market
- 1
- On market date
- October 13, 2026
- Stories
- N/A
- Total bathrooms
- 3
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 22.82 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 436
- Student:teacher ratio
- 18.2:1
- District
- Monroe County
- Enrollment
- 473
- Student:teacher ratio
- 18.2:1
- District
- Monroe County
- Enrollment
- 873
- Student:teacher ratio
- 15.9:1
- District
- Monroe County
Walkability
Blended score for Madisonville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Madisonville, from live MLS data.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 2 days ago.
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.