345 Greystone Heights Road, "The Castle", Gatlinburg, TN 37738
$1,050,000
Property Type:
Land
Lot Size (sq. ft.):
98,010
Status:
Closed
Current Price:
$1,050,000
List Date:
3/28/2022
Last Modified:
9/10/2024
Listing Details MLS# 248292
General Property Information
- Lot Size Dimensions
- 498x127x830x179
- Lot Size Acres
- 2.25
- Sign On Property YN
- Yes
- View YN
- Yes
- List Price/Acre
- 555555.56
- Sold Price/Acre
- 466666.67
Property Features
Listing Terms:
1031 Exchange; Cash; Conventional
Lot Features:
Cleared; Gentle Sloping; Mountainous; Rolling Slope
Possession:
Close Of Escrow
Possible Use:
Recreational; Residential; Single Family
Road Frontage Type:
City Street
Road Surface Type:
Paved
Utilities:
Cable Available; High Speed Internet Available; Sewer Available
View:
Mountain(s)
Water Source:
Public
Showing Requirements:
See Remarks
Location Tax and Legal
- Street Number
- 345
- Street Name
- Greystone Heights
- Street Suffix
- Road
- County
- Sevier
- State
- TN
- Zip Code
- 37738
- Property Sub Type
- Unimproved Land
- MLS Area Major
- Gatlinburg
- Subdivision Name
- Greystone Heights
Contract Information
- Original List Price
- 1200000
- Listing Contract Date
- 2022-03-28
- Owner Name
- Juarez Jose J Erwin A Raeth
- Listing Agreement
- Exclusive Right To Sell
- Association YN
- No
- Association Type
- None
Remarks and Miscellaneous
- Public Remarks
- 345 Greystone Heights is a 2.25 acre property, zoned R-1, with city sewer, water and high speed internet in an ideal location above Gatlinburg. An added benefit, the city of Gatlinburg maintains the streets and picks up garbage year-around. The property is the cumulation of five lots, merged together to become what was to be known as one of most iconic properties in the area. Yes, 345 Greystone Heights Road was once home to the famous "Castle" designed by Community Tectonics INC, formed by none other than renowned architect, the late Mr. Hubert Bebb. The Gatlinburg Fires of '16 put an end to the Castle's fabled era. What remains without question is poised to become iconic once again. The South facing views of downtown Gatlinburg and the Smokies, including the direct view of Mount LeConte, is magnificently self evident. Remaining improvements today include two gated driveways with intact retaining walls leading to a multi-level concrete structure. The infrastructure remaining would cost a measurable amount of investment to duplicate at todays cost. The sellers had an informal engineering assessment done on the concrete, samples were shown to have strength of 3,500 to 5,500 PSI. The remaining improvements are being presented as a starting point to craft into a dream property. The scope and vision of work to bring 345 Greystone Heights to a worthy result will be solved by combining the three key elements of vision, process and realization. The project will reflect the identity and philosophy of the future owner, and Gatlinburg awaits. This property boats 498 feet of frontage on Greystone Heights Rd along with 830 feet of frontage on Smoky View Rd, which is the street below. Since the site is located between an upper and lower street, development of the site and protection of the view are in the owner's control. Buyers are welcome to to be inspired by 345 Greystone Heights.
- Directions
- From Downtown Gatlinburg on 441, Turn at Traffic Light # 5 and go up Greystone Heights Road (Behind Aquarium) approximately 1 mile to Private drive on Left (345 Greystone Heights Road) to Private Gate. The property is GPS friendly.
Status Change Information
- Major Change Timestamp
- 2023-06-07T06:45:34Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2023-01-24T04:03:08Z
- Status Change Timestamp
- 2023-06-07
- Purchase Contract Date
- 2023-05-19
- Close Date
- 2023-06-07
- Close Price
- 1050000
- Buyer Financing
- Cash
- Anticipated Closing Date
- 2023-06-16
More Information
Road Frontage Type
- Road Frontage Length
- 1,328
- City Street
- Yes
Showing Requirements
- Showing Instructions
- Please contact co-agent Keith Garnes with any questions you may have at kgarnes@jasonwhiteteam.com or (865) 712-6753. Please kindly let Keith know by text, email or phone if you do show the property.
- See Remarks
- Yes
Location, Tax, and Legal
- Street Additional Info
- "The Castle"
- Restrictive Covenants YN
- Yes
- Zoning
- R-1
- Zoning Entity
- Gatlinburg
- Tax Lot
- C/2
- Book/Page/Doc #
- 5365, 320
- Tax Annual Amount
- 1010.61
- Tax Year
- 2019
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Cleared
- Yes
- Gentle Sloping
- Yes
- Mountainous
- Yes
- Rolling Slope
- Yes
Possession
- Close Of Escrow
- Yes
Road Surface Type
- Paved
- Yes
Utilities
- Cable Available
- Yes
- High Speed Internet Available
- Yes
- Sewer Available
- Yes
View
- Mountain(s)
- Yes
Water Source
- Public
- Yes
Possible Use
- Recreational
- Yes
- Residential
- Yes
- Single Family
- Yes
Septic Approved/Permit
- None
- Yes
Listing Office:
Century 21 Legacy GP
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.