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
Description
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.
More Information MLS# 248292
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
Contract Information
Association Type: None
Owner Name: Juarez Jose J Erwin A Raeth
Listing Agreement: Exclusive Right To Sell
Association YN: No
Current Price: $1,050,000
Original List Price: 1200000
Sold Price: $1,050,000
Status: Closed
Listing Contract Date: 2022-03-28
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
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
Status Change Timestamp: 2023-06-07
Buyer Financing: Cash
Anticipated Closing Date: 2023-06-16
Major Change Timestamp: 2023-06-07T06:45:34Z
Major Change Type: Status Change
Price Change Timestamp: 2023-01-24T04:03:08Z
Purchase Contract Date: 2023-05-19
Close Date: 2023-06-07
Close Price: 1050000
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Gentle Sloping: 1
Mountainous: 1
Rolling Slope: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Frontage Length: 1,328
Road Surface Type
Paved: 1
Utilities
Cable Available: 1
High Speed Internet Available: 1
Sewer Available: 1
View
Mountain(s): 1
Water Source
Public: 1
Possible Use
Recreational: 1
Residential: 1
Single Family: 1
Septic Approved/Permit
None: 1
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: 1
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
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
Listing Office:
Century 21 Legacy GP
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.