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.