345 Greystone Heights Rd

Gatlinburg TN 37738

2.25 ac.

Land

Last sold for $1,050,000

The Jason White Team, last sold this property on 07 June 2023 after -13 days on market.

Overview

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.

Features

2.25 ac. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Gatlinburg over the last 12 months, the estimated median property value of 345 Greystone Heights Rd is $134k.

Median value

$134k

Estimated value range

$10k - $1.1m

Median days on market

Estimated value trend

22%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Gatlinburg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 345 Greystone Heights Rd

2023

Sold

$1,050,000

Sold Before Auction on 07 Jun 2023 by The Jason White Team, of Century 21 Legacy

Happy sellers in Gatlinburg

We have insufficient information to provide an overview of customer satisfaction for Gatlinburg. Viewing the agent profiles, reviews and sales for Gatlinburg can provide insights for this location.