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Recreational Land for Sale in Spencer, Tennessee

1034 Gadsden Way, Spencer, TN 38585

$315,000
31.6 acres
Active sale
$30k drop
Est $2,135/mo

Nearly 32 acres of prime, usable land with low property taxes thanks to Greenbelt status—this is your chance to own a fully turn-key, off-grid homestead with tremendous short-term rental potential. Just minutes from Fall Creek Falls State Park and tucked away on a beautiful hardwood tract, this property includes a 12x20 cabin with two 8x12 sleeping lofts, a 20x40 high metal awning and RV pad, a firepit, and a 40' high cube shipping container for storage or additional use. Enjoy the privacy of full fencing on three sides (with the street forming the fourth boundary), and spend your days exploring multiple walking trails and the spring-fed year-round creek, plus an additional wet-weather creek. A well with pump is already installed, and fruit-bearing apple, peach, pear, and plum trees (planted and thriving at 6' tall) are already in place for your future orchard. Plus, the land is teeming with deer and other wildlife that roam freely across the hardwood forest. If you've been searching for a mostly flat, usable off-grid property—not the steep side of a mountain which offers a tremendous investment upside, this rare gem near one of Tennessee's top parks checks every box. Bring your animals and your dreams—this is ready for you. Property is also known as 1034 Country Meadow Road.

Location

Street address
1034 Gadsden Way
Zip code
38585
Elevation
1,861 feet
Coordinates
35.6651, -85.4547

Directions

From Dunlap take 111 N toward Spencer. Turn right on Phifer Mine Road then right again on Gadsden Way. Property is on right with green gate.

Property details

Acreage
31.58 acres
Zoning
A-1
Access
Private road
MLS #
REALTRACS 3250960
Posted

Property taxes

Recent
$140

Parcels

  • 061 02900 000

Details and features

Listing

Type
Land
Financing
Conventional
Inclusions
Land and Buildings
Possession
Close of Escrow

Lot

Size Source
Agent Calculated
Dimensions
1500 x 1500
Road Frontage
Private Road
Road Surface
Asphalt, Gravel
View
Water
Features
Level, Wooded

Structure

Water
Well
Sewer
None

Property utilities

CategoryTypeStatus
WaterPrivate WellAvailable

Nearby schools

NameType
Spencer ElementaryElementary
Van Buren Co High SchoolHigh

Listing history

DateEventPriceChangeSource
Sept 3, 2025Price drop$315,000$30,000 -8.7%CAR
May 23, 2025New listing$345,000CAR
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This 31.58-acre property is located at 1034 Gadsden Way in Spencer, TN 38585. The land is available for sale, priced at $315,000 — $9,975 per acre.

Checked 2 hours agoUpdated

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Realtracs

Based on information submitted to the MLS GRID as of July 6, 2026 9:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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