Land with Home for Sale in Madisonville, Tennessee

Tucked away on a dead-end road just off New Highway 68, perfectly positioned between Madisonville and Tellico Plains, this exceptional 1.6-acre multi-family property offers the perfect blend of privacy, versatility, and modern living. Whether you're searching for a multi-generational setup, income-producing opportunity, or a place to live and work, this thoughtfully designed property truly has it all. With a combined total of 2,452 square feet, the property features two newer homes along with a fully equipped 40x39 garage/workshop that is ideal for a business, hobbyist, or storing all your tools, equipment, and recreational toys. House #1 (Built in 2023 | 1,612 Sq Ft): This meticulously constructed, one-level home sits on a slab foundation and showcases 10-foot ceilings and a seamless flow with LVP flooring throughout (no transitions). Offering 2 bedrooms and 2 bathrooms, each with walk-in closets, this home was designed for both comfort and functionality. The kitchen is a standout with white shaker-style soft-close cabinetry, granite countertops, and all appliances (stove, refrigerator and microwave) conveying. Additional features include a spacious pantry, designated laundry room, and a cozy hearth with an electric fireplace that is already built with a chimney in place for a future wood-burning stove. Built for durability and efficiency, the home includes PEX plumbing, Hardie plank siding, a metal roof, and a tankless water heater. The attached oversized two-car garage is heated, cooled, and plumbed, offering excellent potential for additional living space if desired. The home is equipped with a 30 amp plug for a whole house generator that will convey with the property. House #2 (2022/2023 Model | 14x60 Mobile Home): This well-appointed 2 bedroom, 2 bathroom home offers comfort and accessibility with a covered porch and ramp. All kitchen appliances convey, including the refrigerator, stove, microwave, and dishwasher, along with the washer and dryer. Perfect for extended family, guests, or as a short- or long-term rental opportunity. Garage/Workshop (40x39): Built with metal construction on a concrete slab, this impressive space is ready for work or play. It includes electricity and water, along with two 30-amp plugs (one inside, one outside) and a 40-amp plug inside. With three garage doors and a center bay tall enough for RV storage, the possibilities here are endless. Every inch of this property has been carefully planned and executed. Each home is equipped with its own septic tank and shares a well, adding to the efficiency and independence of the setup. Enjoy the best of East Tennessee living with a convenient drive to Interstate 75 in one direction, and in the other, quick access to the natural beauty of the Tellico River, Cherohala Skyway, and the Cherokee National Forest. This rare find offers unmatched flexibility, quality construction, and a peaceful setting that is ready to welcome you home. Schedule your showing today! Buyer to verify all information