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Land with Home for Sale in Lebanon, Tennessee

205 Gwynn Rd, Lebanon, TN 37090

$959,000
11 acres
Coming soon
ago
Est $4,668/mo

Rare opportunity in Fall Creek Airpark (TN96), one of Middle Tennessee’s most sought-after private aviation communities just 30 minutes east of Nashville. This exclusive 19-owner airpark features a 2,700’ lighted grass runwayand operates as a community ownership (not HOA), offering flexibility.

Situated directly on the runway, this 11-acre aviation property offers a mix of cleared and wooded land. Built for pilots, it includes two hangars: a 40’x 50’ main hangar with a 40’ wide door and 14’ tail clearance, plus a 40’x 43’ secondary hangar for additional aircraft, storage, or workspace.

The integrated hangar home offers approx. 2,645 sq ft with 4 beds and 4 baths, designed for easy reconfiguration or expansion without major construction. Enjoy runway views from the covered porch and direct access to the strip.

Additional features include workshops, office space, upper-level storage, and a 4-car garage setup, providing flexibility for aircraft, vehicles, and equipment. Property also features mature fruit and nut trees (pear, apple, chestnut, almond) and a solar system installed in 2021.

A separate 5-bedroom septic site is identified, allowing for a future custom home while retaining the existing structure.

Fall Creek inventory is extremely limited, with surrounding updated homes reaching $1.5M - $2M+. With hangar availability scarce across Middle TN, this is a rare chance to secure a true aviation property. Priced under apprised value!

Direct runway access. Lighted strip. Aviation lifestyle. Motivated seller.

2,644
Sq feet
4
Beds
4
Full baths
1990
Built

Location

Street address
205 Gwynn Rd, # 8
Community
Flying L Airpark
Elevation
653 feet
Coordinates
36.04, -86.3611

Directions

From Nashville take I-40 East to Hwy.231 Exit South toward Rutherford County. Turn Right onto Falls Creek Rd.; Go Right onto Gwynn Rd. Turning Right onto the Airpark Dr. for 205; Proceed to Hanger#8 Follow the drive to the house.

Property details

Acreage
10.95 acres
MLS #
REALTRACS 3182074
Posted
Available

Property taxes

Recent
$816

Parcels

  • 157 00304 000

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Financing
Conventional, FHA, USDA, VA
Possession
Close of Escrow

Community

Amenities
Trail(s), Underground Utilities

Lot

Size Source
Assessor
Terrain
Cleared, Level, Private, Rolling Slope, Views, Wooded
Features
Cleared, Level, Private, Rolling Slope, Views, Wooded

Exterior

Parking Spaces
14
Parking
Asphalt, Attached
Garage Spaces
4
Outdoor Spaces
Screened
Structures
Barn(s), Storage
Features
Balcony

Structure

Stories
2
Basement
Crawl Space
Water
Public
Sewer
Septic Tank
Heating
Electric, Solar
Materials
Aluminum Siding, Frame
Roof
Metal
Foundation
Combination

Interior

Rooms
Bedroom x 4, Den, Kitchen, Living Room, Master Bathroom
Flooring
Tile, Wood
Fireplace Count
1
Fireplaces
Wood Burning
Appliances
Dryer, Electric Oven, Electric Range, Freezer, Refrigerator, Washer
Features
Bookcases, Built-In Features, Ceiling Fan(s), Extra Closets, High Speed Internet, In-Law Floorplan

Property utilities

CategoryTypeStatus
PowerGridAvailable
WaterPublicAvailable
SewageSeptic SystemConnected

Nearby schools

NameType
Southside ElementaryElementary
Southside ElementaryMiddle
Wilson Central High SchoolHigh

Listing history

DateEventPriceChangeSource
Apr 24, 2026New listing$959,000REALTRACS
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This 10.95-acre property is located at 205 Gwynn Rd # 8 in Lebanon, TN 37090. The property is coming soon. It has a 2,644 sq ft 4 bedroom, 4 bath house built in 1990.

Checked 1 hour ago — Updated

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Realtracs

Based on information submitted to the MLS GRID as of Apr 25, 2026 11:00 am 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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