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Land with Home for Sale in Chattanooga, Tennessee

3926 Graceland Trl, Chattanooga, TN 37421

$4,500,000
46.5 acres
Active sale
ago
Est $23,724/mo

46+- Acres, family compound property, Tennessee water, fields, woods, hills, trails, brick ranch home and room to build! Red barn in field conveys wth field below home.

South Chickamauga Creek Greenway from Camp Jordan to Tennessee River Park all the way downtown and on to St. Elmo adjoins.

South Chickamauga Creek, paddle your kayak to the Tennessee River. Fishing, from bank, and rocks adjacent.

Brick ranch built in 1957, two car attached garage sits top of a hill.

5.3 miles from Tennessee Aquarium and take an e-bike ride downtown along the River Walk from the Greenway.

Close to the airport but not under a glide path of runway. Quiet peaceful living but less than 10 minutes downtown multiple directions.

Path of progress property - time to bank it!

Warehouses down the street, residential also. Caine Lane is quiet road just off Shallowford and minutes to Highway 153. Find the quiet area you never knew existed.

Property is zoned currently residential. Sited just inside a HUD-mapped area that may support multifamily tax-credit underwriting--buyer to confirm current Qualified Census Tract (QCT) and/or Difficult Development Area (DDA) status for a possible §42 30% eligible-basis boost, plus fit with THDA Housing Credit / multifamily tax-exempt bonds and the City of Chattanooga Affordable Housing PILOT (HEB; 10+ rental units; 15-year abatement tied to 50-80% AMI set-asides). Zoning, density, utilities, and program eligibility are not warranted--verify with HUD, THDA, and the City before relying on any incentive.

Ranch house has tenants, please do not drive down Graceland Trail without an appointment. Private Drive. Tenants have right to quiet enjoyment. Schedule appointment. Qualified buyers only please Realtors.

1,745
Sq feet
3
Beds
2
Full baths
1
1/2 bath
1957
Built

Location

Street address
3926 Graceland Trl
Zip code
37421
Elevation
750 feet
Coordinates
35.0577, -85.2174

Directions

153 South (dam / Hixson toward I-75)

Exit 2 - Shallowford Road

Right on Shallowford (toward the airport)

At the light, a left will put you onto Airport Road, turn Right onto Caine Lane.

Graceland Trail will be on your left just past 4017 Caine Lane, the sellers personal home NOT for sale.

Property details

Acreage
46.5 acres
MLS #
REALTRACS 3531475
Posted

Property taxes

Recent
$8,789

Parcels

  • 137K A 002.02

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Financing
Conventional
Possession
Close of Escrow

Lot

Size Source
Agent Calculated
Dimensions
Irr
View
Mountain(s), Water

Exterior

Parking Spaces
2
Parking
Garage Faces Front, Gravel
Garage
Attached

Structure

Stories
1
Water
Well
Sewer
Septic Tank
Heating
Electric
Cooling
Central Air
Materials
Brick
Roof
Asphalt
Foundation
Block

Interior

Appliances
Electric Oven

Property utilities

CategoryTypeStatus
PowerGridAvailable
SewageSeptic SystemConnected
WaterPrivate WellConnected

Nearby schools

NameType
Harrison Elementary SchoolElementary
Dalewood Middle SchoolMiddle
Brainerd High SchoolHigh

Listing history

DateEventPriceChangeSource
Sept 2, 2026New listing$4,500,000REALTRACS
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This 46.5-acre property is located at 3926 Graceland Trl in Chattanooga, TN 37421. The property is available for sale, priced at $4,500,000. It has a 1,745 square foot 3-bedroom, 2.5-bath house built in 1957.

Checked 2 hours agoUpdated

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Realtracs

Based on information submitted to the MLS GRID as of Sept 5, 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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