Improved Mixed-Use Land for Sale in Walland, Tennessee

4537 Old Walland Hwy, Walland, TN 37886

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$1,499,000
5 acres
Active
$151k dropEst $8,037/mo

5 ACRES FACING LITTLE RIVER -Waiting on Your Arrival is the Historic Home at Peery's Mill Dam, the former Mill House Restaurant (25 yrs.) located across the street from Little River where you can see & hear the rushing waters from the dam. This home has been unbelievably restored, saving as many of the original features as possible: Astounding Hard Wood Floors, Leaded Glass Windows & Doors reworked and restored to work flawlessly, Original Woodwork, Fireplace details made from the original barn on the property and native stone. Upgrade features include Spray foam insulation in walls, State of the art Custom kitchen with Z Line Appliances, Titanium Granite Countertops, Butler's Pantry/ Prep Kitchen. Tankless instant Hot Water, and Whole House water filtration System. Two New HVAC Systems. Complete New Electric and Underground Utilities. Electric Box is pre-wired and set up for a Generator. All Plumbing is New, and a New 5 Bedroom Septic System that far exceeds local standards is being installed on May 5.

Propane tanks are owned and underground, they service The Cook Top, Water Heater, and Lower HVAC system. Ensuite on Main Floor, with 1.5 Bathrooms. Livingroom, Kitchen, Large Dining/Sunroom, Large Laundry Room, Oversized One Car Garage, with Lift Master Garage Door Opener with Wi-Fi Remote capabilities.

2nd Floor has 3 Bedrooms, One Office, 1.5 Bathrooms.

Basement has 1 Bedroom, 1 Bathroom, Den, 2 Large Storage/Utility Rooms and an exit with stairs leading outside.

There is room to expand on this 2.61 Acres with a mountain view and peaceful serenity that the sounds of the river bring.

This property is zoned Commercial & Residential with endless possibilities as a primary residence and/or a business.

This property is a MUST SEE TO APPRECIATE. The pictures just can't convey the amazing craftsmanship of Garrett DeVries.

*MUST BE ACCOMPANIED BY A REALTOR TO VIEW THIS PROPERTY, OR WALK AROUND*

4,130
Sq feet
5
Beds
3
Full baths
2
1/2 baths
1929
Built

Directions

Hwy 321 Headed to Townsend, Left on Melrose Station, Left on Old Walland Highway, House on right across the street from Peery's Mill Dam on Little River.

Location

Street Address
4537 Old Walland Hwy
Elevation
925 feet
Coordinates
35.7506, -83.8364

Property details

MLS #
KAARMLS 1297129
Posted

Property taxes

Recent
$1,672

Parcels

  • 060 050.00

Resources

Detailed attributes

Listing

Type
Residential
Subtype
Other
Franchise
Coldwell Banker Real Estate

Lot

Views
Mountain

Structure

Style
Craftsman
Materials
Block, Brick
Cooling
Central Air
Heating
Central, Electric, Fireplace(s), Propane

Exterior

Parking
Garage
Features
Covered Porch, Level, Porch, Prof Landscaped, Screened Porch

Interior

Room Count
14
Rooms
Bathroom x 5, Bedroom x 5
Floors
Hardwood, Tile
Appliances
Cooktop, Dishwasher, Gas Cooktop, Microwave, Range, Refrigerator, Washer
Features
Fireplace, Kitchen Island, Pantry, Walk-In Closet(s)

Property utilities

CategoryTypeStatusDescription
GasPropaneConnected

Nearby schools

NameLevelDistrictDescription
WallandElementary
HeritageMiddle
HeritageHigh

Listing history

DateEventPriceChangeSource
May 15, 2025Price drop$1,499,000$151,000 -9.2%KAARMLS
Apr 14, 2025New listing$1,650,000KAARMLS
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This 5-acre property is located at 4537 Old Walland Hwy in Walland, TN 37886. The property is currently available for sale for $1,499,000. It has a 4,130 sq ft 5 bedroom, 3 bath house built in 1929. Listing data is sourced from East Tennessee Realtors # 1297129.

Verify sale details at the property source or contact Coldwell Banker Nelson at (865) 740-0699.

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Copyright (C) 2025 East Tennessee Realtors(R). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Checked 42 mins ago. Updated . Parcel data by Regrid.

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