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Land with Home for Sale in Portland, Tennessee

5300 Highway 31, Portland, TN 37148

$1,785,500
19.5 acres
Active
$101k drop
Est $9,128/mo

WELCOME TO WALNUT RIDGE -- A True Tennessee Treasure!

Originally built by country music legend Ronnie McDowell, this private 19.5-acre estate offers the perfect blend of Southern charm, luxury, and endless potential. A gated entrance leads you to the 7,000+ square foot main residence featuring 4 spacious bedrooms, 6 bathrooms, formal living and dining rooms, a primary bedroom on the main level, home office, exercise room, and a game room--all thoughtfully designed for comfort and entertaining.

Accommodate guests in style with a 2-bedroom guest house complete with a full kitchen, and a 1-bedroom pool house. Enjoy the outdoor oasis with a gazebo, covered bridge, and a sparkling pool perfect for Tennessee summers.

Equestrian-ready with two fenced paddocks, a 3-stall barn featuring a tack room, electricity, and water, plus a second barn. Vehicle storage includes a two-car garage plus an additional one-car garage with a wash bay and drain. A storm room/workshop and RV pad add extra convenience and versatility.

Whether you're a family looking for a forever home, an investor, or a developer, this estate is a one-of-a-kind opportunity.

Don't miss this iconic, versatile property steeped in music history!

5,702
Sq feet
4
Beds
6
Full baths
1985
Built

Location

Street address
5300 Highway 31
Community
W Allison Buntin Jr.
Elevation
733 feet
Coordinates
36.5812, -86.5951

Directions

I-65 N TO Exit #117. Right on Highway 52. Right on Highway 31W. Follow to property on The Left

Property details

Acreage
19.5 acres
MLS #
REALTRACS 2943832
Posted

Property taxes

Recent
$4,553

Parcels

  • 035 02800 000

Details and features

Listing

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

Exterior

Parking Spaces
3
Parking
Garage Faces Side
Pool
In Ground

Structure

Stories
2
Water
Well
Sewer
Septic Tank
Heating
Forced Air
Cooling
Central Air
Materials
Stone, Wood Siding

Interior

Flooring
Carpet, Tile, Wood
Appliances
Built-In Electric Oven, Cooktop, Microwave

Property utilities

CategoryTypeStatusDescription
SewageSeptic SystemConnected
WaterPrivate WellConnected

Nearby schools

NameLevelDistrictDescription
Portland Gateview Elementary SchoolElementary
Portland West Middle SchoolMiddle
Portland High SchoolHigh

Listing history

DateEventPriceChangeSource
Oct 3, 2025Price drop$1,785,500$100,500 -5.3%REALTRACS
Sept 3, 2025Price drop$1,886,000$89,000 -4.5%REALTRACS
Aug 2, 2025New listing$1,975,000REALTRACS
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This 19.5-acre property is located at 5300 Highway 31 in Portland, TN 37148. The property is available for sale for $1,785,500. It has a 5,702 sq ft 4 bedroom, 6 bath house built in 1985.

Checked 1 hour ago — Updated

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Realtracs

Based on information submitted to the MLS GRID as of Dec 10, 2025 1:00 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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