
Residential Land with Home for Sale in Iron City, Tennessee
5725 Wayland Springs Rd, Iron City, TN 38463
An exceptional opportunity on Shoal Creek, a waterway renowned for kayaking and canoeing. This unique creekfront compound features four separate residences, offering the ideal setup for a multifamily retreat, private compound, or income-producing investment. The main residence is a well-appointed basement home with granite countertops, spacious living areas, and a primary suite featuring a Jacuzzi tub, double vanities and walk-in closets. A covered porch overlooking the creek provides a peaceful setting for everyday living, while the attached garage adds convenience. Three additional structures are currently operating as successful Airbnb rentals. The bunkhouse offers approximately 1,500 square feet of living space above a large workshop, providing flexible use for guests, extended family, or additional rental income. Two charming creekside cabins--Parker's Place and Mermaid Hideaway--overlook Shoal Creek and are thoughtfully designed for comfort and character. Each cabin features tankless water heaters and inviting interiors that capitalize on the serene waterfront setting. Each residence has its own septic system, and the property is equipped with high-speed internet throughout, making it suitable for full-time living, remote work, or short-term rentals. This is a rare chance to own a four-residence creekfront property in a highly desirable recreational setting--perfect for those seeking a private waterfront compound or a turnkey investment with proven income potential. Main house has 1536 sq.ft., bunkhouse 1500 sq.ft., Parker's Place 360 sq.ft., Mermaid Hideaway 260 sq.ft. TOTAL of 3656 Sq.Ft.
- Listed by Stacey Springer, (931) 242-9263, Coldwell Banker Southern Realty
Location
- Street address
- 5725 Wayland Springs Rd
- County
- Lawrence County
- Elevation
- 568 feet
Directions
From Hwy 43 in Lawrenceburg, turn west onto West Gaines St. Turn left at the light onto West Point Rd (TN242). Travel approximately 20 miles. Property will be on the left.
Property details
- Acreage
- 6.71 acres
- MLS #
- REALTRACS 3066653
- Posted
Property taxes
- Recent
- $1,389
Parcels
- 155 02204 000
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Possession
- Close of Escrow
Lot
- Terrain
- Private, Views
- View
- Water
- Waterfront
- Creek
- Features
- Private, Views
Exterior
- Parking Spaces
- 10
- Parking
- Attached, Garage Door Opener, Gravel
- Garage Spaces
- 2
- Covered Spaces
- 4
- Pool
- Above Ground
- Outdoor Spaces
- Covered, Deck, Porch
- Structures
- Guest House, Storage
Structure
- Levels
- One
- Basement
- Exterior Entry, Finished, Full
- Water
- Public
- Sewer
- Septic Tank
- Heating
- Central, Electric
- Cooling
- Central Air
- Materials
- Brick, Vinyl Siding, Wood Siding
- Roof
- Metal
Interior
- Rooms
- Bedroom, Dining Room, Living Room, Master Bathroom
- Flooring
- Vinyl
- Appliances
- Dishwasher, Electric Oven, Electric Range, Refrigerator, Stainless Steel Appliance(s)
- Laundry
- Electric Dryer Hookup, Washer Hookup
- Security
- Smoke Detector(s)
- Features
- Ceiling Fan(s), High Speed Internet, In-Law Floorplan, Walk-In Closet(s)
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Power | Grid | Available | — |
| Water | Public | Available | — |
| Sewage | Septic System | Connected | — |
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| South Lawrence Elementary | Elementary | — | — |
| South Lawrence Elementary | Middle | — | — |
| Loretto High School | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 18, 2025 | New listing | $795,000 | — | REALTRACS |




















































































