Calling all investors, developers, and visionaries looking for their next big opportunity—this expansive property offers the perfect “blank canvas” to bring ambitious ideas to life. Located at 601 N Chilhowee Dr, Knoxville, TN 37924, this 4,603-square-foot home sits on a remarkable 12.47-acre lot and is priced at $450,000, making it a standout option for those seeking scale, flexibility, and long-term value.
With 3 bedrooms and 3 bathrooms, the home already provides a strong structural foundation for a full renovation or redevelopment project. Inside, the property features a vast and open living space, highlighted by original hardwood floors that add both character and potential value. These classic details serve as a solid starting point for a high-end transformation, whether the goal is to modernize the interior or preserve its timeless appeal while enhancing functionality.
The sheer size of the home—4,603 square feet—offers rare versatility in today’s market. A fully finished basement further expands the usable space, opening the door for creative layouts such as additional living quarters, entertainment areas, or rental configurations. This level of interior volume gives investors and developers the freedom to reimagine the property in multiple ways, from a luxury residence to a multi-use income-generating asset.
Stepping outside, the property continues to impress. A large deck provides an ideal space for outdoor living or future upgrades, while the fenced-in backyard adds an extra layer of usability and convenience. Beyond that, the full 12.47 acres of land create an expansive setting with endless possibilities. Whether considering subdivision potential, additional structures, recreational use, or simply maximizing privacy and space, the acreage is a key feature that significantly enhances the overall value.
The location in Knoxville, TN adds further appeal, offering access to local amenities, shopping, dining, and major roadways while still maintaining a sense of space and separation. This balance between accessibility and land size makes the property even more attractive for long-term investment strategies.
Priced at $450,000, this 12.47-acre property with a 4,603-square-foot home represents a rare opportunity to secure a large-scale project with significant upside. Whether the plan is to renovate and resell for a strong return, create a long-term rental property, or develop the land further, the combination of acreage, square footage, and location makes this a valuable addition to any real estate portfolio.
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Listed in ZILLOW
