Equestrian Estate - Development Opportunity for Homebuilders

Farm/Ranch for Sale
Also listed as Vacant Land
Catylist Listing ID: 29982830
Property Subtypes: Horse
Gross Land Area: 38.79 Acres
Sale Price: $1,560,000
Sale Terms: Cash to Seller
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 4/17/2017

Overview / Comments

This 38 1/2 Acre +/- Equestrian Estate in the heart of Harrison, only minutes away from Chickamauga Lake, includes scenic pastures and quiet wooded areas, a large custom home, two large barns with horse stalls, an equipment shed, a riding ring, and a 20,000 SF covered riding arena. A small pond sits in the woods near the arena and a wet weather creek runs along the border of the southern pasture. There is a gated entry and paved driveway with access from Ramsey Road. There is a secondary access driveway with approx. 470 Ft. of frontage on Ramsey Town Road. 1 mile from Wolftever Creek on Hwy 58 and only 1 1/2 miles from Harrison Bay State Park.

The existing home is approx. 3,973 SF on the main level (Tax Record) with a stone exterior and lots of large windows providing excellent views of the surrounding woods and pastures. This 4 bedroom & 4 full bath home has great indoor and outdoor entertaining areas. The partial lower level includes a family room, covered porch, ample storage, and a 4 car garage. A separate detached 2 car garage/workshop is connected to the home by a covered walkway. A sunroom leads onto a beautifully landscaped patio area with large boulders, stone paths and an outdoor fireplace, alongside waterfalls which cascade into a fish pond and zero entry pool.

This large property could be a great investment opportunity for a homebuilder to develop a private equestrian community with multiple homesites each able to take advantage of shared amenities.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 094 054.00; 094 082.00; & 094 055.01
Zoning: A-1
Highway Access: Less than 1/2 mile to Hwy 58. 15 Min to I-75.
Water Service: Municipal, Well
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,385 14,877 47,924
Median Age: 40.31 40.89 40.51
Households: 888 5,582 18,103


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