This expansive Tennessee estate offers an unrivaled blend of
privacy, custom craftsmanship, and stunning waterfront views while
spanning over 300 contiguous acres. The majestic custom-built
luxury home and guesthouse are prominently positioned overlooking
the deep-water, spring-fed lake loaded with bass and crappie
waiting for you to cast a line. As you step inside, the soaring
floor-to-ceiling glass literally brings the outside in. Set across
over 300 acres, the exterior of this custom estate is every bit as
extraordinary as the residence itself, offering a rare blend of
privacy, recreation, and natural beauty. A stunning spring-fed
lake, approximately 14 feet deep, serves as the centerpiece of the
property, providing exceptional opportunities for fishing,
kayaking, and peaceful enjoyment of the surrounding landscape.
Stocked with bass, crappie, and bluegill, the lake creates a
year-round playground for family and guests while enhancing the
property's scenic appeal. The approximate 8700 sq ft custom estate
home is constructed with timeless brick and topped with an
architectural roof, blending durability with classic design.
Multiple outdoor living spaces, including three balconies, provide
elevated vantage points to take in the sweeping views of the
estate. The home is further supported by a full, finished walkout
basement with 12-inch poured foundation walls, along with a floored
attic for additional storage. Thoughtful infrastructure elements
such as a sump pump and advanced drainage system surround the home,
ensuring long-term integrity.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Last updated: 5 months ago (Realtracs #RTC3260574)
Price History
Date / Event
Date
Event
Price
May 30, 2026
Listed by Hayden Outdoors LLC
$6,790,000
Listed by Hayden Outdoors LLC
Dec 15, 2021
No longer available
-
No longer available
Jan 25, 2021
Listed by Coldwell Banker Barnes
$5,500,000
Listed by Coldwell Banker Barnes
The manager has listed the unit size as 10880 square feet.
Mar 11, 2020
No longer available
-
No longer available
Mar 10, 2020
Relisted
$8,500,000
Relisted
Mar 10, 2020
No longer available
-
No longer available
May 23, 2019
Listed
$8,500,000
Listed
Located 115 miles from Nashville, this magnificent 325 acre estate overlooks two private lakes with an abundance of hunting, fishing and majestic views of nature's beauty. Main house is 8450 sq ft features 4 bedrooms, 4.5 bathrooms, a full wine cellar, media room with custom seating, professional chef's kitchen and much much more. The carriage house is 2430 sq ft and has a full kitchen with 2 large bedrooms, 2.5 bathrooms. Call Anne Short(731) 225-8143 for your private showing. The manager has listed the unit size as 10880 square feet.
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Property Highlights
Garage
Elevator
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Parking Features: Garage Door Opener, Garage Faces Side
Garage Spaces: 6
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Built-in Features, Ceiling Fan(s), Central Vacuum, Elevator, High Ceilings, Open Floorplan, Pantry, Walk-In Closet(s), Wet Bar, High Speed Internet, Kitchen Island, Extra Closets
Appliances: Built-In Electric Oven, Double Oven, Electric Oven, Built-In Electric Range, Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Water Purifier
Flooring Type: Wood, Luxury Vinyl, Tile
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Living Room, Wood Burning
Fireplaces: 1
Basement: Finished, Full
Exterior Details
Square Footage: 8000
Square Footage Source: $0
Security Features: Fire Alarm, Security Gate, Security System, Smoke Detector(s)
Year Built: 2014
Waterfront Features: Lake Front, Year Round Access
Building Area Total: 8000
Levels: Two
Other Structures: Guest House
Building Area Units: Square Feet
Construction Materials: Brick, Frame
Patio and Porch Features: Deck, Covered, Patio, Porch
Lot Features: Level, Private, Rolling Slope, Views, Wooded
Lot Size Area: 20.01
Lot Size Units: Acres
Lot Size Acres: 20.01
Lot Size Square Feet: 871635.6
Water Source: Well
Financial Details
Tax Annual Amount: $9,810
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric, Geothermal
Heating Type: Central, Electric
Sewer : Septic Tank
Building Info
Overview
General
Year Built:
2014
Effective Year Built:
2014
Building Count:
2
Bedroom Count:
0
Bathroom Count:
5
Full Bathrooms:
5
Partial Bathrooms:
5
Bathroom Plumbing Fixtures:
15
Building Condition:
1
Building Quality:
6
Construction Type:
0
Building Style:
0
Exterior Walls Type:
2
Interior Walls Type:
3
Roof Shape Type:
7
Roof Cover Type:
3
Floor Count:
100
Floor Cover:
24
Basement Type:
2
Basement Area:
4,204
Garage Type:
0
Parking Space Count:
0
Patio Type:
0
Porch Type:
7
Pool Type:
0
Dimensions
Lot Size Square Feet:
871,636
Total Building Area:
4,497
Building Area:
4,497
Building Area Measurement:
L
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
13
Heating:
24
Heated Square Feet:
4,497
Heating Fuel Type:
0
Utilities
Sewer System:
5
Water Service:
6
Building
Building Type:
0
Property Class:
R
Land Acres:
0000020010
Standard Land Use Code:
1008
County Land Use Code:
10
Neighborhood
School District Name:
West Carroll Special District
Census Tract:
962400
Geography
Assessors Map Reference:
130
District:
06
Parcel:
009130 01316
Latitude:
35.8859
Longitude:
-88.5335
Address
Full Address:
157 Howley Ln
Address - House Number:
157
Address - Street Name:
Howley
Address - Suffix Type:
Ln
State:
TN
City Name:
Cedar Grove
Carrier Code:
R001
4-Digit Zip Code:
6468
Zip Code:
38321
Valuation
Tax
Tax Year:
2022
Tax Amount:
$954,300
Tax Rate Code Area:
09B00
Appraisal Valuation
Standard Deviation:
0.4862
Valuation Date:
Mar 20, 2024
Confidence Score:
2
Final Value:
1,562,675
High Value:
2,322,494
Low Value:
802,855
Market Valuation
Market Total Value:
$1,449,200
Market Land Value:
$59,300
Market Improvement Value:
$1,389,900
Assessments Valuation
Assessed Year:
2023
Assessed Total Value:
$362,300
Assessed Land Value:
$14,825
Assessed Improvements Value:
$347,475
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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