8150 Pelleaux Rd, Knoxville, TN 37938 (MLS# 1347341)

8150 Pelleaux Rd, Knoxville, TN 37938

$3,200,000
Property Type: Lots & Acreage Lot Size (sq. ft.): 104,544 Status: Pending - Continue to Show
Current Price: $3,200,000 List Date: 7/07/2026 Last Modified: 8/25/2026

Overview

Description

Attention developers and builders! This is the Kelley Farm--40 contiguous acres of high-potential East Tennessee land perfectly positioned for a premier residential community in the heart of Halls Crossroads, just 20 minutes north of downtown Knoxville. Featuring approximately 31 acres of cleared, open pasture and 9 acres of beautiful woodland, this site is currently zoned to accommodate 3.5 units per acre for an immediate yield of 142 total units. With a solid concept plan, there is an excellent path to re-zone to 4 units per acre, pushing your maximum potential to 162 total units. Infrastructure logistics are highly favorable, boasting over 1,500 linear feet of premium frontage along Norris Freeway, seamless main access from Pelleaux Road, and all essential utilities readily available right at the street. Adding immediate value, the original farmhouse on the property is currently occupied by a month-to-month tenant generating $1,000 per month in rental income, providing a steady hold ...

Listing Details MLS# 1347341

Location Tax Legal Info

House #
8150
Street Name
Pelleaux
St Suffix
Rd
State/Province
TN
Zip Code
37938
PIN #
028 021

Contract Info

Auction Y/N
No
Listing Price
3200000

General Property Description

Lot Dimensions
40.46 acres per Knox County Records
Acres
2.4
Acre Source
Tax Records
Restrictions
No
Development Misc
Yes
SqFt - Min 2 Story
1350
Property Status
N/A

Status Change Info

Status Change Date
2026-08-25
Under Contract Date
2026-08-21

More Information

Property Features

Property Sub-Type: Farm; Single Family Topography: Partially Cleared; Rolling Road Frontage: County; State Sale Options: Fee Simple Improvements: None Easements: None Lot Description: Corner Lot; Irregular Lot; Level; Pond; Private; Rolling Slope View: Country Setting; Mountain View; Wooded Documents on File: Other Developmnt Potential: Farm; Multi-Family; Single Family; Subdivision Utilities Available: Cable TV; Electricity; Gas; Sewer; Telephone; Water Zoning: Zoned Residential Present Structures: Residence; Tenant House Fencing: Chain; Fenced Yard New Financing: Call Listing Agent; Cash; Conventional; FHA; VA Loan Showing Instructions: See Agent Instructns
IDX
Listing Office: Southland Realtors, Inc
Last Updated: August - 25 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.