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3926 Graceland Trail

Chattanooga, TN 37421
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Acres46.50

Acres(Lot)

46+- Acres, family compound property, Tennessee water, fields, woods, hills, trails, brick ranch home and room to build! Red barn in field conveys wth field below home. South Chickamauga Creek Greenway from Camp Jordan to Tennessee River Park all the way downtown and on to St. Elmo adjoins. South Chickamauga Creek, paddle your kayak to the Tennessee River. Fishing, from bank, and rocks adjacent. Brick ranch built in 1957, two car attached garage sits top of a hill. 5.3 miles from Tennessee Aquarium and take an e-bike ride downtown along the River Walk from the Greenway. Close to the airport but not under a glide path of runway. Quiet peaceful living but less than 10 minutes downtown multiple directions. Path of progress property - time to bank it! Warehouses down the street, residential al so. Caine Lane is quiet road just off Shallowford and minutes to Highway 153. Find the quiet area you never knew existed. Property is zoned currently residential. Sited just inside a HUD-mapped area that may support multifamily tax-credit underwriting--buyer to confirm current Qualified Census Tract (QCT) and/or Difficult Development Area (DDA) status for a possible 42 30% eligible-basis boost, plus fit with THDA Housing Credit / multifamily tax-exempt bonds and the City of Chattanooga Affordable Housing PILOT (HEB; 10+ rental units; 15-year abatement tied to 50-80% AMI set-asides). Zoning, density, utilities, and program eligibility are not warranted--verify with HUD, THDA, and the City before relying on any incentive. Ranch house has tenants, please do not drive down Graceland Trail without an appointment. Private Drive. Tenants have right to quiet enjoyment. Schedule appointment. Qualified buyers only please Realtors.

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Detail Ic Property Details

Property Type : Land

Price : $4,500,000

AD Id : 91475529

MLS Id : 10852692

Lot Size : 46.50 Acres(Lot)

Tax Amount : $8,789

County : Hamilton

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Feature Features

  • Water/Sewer

    Water Source: Well Sewer: Septic Tank
  • Utilities

    Electricity Available,Sewer Available,Water Available

  • Lot Information

    Lot Size (Acr): 46.5 Lot Size Source: Public Records Lot Features: Private
  • Property Information

    Property Type: Land Property Sub Type: Residential Lot Subdivision: None City: Chattanooga State: TN Directions: 153 South (dam / Hixson toward I-75) Exit 2 - Shallowford Road Right on Shallowford (toward the airport) At the light, a left will put you onto Airport Road, turn Right onto Caine Lane. Graceland Trail will be on your left just past 4017 Caine Lane, the sellers personal home NOT for sale. Property Status: New

  • Listing Price Information

    Original List Price: $4,500,000

  • Tax Information

    Annual Tax: $8789 Tax Year: 2025

  • School Information

    Elementary School: Harrison High School: Brainerd Middle School: Dalewood Source Neighborhood: None
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Nearby Home Value

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8016 Standifer Gap Road, Chattanooga, TN, 37421 $125,000 -- -- -- 1.90 Acres(Lot)
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 09:46

MLS: 10852692 LISTED BY: Brian Kelly, Real Broker LLC 855-450-0442 SOURCE: Georgia MLS

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