8150 Pelleaux Rd, Knoxville, TN 37938

New
$3,200,000
Property Type: Single Family Bedrooms: 2 Square Footage: 1,350 Lot Size (sq. ft.): 1,762,438 Status: Active
Current Price: $3,200,000 List Date: 7/01/2026 Last Modified: 7/01/2026

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# 1346602

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

Type
Basement Ranch
Lot Dimensions
40.46 acres per Knox County Records
Acres
40.46
Acre Source
Tax Records
Site Built
Yes
Restrictions
No
SqFt - Total (Aprox)
1350
SqFt - Main Lvl
1350
# Bedrooms
2
Baths - Full
Yes
Baths - 1/2
Yes
# of Rooms
6
Fireplace
No
Property Status
N/A
HOA
No
Year Built
1963
Bonus Room
No
SqFt - Down Lvl
0
SqFt - 2nd Flr Lvl
0
SqFt - 3rd Flr Lvl
0
# Fireplace
0
Basement
Yes

Status Change Info

Status Change Date
2026-07-01

Location, Tax & Legal Info

Area
Knox County - 1
Property Sub-Type
Residential
City/County Code
County
Total Tax
783.6

Remarks & Misc

Directions
I-75 to Emory Road Exit 112 * Go East on Emory Road * Continue East approx 5 miles to Left onto US 441 Norris Freeway * Go approx 2 miles to Property on Left * Left onto Pelleaux Rd * Property is on the corner of Norris Freeway and Pelleaux Road. Sign on Property *
Public Remarks
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 holding cash flow while you navigate the engineering, permitting, and planning phases. Location convenience is unmatched for future residents, sitting directly next to Norris Freeway and just moments from the Halls Walmart, extensive shopping, medical facilities, restaurants, and top local schools. Capitalize on Knox County-only taxes and the soaring demand for residential density in this market--bring your concept plan and schedule your site tour today.

More Information

Fencing

Chain
Yes
Fenced Yard
Yes

Atchd/Dtchd Type

Detached
Yes

Style

Traditional
Yes

Construction

Brick
Yes
Frame
Yes

Siding

Brick
Yes

Fireplace

None
Yes

Cooling

None
Yes

Floors

Hardwood
Yes
Other
Yes

Garage/Parking

Garage Spaces
1
Attached
Yes
Basement
Yes
Off-Street Parking
Yes
RV Parking
Yes

Basement

Slab
Yes
Unfinished
Yes
Walkout
Yes

Lot Description

Corner Lot
Yes
Irregular Lot
Yes
Level
Yes
Pond
Yes
Private
Yes
Rolling Slope
Yes

Fuel

Electric
Yes

View

Country Setting
Yes
Mountain View
Yes
Wooded
Yes

Heat

None
Yes

Dining Area

Eat-in Kitchen
Yes
Kitchen/Dining Rm Co
Yes

Appliances

None
Yes

Other Rooms

Bedroom Main Level
Yes
Mstr Bdrm Main Level
Yes

Exterior Features

Cable Available (TV Only)
Yes
Porch - Covered
Yes

Misc Features

Washer/Dryer Connect
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Outbuildings

Barn
Yes
Storage Shed
Yes

New Financing

Call Listing Agent
Yes
Cash
Yes
Conventional
Yes
FHA
Yes
VA Loan
Yes

Showing

See Agent Instructns
Yes

Property Features

Style: Traditional Construction: Brick; Frame Siding: Brick Basement: Slab; Unfinished; Walkout Lot Description: Corner Lot; Irregular Lot; Level; Pond; Private; Rolling Slope View: Country Setting; Mountain View; Wooded Fireplace: None Floors: Hardwood; Other Fuel: Electric Heat: None Cooling: None Appliances: None Sewer: Public Sewer Water: Public Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level Misc Features: Washer/Dryer Connect Exterior Features: Cable Available (TV Only); Porch - Covered Fencing: Chain; Fenced Yard Outbuildings: Barn; Storage Shed Dining Area: Eat-in Kitchen; Kitchen/Dining Rm Co Showing: See Agent Instructns New Financing: Call Listing Agent; Cash; Conventional; FHA; VA Loan
IDX
Listing Office: Southland Realtors, Inc
Last Updated: July - 01 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 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 weekly, 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.