Are you looking for a great piece of land in Monterey to build your new home? Or maybe you’re looking to build a holiday home to enjoy what Tennessee offers? This 2.73-acre lot could be exactly what you need!
Located on a dead-end road, this land is heavily wooded and provides privacy and the ultimate getaway from city life. Follow the gravel road and electricity lines running near the land from Ashburn Road to find the metal fencing that marks the entrance to the land. With 117 feet of road frontage, available water, and septic facilities, this land is just waiting for the right owners!
Access to the land is currently through the front, and the right of way is on the newly recorded deed. However, there is also a road on the back end of the property that just about reaches the edge of the property line. The previous owner did not approve this second access, but it can be easily done if required.
This piece of land is perfect, providing privacy and easy access to Monterey, Cookeville, and Crossville if you want to go shopping or head to a restaurant. Monterey is a town in Fentress County with less than 18,850 people.
The Monterey area is well-known for many reasons. It has a fascinating history and was once the “Golf Stick Capital of the World” thanks to its production of hickory golf sticks! This scenic mountain town has one of the ten destinations in the U.S.—Meadow Creek Park—to receive a national rock climbing conservation grant. So, if you want to enjoy the outdoors, scenic landscapes, and fresh mountain air, it doesn’t get much better than Monterey.
This piece of land in Monterey, TN, holds the potential to become a secluded getaway from bustling city life. With so much to see and do in the surrounding areas, you can either live there permanently or build the perfect vacation home to relax.
Easement: The right of way is on the new recorded deed as well. There is also a road on the back side of the property that almost reaches the edge of the property line. The prior owner said he researched it and it was short, but not by much. He said he intended to get that second access approved, but just never followed through with it.
This land is located in an opportunity zone; (Learn More) (Tax Benefits Opportunity Zone)
In a nutshell, Opportunity Zones are low-income districts that have historically been distressed and in need of revitalization. They’re set aside by the U.S. government as areas where private investors can receive significant tax breaks and deferrals for their investments.
Investors can put money into a variety of projects, including businesses, real estate, infrastructure, or pretty much anything else that the IRS deems beneficial to the community. For example, if an investor has capital gains from a stock sale, they can re-invest those funds into an Opportunity Zone project—and defer any taxes on those gains until 2026. On top of that, if the investor holds onto the investment for at least ten years, then they get to claim all of their deferred gains tax-free! That’s right: no taxes on your initial deferred gains AND no taxes on any additional capital gains you make off the investment.
About Monterey, TN
Monterey was a settlement built around a landmark known as the Standing Stone. This landmark was a guidepost for travelers and also served as a boundary marker between the Cherokee and Shawnee lands. The Standing Stone was blown up when they were preparing the railroad, but a fragment was saved and is still present in Whitaker Park. The Standing Stone Monument represents the rich history of Monterey since before the railroad development, and is still the centerpiece of celebrating Native American Heritage in the area.
You can find Monterey on the Cumberland Plateau between Nashville and Knoxville. The town has become known as Fentress County’s mountain town, with majestic landscapes, one-of-a-kind shops, and several outdoor escapes. Whether you like hiking, rock climbing, or mountain biking, the town has several facilities that will satisfy any outdoor enthusiast. This is what makes the area perfect for a holiday home.
Monterey Claims to Fame
Monterey’s Meadow Creek Park is 1 of only 10 destinations in the U.S. to receive a national rock climbing conservation grant.
Was once the Golf Stick Capital of the Worlds. Made from hickory!
Featured on the Outdoor Channe’s Fishing University in 2017
About Fentress County, TN
As much as Monterey is a part of Putnam County, this land falls under Fentress County, thanks to the county lines. Fentress County was formed in 1823 and was the site of important saltpeter mines in its early years. The saltpeter mined in Fentress County was used to create gunpowder for the Civil War. Nowadays, Fentress County is known for its incredible parks, rivers, and homegrown restaurants. It’s an all-American county with beautiful sights, museums rich in history, and towns that people love!
Driving Directions
This piece of land is easy to find. If you’re coming into the area from Crossville, TN (Driving Directions)
1. Head northwest on US-127 N/N Main St toward W 5th St.
2. Turn left onto TN-62 W
3. Turn left onto Ashburn Rd
4. Turn right to stay on Ashburn Rd
5. Turn left onto Old Rinnie Rd, and you can’t miss the metal fencing at the entrance to the property.
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