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40 Mahan Ln, Elmwood, TN, 38560

5beds
--baths
240sqft
$949,900
$3,958price/sqft
$5,678/moest. monthly cost
$227,120/yrincome needed

About This Home

THE PINNACLE AT MAHAN LANE | 40 Mahan Lane, Elmwood, Tennessee — Rising to approximately 930 feet above sea level, this remarkable property features panoramic 360-degree views from its highest peak, exceptional vantage point. Welcome to one of Middle Tennessee’s most extraordinary ridge-top properties. Encompassing 63.54± surveyed acres at Sullivan’s Bend, this tract offers privacy, elevation, recreation, and breathtaking views overlooking Cordell Hull Lake.The centerpiece is an expansive upper meadow featuring a 5-bedroom approved build site with panoramic views stretching for miles. About 15 acres of open meadowland blend seamlessly into mature timber and rolling woodland. Several miles of established roads and trails provide exceptional access throughout the property for hiking, ATV riding, horseback riding, hunting, and exploration. Wildlife is abundant, with deer, turkey, small game, and Bald Eagles.Outdoor enthusiasts will appreciate boating, fishing, kayaking, and water sports on the 66-mile-long Cordell Hull Lake, with public boat ramps and docking facilities minutes away. Additional lake access via trails on Corps property preserves the protected views. Public water and electricity are available at the road. The property offers about 1,100 feet of frontage on Mahan Lane and about 600 feet on Sullivan Bend Road, with a recent survey available.Conveniently located about 55 minutes to Nashville International Airport, 15 minutes to Carthage, and 16 minutes to Wildwood Resort & Marina. Power and city water are at the road. The Pinnacle at Mahan Lane offers a rare opportunity to own one of the region’s most scenic private tracts. Experience Tennessee’s spectacular views, protected vistas, usable land, and privacy in one offering.Shown by appointment only. No value on the small camping cabin. Book your showing today with your proof of funds required prior to showing. Enjoy 3 years of Starlink service included with an acceptable offer.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
5/10
Smith County High SchoolGrades 9-125.1 mi
4/10

Construction

Condition

  • Year built: 2001

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: None

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Main level bedrooms: 5

Features

  • Flooring: Other
  • Finished area above ground: 240

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 240
  • Total interior livable area: 240 sqft

Property

Details

  • Parcel number: 041 02403 000
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Topography of land: Cleared,Level,Private,Rolling Slope,Views,Wooded

Lot

  • Lot size: 63.54 Acres
  • Features: Cleared,Level,Private,Rolling Slope,Views,Wooded
  • Lot size dimensions: 63.54

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,803$57,636
Home Insurance $360$4,320
Property Taxes $340$4,080
Electricity $175$2,103
Total$5,678$68,136

Income You'd Need if You Spent...

35% on housing$194,674/yr
40% on housing$170,340/yr
45% on housing$151,413/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.5%
7.5%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 5.2%
5.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$3,958This listing

vs Other Active Listings

Avg $/sqft

ZIP 38560$121
Smith County$169

vs Homes Sold Last Month

Median $/sqft

ZIP 38560$268
Smith County$214

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-31Price change$949,900
2026-06-11Listed for sale$999,000

For Sale by Agent

AgentJoseph Goodman CCIN
BrokerageRE/MAX Choice Properties

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