Thursday, June 8, 2017

The Sad Ballad of Johnny Cash’s Lakefront Property Is Looking Brighter

Johnny Cash

Michael Putland/Getty Images

Johnny Cash’s lakeside property in  Hendersonville, TN, is on the market for $3.95 million. The Cash family home was depicted in the Oscar-winning biopic “Walk the Line,” and Cash’s famous video for the song “Hurt” was shot in the home.

Recent chatter spurred interest in the property once owned by country music royalty.

“We had started talking about (the sale) with people, and it leaked out to the press,” says listing agent Stan Peacock with Crye-Leike  in Hendersonville, about 20 miles northeast of downtown Nashville. “We have put it on the market officially.”

The 4.5-acre fenced property, where Johnny and June Cash lived for most of their 35-year marriage, includes a renovated one-bedroom, one-bath apartment (which June had used as a wardrobe cottage), covered boat dock on Old Hickory Lake, guardhouse, two-car garage, and pool.

Unfortunately, it does not include the couple’s nearly 14,000-square-foot lakeside home, which burned to the ground in 2007. Johnny Cash had written many songs and entertained country music royalty there.

Remnants of burned home.Remnants of the burned home

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The apartment still stands.The apartment still stands.

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The couple bought the property in 1968, when they were newly married; they died only four months apart, in 2003. Singer and songwriter Barry Gibb, of the Bee Gees, bought the property in 2006 for $2.3 million. During a renovation, an accidental fire erupted and burned the house down to its stone chimneys, according to the Associated Press.

Texas businessman James Gresham bought the property in 2014 for $2.1 million. He had wanted to turn it into a facility for the treatment of eating disorders, but after locals protested and Gresham battled an unrelated illness of his own, he decided to sell the place.

“He’s decided to pass the torch,” says Peacock. “He’s very particular about who gets the property. He wants someone who will keep the legend alive. It’s an epic property.”

Peacock says someone in the music business—who’d keep the parcel intact and maintain the property as a tribute to the country music legends—would be a perfect owner. Gresham has turned down previous offers from developers who want to subdivide the property.

“We don’t want Johnny Cash condos,” says Peacock. “That would be pitiful.”

The post The Sad Ballad of Johnny Cash’s Lakefront Property Is Looking Brighter appeared first on Real Estate News & Insights | realtor.com®.



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