Former Falcon Ridge golf course. 386+/- acres w/12 residential lots, 150+/- acres of hardwood timber, several small ponds @ 2 gorgeous spring fed lakes. Large lake is approximately 20+/- acres in size and the smaller is 11+/- acres. The lakes are stocked, very clear, and are kept at full levels year round by the springs. All water, electrical and sewer facilities are in place, as well as paved roads and cart paths. Located conveniently between Memphis and Nashville. Res development potential.
From I-40 take exit 101 and head northwest on Hwy 104 for .4 miles. Take a right on Mt Gilead Rd and travel 2.6 miles. Turn right on Peregrine Pl at the gates to Falcon Ridge. Follow Peregrine Pl for .8 miles to Woodsedge Cove.
The approximate monthly Principal & Interest payment for this property would be $4,301. This payment is based on a 30-year loan at a fixed rate of 3.85 % with a down payment of $96,500. Actual lender interest rates and loan programs may vary.
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