A working land brief for Kent — everything we're looking for, everything we've already ruled out, and where we want to hunt next.
Prepared for: Kent Caudill · Wilson Group Real EstateBuyers: Bob & Julie ManfrediEntity: Manfredi Holdings LLC (TN)Target close: Late summer – fall 2026Updated: July 20, 2026
The Vision
Not a house — a destination land business
We're building a multi-revenue homestead: short-term rental cabins, agritourism and a working farm (our farm brand Manfredi Provisions is already operating in Nashville), wellness retreats, and private events — with a foundation arm down the road. The land is the platform. That means we evaluate every parcel as a business site first: water, buildability, county rules, and access matter more than the house on it.
Phase
Active land search
Search history
18 months · 2 prior offers
Financing
Ag lender relationship in place
Flexibility
Month-to-month in Nashville — can move fast
The Buy Box
What we're buying
Budget — with structure
≤ $500K
Livable structure in any condition: farmhouse, barndo, cabin, shop apartment. Reach to ~$650K with creative / seller / assumable financing.
Budget — land only
≤ $250K
Raw-land ceiling $15K/acre. We price off comps & days-on-market, not asking.
Acreage
20–50 ac
Sweet spot. Will consider 5–100; under 20 only with exceptional features.
Radius
≤ 1.5 hr BNA
Dual-market bonus near Chattanooga or Huntsville.
Must-haves
Year-round water — creek, river, spring, or stock pond. Multiple sources ideal; seasonal-only needs a price concession.
Titled frontage on a public road — paved or maintained gravel, passable year-round.
STR + agritourism allowed — county verified before we tour.
Buildable terrain — flat to gently rolling, multiple build sites, no heroic grading.
No perc / septic infeasible · Raw land over $15K/acre
Moves a property up the list
Existing structure in any condition · Greenbelt-enrolled · borders state/federal land · wooded + pasture mix · multiple water sources · barns/outbuildings · views & elevation · fiber or fixed wireless · privacy · near tourism anchors (Dale Hollow, Fall Creek Falls, Center Hill, Big South Fork, Natchez Trace) · motivated sellers: 90+ DOM, price cuts, estates.
County Command Board
Where we want to hunt
We deep-researched eight counties across zoning, STR rules, land pricing, taxes, broadband, and tourism drivers, and scored each 1–5. Tier 1 is where we most want listings pulled.
County
Score
Status
Zoning
Land $/acre
Why / watch-outs
Overton
4.4
Top target
None outside Livingston
~$6,642 sold
Best freedom + value + STR gap (only 36 Airbnbs). Standing Stone SP, Dale Hollow.
Also open — not yet deep-researched:Lewis (no permits outside Hohenwald)HickmanMauryDicksonLawrenceDeKalb / Center Hill
Property Board
Where the pipeline stands
Tracking
34 Friendship Hollow Rd N — Pleasant Shade (Smith Co.)
5 ac · $149,000 · $29.8K/acre
Honest read: at the acreage floor and well over our $/acre ceiling — tracked, not loved. Kept as a live reference point.
Benchmark comp
Friendship Hollow Rd — Macon/Smith line
56 ac · $249,000 · $4,446/acre
What target-range land should cost — likely unimproved timber/pasture. This is the pricing bar we negotiate from.
Dead — lessons kept
305 Allens Creek Rd — Hohenwald (Lewis Co.)
~21 ac · asked $325,000
Offer pursued, didn't close. Taught us: price off USDA comps not emotion; infrastructure value ≠ acreage value; we now ask for real feasibility periods (30–45 days).
Dead — sold
6778 Deer Park Rd — Nunnelly (Hickman Co.)
12.5 ac · sold
Too small for the model anyway. Full due-diligence set kept as our Hickman pricing baseline.
The Ask
As we kick this partnership off — what we'd love first
Your Multi County alerts are already feeding our system daily — every listing you send gets parsed, scored against the buy box above, and ranked automatically. Here's how to aim the firehose:
Pull active listings in Overton, Wayne, and Fentress that fit the buy box — 20–50 acres preferred, water on the land, real road frontage. These counties are researched and pre-cleared; we can tour fast.
Flag motivated sellers — 90+ days on market, price reductions, estates — anywhere in the six active counties.
Anything with a livable structure ≤ $500K in an active county gets a look even if it's rough — a barndo shell or old farmhouse is a feature, not a problem.
Don't filter out raw land — up to $250K land-only works, and our financing is built for it.