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Posted on: October 24, 2019

Eagles Rest Farm Property has Sold for over $25 Million

Eagles Rest Farm (Photo: Mossy Oak Properties)

'A "pristine, legacy" estate known as Eagles Rest Farm in Thompson's Station near Franklin sold this week to an undisclosed buyer, following years of discussions about redeveloping the site with hundreds of homes and a golf course. 

The 686-acre, mostly undeveloped property attracted the second-highest-ever price tag for a residential property in Williamson County, according to a joint news release from representatives of the buyer and seller. 

It sold for between $25 million and $28 million, according to the release. Property deed information about the sale is not yet available.... 

..."Our town is working really hard to not get run over by development," said Mayor Corey Napier. "We're in the fastest growing corridor in Williamson County with easy access to amenities of greater Nashville. It's pretty easy to understand the calculus people are doing when they're looking to settle in this part of the world. They're clamoring for a piece of the dream."

If the new buyer wants to develop something different than the plans already discussed, they will have to start negotiations from scratch, Napier said. On the other hand, if the developer wants to build the community already tentatively approved, they will first have to agree to the community benefits plans before beginning work. 

"We would be perfectly happy with it being green space for another 100 years," Napier said. "If it's not done to the quality and criteria we stipulated, we're perfectly content to maintain the land. We're being very pragmatic about controlling the growth." ...'


-- per Sandy Mazza with the Tennessean

Tennessean Article...
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