OFF MARKET

Off market jan 2025 for $625K

$481,765

Est. refi paymentEst. refi $5,228/mo

•

2,828

sq ft

503 Slippery Elm Cir, Butler, TN 37640

About this home

Nestled in a secluded, gated community of Heartwood with its stunning views of Watauga Lake and Grandfather Mountain, this furnished mountain home offers unmatched privacy surrounded by lush, mature trees. The property features two identical living quarters, each with a living room, full kitchen, bedroom, and bath—ideal for multi-generational family living or creating separate guest spaces. Upstairs, two oversized bedrooms share a large Jack-and-Jill bathroom, offering comfort and flexibility. Both living areas feature cozy wood-burning fireplaces, perfect for gathering, while the wraparound deck and gazebo provide serene spaces for outdoor relaxation amidst nature's beauty. As fall approaches, this home becomes even more picturesque, with the vibrant colors of the changing leaves creating a breathtaking backdrop. Ideal for a full-time residence, weekend retreat, or Airbnb vacation rental, this property is a versatile investment. Located close to Watauga Lake, the Appalachian Trail, and nearby ski resorts, outdoor adventures are always within reach. Whether you're seeking to accommodate extended family or offer private guest quarters, this home provides the perfect balance of separate living spaces and communal areas for enjoyment and connection. This serene mountain retreat blends privacy, nature, and comfort, offering year-round recreational opportunities in an exclusive setting. Ask your agent for details on a few items that will not be included with the sale.

Single-familyProperty Type

2006Year Built

3.69 acresLot Size

$170Est. Price/Sq.Ft.

Listed by Donaven Braun • Fathom Realty

Bought with Lisa Gilchrist • Copper Key Properties

Redfin checked: 2 minutes ago

•Source:TVRMLS #9971071

Redfin Estimate

$481,765

$143K since sold in January 2025$59K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 61.8% lower than the average sale price ($1.26M) of 6 comparable homes.

SOLD JUL 29, 2026
$275,000
A
2 beds3 baths2,318 sq ft
31 Barlow Rd, Elk Park, NC 28622
SOLD OCT 2, 2026
$800,000
B
3 beds3.5 baths2,754 sq ft
109 Lonesome Pine Trl, Butler, TN 37640
SOLD OCT 2, 2026
68 Fernwood Trl, Elk Park, NC 28622
$1,640,000
C
4 beds3.5 baths2,569 sq ft
68 Fernwood Trl, Elk Park, NC 28622
SOLD MAY 29, 2026
$900,000
D
3 beds2.5 baths2,202 sq ft
248 Cable Hollow Rd, Butler, TN 37640
SOLD JUL 23, 2026
$2,250,000
E
4 beds4 baths2,766 sq ft
52 Great Sky Ct, Banner Elk, NC 28604
SOLD AUG 31, 2026
$1,700,000
F
4 beds3.5 baths2,983 sq ft
576 Eagle Springs Trl, Banner Elk, NC 28604

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$3,861/mo

Redfin rental estimate

List your home for rent

Market trends in 37640, TN

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.1%

+0.4% MoM

Median sale price

$467K

$183K MoM

Avg. days on market

59d

1 days MoM

Recently sold homes

3 MoM

New listings for sale

$299,000
4 beds1 bath1,656 sq ft
129 Dugger Hollow Rd, Butler, TN 37640
$329,000
2 beds2.5 baths1,534 sq ft
141 Terrace Private Dr, Butler, TN 37640
$79,000
3 beds1 bath1,216 sq ft
Butler, TN 37640
FOR SALE BY OWNER
$199,000
— beds— baths— sq ft
33 High Meadows DR, Butler, TN 37640
FOR SALE BY OWNER
$274,900
3 beds2 baths1,107 sq ft
4258 Pine Orchard Rd, Butler, TN 37640
$675,000
3 beds3 baths2,855 sq ft
2899 Lakeview Dr, Butler, TN 37640
See all

Provided by Redfin

Sale history for 503 Slippery Elm Cir

Date

Event

Price

TVRMLS #9971071

Jan 6, 2025

Sold

$625,000

$221/sq ft

Nov 5, 2024

Contingent

—

Oct 19, 2024

Delisted

—

Sep 11, 2024

Listed

$649,000

$229/sq ft

TVRMLS #9911028

Nov 24, 2020

Sold

$365,000

$129/sq ft

Jul 29, 2020

Listed

$369,000

$130/sq ft

+65

DREAMING of your very own James Bond mountain retreat? Welcome to the ''SKYFALL'' tree house, in East Tennessee. It is not really in a tree but the exterior is Poplar bark shake siding. Blend in to the beautiful wooded landscape of paradise. There is plenty of grassy areas for children and pets to play too! This Quality built home was originally built for the developer of Heartwood. It is now used as a single family home but was originally built to accommodate 2 families. The common entry offers separate or combined living quarters. Each wing of the downstairs has Great room w/ fireplace, kitchen, large master suite with private balcony. Hardwood floors, Granite counter tops, stainless steel appliances and wonderful log slab bar. Upstairs has full bath with 2 very large bedrooms. The home comes Exquisitely FULLY FURNISHED. Relax on the full length veranda and watch the wildlife pass through the yard. Or take a siesta on the hammock in the pergola/gazebo that would also be perfect for outdoor dining or a hot tub. If you love privacy this 3.69 acre lot is the ultimate in privacy located in the gated community of Heartwood which offers privacy and security. Quiet surroundings so you will find peace & tranquility. Convenient to Appalachian Trail, Biltmore Estates, Grandfather Mountain, Bristol Speedway, Beech and Sugar Mountain snow skiing and so much more. A Short Drive to Butler for a workout at Butler Fitness, or Enjoy a Country Meal at Shirleys, and Dock your Boat at One of Several Local Marinas. Bark siding has a life expectancy of 80 yrs no maintenance. WATCH THE 3 VIDEOS. HIGH SPEED INTERNET PROVIDED BY HUGHESNET (SEE LAST PICTURES). Hard Land Telephone Line Available from Century Link at the house. TEMP CONTROL BY ECOBEE VIA PHONE (SEE PICTURE). Contact Listing Agent for Details. Buyer/Buyers Agent to verify all information.

TVRMLS #361527

Jul 13, 2015

Sold

$195,000

$69/sq ft

Apr 27, 2015

Listed

$199,500

$71/sq ft

+13

Public Records

Aug 4, 2005

Sold

$75,000

$27/sq ft

Public Records

May 8, 1999

Sold

$19,600

$7/sq ft

Tax history for 503 Slippery Elm Cir

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3.69 Acres

Year renovated

2006

Sq. Ft.

2,629

Year built

2006

Style

Single Family Residential

County

Johnson County

APN

069 02408 000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2026.

Property details

Parking

Parking/Garage Information
Parking Features: Gravel

Interior

Bathroom Information
# of Full Bathrooms: 3

Heating & Cooling
Has Cooling
Cooling: Heat Pump
Has Heating
Heating: Fireplace(s), Heat Pump

Interior Features
Interior Features: Bar, Granite Counters
Window Features: Double Pane Windows
Flooring: Hardwood
Has Fireplace
# of Fireplaces: 2

Room Information
# of Rooms Total: 11

Exterior

Exterior Features
Roof: Shingle

Building Information
Structure Type: House
Levels: Two
Construction Materials: Wood Siding

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Residence

Lot Information
Lot Size Dimensions: see acres
Lot Size Area: 3.69
Lot Size Units: Acres
Lot Size Acres: 3.69
Zoning Description: Residential

Utilities

Utility Information
Water Source: Shared Well
Sewer: Septic Tank

Location

HOA Information
Has Homeowners Association
Association Fee: $800
Association Fee Frequency: Annually
Derived Association Fee (Monthly): $66.67

Schools Information
Elementary School: Little Milligan
Middle Or Junior School: Little Milligan
High School: Hampton

Location Information
Directions: From Hampton, go east on Hwy 321 / 67 towards Butler (9 miles), then turn Right onto 321, follow to the Elk Mills Store (7 miles). Turn right onto Poga Rd., turn right onto Heaton Branch Rd. Continue 4 miles up to the gate. Continue on Heartwood Ln to the next Circle-landing, sharp left see sign.
Subdivision Name: Heartwood

Community Information
Community Features: Gated

Public facts

Beds: —
Baths: 3.0
Sq. Ft.: 2,629
Stories: 2.0
Lot Size: 3.69 acres
Style: Single Family Residential
Year Built: 2006
Year Renovated: 2006
County: Johnson County
APN: 069 02408 000

Home facts updated by county records on Jul 20, 2026

Around this home

Schools

Cloudland Elementary School

Public PreK-6 • Assigned • 5.8mi

6/10

Cloudland High School

Public 7-12 • Assigned • 5.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

1/10 Heat Factor

0 hot days expected this year, 0 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Butler, TN • 37640

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 4.8 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$458,000 – $555,000

Sell confidently with a local market expert in Butler. 3 minutes to get started.

Nearby similar homes

$189,900

3 beds1 bath2,500 sq ft

128 Dan Berry Hill Rd, Elizabethton, TN 37643

NEW CONSTRUCTION

$259,000

1 bed1 bath900 sq ft

174 Teaberry Rd, Roan Mountain, TN 37687

3D WALKTHROUGH

$4,600,000

4 beds3 baths4,103 sq ft

151 Jordan Ln, Mountain City, TN 37683

$224,900

2 beds2 baths1,248 sq ft

348 Piercetown Rd, Butler, TN 37640

$259,000

3 beds2 baths1,796 sq ft

6539 Big Dry Run Rd, Butler, TN 37640

$229,900

3 beds1 bath1,008 sq ft

778 Poga Rd, Butler, TN 37640

New listings for sale in 37640

$299,000

4 beds1 bath1,656 sq ft

129 Dugger Hollow Rd, Butler, TN 37640

$329,000

2 beds2.5 baths1,534 sq ft

141 Terrace Private Dr, Butler, TN 37640

$79,000

3 beds1 bath1,216 sq ft

Butler, TN 37640

FOR SALE BY OWNER

$199,000

— beds— baths— sq ft

33 High Meadows DR, Butler, TN 37640

FOR SALE BY OWNER

$274,900

3 beds2 baths1,107 sq ft

4258 Pine Orchard Rd, Butler, TN 37640

$675,000

3 beds3 baths2,855 sq ft

2899 Lakeview Dr, Butler, TN 37640

Home values near 503 Slippery Elm Cir

Data from public records.

Address	Redfin Estimate
708 Heartwood Ln, Butler, TN 2 Beds \| 1.5 Baths \| 1406 Sq. Ft.	$492,228

Address	Redfin Estimate
400 Chestnut Cir, Butler, TN - Beds \| 3 Baths \| 2556 Sq. Ft.	$468,748

Address	Redfin Estimate
1202 Mays Ridge Rd, Butler, TN 6 Beds \| 4.5 Baths \| 4346 Sq. Ft.	$813,544

Property information provided by TVRMLS when last listed in 2024. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for rent in Carter County	Agents near me	Brentwood, TN homes for sale	Carter County Housing Market
Houses for sale near me	Nashville, TN homes for sale	Memphis, TN homes for sale
Land for sale near me	Franklin, TN homes for sale	Murfreesboro, TN homes for sale
Open Houses near me	Knoxville, TN homes for sale	Carter County Property Records
Condos for sale near me	Chattanooga, TN homes for sale	TN New Listings

Elizabethton homes for sale
Bristol homes for sale
Johnson City homes for sale

Buncombe County homes for sale
Sullivan County homes for sale
Watauga County homes for sale

About this home

Redfin Estimate

Earn from this home

Market trends in 37640, TN

Sale history for 503 Slippery Elm Cir

Tax history for 503 Slippery Elm Cir

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 37640

Home values near 503 Slippery Elm Cir

More real estate resources