Country music singer and actress Reba McEntire’s former estate outside Nashville, Tennessee, that was turned into an event venue is on the market.
Nashville-based Infinity Properties is testing investor appetite for a lodging and event venue in one of the hottest metropolitan areas of the country.
The Estate at Cherokee Dock includes the mansion where McEntire lived for 25 years until selling it and the surrounding property five years ago. It sits on 18 acres along Old Hickory Lake in Lebanon, about 35 miles east of downtown Nashville.
Carrying a sale price of $13.25 million, the listing is being pitched as a sale-leaseback. Event planning company Infinity Hospitality, a sister company to Infinity Properties, plans to sign a 10-year triple-net lease with a potential buyer. With the lease, Infinity Hospitality will cover all the operating expenses on the property such as taxes, insurance and maintenance.
In addition to the 13,000-square-foot mansion built in 1960, the property has three other houses, an event center, a carriage house with stables and a pool.
Infinity Properties bought the site in December along with the venue's assets and reservations from the previous owner. Since then, Nathaniel Beaver, Infinity’s owner, told CoStar News that much of the property has been renovated, including adding a commercial kitchen on-site.
“We had to make it a true five-star lodging and event venue,” Beaver said.
The property had once been part of the 83-acre Starstruck Farm that McEntire sold in 2017 for about $8 million to a real estate developer who split up the property for residential development. The developer quickly sold the mansion and 18 acres to a buyer who converted it into an event venue.
For the Record
Michael Havens, Madison Wenzler and Ronnie Wenzler, brokers with Cushman & Wakefield in Nashville, have the listing.