See inside Tennessee’s most expensive home at $65 million, just outside Nashville

This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees.

Twin Rivers Farm could break records as Tennessee’s priciest home if it fetches its $65 million asking price. 

The property is located just 30 miles southwest of Nashville in the suburb of Leipers Fork, known for attracting high-net-worth individuals and celebrities such as Justin Timberlake and Nicole Kidman.

“It’s one of the most significant real estate holdings in the Southeast,” listing agent Dan McEwen with the McEwen Group told CNBC for the upcoming “Cities of Success” primetime special, airing Dec. 6 at 10 p.m. ET.

According to McEwen, the estate’s sheer size, unfolding over 383 acres, and its unique amenities such as a man-made private fishing lake, help it command the eight-figure asking price.

The previous record for the most expensive home sold in the state, set in 2010, stood at $28 million.

“Over the last 20 years, the real estate market here has changed drastically. It’s been mostly because of out-of-state buyers, out-of-state families that have settled here in Middle Tennessee and invested in Middle Tennessee,” McEwen told CNBC.

The number of millionaires in the Nashville area increased more than 70% since 2019 to north of 116,000, according to research firm Wealth-X, an Altrata company. There are now more than 1,000 people in the Nashville area with a net worth over $30 million.

The migration wave has seen residents relocating from New York, Illinois and California. McEwen credits the region’s low costs, lack of income tax, moderate climate, low crime and culture with drawing new families.