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A house owned by Johnny and June Carter Cash is on the market for nearly $4 million. Realtors doubt it will sell as an individual home, so has been promoted as a property which can be broken up by developers and they resold in pieces

The house sits on the shore of one of Tennessee’s largest lakes, one which is man-made. The property, at 200 Caudill Dr, in Hendersonville has 4.49 acres and 1,000 feet of lake frontage on the Old Hickory Lake and the Cumberland River, which was created with the building of the Wolf Creek Dam in 1952. The asking price for the property is $3,950,000.

According to Realtor.com, “The famed home on 4.49 acres on Old Hickory Lake is now being promoted as a development opportunity. There are four 1-acre parcels, each with lake frontage and a harmonious pedigree.” According to the website, it has been on the market for 346 days. Among the drawbacks it has as a single family home is that it has only one bedroom and the inside measures only 546 feet.

Hendersonville has a population of just over 54,000. With the development of the lake, the figure exploded from 412 people in 1970 to 26,561 a decade later, and since then it has doubled. The median household income for the city is $50,108, somewhat below the national average. However, the poverty rate is 6.2%, less than half the national average. Almost 93% of the people who live in the city are white.

One of the drawbacks of the areas is worry about a major flood. The Wolf Creek Dam has had leaks. Heavy rain can increase the level of the river. The Cash house is barely above the normal water line.

Several Nashville country music stars have had homes in Hendersonville. These included Conway Twitty and Roy Orbison. Cash was an important enough resident that the main street in the city was named Johnny Cash Parkway. If developers do break up the land on which Cash’s home sits, his 50-year-old house will disappear.