The Tennessee native has owned the protected swath of land in the village of Leiper’s Fork since 2015
BY LIZ LUCKING | ORIGINALLY PUBLISHED ON JUNE 21, 2024 | MANSION GLOBAL
Justin Timberlake has sold a large swath of Tennessee land. GETTY IMAGES FOR LIVE NATION
Justin Timberlake has just cashed in on runaway home price growth in Nashville, Tennessee, parting with an almost 127-acre swath of land on the outskirts of town.
Timberlake, 43, said “Bye Bye Bye” to the property at the end of May, selling it for $8 million. While that’s less than the $10 million asking price he’d attached to it when it listed last summer, it’s still twice as much as the $4 million he acquired it for in 2015, records show. The deal closed a couple of weeks before the singer’s DWI arrest in the Hamptons.
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Multimillion-dollar home sales have been booming in the Nashville metro in recent years, driven by an influx of transplants from cities like Los Angeles. The median sale price of a luxury home around Nashville was nearly $1.7 million in the first quarter of this year, an annual increase of more than 8%, according to the latest figures from Redfin.
The former ‘N Sync star and Tennessee native used a trust for the purchase, with an accountant—who is also tied to other Timberlake ventures—listed as trustee. The trustee didn’t respond to a request for comment. The new owner is listed in records as a limited liability company.
The property is just outside Leiper’s Fork.
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The parcel, which is reportedly protected against development, is on the outskirts of the village of Leiper’s Fork, where Timberlake has reportedly been involved in several local events and businesses over the years, including the Pilgrimage Music and Cultural Festival.
Spanning 126.63 acres, the land is home to a spring-fed fishing pond, miles of trails, pastures, spring creeks, and hunting opportunities, according to the listing with Tom Sullivan of Covey Rise Properties, who did not respond to a request for comment.
Timberlake bought the property from a local philanthropist and preservationist who told the Tennessean in 2017 that, “both of us share that love of Tennessee and enjoyed how we grew up, on land.”
