The Bee Gees' Barry Gibb and his wife Linda bought the former home of Johnny and June Carter Cash in December 2005 with plans to restore the 13,880-square-foot home on Old Hickory Lake near Nashville. Those plans were dashed 16 months later when a preservative compound ignited and the home was destroyed by fire. Plans were made to build a new house and preserve the original foundations of the home, according to the Gibbs at the time.
The Gibbs bought the 7 bedroom home and property (on a 4.6-acre lakefront lot) for a reported $2.3 million. It was sold to Lakehouse Holdings, a Tennessee limited liability company, The Tennessean reported, in March.
Built in 1968, the house was home to Johnny and June Carter Cash for 40 years. In Walk the Line, the 2005 film biography starring Joaquin Phoenix and Reese Witherspoon, it played a huge role.
Johnny and June Carter Cash died in 2003.
With no plans for the property being announced, speculation as to what the holding company will do with it are abundant. With the property consisting of four lots and zoned suburban residential, per city planner Lisa Milligan, current city codes would allow one single-family home to be built on each of the four lots purchased, provided the owners meet all other requirements like set-backs.