Elder Mountain mansion sells for $4.9 million as sales of million-dollar homes in Chattanooga area continue to grow

Home previously sold for $4.6 million in March

Photo by Jesse Hunter/@TeamMediaServices / The Mills home on Skillet Gap Road boasts the best of amenities and unrivaled views of the Tennessee River Gorge.

For the second time in the past five months, an Elder Mountain mansion has sold at a record high price.

A Houston family, which created a limited partnership known as SFSG Real Estate Holding LLC, bought the home of the late Sharon Mills last month for $4.9 million -- the highest price ever for a residential property in the Chattanooga area.

The 11,266-square-foot home was built in 1998 on 26.5 acres overlooking the Tennessee River Gorge. The mansion previously sold in March for $4.6 million after going on the market a year ago with an initial sales price of $7 million.

But after acquiring the property earlier this year, the previous owner from California decided against moving into the home and put the house back on the market.

Jay Robinson, a Chattanooga real estate agent with Keller Williams who was the top-selling agent in Chattanooga last year for residential properties, sold the Mills' mansion both times this year.