Willie Nelson's Former Tennessee Ranch That Inspired Hit Song Sells for $2.1 Million

A Tennessee property that once belonged to country legend Willie Nelson has officially found a buyer.

The peaceful countryside property was listed in October for $2.5 million and has now sold for $2.14 million, PEOPLE can confirm. Located just 30 minutes outside of Nashville, it features a three-bedroom log cabin that was built by Nelson. It has only ever had two owners — Nelson and the current residents.

While the 150-acre estate is equipped with two ponds, a hay barn and rolling pasture views, perhaps its most notable detail stems from its history when the country singer still lived there.

In 1970, the cabin famously caught fire while Nelson wasn't home. When he returned and saw it ablaze, he ran into the burning structure to rescue his beloved guitar "Trigger" and a "pound of weed." After the incident, he earned the infamous nickname, "Shotgun Willie," which also inspired the song.

Matt Lawson and Ross Welch of Zeitlin Sotheby's International Realty held thelisting.

Looking inside the home, there's a cozy living area equipped with a fireplace and ample space for seating. An eat-in kitchen offers views of the surrounding greenery.

The secluded cabin has two bedrooms and a third loft-style space that overlooks the living area.

Outside, the classic log exterior adds to the home's rustic charm. The surrounding woods offer a variety of hiking trails.

In September, Nelson opened up about the hardships of losing his drummer and lifelong friend, Paul English, back in February 2020. The country star chronicled his relationship with English in the heartfelt memoir Me and Paul: Untold Stories of a Fabled Friendship, detailing how his late friend was one of his confidantes for more than six decades.

While Nelson included fond, even humorous, memories that he shared with English in the book, he also unveiled the important role his friend had in helping him through his suicide attempt after hitting a low point in his carrer.

"Looking back over my life, my early days in Nashville were a definite low point. I'm not one to easily fall prey to depression, but depression had me in its grips," he wrote.

He then detailed the ways English helped him regain his footing afterward. In 1963, Nelson even formed a new band with his late ex-wife Shirley Collie, and released his first album, after receiving encouragement from English.

"The release of this first album, despite its meager sales, did wonders for beating back the blues. It brought out that hustler energy," the singer added. "When I'd arrived in Nashville two years earlier, that energy had been exhausted. I felt revitalized by a new marriage and a new career."