Perched on a conspicuous and large hilly lot just above Fort Loudoun Lake, the 9,017-square-foot home at 1209 Scenic Drive in Sequoyah Hills has unobstructed late fall views.

The site has become even more noticeable in recent days because of yard signs announcing that the large white home is for sale for the first time in about 60 years, with Realtor Lucas Haun at Keller Williams Signature listing it for $3.5 million. Despite the limited group of potential buyers due to its price, it already has a pending contract, according to Haun’s website.

Some old city directories on file at the McClung Historical Collection downtown reveal that the home had been owned in recent decades by the family of the late surgeon Dr. G. Turner Howard Jr., whose wife, Sue, died this past June.

It was built in 1925 by noted Knoxville banker, businessman and civic leader Joseph Gaut, who called it “Kenwood,” perhaps an ode to the family’s connection to Kentucky.

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Joyce Tapscott, a luxury property specialist with Coldwell Banker Wallace who grew up in Sequoyah Hills, calls it one of the signature historic properties in that neighborhood.

“This is one of the icons of Sequoyah Hills,” she said. “It has the iconic architecture with beautiful grounds that people love and appreciate.”

Tapscott’s research found that Emma Gaut, Joseph Gaut’s wife who grew up in Louisville, had some beautifully…