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Watauga Lake -East TN 164 A 5400' frontage
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Lake Name:
Watauga
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Area:
6430 Acres
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Price:$
5,500,000
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Location:
Butler
Tennessee
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MLS#:
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DRASTIC PRICE REDUCTION FROM 7.2MM TO 5.5MM
*******OWNER FINANCING AVAILABLE********
Watauga Lake is the crown jewel of the TVA system, the first in the chain, and the third cleanest lake in the US. Arising in the Appalachian Mountains and bounded by the Cherokee National Forest, near North Carolina-Tennessee border this pristine 6430 acre lake at 1960 ft elevation has 110 miles of shoreline, about 10 of which are privately owned. This 164 acre tract with 5400' of frontage is the only available large acre tract of land with significant frontage on the lake. It lies on an undeveloped peninsula between the Elk and Watauga Rivers, which create the main channel. The tract is totally covered with a variety of massive native hardwoods, hemlock, and white pine trees, and has not been logged in over 75 years. There is a paved county road access to the property from Sugar Hollow Road, and an excellent rock road coursing through the property. There are breath taking mountain and lake views from atop its wooded ridges and along its entire panoramic lakeshore. Located just 25 miles from historic Boone, NC and 35 miles from Banner Elk, Grandfather Mtn., Linville, and Blowing Rock, there is limitless shopping, 5 star restaurants and resorts just minutes away. Abundant class A trout streams, whitewater rafting, canoeing, skiing, and golf courses are less than an hour away. Major metropolitan population within a 200-mile radius is 5 million, and extending to 300 miles it exceeds 12 million. Excellent development potential with over 50 TVA boat slips available or exclusive private estate. Recent surveys and topo.
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