THIS FEATURED PROPERTY IS NOW UNDER A PENDING CONTRACT.
If you have been on Cherokee Lake, like a lot of us, you have seen these mysterious sections of undeveloped land and wondered who owns them. Are they TVA owned? Privately owned? How can such lakefront land not be owned by someone? And why are they not developed, when prime land fronting Cherokee Lake has become so scarce? As the saying goes, they just ain’t building any more of it.
Well, this 57-acre parcel is one of these undeveloped, privately owned gems. 2,475 feet of prime Cherokee Lake main channel land between Cherokee Dam and Panther Creek State Park, owned by the same family since 1961. And for the first time in over sixty years available for sale now. Wow!
Consisting of 6 parcels of land. Sales price is for all of the 57 acres. Main parcel consists of 53 acres. Parcels may be priced separately, call for information.
Unlike some lake property that is for sale out there, this is main channel water. For those that don’t know Cherokee Lake, and what this means – the water does not go away as TVA drops water levels in the fall and winter months. It does not disappear or dry up because it is at the tail end section of Cherokee Lake like some properties. Or vanish because the land sits on a cove. This is year-round water. There is nothing like this parcel of land available for sale on Cherokee lake. Nothing. Go look at other land for sale during the fall and winter months. There is no comparison. This is Cherokee Lake main channel land, year-round.
And, what a prime location for future residents. Tennessee, a state that has NO State Income Tax and some of the lowest property taxes in the nation. Property is less than 6 miles to Walmart, Chili’s, and Texas Roadhouse. 10 miles to health care and hospitals. You get the idea. Close to everything.
So, who’s a buyer? A family that wants to create a family compound? An investor? A developer looking for unrestricted non-HOA controlled land to build homes, townhomes, condominiums? Possibly a campground? We’ll find out!
ADDITIONAL PHOTOS AND DETAILED INFORMATION CAN BE VIEWED AT ZILLOW.COM