Property Description

Waterfront acreage in a gated community for under $70,000! Rare opportunity to own two adjoining lakefront lots totaling 1.56 acres in the highly desirable Chelaque Estates on beautiful Cherokee Lake in East Tennessee. Enjoy the privacy and security of this scenic gated community while building your dream home or vacation retreat. These wooded waterfront lots offer incredible potential with a preliminary determination from Tennessee Valley Authority (TVA) indicating the property may have the necessary land rights to obtain a dock permit; however, the buyer must apply directly to TVA for official approval. Located within a day's drive of most major cities east of the Mississippi, this stunning property offers both seclusion and convenience. Easily accessible from multiple interstate highways, making it an ideal getaway or year-round residence. Imagine waking up to sweeping views of the Cherokee Lake and the majestic mountains every day. The properties are ideally situated near Chelaque's picnic area and boat ramp, offering endless opportunities for outdoor adventures. Chelaque Estates is packed with exclusive amenities to enhance your lifestyle, including a boat ramp, dock (slips available for an additional fee), a picnic pavilion, and a pickleball and basketball court. The same owner also has two adjoining lots available. If additional acreage is desired, the seller is willing to negotiate a more favorable price with the purchase of one or more of the neighboring parcels. The community is designed for site-built homes with a minimum of 1,400 square feet of heated living space, ensuring your home will blend perfectly with the natural surroundings. HOA fees are $690 annually per lot. With electric, cable, telephone, and high-speed internet already available at the road. A well and septic system will be needed for full development. Buyer's agents and buyers to verify all information. Whether you're looking to retire to East Tennessee or build your forever home in a tranquil, nature-filled setting, this property offers a rare combination of breathtaking views, abundant wildlife, and unmatched peace and quiet, all while being close to modern conveniences. The beauty of Cherokee Lake, the charm of Chelaque Estates, and the serenity of East Tennessee await you.

Property Features