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$ 225,000
Est. payment | /mo
1.56 Acres Lot
$ 225,000
Est. payment | /mo
1.56 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Rhea County - 42
MLS Listing ID 1322198
HOA Fees $216/ann
Annual Tax Amount $898
Lot Size 1.560 Acres
Acres 1.56
Source East Tennessee REALTORS® MLS
Property Description
12 lots sold together as a package. Incredible investment opportunity in a lake-minded community on beautiful Watts Bar Lake.....Four of the lots can share a dock, offering rare and valuable access to one of Tennessee's most desirable lakes. Arrowhead Marina is just steps away, making this location a dream for boaters, vacationers, and outdoor lovers......Perfectly positioned between Spring City and Rockwood, TN, this area continues to grow with new construction homes built in recent years, proving its strong appeal and rising demand......The POA fees are unbelievably affordable at only $18 per lot per year. Short-term rentals aren't permitted, but 6-month rentals are allowed, which pairs wonderfully with the development potential these lots offer......With land so close to (and even directly on) the water becoming harder and harder to find at this price point, this 12-lot package stands out as a truly rare opportunity for investors, builders, or anyone dreaming of lakeside development.
Location
State TN
County Rhea County - 42
Area Rhea County - 42
Zoning Zoned Residential
Direction From Spring City take 27N to right on Rocky Springs. Pass Arrowhead Marina; enter Apollo shores
Building
Lot Description Rolling, Rolling Slope
Others
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
Listed by Realty Executives Associates
NEARBY SCHOOL & BUSINESS
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Shawn Wilmoth, CCIM
Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN 37922, United States