Watauga Lake Getaway with Three Finished Spaces! Looking for a Watauga Lake getaway with room for family, friends, hobbies and outdoor living? This one-of-a-kind property offers three separate finished spaces on approximately half an acre directly across from beautiful Watauga Lake, with a public boat launch just across the street and two marinas within approximately 1.5 miles. At the heart of the property is a charming restored 1935 farmhouse originally located in Old Butler and moved to its present location when the Tennessee Valley Authority created Watauga Lake. The main cottage features two bedrooms, one spacious bath with laundry, original heart pine floors, an updated kitchen and bath, restored original details, newer heat pump, updated insulation, and a new roof and sheathing. But what makes this property truly special is everything beyond the main cottage. A separate finished party barn provides additional flexible space with a living area, kitchen, bedroom, full bath and garage-style door that opens to the outdoor entertaining area. A detached finished tiny house provides additional guest, studio or sleeping space. The fully fenced yard offers plenty of room for pets, gardening and gatherings, while the upper portion of the property provides elevated views of Watauga Lake. Enjoy mornings on the porch, evenings overlooking the water, and boating, fishing, kayaking and swimming just steps from home. Offered furnished with limited exclusions and no HOA, this distinctive property is ideal for buyers looking for a lake getaway, full-time residence, multi-space retreat or property with flexible guest and recreational areas. This is not simply a small cottage. It is an opportunity to enjoy the Watauga Lake lifestyle with multiple finished spaces and lake access right outside your door.
Watauga Lake Getaway with Three Finished Spaces! Looking for a Watauga Lake getaway with room for family, friends, hobbies and outdoor living? This one-of-a-kind property offers three separate finished spaces on approximately half an acre directly across from beautiful Watauga Lake, with a public boat launch just across the street and two marinas within approximately 1.5 miles. At the heart of the property is a charming restored 1935 farmhouse originally located in Old Butler and moved to its present location when the Tennessee Valley Authority created Watauga Lake. The main cottage features two bedrooms, one spacious bath with laundry, original heart pine floors, an updated kitchen and bath, restored original details, newer heat pump, updated insulation, and a new roof and sheathing. But what makes this property truly special is everything beyond the main cottage. A separate finished party barn provides additional flexible space with a living area, kitchen, bedroom, full bath and garage-style door that opens to the outdoor entertaining area. A detached finished tiny house provides additional guest, studio or sleeping space. The fully fenced yard offers plenty of room for pets, gardening and gatherings, while the upper portion of the property provides elevated views of Watauga Lake. Enjoy mornings on the porch, evenings overlooking the water, and boating, fishing, kayaking and swimming just steps from home. Offered furnished with limited exclusions and no HOA, this distinctive property is ideal for buyers looking for a lake getaway, full-time residence, multi-space retreat or property with flexible guest and recreational areas. This is not simply a small cottage. It is an opportunity to enjoy the Watauga Lake lifestyle with multiple finished spaces and lake access right outside your door.
TVRMLS #9995752
Aug 27, 2026
Price Changed
$324,900
$379/sq ft
Jul 28, 2026
Price Changed
$349,900
$408/sq ft
Jul 22, 2026
Price Changed
$359,900
$419/sq ft
Jul 17, 2026
Price Changed
$365,000
$425/sq ft
Jul 11, 2026
Price Changed
$369,900
$431/sq ft
May 27, 2026
Price Changed
$375,000
$437/sq ft
May 21, 2026
Listed
$385,000
$449/sq ft
HCMLS #200260
Jun 8, 2017
Sold
$95,000
$111/sq ft
Apr 25, 2017
Listed
$99,900
$116/sq ft
+21
Beautiful Lake & Mountain Views - ½ block to Watauga Lake – CHECK OUT VIRTUAL TOUR for more pictures & info. Charming vintage remodeled 1930’s “Old Butler” 2 bedroom/1 bath 814 square ft. farmhouse located in the heart of Butler on 1/2 acre+. This is one of the original houses that was moved from “Old Butler” to new Butler due to the TVA’s creation of Watauga Lake. Refinished heart pine floors, reclaimed pine accent wall, freshly painted, new fixtures, & so much more. Walking distance to town park, public boat ramp, churches, post office, bank, restaurant/deli/convenience store, marina and Butler Museum. Property would make a perfect vacation/Airbnb rental. Convenient to many attractions including Appalachian Trail, Cherokee National Forest, Doe Mountain Recreation & conveniently located near North Carolina/High Country attractions. Extremely low property taxes ($185/year), lot fronts two paved county maintained streets with easy access (front of house is Main Street and rear of house is Hill Street) can be subdivided. Fantastic lake/mountain house or starter/retirement. There is an 672 square ft unfinished basement - great for storage. Can't beat this value for under $100K.
TVRMLS #390849
Jun 8, 2017
Sold
$95,000
$111/sq ft
Apr 25, 2017
Listed
$99,900
$116/sq ft
TVRMLS #376660
Aug 18, 2016
Sold
$30,500
$36/sq ft
May 3, 2016
Listed
$29,900
$35/sq ft
Public Records
Sep 1, 2006
Sold
$75,000
$87/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$291
2024
$291
2023
$291 (+66.3%)
2022
$175
2021
$175 (−5.4%)
2020
$185
2019
$185
2018
$185
2017
$185
2016
$185 (+5.7%)
2015
$175
2014
$175
Public record
Beds
—
Baths
1
Stories
1
Lot width
75 ft.
Lot depth
304 ft.
Lot size
0.53 Acres
Year renovated
1970
Finished Sq. Ft.
672
Unfinished Sq. Ft.
—
Total Sq. Ft.
672
Year built
1935
Style
Single Family Residential
County
Johnson County
APN
081J C 01800 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 4, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
3/10 Heat Factor
8 days above 95° expected this year, 23 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Butler, TN • 37640
Average low and high temperatures (°F)
39
22
48
30
62
38
69
48
70
52
79
61
83
66
77
61
74
57
66
46
57
38
47
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Butler. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 207 Main St
$308,785
$16K under list price of $325K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $210K to $340K.