UNIQUE WATER RESOURCE OPPORTUNITY NEAR WATAUGA LAKE! This approximately 2-acre wooded tract features TWO EXISTING WELLS, presenting an unusual opportunity for buyers interested in exploring potential water supply, development, or other water-resource applications. With direct road frontage, utilities available, and potential building sites following selective clearing, the property also offers possibilities for residential use. Located in the scenic Watauga Lake area, surrounded by the natural beauty of Northeast Tennessee's mountains and nearby Cherokee National Forest, this property combines an appealing mountain setting with a feature rarely found in vacant land offerings. The two existing wells with a reported minimum yield of 75 GPM offer value beyond traditional residential use. Well capacity, water quality, water rights, permitted uses, septic suitability, and development feasibility are subject to buyer investigation and verification.
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Around this home
Schools
K - 12
Preschool & daycare
Unaka Elementary School
Public PreK-8 • Assigned • 5.3mi
6/10
Unaka High School
Public 9-12 • Assigned • 6.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Sloped, wooded lot
Home design
Land
Utilities
Private well
Sale and tax history for Tbd Cove Ridge Cir
Sale History
Tax History
Date
Event
Price
TVRMLS #10002351
Oct 20, 2026
Listed
$395,000
TVRMLS #9980308
Jun 18, 2025
Sold
$60,000
May 18, 2025
Contingent
—
May 15, 2025
Listed
$60,000
+4
Lakefront lot on Watauga Lake! Are you looking for private lake access on Tennessee's highest reservoir? Then this one is for you! If you are a water sport enthusiast, a fisherman, or you simply picture yourself relaxing at the cooler elevation on hot summer days, you won't want to miss this opportunity. You will also enjoy the close proximity to the Appalachian Trail and other hiking, as the lake is surrounded by the Cherokee National Forest. This lot has dedicated parking as well, so it's great for day trips. In addition, there are land rights for a dock permit application through TVA. Don't miss out on this rare opportunity.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Vacant Land
County
Carter County
APN
045 024.04
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Last updated by owner on Oct 20, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 hot days expected this year, 19 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
Air Factor
We're working on getting current and accurate air risk information for this home.
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
82
66
77
61
74
55
66
46
57
38
47
30
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Sun exposure
79/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Tbd Cove Ridge Cir
$387,757
$7,243 under list price of $395K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $200K to $600K.