$359,000

About this home

Unlock a rare riverfront investment opportunity on 1.28 acres with more than 320 feet of shoreline along the Emory River/Watts Bar Lake. With two physical addresses and the potential to subdivide into two separate lots, this property offers multiple paths for value creation. The existing 1,200 SF site-built cottage with a full basement provides immediate usability and rental potential. The main level includes 3 bedrooms and 1 bath, a functional galley kitchen, and a bright living room. The lower level adds a family room, a third bedroom, and an oversized laundry/storage area with walk-out access--ideal for tenants, guests, or future expansion. The land itself is the true asset: gentle topography, wide shoreline, and flexible development options. Investors can hold and rent, build a new riverfront home, create a multi-generational layout, or divide the property to maximize long-term return. Waterfront parcels with this level of versatility are increasingly scarce on Watts Bar. Whether you're seeking a cash-flowing rental, a redevelopment project, or a strategic land hold, this property delivers exceptional potential and multiple exit strategies. This property is part of an estate and will be sold as-is with no warranty.

Property details

MLS

East Tennessee REALTORS® MLS

MLS #

1345410

Property type

Single Family Residence

Subdivision

N/A

Status

Active

Days on market

118

On market date

June 20, 2026

Stories

N/A

Total bathrooms

1

Garage spaces

N/A

Parking spaces

N/A

Lot size

1.28 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.