Turn key subdivision investment Near Watts Bar lake

Vacant Land for Sale
Catylist Listing ID: 30544992
Property Subtypes: Residential (Single Family)
Gross Land Area: 26.20 Acres
Sale Price: $990,000
Unit Price: $37,786 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 9/25/2020

Overview / Comments

Pond Meadows Estate is an established 2nd phase subdivision, complete with roadways, utilities and infrastructure in place for 38 half to 1.5 acre lots approximately. Full underground utilities (gas, electric, water and cable) are in place for all lots with septic needed for individual lots. Total acreage and 7 lots have passed perc test and the remainder individual lots will need to perc.

This is in a beautiful valley off River road just outside of Kingston TN and is within 1 mile to public boat access for Watts Bar lake. There is lovely a 2+ acre, spring-fed pond as a common area for the community which has great potential for a pavilion/venue. Within 10 minutes of Kingston and 30 minutes to Farragut/Turkey Creek.

Currently, there is no HOA established and so homes will need to constructed per developer restrictions which is in the documents section. Road cap to be completed post development. Restrictions and survey in documents. Seller will consider splitting into lots/builder packages. Contact agent with specific questions.

Additional Details

Nearest MSA: Knoxville
County: Roane
Taxing Authority: Roane County
Tax ID/APN: 073077M A 01700
Property Located Between: Woody Lane
Property Visibility: Excellent
Legal Description: Pt Tr 1; 2; 7; 8; & 9
Largest Nearby Street: River Road
Highway Access: Highway 58/Decatur Highway
Site Description: 38 surveyed lots Lots are half to 1.5 acres 2+ acre spring-fed lake Level and cleared
Area Description: Beautiful country setting across from Watts Bar lake and within a mile to boat access to the lake. The subdivision sets within 5 minutes of Kingston and is within close proximity to Knoxville and Oak Ridge TN
Lot Frontage: Lots are irregular but primarily rectangular
Zoning Description: Agriculture & Residential
Development Name: Pond Meadows Estates
Topography: Level
Easements Description: None
Soil Type: Clay
Available Utilities: Electric, Water, Gas, Cable
Water Service: Municipal
Sewer Type: Septic, None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,457 4,216 13,836
Median Age: 50.62 47.32 45.11
Households: 613 1,716 5,783


Photograph of Listing Agent

Joshua Christian

National Land Realty, LLC KAAR CIE Member
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