Condo Lots - Build 45 Condos with Lake/Mountain Views
Vacant Land
for Sale
| Catylist Listing ID: |
30834688 |
| Property Subtypes: |
Multi-Family, Residential (Single Family), Vacation/Resort
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| Gross Land Area: |
2.46 Acres
|
| Sale Price: |
$675,000 |
| Unit Price: |
$274,390 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/28/2023 |
Overview / Comments
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Highly sought after vacant buildable C-1 zoned parcels on peninsula overlooking Douglas lake on both sides and magnificent views of the Smoky Mountains. Located within Timberlake Bay private gated community at Sanctuary Shores on the shores of Douglas Lake in Sevierville TN. 3 Individual adjacent lots being sold together. Dedicated as Condominium Development parcels by the Timberlake Bay community with 15 condo's per lot allowed (totaling 45 for 3 lot total parcel development). 1:1 buildable square foot ratio of living space to land area (excluding parking and decks to equal land area for each lot). 35’ Building height for 2 story condo development encompassing up to approximately 107,000/sq’ of air conditioned living space. Also has previously approved by TVA dock extension with additional 6 boat slips for developer (developer to re-apply for dock extension). Community boasts wonderful lake views, beautiful club house and swimming pool. Overnight Rentals, long term rentals and permanent residential are all allowed. Within minutes to downtown Sevierville, Pigeon Forge, Gatlinburg and the Great Smoky Mountains National Park. Utility connections to city water and community sewer. Excellent road frontage. Electricity and fibre optic high speed internet connection available at street.
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Additional Details
| Nearest MSA: |
Sevierville |
| County: |
Sevier |
| Taxing Authority: |
Sevier County |
| Tax ID/APN: |
078029E E 101.00/102.00/103.00 |
| Zoning: |
C-1 |
| Property Located Between: |
Within Sanctuary Shores private gated community |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Flat Creek Rd |
| Feet of Frontage: |
1,125 |
| Highway Access: |
Hwy 411 (Newport Hwy) within 5-7 minutes |
| Airports: |
Gatlinburg Pigeon Forge Airport is 9 miles away. McGhee Tyson Knoxville is 41 miles west |
| Site Description: |
3 x individual C-1 parcels within gated lakefront community. Access off Sanctuary Shores Way. Mostly cleared. Slightly rolling grade. Easily leveled. Lake views from ground level as well as great views of the Smoky Mountains. Utilities (electrical, water, sewer, fibre optic) available at street. Allocated within community covenants as condominium buildable (up to 15 condos per lot, totaling 45 across 3 lots). Access to community club house and pool. Possible boat dock extension for use of future condo residents/guests. 1:1 buildable ratio up to 35' high. |
| Area Description: |
Douglas Lake is located in the foothills of the Great Smoky Mountains. The lake attracts more than 1.7 million visitors a year. Surrounded by mountains and rolling hills, Douglas Lake offers a variety of activities year round such as boating, fishing, camping, and swimming. The area of Rankins Bottom is one of the best birding areas in East Tennessee.
The major towns around the lake are Sevierville, Dandridge, Newport, and White Pine. The major tourist towns of Sevierville, Pigeon Forge, and Gatlinburg are located within a short drive of the lake along less trafficked, scenic roads.
Douglas Lake has become the premier crappie lake in East Tennessee and is rated one of the top five crappie fishing lakes in the nation. It is also in the top 10 in the nation for largemouth bass and hosts many professional tournaments in the spring and fall. The lake is fed by 3 rivers and two of those the French Broad River and Nolichucky River, which offer great fly fishing. This lakefront gated community within Sanctuary Shores at Timberlake Bay is ideally located only minutes from the 411 Hwy for access to shops, services, local attractions and everything there is to do and experience on Douglas Lake and the Great Smoky Mountains National Park |
| Zoning Description: |
C-1 zoned for building |
| Part of Planned Development?: |
Yes |
| Development Name: |
Timberlake Bay |
| Topography: |
Rolling |
| Soil Type: |
Mixed |
| Available Utilities: |
Electric, Water, Sewer, Storm Drain, Cable, Broadband |
| Water Service: |
Municipal |
| Sewer Type: |
Other |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,445 |
17,043 |
| Median Age: |
38.83 |
43.15 |
| Households: |
1,691 |
6,992 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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