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Residential Land for Sale in Butler, Tennessee

Cowan Town & Eagle Ridge Parkway Rd, Butler, TN 37640

$240,000
0.95 acres
Active sale
ago
Est $1,676/mo

Positioned within the gated Eagle Bay community overlooking Watauga Lake, Lot 16 on Eagle Ridge Parkway presents an increasingly rare opportunity to build a custom luxury lake home with both year-round water views and immediate proximity to lake access. Spanning approximately 0.95 acres, this cleared homesite offers a gently rolling contour that naturally accommodates a thoughtfully designed custom build with expansive windows, outdoor entertaining space, and the potential for a walk-out lower level oriented toward the lake. Unlike many mountain and lake lots where views come at the expense of accessibility, this property delivers both. Positioned directly across from community lake access and parking, owners enjoy convenient access to the water while still maintaining an elevated vantage point overlooking the lake and surrounding ridgelines. Eagle Bay owners also have access to lease boat slips through Eagle Bay Marina & Beach Club on a first come basis, further enhancing the lake lifestyle experience. The community itself was designed to preserve both long-term value and architectural cohesion, featuring gated entry, paved private roads, underground-style infrastructure planning, and Architectural Control Committee oversight for quality construction standards. Short-term rentals are permitted within the subdivision, creating additional flexibility for second-home ownership or future income-producing potential. Modern conveniences are already available at the road, including electric and fiber connectivity, an increasingly important feature for buyers seeking full-time living, remote work capability, or luxury vacation use. Private well and septic installation allow flexibility in tailoring the homesite and utility layout to the buyer's architectural vision. Located less than an hour from both Johnson City and Boone, Eagle Bay places owners within easy reach of dining, shopping, ski destinations, hiking trails, and Appalachian High Country recreation while still offering the privacy and pace that continue to drive demand around Watauga Lake. Nearby outdoor attractions include boating, paddleboarding, fishing, and convenient access to the Appalachian Trail corridor. For buyers seeking a build ready homesite with protected community standards, strong lifestyle appeal, and long term desirability in one of Northeast Tennessee's most scenic lake markets, Lot 16 offers a compelling foundation for a custom mountain & lake retreat.

Location

Street address
Cowan Town & Eagle Ridge Parkway Rd
Community
Eagle Bay
Elevation
2,017 feet
Coordinates
36.3102, -81.9474

Directions

From US-19E S/US-321 S, Turn Left on US-321 S, Travel apprx 9.6 Miles; Turn right onto US-321 S and travel apprx 9.1 miles, Continue on Greggs Branch Rd. Take Buntontown Rd, right on Cowan Town Rd, Right on Eagle Rdg Pkwy, Lot is second on left

Property details

Lot size
0.95 acres41,382 sq ft
Zoning
Residential
MLS #
TVARMLS 9994941
Posted

Property taxes

Recent
$460

Expenses

Homeowner Association Fee
$2,400 annually

Parcels

  • 097 084.00

Details and features

Listing

Type
Land
Franchise
Keller Williams Realty

Lot

View
Water
Waterfront
Lake
Features
Cleared, Rolling Slope

Structure

Water
Private

Property utilities

CategoryTypeStatus
PowerGridAvailable

Nearby schools

NameType
DoeElementary
Johnson CoMiddle
Johnson CoHigh

Listing history

DateEventPriceChangeSource
May 6, 2026New listing$240,000TVARMLS
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This 0.95-acre property is located at Cowan Town & Eagle Ridge Parkway Rd in Butler, TN 37640. The property is available for sale for $240,000.

Listed by KW Johnson City, (423) 433-6500

Checked 1 hour agoUpdated Source

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