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Residential Land for Sale in Butler, Tennessee

Cowan Town Road Lot: 24, Butler, TN 37640

$285,000
4.72 acres
Active
Est $2,086/mo

This is the one you've been waiting for. Lot 24 in Eagle Bay offers jaw-dropping, panoramic views of Watauga Lake both up and down the Watauga River - some of the best views in the entire community with 180-degree long range views. Spanning 4.72 acres, this homesite sits at the perfect elevation to capture long-range lake and mountain vistas, while still offering privacy, tree cover, a buildable footprint, and walking distance to the community dock and marina area. The lot already a septic permit approved for a 4-bedroom home, and there's no required timeframe to build, making it ideal for a future homesite, weekend getaway, or income-producing vacation rental. The lot is already partially cleared at the ideal spot for your homesite. Underground utilities, including high-speed fiber internet, are already at the road and homes are being built in the community as we speak. Eagle Bay is a gated lake-front community with excellent amenities: a private boat ramp, lakeside beach, picnic area, fire pits, and has boat slips available for lease ($3,600/year). HOA dues are $1,500/year. Site-built or approved modular homes welcome (1,200 sq/ft minimum), Short-term rentals allowed, Horses and ATVs permitted, Camping up to 7 days in a 30-day period. With paved roads and dramatic topography, this lot gives you the canvas to design a home that fully embraces the natural beauty of the Watauga Lake area. Whether you're catching sunrise through the trees or gazing at starlight reflected on the water, this is a homesite that delivers true mountain-lake living. Just 37 minutes to Boone, NC, and close to Elizabethton, Mountain City, skiing, hiking, fly fishing, and more. It's also just minutes to Villa Nove Vineyards and the new Tennessee Hills Distillery scheduled to open in fall 2025. Contact your agent to schedule a private tour. Buyer/Buyer's Agent to verify all information.

Location

Street address
Cowan Town Road Lot: 24
Community
Eagle Bay
Elevation
2,096 feet
Coordinates
36.3079, -81.9421

Directions

From Hampton TN, E on US-321 S toward Boone 9.6 mi, R on US-321 toward Boone 9.8 mi, L on Greggs Branch Rd 1.4 mi, R on Buntontown Rd 0.8 mi, R on Cowan Town Rd 0.3 mi, R into Eagle Bay through gates, Lot 24 is on L just after lot 23. There is a 30' easement across lot 25 leading to Lot 24.

Property details

Acreage
4.72 acres
Zoning
Residential
MLS #
TVARMLS 9981324
Posted

Property taxes

Recent
$1,691

Parcels

  • 097 093.00

Details and features

Listing

Type
Land

Lot

View
Water
Waterfront
Lake
Features
Cleared, Level, Mountainous, Rolling Slope, Sloped, Wooded

Structure

Water
Private, Well
Sewer
Septic Tank

Property utilities

CategoryTypeStatusDescription
PowerGridAvailable

Nearby schools

NameLevelDistrictDescription
DoeElementary
Johnson CoMiddle
Johnson CoHigh

Listing history

DateEventPriceChangeSource
June 7, 2025New listing$285,000TVARMLS
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This 4.72-acre property is located at Cowan Town Road Lot: 24 in Butler, TN 37640. The property is available for sale for $285,000 with a price per acre of $60,381.

Checked 21 mins ago — Updated

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