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Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 113,256 sqft
Price per Sqft $1
Subdivision Tomahawk Hills
MLS Listing ID 711084
Sold Date 05/26/26
Bedrooms 5
Year Built 2003
Annual Tax Amount $1,204
Lot Size 2.600 Acres
Acres 2.6
Lot Dimensions 2.6
Property Sub-Type Multi Family
Source Lakeway Area Association of REALTORS®
Property Description
Cherokee Lake frontage does not come at this price, not with 2.6 Acres, 5 existing structures, lake access, and infrastructure already in the ground! This property is a legitimate opportunity for the cash buyer who moves when the numbers make sense and here, they do.
The land itself is the asset with natural character and beautiful lake views, this is the kind of East Tennessee acreage that holds value and commands attention. Five structures are already on the property, 3 one room cabins, 1 converted camper, and an unfinished duplex, totalling approximately 2,000 square feet across all buildings. Foundations are there. Footprints are established. Electric, public water, and 2 sewer hookups are already in place across multiple units. The three smaller cabins carry composting toilet permits. The gazebo also has a public water connection.
Properties with this combination of acreage, water access, existing structures, and location simply do not exist at this price point.This piece of amazing lake property is minutes from Morristown, 1 hour from Pigeon Forge in a location that sits quietly in the path of East Tennessee's growing outdoor recreation & short term rental market. Cash only. Sold as-is. Proof of funds required.
Location
State TN
County Grainger
Community Tomahawk Hills
Direction 25 E N toward Bean Station, turn right onto Rocky Summit Rd., turn left onto Tomahawk Hills, and right onto Chief Lane. The entrance is at the end of Chief Lane, through the red, white, and blue gate.
Exterior
Exterior Feature RV Hookup
Waterfront Description Lake Front
Building
Lot Description Lake on Lot, Cul-De-Sac, Irregular Lot, Sloped, Sloped Down, Waterfront, Wooded
Water Public
Schools
High Schools Grainger High School
Others
Senior Community No
Tax ID 044G A 01500 000
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Kornerstone Properties
Company Owner | License ID: 265226
Company Owner License ID: 265226



