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Lot 24 Cowan Town Road

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Butler, TN 37640 · Johnson County

4.72 Acres 327 Days on Market
Water View Lake Access

Description

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 $2400/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.

Property Details

MLS # 9981324
Property Type Land
Acres 4.72
Subdivision Eagle Bay
County Johnson

About Eagle Bay

Eagle Bay is a gated lakeside community with water access at Watauga Lake in Johnson County, Tennessee, offering a premier combination of lake access, mountain views, and resort-style amenities. This exclusive development features a community marina with covered boat slips, a boat ramp, and dedicated beach and picnic areas. Eagle Bay is part of the Waterfront Group of communities sharing marina f...

Lake Access Lake View Mountain View
View Eagle Bay community profile

Features

Property Features

View: Mountain(s), Water

Sewer: None, Septic Tank

Water: None, Private, Well

Utilities: Electricity Available, Underground Utilities, Fiber Available

Property Condition: Above Average

Waterfront Features: Lake Privileges

Easements: Utility Easement

Land Type: Residential, Lot/Tract, Subdevelopment

Permitted: Horses, Modular, Site Built

Lot Features: Level, Wooded, Mountainous, Rolling Slope, Sloped

Road Surface: Paved

Financial

List Price $282,500
Original List Price $282,500
Price / Acre $59,852
HOA $2400.00 / Annually

Property Insights

Elevation
2,089'
227' change across lot
Terrain
Steep
27.0% slope
Flood Zone
X
Minimal risk
Tax Assessment
$153,050
Water
View
Watauga Lake
Last Sale
$299,900
Jul 8, 2021

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.

Location

Get Directions Parcel Boundary
Donaven & Christie Braun

Your Local Experts

Donaven & Christie Braun

The Braun Group · Fathom Realty TN LLC

(423) 525-9252
Thank you! Your inquiry has been sent. We typically respond within 1-2 business days.

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MLS #9981324 · Donaven Braun · Fathom Realty · Listed 2025-06-06

© 2026 Tennessee Virginia Regional MLS. Provided via RESO Web API / FBS Data Exchange. Information is deemed reliable but not guaranteed. Last updated: Apr 28, 2026.

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