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Lot/land
  • $199,000

    11 Cowan Town Rd, Butler, TN 37640

    --beds
    0baths
    4.37Acres
    Land
    Built in ----
    4.37 Acres Lot
    $-- Zestimate®
    $--/sqft
    $200/mo HOA

    What's special

    True long-range mountain vistasWooded parcel
    Breathtaking mountain and water views await on this exceptional 4.37-acre homesite in the prestigious gated Eagle Bay community on pristine Watauga Lake. Perched at over 2,200 feet in elevation with dramatic terrain rising from roughly 2,046 to 2,339 feet, this wooded parcel delivers the rare combination of generous acreage, true long-range mountain vistas, and deeded lake privileges -- all within one of Northeast Tennessee's most sought-after lakefront communities. From the gentle rolls and sloped sections of the lot, mature pines and hardwoods frame sweeping views of the surrounding Blue Ridge and Appalachian ridgelines, with Watauga Lake's crystal-clear waters just beyond the tree line. The varied topography creates multiple excellent building sites and lends itself beautifully to a walk-out basement design, allowing your future home to capture panoramic mountain and lake views from multiple levels. Selective clearing will open even more dramatic sightlines while preserving the wooded mountain character that makes this setting so special. Eagle Bay is a premier gated community offering an exceptional lifestyle on Watauga Lake -- known for its 105-plus miles of protected TVA shoreline and some of the cleanest water in the Southeast. Residents enjoy exclusive lake privileges with the community's own private boat ramp and community dock, where slips are available for lease -- no need to haul your boat or drive to a public marina. Thoughtful covenants protect property values and natural beauty, and the gated entrance ensures both security and exclusivity. The community features a mix of stunning mountain-modern and timber-frame homes, and paved private and public roads provide easy year-round access. Underground utilities preserve the unobstructed views, and high-speed fiber internet plus electricity are available at the road. Well and septic are required for development, and septic-suitable soils are present. This property is ideal for a custom mountain home, timber-frame retreat, or modular build. Horses are permitted, camping on your lot is allowed, and short-term rentals are approved -- making this an outstanding investment opportunity as well as a personal retreat. Whether you envision a full-time residence, a weekend escape, a legacy family compound, or a revenue-generating vacation property, this lot delivers. Location is everything, and Eagle Bay is positioned to deliver four-season recreation with urban conveniences within easy reach. You're within an hour of the Appalachian Trail, Virginia Creeper Trail, Cherokee National Forest, Roan Mountain State Park, Sugar Mountain and Beech Mountain skiing, plus charming Boone, NC and historic Mountain City, TN. Elizabethton is just down the road. Within 90 minutes you'll reach Johnson City, the Tri-Cities Regional Airport, Bristol Motor Speedway, and the full medical facilities at Johnson City Medical Center. Asheville, Knoxville, and the Great Smoky Mountains are all within comfortable day-trip distance. Spring wildflowers, summer lake days, spectacular fall foliage, and quiet snowy winters with long mountain views -- this is four-season mountain living at its finest. Spectacular views, lake access, gated community amenities, and proximity to world-class outdoor recreation combine to make this one of the most compelling opportunities in the Watauga Lake region. Bring your builder and your vision. Homesites like this in established Watauga Lake communities are becoming increasingly rare. Schedule your private showing today and walk the land -- you'll feel the magic the moment you arrive. Buyer and Buyer's Agent to verify all information.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Donaven Braun 423-525-9252,

    Fathom Realty 888-455-6040

    Source: TVRMLS,MLS#: 9994269

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0

      Property

      Features
      • Has view: Yes
      • View description: Mountain(s), Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Lake Privileges
      Lot
      • Size: 4.37 Acres
      • Features: Mountainous, Rolling Slope, Sloped, Wooded
      Details
      • Parcel number: 097 138.00
      • Zoning: Residential

      Utilities & green energy

      • Sewer: Septic Tank, None
      • Water: Private, Well, None
      • Utilities for property: Fiber Available, Electricity Available, Underground Utilities

      Community & HOA

      Community
      • Subdivision: Eagle Bay
      HOA
      • Has HOA: Yes
      • HOA fee: $2,400 annually
      Location
      • Region: Butler

      Financial & listing details

      • Date on market: 4/22/2026
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/22/2026Listed for sale$199,000
        Source: TVRMLS #9994269 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37640

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Doe
        • Middle: Johnson Co
        • High: Johnson Co

        Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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