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.
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
- 1 day |
- 69 |
- 6 |
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
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed 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-DependentNearby schools
GreatSchools rating
- 5/10Roan Creek Elementary SchoolGrades: PK-6Distance: 10.2 mi
- 4/10Johnson Co Middle SchoolGrades: 7-8Distance: 14.4 mi
- 4/10Johnson Co High SchoolGrades: 9-12Distance: 14.5 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Johnson County
- Butler
- 37640
- 11 Cowan Town Rd







