Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17 Waterstone Dr Dandridge, TN 37725

    Sponsored
    For Sale
    $69,900

    Unimproved Land - Dandridge, TN

    Type:Unimproved Land
    Lot size:
    1.90 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 2 at 1:06 am

    Property Features for 17 Waterstone Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    Lot size
    1.90 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Debbie Edwards

    EXIT REALTY OF THE SMOKIES (865) 465-8361

    Listing agent Debbie Edwards (865) 465-8361 License #358443

    Listing date Jan 31, 2026

    MLS# 707634 Listing URL

    Copyright © 2026 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land for Custom Home Build

    Located in the Covington Point Subdivision, this 1.90-acre lot presents an opportunity for building a custom home. The property features a mix of level and gently rolling terrain, suitable for various home designs and outdoor living spaces. The land offers privacy and a serene atmosphere, with natural surroundings. There are no HOA fees, and only site-built homes are permitted. The property is located minutes from Douglas Lake and historic downtown Dandridge, combining country living with access to shopping, dining, and recreation. This lot offers a build-ready opportunity in an established community. It is suited for a primary residence, a weekend retreat, or a long-term investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Pharmacy Bakery Pet Store Pet Supply Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dandridge
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.359974
    Latitude
    36.019388

    Nearby Similar for Sale

    • $279,900
      0.95 Acres

      Lakefront Residence in Dandridge, TN

      Lakefront property with camper, septic, and storage buildings near boat ramp.
      2167 Riverview Dr, Dandridge, TN 37725
      View Details
    • $1,249,990
      0.40 Acres

      Office Building in Dandridge, TN

      Office building suitable for commercial rental applications in Dandridge, TN.
      1228 Circle Dr, Dandridge, TN 37725
      View Details
    • $1,400,000
      44.90 Acres

      Dandridge Farm with Mountain Views

      44.9 acre farm with mountain views near Douglas Lake.
      Highway 139, Dandridge, TN 37725
      View Details
    • $289,000
      2.05 Acres

      Dandridge Garage with Mountain Views

      2.05 acre level parcel perfect for storage or small business.
      2457 Hwy E, Dandridge, TN 37725
      View Details
    • $249,900
      Pending

      Historic Downtown Dandridge Mixed-Use Property

      Fixer-upper in historic downtown Dandridge with retail/office conversion potential.
      1209 Gay St, Dandridge, TN 37725
      View Details
    • $249,900
      Pending

      Historic Dandridge Commercial Property

      Commercial property in historic downtown Dandridge, Tennessee, needing extensive repairs.
      1209 Gay St, Dandridge, TN 37725
      View Details
    • $350,000
      1,522 SF

      Former Automotive Shop on 2.2 Acres

      2.2-acre commercial property with 3-bay garage near interstate.
      2131 Sockless Rd, Dandridge, TN 37725
      View Details
    • $299,000
      1.37 Acres

      Highway 92 Commercial Land Investment

      High-traffic Dandridge B-2 zoned lot.
      Unit +-1.37 A, Dandridge, TN 37725
      View Details
    • $1,799,000
      1.04 Acres

      Prime Dandridge Car Wash Investment

      Established six-bay car wash with high potential.
      129 Hwy, Dandridge, TN 37725
      View Details
    • $1,300,000
      16.00 Acres

      Lakeside Pines RV Park Investment

      Prime Douglas Lake RV Park Opportunity
      1645 E, Dandridge, TN 37725
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.9 acre lot near Douglas Lake, build-ready opportunity.
    Where is this residential land & home lot located?
    The property is located at 17 Waterstone Dr Dandridge, TN.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: - 1.90-acre lot suitable for building a custom home.; - Located minutes from Douglas Lake and historic downtown Dandridge.; - No HOA fees and low restrictions.
    (865) 801-5262
    Request Owner's contact information
    17 Waterstone Dr Dandridge, TN 37725
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17 Waterstone Dr
    Dandridge, TN 37725
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17 Waterstone Dr Dandridge, TN 37725
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Debbie Edwards
    Real Estate License ID: 358443
    (865) 801-5262
    Learn more
    Google sign-in failed. Please try again or use another login method.