Add Listing
    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

    Waterstone Drive lot 15 Dandridge, TN 37725

    View on Map
    For Sale
    $75,000

    LAND - Dandridge, TN

    Lot size:
    1.31 Acres
    Added:
    May 16, 2025
    Days on Market:
    321
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for Waterstone Drive lot 15

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    069 087.00
    Lot size
    1.31 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    272

    We can help!

    Listing Contact
    Kara Edenfield

    Listing agent Kara Edenfield

    Listing office Keller Williams Signature 4823 Old Kingston Pike S 320, Knoxville, TN

    Listing date May 16, 2025

    MLS# 1301218 Listing URL

    Copyright © 2025 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Land in Dandridge, TN

    This 1.31-acre property offers lakefront and lakeview living on the coves of Douglas Lake, with views of the water and mountains. Located in the Covington Point community, the homesite features a level build area and mature trees for privacy, gently sloping toward the shoreline. The property is approved for a septic system and is near a boat launch. The property touches the water in the cove at full capacity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Dandridge
    County
    Jefferson
    State
    Tennessee
    Longitude
    -83.357657
    Latitude
    36.016045

    Nearby Similar for Sale

    • $399,900

      Two-Story Building Near Douglas Lake

      2400 sqft building with garage doors near Douglas Lake.
      613 Ross Drive, Dandridge, TN 37725
      View Details
    • $399,900

      Two-Story Building Near Douglas Lake

      2400 sqft building with garage doors, near Douglas Lake.
      613 Ross Drive, Dandridge, TN 37725
      View Details
    • $499,900

      Dandridge Commercial Property on 3.96 Acres

      High-visibility commercial property near Interstate 40 in Dandridge, Tennessee.
      310 Goose Creek Road, Dandridge, TN 37725
      View Details
    • $499,900
      1,667 SF

      High-Visibility Commercial Land Opportunity

      3.96 acres with high visibility, ideal for various commercial uses.
      310 Goose Creek Road, Dandridge, TN 37725
      View Details
    • $399,900

      Dandridge Land with Storage Building

      Land with a two-story building, ideal for storage.
      613 Ross Drive, Dandridge, TN 37725
      View Details
    • $449,000
      2,070 SF

      New Construction Duplex with Mountain Views

      New construction duplex in Dandridge, TN, with mountain views.
      4317 Newport Highway, Dandridge, TN 37725
      View Details
    • $85,000

      Dandridge Land with Building Sites

      Two surveyed lots totaling 4 acres with building approvals.
      Mcgaha Hollow Rd, Dandridge, TN 37725
      View Details
    • $9,950

      Unrestricted Off-Grid Getaway Land

      Untouched East Tennessee wilderness for recreation, camping, and hunting.
      Hensley Hollow Road, Dandridge, TN 37725
      View Details
    • $39,900

      Land in Paradise Landing

      Acreage in lakeside community near Douglas Lake and Smoky Mountains.
      Turtle Dove Trail lot: 106, Dandridge, TN 37725
      View Details
    • $34,900

      Land in Paradise Landing

      Acreage in lakeside community near Douglas Lake and Smoky Mountains.
      Turtle Dove Trail lot: 107, Dandridge, TN 37725
      View Details
    • $394,900

      Dandridge, TN Land with Views

      Residential land with lake and mountain views in Dandridge, TN.
      Tranquility Trail lot: 32, Dandridge, TN 37725
      View Details
    • $9,950

      Unrestricted Land in Dandridge, TN

      Untouched East Tennessee wilderness, perfect for off-grid living and recreation.
      Hensley Hollow Road, Dandridge, TN 37725
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.31 acres on Douglas Lake with mountain views.
    Where is this waterfront land located?
    The property is located at Waterstone Drive lot 15 Dandridge, TN.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 1.31 acre lakefront/lakeview property on Douglas Lake with stunning mountain views.; Located in the prestigious Covington Point community.; Level build area with mature trees providing privacy.
    (865) 694-5904
    We can help!
    Listing Contact
    Kara Edenfield
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!