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    Waterview Way Morristown, TN 37814

    For Sale
    $79,900

    Prime Cherokee Lake lot, gated community, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.56-acre commercial lot is situated in the desirable gated Windswept community on Cherokee Lake in Morristown, Tennessee. Boasting stunning lake and mountain views, this cleared lot offers an ideal building site with convenient access to public utilities and fiber optics. The property is part of a new phase, featuring paved roads, sidewalks, and underground utilities. Windswept residents enjoy exclusive access to a comprehensive amenity package, including a private marina, clubhouse, swimming pool, basketball court, tennis/pickleball court, and a remarkable 10,000 sq ft Manor House available for resident use (including five overnight stays per year). The low monthly HOA fee of $75 covers access to all amenities, grounds maintenance, and vacant lot upkeep. The lot is zoned residential, presenting a unique opportunity for development in a highly sought-after East Tennessee location. The APN is 271.00. All information is based on tax records; verification by buyers is recommended. Taxes for this new phase have not yet been assessed. This is a rare opportunity to acquire a piece of prime real estate at an attractive price of $79,900.

    Property Features for 0 Waterview Way

    General Information

    Property type
    Land
    Lot Size
    24,394 SF

    HighLights

    • $79,900 asking price for 0.56 acres of commercial land.
    • Located in the gated Windswept community on Cherokee Lake in Morristown, TN (37814).
    • Residential zoning.
    • $142,678.57 per acre land value.
    • APN 271.00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morristown
    County
    Hamblen
    State
    Tennessee
    Longitude
    -83.3254958
    Latitude
    36.2396396

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    FAQs

    What type of property is this?
    Land - Prime Cherokee Lake lot, gated community, ready to build.
    Where is this land located?
    The property is located at Waterview Way Morristown, TN.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: $79,900 asking price for 0.56 acres of commercial land.; Located in the gated Windswept community on Cherokee Lake in Morristown, TN (37814).; Residential zoning.
    (865) 440-9709
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    Waterview Way Morristown, TN 37814
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    Morristown, TN 37814
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    Realmo Value Estimation

    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.

    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.

    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
    Waterview Way Morristown, TN 37814
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