0 Waterview Way Morristown, TN 37814
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.