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35 Cowan Town Road

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Butler, TN 37640 · Johnson County

2.78 Acres
Lake Access

Description

Discover an exceptional opportunity to build your dream mountain-lake retreat in the desirable gated community of Eagle Bay on beautiful Watauga Lake. Offering approximately 2.78 acres of mostly flat, usable land, this property stands out as a rare find in the mountains of Northeast Tennessee, providing a more convenient and versatile setting for designing and building your future home. Ideally positioned near the end of a cul-de-sac, the property offers a peaceful setting with minimal through traffic while still providing convenient access to all that Eagle Bay has to offer. Whether you're envisioning a full-time residence, relaxing lake getaway, or investment property, this spacious homesite gives you room to create something truly special. Eagle Bay residents enjoy access to the community's impressive lake amenities, including a private boat ramp, marina area with boat slips available for lease, lakeside beach, picnic areas, and fire pits--making it easy to spend your days boating, kayaking, fishing, or simply enjoying the beauty of Watauga Lake. The community features paved roads along with underground utilities and fiber internet availability, combining the serenity of mountain living with modern-day convenience. Short-term rentals are permitted within the community, adding flexibility for buyers looking for both personal enjoyment and investment potential. Surrounded by the natural beauty of Watauga Lake and the Cherokee National Forest, Eagle Bay offers easy access to hiking, boating, fishing, nearby wineries, the Appalachian Trail, and the ski slopes of Western North Carolina. Boone, NC and Johnson City, TN are also within convenient driving distance for shopping, dining, entertainment, and additional amenities. With 2.78 acres, a flat and highly usable building site, a quiet location near a cul-de-sac, and access to one of Watauga Lake's premier gated communities, this property offers a combination that can be difficult to find in the mountains. Bring your house plans and start creating your own piece of East Tennessee paradise at Eagle Bay on Watauga Lake. Buyer/Buyer's Agent to verify all information.

Property Details

MLS # 10000340
Property Type Land
Acres 2.78
Lot Size (Sq Ft) 121,097
Subdivision Eagle Bay
County Johnson

About Eagle Bay

Eagle Bay is a gated lakeside community with water access at Watauga Lake in Johnson County, Tennessee, offering a premier combination of lake access, mountain views, and resort-style amenities. This exclusive development features a community marina with covered boat slips, a boat ramp, and dedicated beach and picnic areas. Eagle Bay is part of the Waterfront Group of communities sharing marina f...

Lake Access Lake View Mountain View Vacation Rentals Welcome
View Eagle Bay community profile

Features

Property Features

View: Mountain(s)

Sewer: None

Water: None

Utilities: Electricity Available, Underground Utilities

Property Condition: Average

Waterfront Features: Lake Privileges

Easements: None

Land Type: Subdevelopment

Lot Features: Level, Wooded, Sloped

Road Surface: Paved

Financial

List Price $89,000
Original List Price $89,000
Price / Acre $32,014
HOA $2400.00 / Annually
Taxes $1,125.44

Property Insights

Elevation
2,182'
198' change across lot
Terrain
Steep
28.0% slope
Flood Zone
X
Minimal risk
Tax Assessment
$101,850
Last Sale
$69,900
Jun 22, 2021

Directions

From US-321, take Greggs Branch Rd approx. 9.8 mi. Turn right on Buntontown Rd for 1.4 mi, then right on Cowan Town Rd. Eagle Bay gated entrance is on right. Enter on Eagle Ridge Pkwy, continue uphill, take first left on Golden Eagle Trail. Lot 35 is on left. See sign.

Location

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Donaven & Christie Braun

Your Local Experts

Donaven & Christie Braun

The Braun Group · Fathom Realty TN LLC

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Share This Property

MLS #10000340 · Allison Eastridge · Coldwell Banker Security Real Estate · Listed 2026-09-01

© 2026 Tennessee Virginia Regional MLS. Provided via RESO Web API / FBS Data Exchange. Information is deemed reliable but not guaranteed. Last updated: Sep 1, 2026.

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