22575 HWY 41, Chattanooga, TN 37419

$10,000,000

Listing Details

Description

This 79-acre historical site, part of a 294 acre tract is located on the side of Raccoon Mountain and the shoreline of the Tennessee River/Nickajack Lake. The tract has been under the ownership of just two families for more than 100 years and is available as one single tract of land that can be divided.Twenty-Five, 1 to 5 acre lots and one 13-acre lot have already been county approved with underground electricity and city water in place. The overall site is surrounded by three thousand acres of property on which no residences are permitted. Privacy is also assured by a single entry access that is gated for security. This unique land is located less than twelve minutes from downtown Chattanooga with its exciting new $120 million waterfront development area, along with the newly expanded Hunter Museum of American Art and the world-class Tennessee Aquarium. The property is accessible in 25 minutes from the Chattanooga airport and in less than two hours driving time from Atlanta, Nashville or Birmingham. Protective covenants, already in place, maintain the integrity of this spectacular environmental site in the heart of the Tennessee River Gorge, and afford privacy with conservation easement. The natural beauty of the peaceful lake will be maintained close to the river's shoreline.