UPDATED:
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,121,372 sqft
Price per Sqft $1
MLS Listing ID 712890
Annual Tax Amount $4,157
Lot Size 48.700 Acres
Acres 48.7
Lot Dimensions 48.7
Property Sub-Type Single Family Residence
Source Lakeway Area Association of REALTORS®
Property Description
Several outbuildings are in place now:
8,000 square foot warehouse/barndominium
2,400 square foot warehouse/garage space
1,200 square foot meeting hall
600 square foot lighthouse
The large warehouse has a 1,344 square foot two bedroom two bathroom apartment space built into in the northeast portion of the building. This area has a full kitchen, laundry room, and private office. The warehouse space is outfitted with a vehicle lift and a loft area, as well as a garage door that can accommodate a camper.
The secondary warehouse space is currently used for equipment storage.
The meeting hall has a half bath and food prep/service area. This building has been used for family gatherings, hosting large dinners, wedding receptions, and similar activities.
The lighthouse has a kitchenette on the main floor, two bedrooms and one bathroom as you ascend, and a 360 degree observation deck at the top. This has been used to host overnight guests to the property.
Taken in its entirety, this property can be your family's ultimate vacation spot at the lake, a potential multi-family shared space, or a true destination travel wedding and events venue on the water. The revenue potential on a lake front property like this is really only limited by ones imagination.
The property is currently zoned A-1 in Jefferson County allowing for certain business applications now and it is possible to apply for rezoning to broaden that potential.
Call your favorite agent today for additional information to tour this amazing property!
Location
State TN
County Jefferson
Direction From Highway 25/70, cross over the interstate on Air Park Road. At the stop sign turn right on to Deerwood Drive. In just over two miles, turn left on the Taylor Hill Road. Driveway is in the cul de sac, look for the handsome man on the real estate sign!
Exterior
Utilities Available Electricity Connected, Propane, Fiber Internet
Waterfront Description Lake,Lake Front,Waterfront,Main Channel
Roof Type Asphalt
Building
Lot Description Cul-De-Sac, Irregular Lot, Level, Private, Rolling Slope, Views, Waterfront
Water Well
Others
Senior Community No
Tax ID 079 05600 000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Nearby Locations
GET MORE INFORMATION