THIS LOT IS ON THE MAIN CHANNEL OF CHEROKEE LAKE IN CHELAQUE ESTATES; THIS LOT CONSIST OF 0.39 ACRE AND HAS A GENTLE SLOPE FROM THE TOP OF THE LOT DOWN TO THE WATER FRONTAGE; THIS LOT WOULD BE IDEAL FOR A NEW HOME WITH A WALK-OUT BASEMENT AREA AND THEIR IS AMAZING VIEWS OF THE WATER; A SEPTIC SYSTEM AND WELL WATER WILL BE NEEDED FOR THE LOT; YOU CAN HAVE YOUR OWN DOCK ON THE LOT WITH A TVA PERMIT; THIS IS A GATED COMMUNITY AND IS RESTRICTED TO A SITE BUILT HOME ONLY; THE ASSOCIATION FEE PER YEAR IS IN THE AMOUNT OF $530.00 PER YEAR; CALL 423-571-5381 FOR THE GATE CODE AND THE SHOWINGS ARE BY APPOINTMENT ONLY;