Lake Access Gated Community! BOAT SLIP INCLUDED! Beautiful Mountain views of Watauga. Butler, TN The perfect place to call home, Airbnb, vacation home, retirement. So much to offer. Watauga Lake is the highest elevated lake in the TVA chain, it is fed by the Doe, Elk, and Watauga Rivers. Surrounded by Cherokee National Forest making it is one of the most picturesque lakes on the East Coast Great Access to Boating, Swimming, Jet skiing, Paddle Boarding, Fishing, Hiking, Biking, Canoeing, etc