Property Description

Breathtaking mountain and water views await on this exceptional 4.37-acre homesite in the prestigious gated Eagle Bay community on pristine Watauga Lake. Perched at over 2,200 feet in elevation with dramatic terrain rising from roughly 2,046 to 2,339 feet, this wooded parcel delivers the rare combination of generous acreage, true long-range mountain vistas, and deeded lake privileges — all within one of Northeast Tennessee’s most sought-after lakefront communities.
From the gentle rolls and sloped sections of the lot, mature pines and hardwoods frame sweeping views of the surrounding Blue Ridge and Appalachian ridgelines, with Watauga Lake’s crystal-clear waters just beyond the tree line. The varied topography creates multiple excellent building sites and lends itself beautifully to a walk-out basement design, allowing your future home to capture panoramic mountain and lake views from multiple levels. Selective clearing will open even more dramatic sightlines while preserving the wooded mountain character that makes this setting so special.
Eagle Bay is a premier gated community offering an exceptional lifestyle on Watauga Lake — known for its 105-plus miles of protected TVA shoreline and some of the cleanest water in the Southeast. Residents enjoy exclusive lake privileges with the community’s own private boat ramp and community dock, where slips are available for lease — no need to haul your boat or drive to a public marina. Thoughtful covenants protect property values and natural beauty, and the gated entrance ensures both security and exclusivity. The community features a mix of stunning mountain-modern and timber-frame homes, and paved private and public roads provide easy year-round access. Underground utilities preserve the unobstructed views, and high-speed fiber internet plus electricity are available at the road. Well and septic are required for development, and septic-suitable soils are present.
This property is ideal for a custom mountain home, timber-frame retreat, or modular build. Horses are permitted, camping on your lot is allowed, and short-term rentals are approved — making this an outstanding investment opportunity as well as a personal retreat. Whether you envision a full-time residence, a weekend escape, a legacy family compound, or a revenue-generating vacation property, this lot delivers.
Location is everything, and Eagle Bay is positioned to deliver four-season recreation with urban conveniences within easy reach. You’re within an hour of the Appalachian Trail, Virginia Creeper Trail, Cherokee National Forest, Roan Mountain State Park, Sugar Mountain and Beech Mountain skiing, plus charming Boone, NC and historic Mountain City, TN. Elizabethton is just down the road. Within 90 minutes you’ll reach Johnson City, the Tri-Cities Regional Airport, Bristol Motor Speedway, and the full medical facilities at Johnson City Medical Center. Asheville, Knoxville, and the Great Smoky Mountains are all within comfortable day-trip distance.
Spring wildflowers, summer lake days, spectacular fall foliage, and quiet snowy winters with long mountain views — this is four-season mountain living at its finest. Spectacular views, lake access, gated community amenities, and proximity to world-class outdoor recreation combine to make this one of the most compelling opportunities in the Watauga Lake region. Bring your builder and your vision. Homesites like this in established Watauga Lake communities are becoming increasingly rare.
Schedule your private showing today and walk the land — you’ll feel the magic the moment you arrive. Buyer and Buyer’s Agent to verify all information.

Features
Sewer:
Septic Tank, None
Utilities:
Electricity Available, Underground Utilities, Fiber Available
Waterfront Features:
Lake Privileges
Address Map
Country:
US
State:
TN
County:
Johnson
City:
Butler
Subdivision:
Eagle Bay
Zipcode:
37640
Street:
Cowan Town
Street Number:
Lot 11
Street Suffix:
Road
Longitude:
W82° 3' 17.9''
Latitude:
N36° 18' 27.7''
Directions:
Take E Elk Ave to US-19E S/US-321 S Follow US-321 S to Greggs Branch Rd in Johnson County Continue on Greggs Branch Rd. Take Buntontown Rd. turn R onto Cowan Town Rd. Eagle Bay Pkwy is on the R
Mls Area Major:
316 - Mtn. City/Johnson County
Zoning:
Residential
Neighborhood
Elementary School:
Doe
High School:
Johnson Co
Middle School:
Johnson Co
Additional Information
Courtesy of:
Fathom Realty
Lot Features:
Mountainous, Rolling Slope, Sloped, Wooded
Lot Size Dimensions:
See acres
On Market Date:
2026-04-22
Water Source:
Private, Well, None
Financial
Association Fee:
2400.0
Association Fee Frequency:
Annually
Association Yn:
1
Listing Information
List Agent Mls Id:
32558
List Office Mls Id:
1223
Mls Status:
Active
Modification Timestamp:
2026-04-22T13:03:03Z
Originating System Name:
TVR
Status Change Timestamp:
2026-04-22T12:54:22Z

Land For Sale

Lot 11 Cowan Town Road, Butler, Tennessee 37640

4.37 Acre
$199,000
MLS ID #9994269
Basic Details
Property Type :
Land
Listing Type :
For Sale
MLS ID :
9994269
Price :
$199,000
View :
Mountain(s),Water
Lot Area :
4.37 Acre
Status :
Active
Waterfront Yn :
1
Agent info
Contact Agent