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Lots 101, 102, 103 Sanctuary Shores Way
Sevierville, TN 37876

Douglas Lake Land for Multi-family developmnt · Land For Sale · 2.51 AC

INVESTMENT HIGHLIGHTS

  • Vacant Land in Gated Lake Community close to town, shopping and services
  • Good buildable lots, mostly cleared, close utilities, 1:1 build to land ratio
  • Lake views - short term rental, long term rental, permanent residential options

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
  • Single Family Development
  • Single Family Residence
Total Lot Size 2.51 AC

DESCRIPTION

Fabulous lake and mountain views from these three C-1 zoned lots being sold as a single parcel located within the Timberlake Bay private gated community at Sanctuary Shores on the shores of Douglas Lake in Sevierville TN. HOA community approved to build as many as 45 multi-family units with a 1:1 buildable square foot ratio of living space to land area (excluding parking and decks to equal land area for each lot). This allows for a 35’ Building height for your multi-family development encompassing up to approximately 107,000/sq’ of air conditioned living space. Also has previously approved by TVA dock extension with additional 6 boat slips for developer (developer to re-apply for dock extension). Community boasts wonderful lake views, beautiful club house and swimming pool. Overnight Rentals, long term rentals and permanent residential are all allowed. Within minutes to downtown Sevierville, Pigeon Forge, Gatlinburg and the Great Smoky Mountains National Park. Utility connections to city water and community sewer. Excellent road frontage. Electricity and fibre optic high speed internet connection available at street. PARCEL DETAILS: 3 x individual C-1 parcels within gated lakefront community. Access off Sanctuary Shores Way. Mostly cleared. Slightly rolling grade. Easily leveled. Lake views from ground level as well as great views of the Smoky Mountains. Utilities (electrical, water, sewer, fibre optic) available at street. Access to community club house and pool. Possible boat dock extension for use of future condo residents/guests. 1:1 buildable ratio up to 35' high. AREA INFO: Douglas Lake is located in the foothills of the Great Smoky Mountains. The lake attracts more than 1.7 million visitors a year. Surrounded by mountains and rolling hills, Douglas Lake offers a variety of activities year round such as boating, fishing, camping, and swimming. The major towns around the lake are Sevierville, Dandridge, Newport, and White Pine. The major tourist towns of Sevierville, Pigeon Forge, and Gatlinburg are located within a short drive of the lake along less trafficked, scenic roads. Douglas Lake has become the premier crappie lake in East Tennessee and is rated one of the top five crappie fishing lakes in the nation. It is also in the top 10 in the nation for largemouth bass and hosts many professional tournaments in the spring and fall. The lake is fed by 3 rivers and two of those the French Broad River and Nolichucky River, which offer great fly fishing. This lakefront gated community within Sanctuary Shores at Timberlake Bay is ideally located only minutes from the 411 Hwy for access to shops, services, local attractions and everything there is to do and experience on Douglas Lake and the Great Smoky Mountains National Park. Utility connections to city water and community sewer. Excellent road frontage. Electricity and fibre optic high speed internet connection available at street.

ZONING

Zoning Code C-1
C-1
  • Listing ID: 27809517

  • Date on Market: 2/22/2023

  • Last Updated:

  • Address: Lots 101, 102, 103 Sanctuary Shores Way, Sevierville, TN 37876

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