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$206,000
Est. payment /mo
0.88 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Ripshin Lake Corporation
MLS Listing ID 256250
HOA Fees $825/Semi-Annually
HOA Y/N Yes
Annual Tax Amount $1,045
Lot Size 0.880 Acres
Acres 0.88
Property Sub-Type Residential
Property Description
Welcome to Lot 54 at Ripshin Lake—an extraordinary opportunity to own a lakefront property in one of East Tennessee's private and pristine mountain lake communities. Set at over 3,500 feet elevation in the scenic Roan Highlands and bordered by the Cherokee National Forest, this .88-acre lot offers expansive lake views, direct water access and a peaceful natural setting just minutes from the Appalachian Trail. As part of Ripshin Lake Corporation, ownership includes the private lot plus an equal share of corporate stock—providing collective ownership of the lake, surrounding land and shared amenities. A $63,000 equity membership is required and may be financed over a 5-year period. This unique structure supports the community's legacy of conservation, recreation and multi-generational enjoyment. Lot 54 is one of only five lakefront properties released in a limited expansion membership offering, and it stands out with underground electrical conduit installed by Mountain Electric—streamlining your build process. The community recently completed dam and infrastructure upgrades to meet all state and federal compliance standards, ensuring the lake's long-term safety and sustainability. Founded in 1958, Ripshin Lake is one of the highest-elevation private lakes in the eastern U.S., offering four-season beauty and outdoor recreation. Whether you're dreaming of a peaceful fishing retreat, scenic kayaking or relaxing by the water's edge, Lot 54 provides the ideal setting to create your mountain escape.
Location
State TN
County Carter
Area 24-Tn
Interior
Fireplace No
Exterior
Utilities Available Underground Utilities
Waterfront Description Lake,Lake Front,Lake Privileges
View Y/N Yes
Water Access Desc Not Connected
View Mountain(s), Lake
Building
Lot Description Rolling Slope
Sewer Not Connected
Water Not Connected
Schools
Elementary Schools Tn
High Schools Out Of Area
Others
Tax ID 010104B A 02500 000
Acceptable Financing Cash, Conventional, New Loan
Listing Terms Cash, Conventional, New Loan
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Listed by Premier Sotheby's International Realty- Banner Elk
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