38 Acre Gem located atop scenic Lookout Mountain

Vacant Land for Sale
Catylist Listing ID: 30412615
Property Subtypes: Residential (Single Family)
Gross Land Area: 37.32 Acres
Sale Price: $650,000
Unit Price: $17,416 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2019

Overview / Comments

This RARE 38 acre gem sits atop scenic Lookout Mountain, Georgia with frontage on Lula Lake Road. This exclusive opportunity has the potential to become a residential development or a private legacy estate- the possibilities are endless! Featuring stunning winter views, old growth trees, and native foliage throughout the entire property, this is truly a once-in-a-lifetime opportunity to create a unique development.

Located off Lula Lake, this property is convenient to all Lookout Mountain has to offer including Fairyland Elementary School, Lookout Mountain Golf Course and Club, Rock City, Starbucks, and Lula Lake Land Trust.
This property is prime for development and has been platted with initial road cut in.

Sale Price: $650,000
Lot Size: 38 Acres

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County
Tax ID/APN: 4021 009
Zoning: RESIDENTIAL
Property Located Between: Scenic Highway and Lula Lake
Property Visibility: Excellent
Legal Description: Pt Ll 54 10/4 Landlot: 54 Landdist: 10
Largest Nearby Street: Lula Lake
Feet of Frontage: 315
Airports: Chattanooga Airport
Site Description: Located next to Turnberry subdivision this is an ideal for new Lookout Mountain development.
Area Description: Lookout Mountain, narrow southwestern ridge of the Cumberland Plateau and a segment of the Appalachian Mountains, U.S., extending south-southwestward for 75 miles (120 km), from Moccasin Bend, Tennessee, on the Tennessee River across northwestern Georgia to Gadsden, Alabama. Most peaks along the ridge rise to 2,000 feet (600 metres); the loftiest is High Point (2,392 feet [730 metres]), near La Fayette, Georgia. At the northeastern end, a steep-incline railway ascends to the top of a peak, site of the town of Lookout Mountain, with excellent scenic views. In the interior of the peak are caves with a 145-foot- (45-metre-) high waterfall (Ruby Falls), and atop are the gardens and strange rock formations known as Rock City. During the American Civil War, the “Battle Above the Clouds” was fought in 1863 on and around this summit.
Lot Frontage: 315
Lot Depth: 2301
Zoning Description: Residential zoning
Topography: Rolling
Available Utilities: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 920 11,735 47,606
Median Age: 39.19 41.14 37.01
Households: 330 4,941 18,492

Contact

Photograph of Listing Agent

Lisa A Brown

Keller Williams Realty Greater Chattanooga REALTORS® Member
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