Rare opportunity to own a half-acre Cherokee Lake main channel waterfront lot in the gated community of Chelaque Estates in Mooresburg. Priced at $250,000. Situated at the end of a cul-de-sac on a peninsula with water on two sides, this 0.5-acre lot delivers an unmatched combination of privacy, panoramic water views, and 320 feet of direct frontage on Cherokee Lake's open main channel. The seller recently had the lot partially cleared, giving you a head start toward your lake home build. Build the lakefront home you have been dreaming about on this gently sloping, wooded lot with mature timber on the perimeter and natural topography that sets the stage for a custom build with commanding lake views. The lot provides flexibility for siting a home with a walkout lower level, a wrap-around deck, and a private boat dock on Cherokee Lake's main channel. Imagine waking up to open water views, keeping your boat in a private dock steps from your back door, launching for a day of fishing or watersports, and returning home to a sunset over the East Tennessee ridgeline. Electric service and high-speed internet are available at the road. The lot will require a private well and septic system. Property taxes are approximately $599/year based on the most recent assessment. Chelaque Estates is a deed-restricted, gated community with $690/year HOA dues that include access to a clubhouse, a covered picnic pavilion, a pickleball court, a community boat ramp, and a marina. Marina slips are available for an additional annual fee. All new construction requires approval by the Chelaque Architectural Committee; covenants, conditions, and restrictions are available at chelaqueestates.com/prospective-owners. Location works in your favor. Green Tomato Grill is approximately 10 minutes away in Mooresburg. Morristown and Bean Station all provide nearby grocery and everyday errands. Morristown with a full range of retail, dining, medical, and services including Walmart, Lowe's, and multiple hospital facilities, is approximately 30 minutes away.