Price Reduction! Great value on this beautiful acreage lot in Madisonville! Come check out this 2.96 acre lot in a lake community of beautiful homes! Situated on the tranquil shores of Tellico Lake, Clearwater Cove is the perfect place to build your dream home. This gated community, just an hour from Knoxville and 20 minutes from local shopping, dining and golf, offers stunning views of the lake and the Cherokee National Forest Mountains. Residents can enjoy convenient access to a community covered marina and boat ramp with low boat slip fees of only $300 a year! In addition, the neighborhood offers boat trailer and RV parking! Modern amenities include new fiber optic internet and underground utilities, maintained by the HOA for peace of mind. Lots have already been approved for 4 bedroom septic! Unlike many lake neighborhoods, sq ft minimums are not outrageous, so you can build a mansion if you desire, but you don't have to if downsizing is more your style. Whether fishing and boating are your passion (these Tennessee waterways connect to the Gulf!) or you just are seeking a quiet life with a large private lot, Clearwater Cove is a neighborhood worth checking out!