Norris Lake Tennessee Investment and Retirement Destination on the Waterfront

By
Real Estate Broker/Owner with The Best Spot Realty/Waterfront Real Estate/Ooltewah Real E

(Aerial view of Whitman Hollow Marina Norris Lake Tn.)norris lake tn. aerial

Norris Lake has it all; great marinas, wave runners for rent, beautiful views and scenery; great real estate investment opportunities, and great fishing and boating.  The counties surrounding Norris Lake have low property tax rates.   I have been selling real estate on the lake for the last 10 years and no matter what kind of real estate it is; waterfront or waterview, condominiums, homes, marinas or development waterfront land;  the average rate of appreciation has been a minimum of 11% annually.

This entire region has shown up in surveys as the number two retirement destination and it is a darned good investment destination too, wouldn't you say at this type of annual appreciation with low taxes too?  If you are thinking about a retirement or investment opportunity, please, please come see us before you make a decision.  I am sure that you won't be sorry that you gave Norris Lake Tn, a look!

Comments (7)

Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369
Hi Gayle, Where in TN is the lake located? Nice that you can still retire to the lake. Looks lovely!
Feb 04, 2008 12:24 PM
Gayle Balaban
The Best Spot Realty/Waterfront Real Estate/Ooltewah Real E - Chattanooga, TN
E. TN Waterfront Real Estate
Hi Debbie The lake begins about 25 miles northwest of Knoxville Tn.
Feb 04, 2008 12:26 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
Gayle, The area looks absolutely beautiful...what a lovely place to retire to!
Feb 05, 2008 12:19 AM
M A
Boston, MA
OK.... NOW I'm ready for retirement!!!!  When can I move in!!!
Feb 05, 2008 01:17 AM
Leslie Bloss, Bellevue Real Estate Professional
Bellevue, WA

Hi Gayle,

Looks like a great place.  Can you give us prices etc.?  I would also like to know about the average temperature in the summertime.  Thank you.

Feb 05, 2008 10:16 AM
Gayle Balaban
The Best Spot Realty/Waterfront Real Estate/Ooltewah Real E - Chattanooga, TN
E. TN Waterfront Real Estate
Sure Leslie.  At the beginning of summer it is around 77.  By July it is running in the mid 89's.  August gets hotter but only for a few weeks and of course it is cooler on the lake.  Prices for waterfront on Norris Lake runs in the mid 300's for nice condos and 500 up for private homes.  Lake views rin about 25% less.
Feb 05, 2008 02:04 PM
Anonymous
Courtney
We have a rental property on Norris and it is very successful.  I recommend it to investors and retirees.  Just make sure your house was built well.  They don't have building codes like most.  Our house, while beautiful and very sturdy, is a plumbing NIGHTMARE.  It makes it challenging to manage from a far.  And the work ethic of the locals leaves something to be desired.  But other than that, an A+ investment!
May 05, 2008 02:40 AM
#7