0 Periwinkle Way Unit 1512246 Dunlap, TN 37327
Cagle-Fredonia NeighborhoodEstimated payment $4,555/month
Highlights
- Panoramic View
- 232.05 Acre Lot
- Wooded Lot
- Gated Community
- Private Lot
- No HOA
About This Lot
The ''Eagles Leap'' Tract. Here is a rare opportunity to own a large-acreage tract within the gates of Fredonia Mountain Nature Resort (FMNR). FMNR is a 3,500 acre gated-community atop the Cumberland Plateau designed with features intended to connect people with nature such as hiking/biking trails, parks, lakes, ponds and a community lodge. This 232.05 acre tract has been specifically set aside by the current owner from its continued development and declared as ''conserved land'' to retain its considerable natural and scenic values but with substantial retained rights for its perpetual use. The tract has therefore been exempted from the FMNR home owners' association (''HOA''). Restrictive Covenants ensuring the conservation values of the tract are recorded in a Conservation Easement (''CE'') administered by The Foothills Land Conservancy. Certain provisions of the CE do, however, allow for the installation of improvements such as roads, residences, outbuildings and ancillary improvements. Other notable allowances include: Hunting, Wildlife Management, Leasing, Agriculture, Forestry and Forestry Management, Public Access and Subdivision (one division is allowed along a designated severance line to create a 160+/- acre parcel and a 70+/- acre parcel). Views extend from the upland brow over the Woodcock Gulf and Sequatchie Valley beyond. Woodland habitats flourish under the deciduous Oak / Hickory Forest canopy and vary with elevations ranging from 2240 ft highland plateau to 1640 ft watershed cove. Creek gorges with tumbling water falls, glistening pools and moss-covered stones contain native species such as rhododendron, hemlock, mountain laurel and native azalea. Springtime wildflowers abound with may apple, trillium and lady slippers. Wildlife common to the area is found here including deer, turkey, opossum, raccoon, bob cat and many varieties of local and migrating birds. There are several points of convenient access to the tract from Hobbstown Rd (a public ROW) and from private roadways within FMNR: Roaring Creek Rd, Periwinkle Way and Turkey Trail. The two designated 1 acre home sites (in fixed locations; one on each side of the permitted division) are near Periwinkle Way and Turkey Trail for convenience of construction and installation of utilities. Under the current CE, there are no minimum square footage requirements or architectural control elements regarding the construction of a future residence. If a future owner were to voluntarily choose to join the FMNR HOA it would come with those certain privileges and obligations the HOA affords. This tract is appealing to those who value superior land features especially when held in the useful-continuity of a large acreage tract. Further, the perpetual nature of the conservation easement assures its value-continuity as a legacy piece to future generations.
Property Details
Property Type
- Land
Est. Annual Taxes
- $628
Lot Details
- 232.05 Acre Lot
- Property fronts a private road
- Property fronts a county road
- Rural Setting
- Partially Fenced Property
- Rock Outcropping
- Private Lot
- Secluded Lot
- Lot Has A Rolling Slope
- Wooded Lot
- Additional Parcels
Property Views
- Panoramic
- Skyline
- Woods
- Mountain
- Rural
- Valley
Schools
- Griffith Elementary School
- Sequatchie Middle School
- Sequatchie High School
Farming
- Agricultural
- Pasture
Utilities
- No Utilities
- Water Not Available
- Sewer Not Available
Listing and Financial Details
- Court or third-party approval is required for the sale
- Assessor Parcel Number 049 003.02
Community Details
Overview
- No Home Owners Association
- The community has rules related to deed restrictions
Security
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | For Sale | $812,175 | -- | -- |
Source: Greater Chattanooga REALTORS®
MLS Number: 1512246
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