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Active
$299,900 Est. $2,066/mo — Get pre-qualified
2beds 1baths 858sq ft 0.5acres

207 Main Street · Butler, TN 37640

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Watauga Lake Getaway with Three Finished Spaces!

Looking for a Watauga Lake getaway with room for family, friends, hobbies and outdoor living? This one-of-a-kind property offers three separate finished spaces on approximately half an acre directly across from beautiful Watauga Lake, with a public boat launch just across the street and two marinas within approximately 1.5 miles.

At the heart of the property is a charming restored 1935 farmhouse originally located in Old Butler and moved to its present location when the Tennessee Valley Authority created Watauga Lake. The main cottage features two bedrooms, one spacious bath with laundry, original heart pine floors, an updated kitchen and bath, restored original details, newer heat pump, updated insulation, and a new roof and sheathing.

But what makes this property truly special is everything beyond the main cottage. A separate finished party barn provides additional flexible space with a living area, kitchen, bedroom, full bath and garage-style door that opens to the outdoor entertaining area. A detached finished tiny house provides additional guest, studio or sleeping space.

The fully fenced yard offers plenty of room for pets, gardening and gatherings, while the upper portion of the property provides elevated views of Watauga Lake. Enjoy mornings on the porch, evenings overlooking the water, and boating, fishing, kayaking and swimming just steps from home.

Offered furnished with limited exclusions and no HOA, this distinctive property is ideal for buyers looking for a lake getaway, full-time residence, multi-space retreat or property with flexible guest and recreational areas.

This is not simply a small cottage. It is an opportunity to enjoy the Watauga Lake lifestyle with multiple finished spaces and lake access right outside your door. Take time to watch the video and explore the virtual tour and schedule your visit today!

Features & Amenities

Living Area858 Sq.Ft.
Bedrooms2
Baths1
FireplaceNo
Virtual TourOpen Virtual Tour
Year Built1935
StatusActive
Lot Size0.5 Acres
CountyJohnson
Property TypeResidential
Property SubTypeSingle Family Residence
Days on Market132
Last UpdatedSep 30, 2026
HOANo
ElementaryTN Elementary School
MiddleUnknown Middle School
HighOut of Area High School
Presented By: Boone Real Estate; bob@boonerealestate.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Sep 30, 2026 Price Reduced $315,000 → $299,900 ▾ $15,100 (4.8%)
May 22, 2026 Price Change $385,000 —
May 27, 2026 Price Change $375,000 3
Jul 11, 2026 Price Change $369,900 1
Jul 17, 2026 Price Change $365,000 1
Jul 22, 2026 Price Change $359,900 1
Jul 29, 2026 Price Change $349,900 3
Aug 27, 2026 Price Change $324,900 7
Sep 9, 2026 Price Change $319,000 2

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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High Country Association of REALTORS (HCAOR) © Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Last Update: Sep 30, 2026