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191 Bear Ridge Dr, Butler, TN, 37640

5beds
3baths
4,733sqft
$1,175,000
$248price/sqft
$9,330/moest. monthly cost
$373,200/yrincome needed

About This Home

This is not just a home -- it's a rare high-capacity short-term rental opportunity designed for large groups, strong nightly rates, and flexible use. Located just ¼ mile from the marina, this 4,700+ sq ft property combines sleeping capacity, layout, views, and high-speed internet -- a combination that is extremely hard to find in this market. This 4,700+ sq ft mountain and lake-view property offers a rare combination of size, layout, infrastructure, and location that makes it uniquely suited for both personal use and income-producing short-term rental potential. Designed with flexibility in mind, the home comfortably accommodates large groups while maintaining excellent flow and usability across multiple levels. • Approved for 6-bedroom septic capacity -- a major advantage for short-term rental use • Custom-built bunk room with multiple beds, ideal for maximizing occupancy and nightly rates • Spacious layout well-suited for multi-family or group stays • Lower level includes a second kitchen / entertaining area, perfect for hosting separate groups or extended stays Short-term rentals in the Butler / Watauga Lake area commonly range from $300-$900+ per night depending on size and location, with larger group-oriented homes commanding premium rates. Based on size, layout, and capacity, this property has strong potential as a high-performing STR, with projected annual revenue in the $100K+ range depending on management and occupancy. What sets the property apart is: * Listed below appraisal • Spectrum high-speed internet -- a rare and critical feature in this area for guests and remote work • Whole-house generator for reliability and peace of mind • Located just ¼ mile from marina access, ideal for boating and vacation use • Strong flow, soaring ceilings, and large windows capturing mountain and lake views This home has extensive upgrades. It is move in / rental ready • New roof • Newly sanded and stained exterior with premium protective coating • Rinnai tankless hot water system • Brand new 6-bedroom septic system (replacing prior 2-bedroom system) • Fully renovated kitchens and bathrooms (high-end finishes) • New flooring, lighting, plumbing, and electrical throughout • Fresh interior paint • Added covered front porch Properties with this combination of: Large square footage High sleeping capacity Updated systems and infrastructure Marina proximity Reliable high-speed internet are extremely limited in this market. Whether used as a private retreat, multi-family getaway, or income-producing asset, this property offers scale, flexibility, and functionality that smaller homes simply cannot match. A rare opportunity to own a high-capacity, fully upgraded property in one of the area's most desirable lake-access locations WALLPAPER IS EASILY REMOVED. IF YOU DO NOT LIKE THE WALL PAPER SELLER WILL HAVE IT REMOVED FOR THE RIGHT PRICE!! Buyers, Buyer's agent to verify any and all information

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

6/10
Unaka Elementary SchoolGrades PK-84.1 mi
4/10
Unaka High SchoolGrades 9-125.5 mi
4/10
Hunter Elementary SchoolGrades PK-86.0 mi

Construction

Condition

  • Property condition: Above Average
  • Year built: 2003

Materials

  • Roof: Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cabin
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Range,Refrigerator,Trash Compactor,Washer
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Soaking Tub
  • Flooring: Carpet,Luxury Vinyl,Tile,Other
  • Fireplace features: Gas Log,Living Room
  • Fireplace: Yes
  • Finished area below ground: 1,787

Heating & Cooling

  • Heating features: Central,Fireplace(s),Pellet Stove,Propane
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 4,733
  • Total interior livable area: 4,733 sqft

Property

Details

  • Parcel number: 038p A 037.00
  • Zoning: Res

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Back,Deck,Front Porch,Porch,Side Porch
  • Fencing: Back Yard
  • Has view: Yes
  • View description: Mountain(s)
  • Topography of land: Level, Sloped

Lot

  • Lot size: 1.54 Acres
  • Lot size dimensions: see acerage

Parking

  • Total spaces: 2
  • Parking features: Asphalt,Attached,Circular Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Landslide
Lightning
Strong Wind

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,941$71,292
Home Insurance $873$10,476
Property Taxes $2,132$25,584
Electricity $384$4,614
Total$9,330$111,960

Income You'd Need if You Spent...

35% on housing$319,885/yr
40% on housing$279,900/yr
45% on housing$248,800/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.7%
9.7%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$248This listing

vs Other Active Listings

Avg $/sqft

ZIP 37640$387
Carter County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 37640
Carter County$151

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-17Price change$1,099,000
2026-04-10Price change$1,189,000
2025-12-20Price change$1,199,000
2025-12-05Price change$1,274,000
2025-09-17Price change$1,279,000
2025-08-20Price change$1,299,000
2025-07-12Price change$1,397,000
2025-07-03Price change$1,497,000
2025-06-23Price change$1,499,000
2025-06-15Price change$1,530,000
2025-06-08Listed for sale$1,550,000
2020-12-04Sold$626,000
2020-10-26Listed for sale$650,000
2020-10-08Pending sale$650,000
2020-09-25Listed for sale$650,000
2013-02-04Sold$320,000
2012-03-26Sold$450,336
2011-11-05Listing removed$549,900
2011-10-16Price change$549,900
2011-10-07Price change$574,900
2011-09-27Price change$549,900
2011-09-24Listed for sale$574,900
2011-08-01Listing removed$599,900
2011-07-12Price change$599,900
2011-07-02Price change$629,000
2011-02-24Price change$599,900
2010-11-25Listed for sale$629,000

For Sale by Agent

AgentLinda Zoldy
BrokerageBraswell Realty Inc. RM

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