Once in a lifetime opportunity to own this stunning acreage property on the Tennessee River within 15 minutes of downtown Chattanooga. Family owned for multiple generations, the property is subject to a conservation easement which will ensure the continued stewardship and preservation of the natural setting, including the various plant and animal life and the beautiful lake and river frontage, while still allowing the use and enjoyment of this amazing property. Located on a controlled waterway, this 167 +/- acre property has a gated entry and currently has a caretaker's house, the ''Lodge'', a log cabin, and the ''River House'' which is perfectly positioned with views of the river gorge. The Conservation Easement will allow up to 7 individual residences, including the 3 existing structures which can be utilized or replaced depending on your needs and vision for the property. The 4 additional home sites are located along the private lake with the river and mountains as an additional scenic backdrop. There is a levy that provides a natural path along the river, and both the levy and the private road along the water provide a wonderful place to walk, bike or run. Lighted tennis courts, a bocce ball court and greenspaces provide additional recreation opportunities. Your tour of the 3 homes begins with the caretaker's house which is the first home on the right. Its location allows for convenient oversight of visitors, the water, the piers/boating and the tennis courts. The ''Lodge'' is just down the road on the left and currently has 2 bedrooms and 3 baths, with the primary bedroom on the main, an open living plan, and fantastic outdoor living spaces including, a screened in porch and tiered deck with views of the water and easy access to the bocce ball court. The next structure you come to on your tour is the ''Caldwell Cabin'' which was moved from Southwest Virginia and rebuilt on the site, providing a bit of history and wonder as it stands the test of time. The final structure you come to is the "River House" which was strategically positioned here to take full advantage of the views. It is also the site of the old Kelly House, as the river below is known as Kelly's Ferry Landing which was the crossing place for both supplies and troops during the Civil War. By far the largest of the three homes, the main level has a foyer, kitchen open to the dining and great room, primary suite, powder room and laundry room. The upper level has a 2nd bedroom, a full hall bath, and a loft area that is currently being used as a 3rd bedroom. The daylight basement offers a large family room, another full bath, 2 bonus rooms, a single garage, and a large unfinished storage area. The home also has a rocking chair covered front porch, covered patio, and open deck area to enjoy this wonderfully peaceful setting. Notably, the homes are on city water. Acreage, privacy, location, and setting - this property simply has it all and truly represents a unique opportunity so please call for more information and to schedule a private showing. Advanced notice and pre-qualification is required. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.