Crossville, TN Once in a life time private lake opportunity! Quiet and secluded in a gated community. Fish and dream from the large wrap-around deck or from your dock! Enter the great room from the wrap-around deck. There is a lower deck also. Open plan with kitchen and dining areas. The master bedroom has access to the wrap-around deck also. In the master bath you will find a glass block, tiled walk-in shower and a walk-in closet. Turner Lake is about 130 acres. 1300' +- of water frontage. All furniture, TV, washer/dryer convey. Don't miss this opportunity! Turner Lake, Inc. was formed in 1987 by attorney Larry Turner after he developed the 175 acres of property and 10 separate building lots. The assets of Turner Lake, Inc. includes a 130 acre lake, unused prop property on both sides of entrance road, and sizeable frontage along I-40 and lengthy road frontage along Peavine Road. The Corporation has 10 shareholders with each owning 100 shares of stock. The stock is restricted stock that can only be owned by the owners of the 10 lots. Each owner is entitled to name a Director to the Corporation. Annual and special meeting are held by the stockholders and directors. Turner Lake, Inc. is a for profit Corporation that has no debt and in fact around $35,000 in the bank. In the opinion of many the Corporation has a value of between one and two million dollars. $495,000 gets you all this and the boat house is free!!!!
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