---

---

---

Property Description
OFFERING AT PUBLIC ONLINE AUCTION TILAWA MARINA AND CAMPGROUND ON BEAUTIFUL WATAUGA LAKE!!! 25 + or - ACRES Bidding period opens Sept 13 at 8:00 a.m. And begins closing Sept 21 at 6:00 p.m. AUCTIONEERS NOTE: ''Tilawa land of wind rain and mountain water. ''Fantastic opportunity to own one of the few marinas that are currently licensed on beautiful Watauga Lake. We are proud to offer this exciting opportunity for public online bidding. Tilawa Marina, (formerly Pappy's Marina). Marina is currently not in operation but all licenses and approval are in effect with TVA. Tilawa has been approved for 6 large boat slips for boats over 40' in length. 22 Boat slips were in place prior to the marina ceasing operation. 18 Campground sites are in place. Marina and harbor electric stabilization have been approved by TVA. Septic has been approved below the 1980 line. According to the TVA River and Reservoir Operations Study, Watauga Lake is approximately 16.3 Miles long, with 1084.9 miles of shoreline. According to the TVA, the summertime water level target, at ''full pool'' the lake surface covers 6,430 acres and the estimated depth of Watauga Lake is 265'at the dam. At full pool, Watauga's elevation is the highest of all TVA lakes at 1,959' above sea level. More than half of Watauga Lake's shoreline lies within the Cherokee National Forest and cannot be developed. Recreational uses include boating, fishing, water-skiing, and camping. TERMS AND CONDITIONS: 10% down at contract signing. A 10% BUYER'S PREMIUM WILL BE ADDED TO THE FINAL BID TO DETERMINE THE FINAL CONTRACT PRICE. Closing to be within 30 days of contract signing. If you do not have a working relationship with our auction company, you will need to provide a $20,000.00 deposit before you will be approved for bidding. The Sale is subject to court approval. Buyers and Buyers agent to verify all information. Property is being sold to settle and estate.

---