This rare 1.95-acre combination lot (313 & 317 Chelaque Way) offers a unique opportunity to build your dream home in one of East Tennessee's finest lake communities. The property previously had a home, which was lost to fire in 2023, but all utilities are in place for a quick rebuild. A 415-foot-deep well produces 20 gallons per minute, and a 3-bedroom septic system is already installed. The concrete slab foundation remains, offering a head start on construction. Located in the prestigious Chelaque subdivision, this property enjoys a peaceful wooded setting with community access to Cherokee Lake. Chelaque offers exceptional amenities, including a boat ramp, marina (slips available for purchase), clubhouse, picnic pavilion, and pickleball court. The subdivision requires a minimum 1,400 sq ft site-built home, ensuring architectural consistency and neighborhood appeal. High-speed internet is available, perfect for remote work or streaming. With a list price of just $42,500, this property is an excellent value in a community where lakefront living meets convenience and comfort. HOA fees are $1,380 per year, covering both lots. Seize this chance to build your dream retreat on Cherokee Lake!