Cherokee Lakefront lot priced below That's right. This 1/2 acre rolling lot is primarily wooded but offer 93 ft of shoreline on Cherokee Lake during the spring and summer months. Dock-able with TVA permit. Year round lake and mountain views. Chelaque is a gated community with private boat ramp and marina. Site built homes only with 1400 sq ft minimum. Well and septic needed; electric at the road. Homeowner association dues per year. Perked for 3 bedroom septic at time of development. Get the lot while it's still available at this low price.