View Mariner's Pointe Overview

Lot Description

Auctions 12 00 PM 11/15/2018 Nominal Opening Bid Sells to the highest bidder at auction above View Mariner's Pointe Overview Video View Mariner's Pointe Video Tour Note This property auction is being conducted at the direction of the Owner and is not a foreclosure or distressed sale. Mariner's Pointe Resort was previously a time share property with 47 condos in four buildings. Property contains meeting rooms, indoor spa, fitness center, outdoor pools, 18-hole miniature golf course, marina building with floating dock, laundry and housekeeping building all situated on 18.52+/- ac. There are 27 one-bedroom units that have a pool and lake view. The property encompasses about 2,000' of shoreline on the unique Cumberland Plateau, overlooking the 230-Acre Lake Holiday. There are seven buildings for occupancy on the Resort campus, with 63,235+/- sf of climate-controlled space. The Resort is located only 4 miles from I-40 via a newly constructed 3-lane access road. The property, originally developed in 1968 as a country club, was reconstructed and expanded with new development as a timeshare resort destination in 1981. This property neighbors the Crossville Memorial Airport as well as the Cumberland County Playhouse, which is 1 of the 10 largest professional theaters in rural America. It serves more than 145,000 visitors annually. The Resort was a significant location for the 1989 movie Tennessee Waltz, featuring Julian Sands, Ned Beatty, Rod Steiger, and Stacy Dash. On Lake Holiday's shore, there are two 6-unit 1983 & 1985 and one 8-unit 1988, 2-level frame buildings totaling 21,121+/- sf, containing twenty 2 bedroom condominium units of 1,111+/- sf each, with docking for each unit. The Marina building 1987 contains 1,562+/- sf, plus a covered fishing pier. The Marina serves a floating aluminum dock with 12 slips near the electronically controlled, gated access ramp into the lake. The Marina area accesses the 1000' boardwalk, which takes you past the 18-hole lakeside, championship miniature golf course, to the beach activity area, containing approx 500' of shoreline. The Resort Laundry & Housekeeping building provides laundry services to the Resort residents with 40, 55, and 75 Continental Commercial washers of current vintage. Other amenities at the Resort include lighted tennis and basketball courts, fishing boats, paddle boats, a fish cleaning station, and picnic areas with outdoor grills. Suggested uses include an apartment community, retirement community, condominium complex, and/or multiple other uses. Broker Licenses TN Dean C. Williams RE LIC 00287618 RE LIC 00257408 Thomas Barnes AUC LIC 5125 AUC LIC 00002215