Online Auction Underway For 42 Lots At Lookout Highlands On Lookout Mountain

Saturday, November 16, 2013

An online auction is underway for 42 lots at Lookout Highlands on Lookout Mountain.

Bruce Potts of Potts Brothers Land and Auction said owner George McGee is retiring and wants to liquidate the unsold lots at the development 35 miles from Chattanooga just south of the Trenton-LaFayette Highway. It is off Highway 157 across from the Canyon Ridge Golf Club.

There are 55 permanent or vacation homes at the 1,500-acre property.

Mr. Potts said the owner "has been out here for 22 years and now he is ready to move on to something else."

The lots range from three acres to 17 acres.

Potential bidders need to go to the Potts Auction website at http://pottsbrothers.com/

They can view the amount of the current bid and, after registering, can go online to make a higher bid. Also, lots can be clustered.

Mr. Potts said the close of the auction is set for Thursday at 4 p.m. If there is a bid within 10 minutes of closing time, the auction will be extended for additional bidding. The extension will end when the bidding stops.

Terms are a 25 percent down payment with the balance due in 30 days.

There is a 10 percent buyer's premium.

Mr. McGee reserves the right to reject any and all bids if he considers them too low.

The property includes four lakes and miles of walking trails. There are two waterfalls on the common area of 525 acres.

Dues for the homeowners association are $550 per year, which includes paying for mowing and upkeep of the private roads.

A bidding center has been set up at the entrance to Lookout Highlands to give tours or help with the bidding process.

The bidding started on Nov. 7.

Bids thus far range from $5,000 to $10,500.




Planning Commission Recommends Approval for 4-Story St. Elmo Commercial/Residential Building

The Planning Commission on Monday afternoon approved a four-story commercial/residential project near the Incline Railway in St. Elmo. A number of residents of the historic suburb had expressed concern about the height of the building near Mojo Burrito on Old Mountain Road. Paul Teruya, a developer from the Southside, said he had held several meetings with neighbors and ... (click for more)

City To Work With Developers On Utilizing Long-Vacant Infill Lots

The city plans to work with developers to utilize long-vacant lots owned jointly by the city and county, officials said Wednesday. The county is being asked to relinquish its rights to 34 lots. Paul Parker, county real property manager, said the city will be the lead agency in seeking to find developers to use the lots for new construction. The properties would go back ... (click for more)

Haslam Signs Bill Ending Forced Annexation And Giving Tennesseans Right To Vote

Governor Bill Haslam signed HB 2371/SB2464 on Wednesday. The law ends forced annexations and gives Tennesseans the right to vote. The law now requires cities to annex by consent of the landowner or through referendum approved by a majority of the landowners to be annexed. As an additional protection to farmers, land primarily used for agriculture purposes may not be annexed by any ... (click for more)

One Of "Worst Of The Worst" Gets 10-Month Federal Sentence

One of the men labeled as the "worst of the worst" in a Chattanooga roundup was sentenced Tuesday to 10 months and three years supervised release after he pled guilty to one count of conspiracy to distribute crack cocaine. Guy Wilkerson told Federal Judge Sandy Mattice, "I'm just a young father and I want the best for my kids." He said he apologized and that he knew what he ... (click for more)

Time For Tennessee To Act On Climate This Earth Day - And Response

Tennessee will join the rest of the southeast region, the nation and countries across the world in celebrating Earth Day on April 22. The entire month of April is a great time to reflect on the strides we have made to reduce pollution over the last 44 years, and assess current environmental conditions while evaluating our personal responsibility to a cleaner environment.  ... (click for more)

Roy Exum: Why Jim Coppinger Excels

Jim Coppinger, who as the mayor of Hamilton County has understandably had to grow some thick skin, wants no part of the repulsive billboards now seen around town that ask, “Do you have gonorrhea?”  His Tuesday morning telephone call revealed he is just as disgusted as the rest of us who see them showing a picture of a forlorn African-American male. “You need to know the Hamilton ... (click for more)