Further price reduction of $20,000 to $399,000. This is a compelling value on Ripshin Lake, and is the most aggressively-priced home in the community for which the sales price includes full payoff of all previous assessments! RARE Appalachian retreat. Mountain Cottage in the exclusive Ripshin Lake community - a hidden gem nestled in the heart of the Appalachian Mountains! Perched in an enviable location overlooking the lake's deepest basin, this mountain retreat offers breathtaking southwest-facing views of the shimmering waters and the picturesque Unaka Range. Recent updates include a new well, updated roof, HVAC, flooring, fresh paint, and plumbing, yet preserving the rustic charm. This property is part of the Ripshin Lake Corporation, a unique structure fully owned and directed by the lake's property owners. As an equal shareholder, the owner has access to over 120 additional acres of corporate land as well as the IDYLLIC 60+ acre Lake. Owners have a voice in preserving and enhancing this special environment and maintains a stake in its pristine assets and operations. Adjacent to the Cherokee National Forest and the Roan Highlands, Ripshin Lake is surrounded by the majestic beauty of the Unaka Ridge. Established nearly 70 years ago, this private enclave is dedicated to the serene enjoyment of East Tennessee's natural wonders, offering unparalleled opportunities for fishing, boating, hiking, and peaceful relaxation. Additionally, significant community improvements include updates to the Ripshin Lake Dam, ensuring compliance with modern regulatory standards and safeguarding the lake's sustainability for generations to come. All assessments related to these updates have been fully paid, providing peace of mind to the next owner. Whether you're seeking a tranquil retreat to unwind or an active outdoor lifestyle, Ripshin Lake delivers the perfect blend of natural beauty, adventure, and community stewardship. Buyer/Buyer's agent to verify all MLS info.