Ralph Phelps Rd An exceptional opportunity to own 5 acres of prime waterfront land on Fort Loudoun Lake in Louisville, Tennessee. This expansive lakefront property is situated at the end of a private peninsula, offering panoramic views, a quiet cove setting, and one of the most desirable locations on the lake. The land is gently sloping and predominantly level, making it ideal for building a custom home, private retreat, or long-term investment property. With abundant shoreline and water exposure on multiple sides, the parcel offers breathtaking views and direct access to Fort Loudoun Lake-perfect for boating, fishing, and lakefront living. This property is truly one-of-a-kind, combining buildable terrain with rare privacy and uninterrupted water views. Utilities, including public water and electricity, are available at the road, and paved access ensures easy entry while preserving the secluded atmosphere. Located just minutes from Knoxville, Maryville, and McGhee Tyson Airport, this property offers both convenience and seclusion. It's an ideal location for those seeking a permanent residence, second home, or investment opportunity in one of East Tennessee's fastest-growing and most coveted lakefront regions. Waterfront lots of this size and quality are increasingly rare on Fort Loudoun Lake. Whether you are looking to build immediately or secure land for future development, this property offers outstanding lifestyle potential and long-term value. Site visits and inquiries available by appointment. Property will be conveyed with a shared ingress and egress maintenance agreement between the owners of Lots One and Two. A utility easement, along with a shared ingress/egress and maintenance easement, will be recorded across adjoining parcel 023 030.01 to provide access for utilities and driveway use.