Charming Restored 1935 Farmhouse Across from Watauga Lake. Located on over half an acre directly across from beautiful Watauga Lake, this lovingly restored 1935 farmhouse offers a rare blend of history, character, and modern updates. Originally part of Old Butler, the home was relocated to its current site when the Tennessee Valley Authority created the lake--giving it a unique and meaningful past. Watauga Lake spans 16 miles with over 100 miles of shoreline winding through the mountains, much of it bordered by protected national forest. The result is a truly breathtaking setting with exceptional opportunities for boating, fishing, kayaking, and swimming--all just steps from your front door. Enjoy peaceful evenings on the front porch watching the sun set over the lake, or take advantage of the public boat launch directly across the street. Two marinas are within 1.5 miles, including one just across the road, making lake access effortless. Inside, the home features original heart pine floors and a thoughtfully updated interior that preserves its historic charm while adding modern comfort. Recent improvements include a new roof and sheathing, restored original wood siding with custom-milled replacements, updated insulation, and a newer heat pump for year-round efficiency. The kitchen and bath have been tastefully updated. The main home offers an open living and dining area, two bedrooms with lake views, a spacious bathroom with laundry, a mudroom, and an unfinished basement for storage or future expansion. The backyard is designed for both relaxation and entertaining, featuring a hot tub area, a detached tiny house bedroom, and a party barn complete with a bedroom, full bath, living space, kitchen, and an insulated garage door that opens to the patio. The fully fenced yard provides plenty of space for gatherings with family and friends and added safety for pets. Offered fully furnished and turnkey, this property includes everything needed to begin renting immediately, with the exception of artwork and a few small exclusions. With frontage on both Main Street and Hill Street, the property also offers elevated vantage points with stunning lake views from the upper portion of the lot. This one-of-a-kind lake property is perfect as a full-time residence, vacation getaway, or investment opportunity.