CURRENTLY CALLED MAGNOLIA HARBOR PHASE 2, THIS RARE DEVELOPMENT OPPORTUNITY EXISTS ON BEAUTIFUL REELFOOT LAKE. THE OWNERS'S PRELIMINARY CONCEPT DESIGN FOR THIS PARCEL ALLOWS FOR APPROXIMATELY 75 HALF-ACRE LOTS IN A PLANNED LIVING DEVELOPMENT INCLUDING 14 WATERFRONT LOTS WITH 50 FEET OF SUBMERGED LAND FOR PIER, RAMP, AND BOAT DOCK. THE REMAINING 61 LOTS HAVE WATER ACCESS FROM A PUBLIC EASEMENT. THIS TRACT ADJOINS MAGNOLIA HARBOR NORTH WHICH WAS THE FIRST PHASE OF DEVELOPMENT WHERE ALL LOTS AND EXISTING HOMES ARE SOLD. REELFOOT LAKE, FORMED BY THE NEW MADRID EARTHQUAKE OF 1811-1812 COVERS APPROXIMATELY 50,000 ACRES INCLUDING WATER AND STATE-OWNED FORESTS. LOCATED IN NORTHWEST TN, THIS AREA IS A HAVEN FOR HUNTERS AND FISHERMEN. A MISSISSIPPI RIVER PORT IS UNDER CONSTRUCTION AND THERE IS A NEED FOR RESIDENTIAL HOUSING IN THE AREA.
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