Hendersonville Lakefront Homes
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Hendersonville TN
Hendersonville in Tennessee is completely different from the Hendersonville in South Carolina because it is located on Old Hickory Lake.
Years ago, the Cumberland River flowed through this area of Hendersonville and Gallatin with the majority of land being farm land and plantations. This was a community on the out skirts of Nashville and not yet really popular with commuters.
Creation of Old Hickory Lake
In the mid 1960's the Army Corp of Engineers created a dam in the Cumberland River and in doing so created the Old Hickory dam.
In the process of creating the lake all of a sudden what had been just farm land became valuable lake front real estate in places like Hendersonville and Gallatin.
The Army actually controls all the land around the lake in order to be able to control the level of the lake to maintain the water levels and the dam itself. The Corp grants the home owners the right to install and maintain a dock on the corp. property.
The Value of a Boat Dock
As long as the dock owner follows the rules and regulations the corp will continue to issue the owners a dock permit. However, if the home owners don't follow the guidelines and flout the rules they will lose their dock permit.
The permits are not issued very often. The corp meets every 5 years to consider the applications and new issues are few and far between.
The addition of a dock to a lakefront home realistically adds about $150,000 to $200,000 on the value of the home.
New homes in Fairvue Planation in Gallatin and the Foxlands, in Hendersonville, golf communities on the lake don't have dock permits yet for the lake front lots and homes that currently exist. It is every ones hope that the corp will either issue a community dock permit as that has been the expectation since the lakefront golf course community was built but as of October 2007 the decision has not been made.
Hendersonville made its Hollywood debut when it was shown that Johnny Cash bought a lake home in Hendersonville in the late 60's and lived there until his recent death. The film "Walk the line" showed Johnny working on cleaning up his lakefront lot and actually getting stuck in the water and almost killing himself in the process.
The actual home was not used for the movie as the access for the film crew was deemed to be too difficult. Unfortunately not long after the film was released the real lake home in Hendersonville burnt down. Barry Gibb of the Bee Gees had bought the Cash home for around $2m and was in the process of renovating it when it cought on fire and burnt down.
Hopefully Barry will rebuild the Cash lake home and perhaps retain some of the old structure. The boat dock was probably not effected by the fire but that is uncertain at the moment.
