On the south western border of Chattanooga is Elder Mountain. Elder Mountain is a very exclusive area that is gated. All of the lots on elder Mountain are more than 1 acre in size. The residential section of the mountain borders thousands of acres owned by TVA and used to produce hydroelectric power. The homes on Elder Mountain are very private and wooded. Home prices start in the $300,000 price range and go up into the million dollar price range. On the drive up to Elder Mountain is a lake and miles of hiking and biking trails at Raccoon Mountain.