This catches out a lot of people who book a lakeside cabin for early spring.
TVA manages Blue Ridge as part of a flood-control system, which means lowering the reservoir through late autumn and winter to create storage for the wet months, then refilling as spring rain eases. At the bottom of the drawdown, the lake is visibly smaller: red clay banks, rock and old stumps show above the waterline, private docks can be left sitting on ground, and marina ramps may be out of the water.
It refills through spring and sits near full pool for the summer, which is when the lake looks like the marketing.
Practical consequences. A March or early April booking sold on lake views delivers a view of a smaller lake with a wide muddy margin. Boat launching can be limited at low water. If a lake holiday is the point of your trip, aim for late May through October. If you want the lake to yourself and do not care what it looks like, the drawdown months are quiet and cheap.
The exact level varies year to year with rainfall, so treat this as a pattern rather than a calendar.