Lost Cove was reportedly settled shortly before the Civil War by Morgan Bailey.
Lost Cove was a thriving Appalachian logging and farming community for about 100 years. The location and terrain of the community were difficult to navigate, and, when the railroad stopped making regular stops in the community, residents were forced to leave the community. The last resident left the community in 1957. In June 1972, the Bumpass Cove Environmental Controls and Minerals Corporation obtained a permit to operate a sanitary landfill located in an old mining site near the head of the cove. This was closed in December 1979, due to illegal dumping operations along with health and environmental concerns.
From the description of Benjamin J. Cramer collection, 1995. (East Tennessee State University). WorldCat record id: 191675725