Florence New
REALTOR®
BEDS2
BATHS2 full
SQUARE FEET2,658
MLS#3184189
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONNorris Shores / Tanglewood
Property Description
5+ PRIVATE ACRES on NORRIS LAKE with NO HOA, PRIVATE DOCK, STRONG STR & EXPANSION POTENTIAL - offering lake living without limits. Located adjacent to one of the lake's most sought-after communities, this 5.3-acre property delivers exceptional privacy, flexibility & long-term investment upside. Accessed via a scenic 3/4-mile road ending in a cul-de-sac, the setting is quiet and low-traffic, surrounded by large-acreage homes. The property includes approximately 150 ft of year-round water frontage with a private transferable dock featuring boat lift, canopy, sundeck & jet ski port (permit for 2nd), along with expansive undeveloped views of Island F. The 2,658 sq ft A-frame offers 2BR/2BA plus a spacious loft suite with en-suite bath, functioning as a primary 3rd bedroom. The home is currently furnished to comfortably accommodates up to 8 guests. Renovated in 2023 with refinished cherry hardwoods, fresh interior/exterior paint & a dramatic 2-story stone fireplace with 2024 remote-start gas logs. A cleared secondary build site with its own septic system & gated gravel drive provides rare expansion potential for a guest home or future compound. Outdoor living features multiple entertaining areas including a wraparound deck, hot tub deck & lakefront fire pit gathering space. With no HOA & no rental restrictions, the property functions equally well as a private retreat, full-time residence, or income-producing short-term rental with approximately $80K+/year potential. Offered furnished with STR branding & marketing assets available for transfer, presenting a rare opportunity to own acreage, privacy & income potential in one of East Tennessee's most desirable Norris Lake settings.
Property Features
Property Type: Residential - Single Family
Basement: Crawl Space
Cooling: Ceiling Fan(s), Central Air
Fireplaces: 1
Heating: Central
Home Style: A-Frame
Lot Size: 5.30 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $2,226
Year Built: 1997
Amenities
Air Filter
Ceiling Fan(s)
Entrance Foyer
High Ceilings
Hot Tub
Redecorated
Smart Camera(s)/Recording
Smart Light(s)
Smart Thermostat
High Speed Internet
Dock
Balcony
Smart Camera(s)/Recording
Smart Light(s)
Smart Lock(s)
Feature Descriptions
Appliances: Electric Oven, Electric Range, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Purifier
Association Amenities: Underground Utilities
Days on Site: 28
Exterior: Frame
Fireplace: Gas, Great Room
Flooring: Wood, Tile
Laundry: Electric Dryer Hookup, Washer Hookup
Lot: Private, Rolling Slope, Views, Wooded
Other Equipment: Air Purifier
Parcel#: 034 21500 000
Parking: Concrete, Driveway
Parking Notes: Concrete, Driveway
Patio/Porch: Porch, Covered, Deck, Patio
Security: Fire Alarm, Security System, Smoke Detector(s)
Sewer: Septic Tank
Topography: Private, Rolling Slope, Views, Wooded
Water: Well
Water Features: Lake Front, Year Round Access
Local Schools
High School: Union County High School
Middle School: H Maynard Middle School
Elementary School: Sharps Chapel Elementary
Listed By / Shown By
Listed By
Agency Name: Benchmark Realty, LLC
Agency Phone: 6154322919
Shown By
Agent Name: Florence New
Agent Phone: (615) 668-8007
Agency Title: ExCEL Real Estate & Development Co.
Estimate Your Payment
Estimated Payment
$ 3,394.97 per month $2,837.60 Principal & Interest $185.50 Property Tax $371.88 Homeowner's InsuranceChange Payment Information
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340 Parsons Shores Drive | MLS# 3184189
This single family home located at 340 Parsons Shores Drive, Sharps Chapel, TN 37866 is currently listed for sale with an asking price of $1,275,000. This property was built in 1997 and has 2 bedrooms and 2 full baths with 2658 sq. ft. Parsons Shores Drive is located in the Norris Shores / Tanglewood subdivision. Search Norris Shores / Tanglewood real estate on fnew.excelredtn.com today.