340 Parsons Shores Drive Sharps Chapel, TN 37866
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,658 sqft
Price per Sqft $470
Subdivision Norris Shores / Tanglewood
MLS Listing ID 3184189
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1997
Annual Tax Amount $2,226
Lot Size 5.300 Acres
Acres 5.3
Property Sub-Type Single Family Residence
Property Description
Approx 150 ft of year-round water frontage features a private transferable dock with boat lift, canopy, sundeck & jet ski port (permit for 2nd), plus expansive views of Island F. Functioning as a 3-bedroom, the 2,658 sq ft A-frame offers 2BR/2BA plus a spacious loft suite with en-suite bath, currently configured as a primary 3rd bedroom, and comfortably sleeps 8.
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 permitted septic system & gated gravel drive offers flexibility for a guest home, future compound or additional residence.
The configuration creates a shared-purchase opportunity for family, friends or investment partners. At $1.25M, two parties could acquire the property at approximately $625,000 per party, with potential to create a shared lake compound. Comparable 5-acre waterfront building sites in the area have commanded approximately $300,000–$325,000 before a home and improvements.
Multiple outdoor living areas include a wraparound deck, hot tub deck & lakefront deck & fire pit area. With no HOA & no rental restrictions, the property functions as a private retreat, full-time residence or income-producing STR w/ approximately $80K+/yr potential. Rental Pro-Forma available. Offered fully furnished / turnkey for continued STR rental use. Established STR brand & marketing available.
Location
State TN
County Union County
Rooms
Main Level Bedrooms 2
Interior
Interior Features Air Filter, Ceiling Fan(s), Entrance Foyer, High Ceilings, Hot Tub, Redecorated, Smart Camera(s)/Recording, Smart Light(s), Smart Thermostat, High Speed Internet
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Wood, Tile
Fireplaces Number 1
Fireplace Y
Appliance Electric Oven, Electric Range, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Purifier
Exterior
Exterior Feature Dock, Balcony, Smart Camera(s)/Recording, Smart Light(s), Smart Lock(s)
Amenities Available Underground Utilities
View Y/N true
View Lake, Mountain(s), River, Water
Roof Type Shingle
Private Pool false
Building
Lot Description Private, Rolling Slope, Views, Wooded
Story 2
Sewer Septic Tank
Water Well
Structure Type Frame
New Construction false
Schools
Elementary Schools Sharps Chapel Elementary
Middle Schools H Maynard Middle School
High Schools Union County High School
Others
Senior Community false
Special Listing Condition Owner Agent
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