Check out the fireplace!! 5 riverfront acres in Tennessee. $1,275,000.

Property Overview

Price: $1,275,000
Address: 340 Parsons Shrs, Sharps Chapel, TN 37866
Property Type: A-Frame Single Family Residence
Living Space: 2,658 sq. ft.
Bedrooms: 2 bedrooms (plus a spacious loft suite with an en-suite bath functioning as a primary 3rd bedroom)
Bathrooms: 2 full baths
Capacity: Currently furnished to comfortably accommodate up to 8 guests

This expansive A-frame offers incredible lakeside space, luxury finishes, and plenty of room to host family gatherings. Anyone looking for a premium residence for sale will instantly fall in love with how seamlessly comfort and style blend together in this beautiful location.

Premium Lot & Location Features

Acreage: 5.3 private, wooded acres
Location: Located right on Norris Lake, adjacent to one of the area’s most sought-after communities
HOA: No HOA restrictions
Water Frontage: Approximately 150 feet of year-round water frontage
Views: Breathtaking, expansive, and undeveloped views of Island F, mountains, and the river
Topography: Wooded, private, and beautifully rolling slope

The massive acreage delivers unmatched privacy and a tranquil atmosphere away from the hustle of city life. This rare estate makes a phenomenal property for sale for buyers searching for absolute freedom and a secluded waterfront sanctuary.

Waterfront & Outdoor Living

Private Transferable Dock: Includes a covered dock with a boat lift, canopy, sundeck, and jet ski port (permitted for a second)
Decks & Patios: Wraparound deck, dedicated hot tub deck, covered porch, patio, and private balcony
Entertaining Spaces: Lakefront fire pit and multiple distinct outdoor entertaining areas
Parking: 5 open concrete parking spaces and a gated gravel driveway

The resort-style outdoor layout is carefully designed to offer the ultimate year-round lake lifestyle. This gorgeous setting is the absolute perfect match for anyone seeking a true luxury house for sale with elite boating amenities right in their backyard.

Interior & Modern Upgrades

Recent Renovations: Extensively renovated in 2023 with fresh interior and exterior paint
Flooring: Refinished cherry hardwoods and premium tile flooring
Ceilings & Architecture: Soaring high ceilings and dramatic windows
Main Fireplace: Two-story stone fireplace equipped with 2024 remote-start gas logs
Smart Home Technology: Integrated smart cameras, smart lighting, smart thermostats, and smart locks
Appliances: Electric oven/range, dishwasher, disposal, microwave, refrigerator, washer, dryer, and water purifier

The interior balances rustic charm with tech-forward enhancements to elevate your day-to-day living experience. From the high ceilings to the smart layout, this magnificent property for sale provides the ultimate move-in ready modern comfort.

Investment & Expansion Potential

Short-Term Rental Potential: Strong STR history with an estimated potential of $80K+ per year (no rental restrictions)
Secondary Build Site: Features a cleared secondary build site with its own independent septic system
Compound Potential: The secondary site and gated drive provide rare potential to build a guest house or a multi-property compound
Year Built: 1997

With no HOA limitations, the property offers long-term flexibility to function equally well as an income generator or a personal family compound. Secure your piece of paradise today with this flexible and highly profitable house for sale on the lake.

From Zillow

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 ¾-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.