USATNSharps ChapelNorris Shores / Tanglewood340 Parsons Shores Drive

$1,250,000

For Sale

6 months ago

340 Dr, Sharps Chapel, TN

Name: 340 Dr, For Sale in Sharps Chapel - eXp Realty
Brand: Benchmark Realty, LLC
SKU: 3184189
Price: 1250000 USD

House

MLS® 3184189

2 Bed

2 Bath

2658 sqft

5 Parking

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2658 sqft

Garage

Taxes $2,226

Days Active 164

Lot Size 5.3 Acres

Approx. Age 1997

Avg. Price Per Sqft $470

MLS® Number 3184189

Property Address: 340 Parsons Shores Drive, Sharps Chapel, TN, 37866

Average square foot calculated using Size range provided by listing agent.

Description

PRICE IMPROVEMENT — $1, 250, 000 | BREATHTAKING LAKEFRONT HOME | 5+ PRIVATE ACRES on NORRIS LAKE | NO HOA | PRIVATE DOCK | 3-BEDROOM CONFIGURATION | SLEEPS 8 | STR & EXPANSION POTENTIAL — Immediately adjacent to sought-after Norris Shores, this 5.3-acre property offers privacy, flexibility & investment potential, with the same large-acreage character of the surrounding area — but without an HOA. A scenic ¾-mile road ends in a quiet cul-de-sac surrounded by large-acreage homes. 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.

MLS® Number3184189

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1997

BasementCrawl Space

DrivewayConcrete, Driveway

Garage Spaces

HeatCentral

A/CCeiling Fan(s), Central Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 20, 2026List Date

$1,250,000List Price

Commute

Commute

Starting Address

Destination Address

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