340 Parsons Shores Dr, Sharps Chapel, TN 37866
- $1,250,000
- 2
- BD
- 2
- BA
- 2,658
- SqFt
- List Price
- $1,250,000
- Price Change
- ▼ $25,000 1790899036
- MLS#
- 3184189
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Sharps Chapel
- County
- Union
- Bedrooms
- 2
- Bathrooms
- 2
- Baths Full
- 2
- Living Area
- 2,658
- Lot Size
- 230,868
- Year Built
- 1997
- DOM
- 170
Property 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.
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Additional Information
- Acres
- 5.30
- Appliances
- Electric Oven, Electric Range, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Purifier Owned
- Basement
- Crawl Space
- Cooling
- Ceiling Fan(s), Central Air
- Exterior Features
- Dock, Balcony, Smart Camera(s)/Recording, Smart Light(s), Smart Lock(s)
- Living Area
- 2,658
- Style
- A-Frame
- Subdivision
- Norris Shores / Tanglewood
- Topography
- Private, Rolling Slope, Views, Wooded
- View
- Lake, Mountain(s), River, Water
- Year Built
- 1997
- Subdivision
- Norris Shores / Tanglewood
- Topography
- Private, Rolling Slope, Views, Wooded
- Heating
- Central
- Fireplaces
- 1
- Water
- Well
- Sewer
- Septic Tank
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Agent: James Daley | James@jamesdaleyhomes.com
Office: Benchmark Realty, LLC | 6154322919
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.