340 Parsons Shores Drive, Sharps Chapel, TN 37866
Active $1,250,000
2 Full
2 Beds
2,658 SqFt
5.3 Acres
- 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.
- Year Built: 1997
- Air: Ceiling Fan(s),Central Air
- Heat: Central
- Water: Well
- Sewer: Septic Tank
MLS#: 3184189
I'd love to show you this lakefront home. — Alex
Alex Warren, REALTOR®
Affiliate Broker, PARIS
731-819-7536
My name is Alex Warren, and I am happy to call Dresden, Tennessee, my hometown. Growing up on a chicken farm instilled in me a strong work ethic and a deep appreciation for the value of hard labor. I ...
Hi, I'm Alex.
I'd love to walk you through this lakefront home with basement & wooded lot. Let me know when works for you — I'll make it easy.