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East Tennessee Properties LLC
240 Gordon Drive, Spring City, TN 37381
- $625,000
- 3
- BD
- 2
- BA
- 1,498
- SqFt
- Sold Price
- $625,000
- List Price
- $649,900
- Closing Date
- Nov 28, 2025
- MLS#
- 3007716
- Status
- CLOSED
- Type
- Single Family Residential
- City
- Spring City
- County
- Rhea County
- Bedrooms
- 3
- Bathrooms
- 2
- Baths Full
- 2
- Living Area
- 1,498
- Lot Size
- 87,120
- Year Built
- 1971
Property Description
Lakefront Living with 2 Acres on Watts Bar Lake With NO HOA - Renovated 3BR/2BA Home with Income Potential! ✨Enjoy the best of lakefront living on beautiful Watts Bar Lake! This newly renovated three-bedroom, two-bath home is perfectly situated on a quiet cove, offering peace, privacy, and endless opportunities. PROPERTY HIGHLIGHTS: • Spacious Lot: Enjoy over 2 acres of level, all-grass land with the option to purchase an adjoining lot for even more space. • Turnkey Living: This home is being sold fully furnished - just bring your suitcase! • Income Potential: Already operating as a successful Airbnb/VRBO, the property generates $15,000-$20,000 annually with minimal rentals, with the potential to significantly increase income for an active host. • Outbuildings: Two versatile storage buildings (20x20 and 10x20), with the smaller unit already equipped with power. • Utilities: Private well currently in use (public water tap in place) and high-speed internet already connected to the home. LIFESTYLE & LOCATION: Nestled in a quiet area with serene lake views, this home offers the perfect balance of relaxation and recreation. Whether you're seeking a family getaway, primary residence, or income-generating investment, this property checks all the boxes. 📍 Don't miss this rare opportunity to own a large, level lot with the option to purchase a second adjoining lot (1 acre) — perfect for building an additional home or creating even more rental income. Call today for a showing! *Buyer to verify all information & measurements before making an informed offer*
Additional Information
- Acres
- 2
- Basement
- Yes
- Construction
- Frame, Vinyl Siding, Other, Brick
- Living Area
- 1,498
- Lot Description
- Other, Cul-De-Sac, Level
- Lot Dimensions
- 149x890 IRR
- Lot Number
- 2
- Style
- Traditional
- Subdivision
- Wallace & Liza True Estate
- Year Built
- 1971
- Subdivision
- Wallace & Liza True Estate
- Fireplaces
- 1
- Office Id
- 56316
- Agent Id
- 498143
Mortgage Calculator
Agent: |
Office: Isham Jones Realty |
Selling Office: Non-Member Office.
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.