340 Parsons Shrs Dr, Sharps Chapel, TN 37866

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.