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.
Sold for $625,000
$625,000
240 Gordon Dr, Spring City, TN 37381
3beds
1,498sqft
Single Family Residence
Built in 1971
2 Acres Lot
$631,400 Zestimate®
$417/sqft
$1,880 Estimated rent
Home value
$631,400
Estimated sales range
Not available
$1,880/mo
Zestimate® history
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Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 03:21pm
Listed by:
Tina Isham,
Isham-Jones Realty
Bought with:
Other Other Non Realtor, 999999
Other Non Member Office
Source: UCMLS,MLS#: 239724
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 222.75
- Dimensions: 12.3 x 18.11
Bedroom 2
- Level: Main
- Area: 223.72
- Dimensions: 11.9 x 18.8
Bedroom 3
- Level: Main
- Area: 204.33
- Dimensions: 14.7 x 13.9
Kitchen
- Level: Main
- Area: 214.72
- Dimensions: 8.8 x 24.4
Living room
- Level: Main
- Area: 366
- Dimensions: 15 x 24.4
Heating
- Electric, Propane, Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator, Gas Range, Microwave, Washer, Dryer, Electric Water Heater
- Laundry: Main Level, In Garage
Features
- New Paint, Ceiling Fan(s)
- Windows: Double Pane Windows, Drapes
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: One, Living Room
Interior area
- Total structure area: 1,498
- Total interior livable area: 1,498 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Attached, Garage, Main Level
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Patio & porch: Porch, Screened, Patio, Deck
- Exterior features: Lighting
- Has view: Yes
- View description: Other Water Frontage View Description
- Has water view: Yes
- Water view: Other Water Frontage View Description
- Waterfront features: Other Water Frontage View Description, Waterfront, Lake
Lot
- Size: 2 Acres
- Dimensions: 149 x 890 IRR
- Features: Cul-De-Sac, Irregular Lot, Cleared, Waterfront, Views, Trees
Details
- Additional structures: Outbuilding
- Parcel number: 011.00
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Wood Siding, Vinyl Siding, Frame
- Roof: Composition
Condition
- Year built: 1971
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Tank Rented
- Sewer: Septic Tank
- Water: Well, Utility District
- Utilities for property: Propane, Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Spring City
- Subdivision: Other
Price history
| Date | Event | Price |
|---|---|---|
| 11/28/2025 | Sold | $625,000-3.8%$417/sqft |
Source:  UCMLS #239724 Report a problem | ||
| 11/2/2025 | Pending sale | $649,900$434/sqft |
Source:  East Tennessee Realtors #1317342 Report a problem | ||
| 10/2/2025 | Listed for sale | $649,900+59.3%$434/sqft |
Source: East Tennessee Realtors #1317342 Report a problem | ||
| 2/28/2022 | Sold | $408,000-1.7%$272/sqft |
Source: East Tennessee Realtors #1179340 Report a problem | ||
| 2/2/2022 | Contingent | $415,000$277/sqft |
Source: Greater Chattanooga Realtors #1349193 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,955 +60% | $145,000 +60% |
| 2024 | $1,222 -12.1% | $90,625 +47% |
| 2023 | $1,390 | $61,650 |
Find assessor info on the county website
Neighborhood: 37381
Nearby schools
GreatSchools rating
- 7/10Spring City Elementary SchoolGrades: PK-5Distance: 6.3 mi
- 7/10Spring City Middle SchoolGrades: 6-8Distance: 7.1 mi
- 4/10Rhea County High SchoolGrades: 9-12Distance: 14.3 mi
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$631,400
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+$12,628
With Zillow Showcase(estimated)
$644,028
- Tennessee
- Rhea County
- Spring City
- 37381
- 240 Gordon Dr