An exceptional opportunity on Shoal Creek, a waterway renowned for kayaking and canoeing. This unique creekfront compound features four separate residences, offering the ideal setup for a multifamily retreat, private compound, or income-producing investment. The main residence is a well-appointed basement home with granite countertops, spacious living areas, and a primary suite featuring a Jacuzzi tub, double vanities and walk-in closets. A covered porch overlooking the creek provides a peaceful setting for everyday living, while the attached garage adds convenience. Three additional structures are currently operating as successful Airbnb rentals. The bunkhouse offers approximately 1,500 square feet of living space above a large workshop, providing flexible use for guests, extended family, or additional rental income. Two charming creekside cabins—Parker’s Place and Mermaid Hideaway—overlook Shoal Creek and are thoughtfully designed for comfort and character. Each cabin features tankless water heaters and inviting interiors that capitalize on the serene waterfront setting. Each residence has its own septic system, and the property is equipped with high-speed internet throughout, making it suitable for full-time living, remote work, or short-term rentals. This is a rare chance to own a four-residence creekfront property in a highly desirable recreational setting—perfect for those seeking a private waterfront compound or a turnkey investment with proven income potential. Main house has 1536 sq.ft., bunkhouse 1500 sq.ft., Parker's Place 360 sq.ft., Mermaid Hideaway 260 sq.ft. TOTAL of 3656 Sq.Ft.
Active
$795,000
5725 Wayland Springs Rd, Iron City, TN 38463
2beds
3,656sqft
Est.:
Single Family Residence, Residential
Built in 2010
6.71 Acres Lot
$-- Zestimate®
$217/sqft
$-- HOA
What's special
Well-appointed basement homeSerene waterfront settingAttached garageCreekfront compoundTwo charming creekside cabinsWalk-in closetsGranite countertops
- 107 days |
- 242 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: January 20, 2026 at 09:19am
Listing Provided by:
Stacey Springer 931-242-9263,
Coldwell Banker Southern Realty 931-762-3399
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3066653
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Bedroom 1
- Features: Walk-In Closet(s)
- Level: Walk-In Closet(s)
Primary bathroom
- Features: Suite
- Level: Suite
Dining room
- Features: Separate
- Level: Separate
Living room
- Features: Great Room
- Level: Great Room
Heating
- Central, Electric, Other
Cooling
- Central Air, Electric, Other
Appliances
- Included: Electric Oven, Electric Range, Dishwasher, Refrigerator, Stainless Steel Appliance(s)
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), In-Law Floorplan, Walk-In Closet(s), High Speed Internet
- Flooring: Vinyl
- Basement: Exterior Entry,Finished,Full
- Has fireplace: No
Interior area
- Total structure area: 3,656
- Total interior livable area: 3,656 sqft
- Finished area above ground: 3,656
Property
Parking
- Total spaces: 10
- Parking features: Garage Door Opener, Attached, Gravel
- Attached garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
- Uncovered spaces: 6
Features
- Levels: One
- Patio & porch: Porch, Covered, Deck
- Has private pool: Yes
- Pool features: Above Ground
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Creek
Lot
- Size: 6.71 Acres
- Features: Private, Views
- Topography: Private,Views
Details
- Additional structures: Guest House, Storage
- Parcel number: 155 02204 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Vinyl Siding, Wood Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 2010
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Water Available
Green energy
- Energy efficient items: Water Heater
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Iron City
Financial & listing details
- Price per square foot: $217/sqft
- Tax assessed value: $276,400
- Annual tax amount: $1,389
- Date on market: 12/18/2025
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Listed for sale | $795,000+127.1%$217/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3066653 Report a problem | ||
| 4/9/2021 | Sold | $350,000-17.6%$96/sqft |
Source: Public Record Report a problem | ||
| 12/8/2020 | Listing removed | $425,000$116/sqft |
Source: Coldwell Banker Southern Realty #2138779 Report a problem | ||
| 9/16/2020 | Price change | $425,000+21.4%$116/sqft |
Source: Coldwell Banker Southern Realty #2138779 Report a problem | ||
| 5/27/2020 | Price change | $350,000-11.4%$96/sqft |
Source: Coldwell Banker Southern Realty #2138779 Report a problem | ||
| 5/13/2020 | Price change | $395,000-7.1%$108/sqft |
Source: Coldwell Banker Southern Realty #2138779 Report a problem | ||
| 4/7/2020 | Listed for sale | $425,000+1114.3%$116/sqft |
Source: Coldwell Banker Southern Realty #2138779 Report a problem | ||
| 11/7/2008 | Sold | $35,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,389 | $69,100 |
| 2024 | $1,389 | $69,100 |
| 2023 | $1,389 | $69,100 |
| 2022 | $1,389 +13.8% | $69,100 +67.4% |
| 2021 | $1,221 +18.7% | $41,275 +18.7% |
| 2020 | $1,029 | $34,775 |
| 2019 | $1,029 | $34,775 |
| 2018 | $1,029 0% | $34,775 |
| 2017 | $1,029 | $34,775 |
| 2016 | $1,029 +8% | $34,775 |
| 2015 | $952 +4% | $34,775 +4% |
| 2014 | $915 | $33,425 |
| 2013 | $915 | $33,425 |
| 2011 | $915 | $33,425 |
| 2010 | $915 | $33,425 +936.4% |
| 2009 | -- | $3,225 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,240/mo
Principal & interest
$3889
Property taxes
$351
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Climate risks
Neighborhood: 38463
Nearby schools
GreatSchools rating
- 6/10South Lawrence Elementary SchoolGrades: PK-8Distance: 6.3 mi
- 5/10Loretto High SchoolGrades: 9-12Distance: 6.7 mi
- 5/10Leoma Elementary SchoolGrades: PK-8Distance: 14.2 mi
Schools provided by the listing agent
- Elementary: South Lawrence Elementary
- Middle: South Lawrence Elementary
- High: Loretto High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 38463
- Tennessee
- Lawrence County
- Iron City
- 38463
- 5725 Wayland Springs Rd
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