: **Motivated seller! Sellers have a new home under contract and ready to sell!** Welcome to lake living in the gated community of Laurel Mountain Lakes. This 3 bedroom, 2 bath home offers approximately 1,896 square feet and the perfect blend of comfort, privacy, and waterfront access. The main level features two spacious bedrooms, a full bath, laundry area, and an open floor plan designed for everyday living and entertaining. The kitchen includes tall solid wood cabinetry that extends toward the vaulted ceilings, creating a warm focal point that opens to the living area. The living room features a unique 360-degree wood-burning fireplace, adding character and cozy ambiance. Step outside onto the sun deck and enjoy peaceful views of Laurel Mountain Lakes, an ideal spot for morning coffee or relaxing at the end of the day. The lower level offers additional flexibility with a kitchenette, bonus area, and a private primary suite with a full bath, making it suitable for guests, extended family, or a private retreat. Just outside the lower level is a screened porch with porch curtains, providing a comfortable outdoor space to enjoy the evening air. This lakefront property includes a private dock with direct access to the 60-acre lake where residents enjoy kayaking, swimming, fishing, and other water activities. Located at the end of a peninsula, the property offers deeper water and added privacy. The home is surrounded by attractive landscaping and features a well-designed outdoor entertaining area with a grilling space and a stone and wood outdoor fireplace, creating a great setting for gatherings. The outdoor area also includes a dining space with a large rustic table positioned to take in sunset views over the water. A front deck facing the lake provides an additional outdoor space to enjoy sunrise views. Additional features include a whole-house water filtration system with reverse osmosis and an active yearly maintenance program.
Single-familyProperty Type
1978Year Built
0.52 acresLot Size
$227Price/Sq.Ft.
$46/moHOA Dues
Listed by Barbara Ratledge• East Tennessee Properties LLC
Contact: 4235196287
Bought with Lori Bennett• East Tennessee Properties LLC
Est. $3,289 per month, based on comparable rentals
Sale and tax history for 124 Peninsula Rd
Sale History
Tax History
Date
Event
Price
REALTRACS as Distributed by MLS Grid #3215142
Jul 2, 2026
Sold
$430,500
$227/sq ft
May 18, 2026
Listed
—
Apr 6, 2026
Listed
$449,000
$237/sq ft
Knoxville MLS #1332665
Jul 2, 2026
Sold
$430,500
$227/sq ft
May 11, 2026
Contingent
—
Apr 6, 2026
Price Changed
$449,000
$237/sq ft
Apr 6, 2026
Relisted
—
Mar 30, 2026
Listing Removed
—
Mar 18, 2026
Listed
$499,900
$264/sq ft
Mar 13, 2026
Coming Soon
$499,900
$264/sq ft
+46
**Motivated seller! Sellers have a new home under contract and ready to sell!** Welcome to lake living in the gated community of Laurel Mountain Lakes. This 3 bedroom, 2 bath home offers approximately 1,896 square feet and the perfect blend of comfort, privacy, and waterfront access. The main level features two spacious bedrooms, a full bath, laundry area, and an open floor plan designed for everyday living and entertaining. The kitchen includes tall solid wood cabinetry that extends toward the vaulted ceilings, creating a warm focal point that opens to the living area. The living room features a unique 360-degree wood-burning fireplace, adding character and cozy ambiance. Step outside onto the sun deck and enjoy peaceful views of Laurel Mountain Lakes, an ideal spot for morning coffee or relaxing at the end of the day. The lower level offers additional flexibility with a kitchenette, bonus area, and a private primary suite with a full bath, making it suitable for guests, extended family, or a private retreat. Just outside the lower level is a screened porch with porch curtains, providing a comfortable outdoor space to enjoy the evening air. This lakefront property includes a private dock with direct access to the 60-acre lake where residents enjoy kayaking, swimming, fishing, and other water activities. Located at the end of a peninsula, the property offers deeper water and added privacy. The home is surrounded by attractive landscaping and features a well-designed outdoor entertaining area with a grilling space and a stone and wood outdoor fireplace, creating a great setting for gatherings. The outdoor area also includes a dining space with a large rustic table positioned to take in sunset views over the water. A front deck facing the lake provides an additional outdoor space to enjoy sunrise views. Additional features include a whole-house water filtration system with reverse osmosis and an active yearly maintenance program. The HVAC system is serviced every six months, and the home is currently under a termite protection plan. This well-maintained lakefront property offers a unique opportunity to enjoy waterfront living in the Laurel Mountain Lakes community.
Knoxville MLS #1052961
Jan 21, 2020
Sold
$221,000
$117/sq ft
Dec 12, 2019
Contingent
—
Dec 4, 2019
Price Changed
$225,000
$119/sq ft
Oct 28, 2019
Relisted
—
Oct 3, 2019
Contingent
—
Aug 15, 2018
Listed
$239,000
$126/sq ft
+35
Completely remodeled 2 bedroom /2 bath home on the lake!The house is surrounded by large trees and views of the lake that are awesome. As you walk into the front door from the wrap-around porch, you will see the back of the house is in glass. This open floor plan has high end appliances and updated kitchen that is every cook's dream. The remodeled bathroom is inviting and is just off the bedrooms. Downstairs has another full kitchen with refrigerator and microwave. This could be used as a den/entertainment room with easy access to another full bath, or could be used as third bedroom or private rental unit. The downstairs has two sliding glass doors with views of the lake and boat dock. This home has new HVAC, dock, decking, carpet, tile, vinyl, etc! Call today for your personal tour.
Appliances: Electric Range, Dishwasher, Dryer, Washer, Refrigerator, Microwave
Flooring: Carpet
Exterior
Building Information
Construction Materials: Vinyl Siding
Roof: Shingle
Exterior Features
Patio And Porch Features: Deck, Covered, Porch
Exterior Features: Dock
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Has View
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Lot Information
Lot Features: Sloped, Wooded
Lot Size Area: 0.52
Lot Size Units: Acres
Lot Size Acres: 0.52
Lot Size Dimensions: 214.8 X 147 IRR
Financial
Tax Information
Tax Annual Amount: $1,034
Utilities
Utility Information
Water Source: Public
Sewer: Septic Tank
Utilities: Electricity Available, Water Available
Location
HOA Information
Has HOA
Association Amenities: Gated
Association Fee: $550
Association Fee Frequency: Annually
Association Fee Includes: Trash
Location Information
Directions: 17 min (8.4 miles) via TN-68 S Fastest route now due to traffic conditions Hardee's 4750 New Hwy 68, Madisonville, TN 37354 Exit the parking lot toward TN-68 S 51 sec (463 ft) Turn right onto TN-68 S 6 min (5.1 mi) Continue on Bethlehem Rd. Take Bethlehem Church Rd, Laurel Branch Rd and Laurel Lake Cir to Peninsula Rd 9 min (3.2 mi) 124 Peninsula Rd Madisonville, TN 37354
Topography: Sloped,Wooded
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 1,896
Stories: 1.0
Lot Size: 0.72 acres
Style: Single Family Residential
Year Built: 1978
Year Renovated: 2006
County: Monroe County
APN: 115G B 02100 000
Home facts updated by county records on Aug 5, 2026