Welcome to 1235 New Lake Rd Unit 5, a lakefront condo designed for peaceful living and strong rental potential. Enter through beautiful French doors that flood the interior with natural light, creating a warm and inviting first impression. The home is centered around a cozy living room fireplace, forming the heart of the space and flowing naturally into the kitchen, making it ideal for relaxing evenings or entertaining guests after a day on the water. This spacious 4-bedroom, 3-bathroom condo offers flexibility for both personal enjoyment and income-producing potential. The primary bedroom features its own private balcony with French doors opening to serene lake views, providing the perfect spot for morning coffee or unwinding at sunset. With multiple bedrooms and baths, the layout comfortably accommodates guests, family, or short-term renters. Set directly on the lake, the property includes access to a dedicated boat launch and dock, making it easy to enjoy boating, fishing, or simply soaking in the quiet waterfront lifestyle. The unit also comes with a large 10x18 garage/storage unit, providing generous space for lake gear, outdoor equipment, water toys, or additional storage. Whether you're an investor looking for a desirable lakefront rental property or a retiree ready to embrace quiet lake living, this condo combines comfort, scenery, and lifestyle in one exceptional waterfront opportunity.
CondoProperty Type
2008Year Built
$238Price/Sq.Ft.
$150/moHOA Dues
Listed by Asher Black• Greater Downtown Realty dba Keller Williams Realty
Welcome to 1235 New Lake Rd Unit 5, a lakefront condo designed for peaceful living and strong rental potential. Enter through beautiful French doors that flood the interior with natural light, creating a warm and inviting first impression. The home is centered around a cozy living room fireplace, forming the heart of the space and flowing naturally into the kitchen, making it ideal for relaxing evenings or entertaining guests after a day on the water. This spacious 4-bedroom, 3-bathroom condo offers flexibility for both personal enjoyment and income-producing potential. The primary bedroom features its own private balcony with French doors opening to serene lake views, providing the perfect spot for morning coffee or unwinding at sunset. With multiple bedrooms and baths, the layout comfortably accommodates guests, family, or short-term renters. Set directly on the lake, the property includes access to a dedicated boat launch and dock, making it easy to enjoy boating, fishing, or simply soaking in the quiet waterfront lifestyle. The unit also comes with a large 10x18 garage/storage unit, providing generous space for lake gear, outdoor equipment, water toys, or additional storage. Whether you're an investor looking for a desirable lakefront rental property or a retiree ready to embrace quiet lake living, this condo combines comfort, scenery, and lifestyle in one exceptional waterfront opportunity.
GCAR #1530232
Mar 12, 2026
Listed
$400,000
$238/sq ft
+55
Welcome to 1235 New Lake Rd Unit 5, a lakefront condo designed for peaceful living and strong rental potential. Enter through beautiful French doors that flood the interior with natural light, creating a warm and inviting first impression. The home is centered around a cozy living room fireplace, forming the heart of the space and flowing naturally into the kitchen, making it ideal for relaxing evenings or entertaining guests after a day on the water. This spacious 4-bedroom, 3-bathroom condo offers flexibility for both personal enjoyment and income-producing potential. The primary bedroom features its own private balcony with French doors opening to serene lake views, providing the perfect spot for morning coffee or unwinding at sunset. With multiple bedrooms and baths, the layout comfortably accommodates guests, family, or short-term renters. Set directly on the lake, the property includes access to a dedicated boat launch and dock, making it easy to enjoy boating, fishing, or simply soaking in the quiet waterfront lifestyle. The unit also comes with a large 10x18 garage/storage unit, providing generous space for lake gear, outdoor equipment, water toys, or additional storage. Whether you're an investor looking for a desirable lakefront rental property or a retiree ready to embrace quiet lake living, this condo combines comfort, scenery, and lifestyle in one exceptional waterfront opportunity.
Knoxville MLS #1225213
Jul 10, 2023
Sold
$360,000
$214/sq ft
Jun 23, 2023
Contingent
—
Apr 27, 2023
Listed
$375,000
$223/sq ft
RCAOR #20235069
Jul 10, 2023
Sold
$360,000
$214/sq ft
Apr 27, 2023
Listed
$375,000
$223/sq ft
Knoxville MLS #1016382
Nov 29, 2017
Sold
$162,000
$96/sq ft
Sep 12, 2017
Listed
$169,000
$101/sq ft
Public Records
Sep 7, 2016
Sold
$145,100
$86/sq ft
RCAOR #20154387
Aug 5, 2015
Listed
$135,000
$80/sq ft
Public Records
Nov 24, 2010
Sold
$643,500
$383/sq ft
Knoxville MLS #611511
May 5, 2008
Listed
$259,900
$155/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,089
2024
$2,089 (+20.3%)
2023
$1,737 (+1.3%)
2022
$1,714 (+1.9%)
2021
$1,682 (+3.3%)
2020
$1,628 (+6.5%)
2019
$1,528 (+22.4%)
2018
$1,248 (+4.8%)
2017
$1,191
2016
$1,191 (−31.7%)
2015
$1,745
2014
$1,745
Public record
Beds
—
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2008
Finished Sq. Ft.
1,680
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,680
Year built
2008
Style
Condo/Co-op
County
Rhea County
APN
037B B 00200C005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 23, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 106° expected this year, 21 days in 30 years
3/10 Wind Factor
7% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Spring City, TN • 37381
Average low and high temperatures (°F)
45
27
55
34
69
43
76
52
76
59
85
67
89
71
87
67
82
63
73
51
63
44
52
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.9 hrs
7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1235 New Lake Rd Unit 5
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $194,000 and $399,500.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $194K to $400K.