Experience luxury lakefront living at its finest on beautiful Watts Bar Lake. Wake up to glassy water, peaceful mornings, and the kind of serenity only true waterfront living can offer. Tucked away in a private, protected cove with YEAR-ROUND WATER and just a short swim to the main channel of the Tennessee River, this exceptional property delivers the ultimate Tennessee lake lifestyle. Designed for both entertaining and relaxation, the home features an open-concept layout centered around a stunning chef's kitchen with granite countertops, rich wood cabinetry, a stove with a built-in air fryer, wine fridge, and spacious dining area surrounded by breathtaking lake views. The inviting main living space is anchored by a wood-burning fireplace and flows seamlessly onto a screened-in deck overlooking the water. The private primary suite is conveniently located on the main level. Upstairs, loft-style overlooks create an open yet functional design for guests and family, while the lower level offers 11-foot ceilings, game space, and a media-ready entertainment area perfect for movie nights after long days on the lake. Step outside to expansive outdoor living spaces featuring an outdoor TV hookup, infrared heater, and an 8-person Dynasty Radiance hot tub designed for year-round enjoyment. The covered enclosed boathouse and dock can also be expanded per TVA approval. Whether you're searching for a full-time residence, luxury vacation retreat, multi-generational getaway, or income-producing opportunity, this home offers a rare blend of privacy, elegance, and functionality. Conveniently located within driving distance of Chattanooga, Knoxville, Nashville, and Atlanta, opportunities like this on Watts Bar Lake are becoming increasingly difficult to find.
Single-familyProperty Type
2007Year Built
0.5 acresLot Size
$329Price/Sq.Ft.
2 car garageParking
Listed by Dustin Mullins• Real Estate Partners Chattanooga, LLC
Listed by Karen Austin• Real Estate Partners Chattanooga, LLC
Experience luxury lakefront living at its finest on beautiful Watts Bar Lake. Wake up to glassy water, peaceful mornings, and the kind of serenity only true waterfront living can offer. Tucked away in a private, protected cove with YEAR-ROUND WATER and just a short swim to the main channel of the Tennessee River, this exceptional property delivers the ultimate Tennessee lake lifestyle. Designed for both entertaining and relaxation, the home features an open-concept layout centered around a stunning chef's kitchen with granite countertops, rich wood cabinetry, a stove with a built-in air fryer, wine fridge, and spacious dining area surrounded by breathtaking lake views. The inviting main living space is anchored by a wood-burning fireplace and flows seamlessly onto a screened-in deck overlooking the water. The private primary suite is conveniently located on the main level. Upstairs, loft-style overlooks create an open yet functional design for guests and family, while the lower level offers 11-foot ceilings, game space, and a media-ready entertainment area perfect for movie nights after long days on the lake. Step outside to expansive outdoor living spaces featuring an outdoor TV hookup, infrared heater, and an 8-person Dynasty Radiance hot tub designed for year-round enjoyment. The covered enclosed boathouse and dock can also be expanded per TVA approval. Whether you're searching for a full-time residence, luxury vacation retreat, multi-generational getaway, or income-producing opportunity, this home offers a rare blend of privacy, elegance, and functionality. Conveniently located within driving distance of Chattanooga, Knoxville, Nashville, and Atlanta, opportunities like this on Watts Bar Lake are becoming increasingly difficult to find.
GCAR #1531330
Jul 10, 2026
Price Changed
$1,590,000
$329/sq ft
Apr 15, 2026
Price Changed
$1,690,000
$350/sq ft
Mar 28, 2026
Listed
$1,800,000
$373/sq ft
REALTRACS as Distributed by MLS Grid #3164281
Jul 10, 2026
Price Changed
$1,590,000
$329/sq ft
Apr 15, 2026
Price Changed
$1,690,000
$350/sq ft
Mar 28, 2026
Listed
$1,800,000
$373/sq ft
Knoxville MLS #1334573
Jul 10, 2026
Price Changed
$1,590,000
$329/sq ft
Apr 15, 2026
Price Changed
$1,690,000
$350/sq ft
Mar 28, 2026
Listed
$1,800,000
$373/sq ft
+55
Experience luxury lakefront living at its finest on beautiful Watts Bar Lake. Wake up to glassy water, peaceful mornings, and the kind of serenity only true waterfront living can offer. Tucked away in a private, protected cove with YEAR-ROUND WATER and just a short swim to the main channel of the Tennessee River, this exceptional property delivers the ultimate Tennessee lake lifestyle. Designed for both entertaining and relaxation, the home features an open-concept layout centered around a stunning chef's kitchen with granite countertops, rich wood cabinetry, a stove with a built-in air fryer, wine fridge, and spacious dining area surrounded by breathtaking lake views. The inviting main living space is anchored by a wood-burning fireplace and flows seamlessly onto a screened-in deck overlooking the water. The private primary suite is conveniently located on the main level. Upstairs, loft-style overlooks create an open yet functional design for guests and family, while the lower level offers 11-foot ceilings, game space, and a media-ready entertainment area perfect for movie nights after long days on the lake. Step outside to expansive outdoor living spaces featuring an outdoor TV hookup, infrared heater, and an 8-person Dynasty Radiance hot tub designed for year-round enjoyment. The covered enclosed boathouse and dock can also be expanded per TVA approval. Whether you're searching for a full-time residence, luxury vacation retreat, multi-generational getaway, or income-producing opportunity, this home offers a rare blend of privacy, elegance, and functionality. Conveniently located within driving distance of Chattanooga, Knoxville, Nashville, and Atlanta, opportunities like this on Watts Bar Lake are becoming increasingly difficult to find.
GCAR #1
Sep 8, 2025
Price Changed
$1,650,000
$342/sq ft
Aug 26, 2025
Price Changed
$1,700,000
$352/sq ft
Aug 11, 2025
Price Changed
$1,800,000
$373/sq ft
Aug 1, 2025
Price Changed
$1,900,000
$394/sq ft
May 8, 2025
Price Changed
$1,950,000
$404/sq ft
RCAOR #20251859
Sep 8, 2025
Price Changed
$1,650,000
$342/sq ft
Aug 26, 2025
Price Changed
$1,700,000
$352/sq ft
Aug 11, 2025
Price Changed
$1,800,000
$373/sq ft
Aug 1, 2025
Price Changed
$1,900,000
$394/sq ft
May 8, 2025
Price Changed
$1,950,000
$404/sq ft
Apr 25, 2025
Listed
$2,100,000
$435/sq ft
REALTRACS as Distributed by MLS Grid #2711430
Apr 24, 2024
Sold
$1,400,000
$290/sq ft
GCAR #1390198
Apr 24, 2024
Sold
$1,400,000
$290/sq ft
Apr 17, 2024
Pending
—
Apr 13, 2024
Listed
$1,500,000
$311/sq ft
Public Records
Jul 6, 2006
Sold
$180,000
$37/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,508
2024
$5,508 (+27.4%)
2023
$4,324
2022
$4,324 (+0.6%)
2021
$4,298
2020
$4,298
2019
$4,298 (+19.3%)
2018
$3,604
2017
$3,604 (−1.3%)
2016
$3,651 (+4.8%)
2015
$3,485
2014
$3,485
Public record
Beds
—
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
0.5 Acres
Year renovated
2007
Finished Sq. Ft.
4,826
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,826
Year built
2007
Style
Single Family Residential
County
Rhea County
APN
026E E 00600 000
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
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 20 days in 30 years
3/10 Wind Factor
5% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 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
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 302 Key Cove Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $800,000 and $2,068,857.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $800K to $2.1M.