Discover the perfect opportunity to build your dream home on this lakefront 0.7-acre property in one of the most prestigious gated communities on Watts Bar Lake. It is located on a dock-permittable shoreline (TVA application and approval required), this property is a rare find for lake lovers. In addition, you'll enjoy the convenience of a deeded year round deep water, assigned boat slip complete with an electric lift—ready for endless days on the water. The community offers a true lifestyle upgrade with amenities including a private clubhouse with a gym, sidewalks throughout, a boat ramp, and walking trails. The neighborhood has a dedicated lot to park your boat trailers, underground utilities, private sewer, high speed internet, and a secure gated entrance. Whether you're looking for a weekend retreat or a full-time residence, this property provides the perfect blend of luxury, recreation, and natural beauty on one of Tennessee's most desirable lakes, WATTS BAR LAKE !
**Previous sale fell apart because buyer was unable to close. Lake life living is wonderful here! Enjoy .7 acre of gently rolling lakefront land with plenty of trees, in a quiet cove on Watts Bar Lake. This small gated community offers walking trails, a club house with a workout center and community space, a community dock, and a boat ramp. Other amenities include underground utilities, high speed internet available, private sewer, and dedicated space to park your trailers. This lot is dockable, but also comes with a deep water deeded slip. Property has been surveyed and is ready for your dream home. Welcome home!
REALTRACS as Distributed by MLS Grid #3334740
Aug 5, 2026
Listed
$43,000
Mar 15, 2017
Sold
$35,000
REALTRACS as Distributed by MLS Grid #3334848
Aug 5, 2026
Listed
$42,000
Oct 5, 2016
Sold
$100,000
REALTRACS as Distributed by MLS Grid #3032924
Oct 20, 2025
Sold
$88,000
REALTRACS as Distributed by MLS Grid #2955458
Mar 15, 2024
Sold
$115,000
Feb 14, 2024
Listed
$120,000
Public Records
Apr 17, 2023
Sold
$95,000
Knoxville MLS #1126954
Dec 3, 2020
Sold
$165,000
Year
Property tax
Land + Additions
Assessment*
2025
$337
2024
$337 (−0.3%)
2023
$338
2022
$338
2021
$338
2020
$338
2019
$338 (−23.0%)
2018
$439
2017
$439
2016
$439 (+4.8%)
2015
$419
2014
$419
Tax history for 495 Waterfront Way
Year
Property tax
Land + Additions
Assessment*
2025
$337
2024
$337 (−0.3%)
2023
$338
2022
$338
2021
$338
2020
$338
2019
$338 (−23.0%)
2018
$439
2017
$439
2016
$439 (+4.8%)
2015
$419
2014
$419
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.7 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Rhea County
APN
044G C 04300 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Feb 12, 2026.
Property details
Parking
Parking Information
Parking Total: 0
Exterior
Waterfront Information
On Waterfront
Waterfront Features: Lake Front, Pond
Property Information
Property Type: Land
Lot Information
Lot Features: Sloped
Lot Size Area: 0.7
Lot Size Units: Acres
Lot Size Acres: 0.7
Lot Size Dimensions: 82.32 X 282.84 IRR
Road Frontage Type: Private Road
Financial
Tax Information
Tax Annual Amount: $337
Utilities
Utility Information
Water Source: Public
Sewer: Private Sewer
Utilities: Water Available
Location
HOA Information
Has HOA
Association Amenities: Clubhouse, Fitness Center, Gated
Association Fee: $1,200
Association Fee Frequency: Annually
Association Fee Includes: Sewer
School Information
Elementary School: Spring City Elementary
Middle Or Junior High School: Spring City Middle School
High School: Rhea County High School
Location Information
Directions: FROM J AND L MARKET SPRING CITY , TN DRIVE UNTIL YOU T IN , TAKE A RIGHT ON PINHOOK CONTINUE UNTIL YOU SEE LAKEFRONT ESTATES GATED COMMUNITY ON YOUR LEFT.
Topography: Sloped
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.7 acres
Style: Other
Year Built: —
Year Renovated: —
County: Rhea County
APN: 044G C 04300 000
Home facts updated by county records on Feb 12, 2026
Around this home
Schools
Spring City Elementary School
Public PreK-5 • Assigned • 4.1mi
8/10
Spring City Middle School
Public 6-8 • Assigned • 4.8mi
7/10
Rhea County High School
Public 9-12 • Assigned • 9.1mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
6/10 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
88
71
84
67
82
63
73
51
63
44
52
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$100,000 – $121,000
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