About 340 Parsons Shores Drive
PRICE IMPROVEMENT — $1,250,000 | BREATHTAKING LAKEFRONT HOME | 5+ PRIVATE ACRES on NORRIS LAKE | NO HOA | PRIVATE DOCK | 3-BEDROOM CONFIGURATION | SLEEPS 8 | STR & EXPANSION POTENTIAL — Immediately adjacent to sought-after Norris Shores, this 5.3-acre property offers privacy, flexibility & investment potential, with the same large-acreage character of the surrounding area — but without an HOA. A scenic ¾-mile road ends in a quiet cul-de-sac surrounded by large-acreage homes. Approx 150 ft of year-round water frontage features a private transferable dock with boat lift, canopy, sundeck & jet ski port (permit for 2nd), plus expansive views of Island F. Functioning as a 3-bedroom, the 2,658 sq ft A-frame offers 2BR/2BA plus a spacious loft suite with en-suite bath, currently configured as a primary 3rd bedroom, and comfortably sleeps 8. Renovated in 2023 with refinished cherry hardwoods, fresh interior/exterior paint & a dramatic 2-story stone fireplace with 2024 remote-start gas logs. A cleared secondary build site with its own permitted septic system & gated gravel drive offers flexibility for a guest home, future compound or additional residence. The configuration creates a shared-purchase opportunity for family, friends or investment partners. At $1.25M, two parties could acquire the property at approximately $625,000 per party, with potential to create a shared lake compound. Comparable 5-acre waterfront building sites in the area have commanded approximately $300,000–$325,000 before a home and improvements. Multiple outdoor living areas include a wraparound deck, hot tub deck & lakefront deck & fire pit area. With no HOA & no rental restrictions, the property functions as a private retreat, full-time residence or income-producing STR w/ approximately $80K+/yr potential. Rental Pro-Forma available. Offered fully furnished / turnkey for continued STR rental use. Established STR brand & marketing available.
Features of 340 Parsons Shores Drive
| MLS® # | 3184189 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,658 |
| Acres | 5.30 |
| Year Built | 1997 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | A-Frame |
| Status | Active |
Community Information
| Address | 340 Parsons Shores Drive |
|---|---|
| Subdivision | Norris Shores / Tanglewood |
| City | Sharps Chapel |
| County | Union County, TN |
| State | TN |
| Zip Code | 37866 |
Amenities
| Amenities | Underground Utilities |
|---|---|
| Parking Spaces | 5 |
| Garages | Concrete, Driveway |
| View | Lake, Mountain(s), River, Water |
| Is Waterfront | Yes |
| Has Pool | No |
Interior
| Interior Features | Air Filter, Ceiling Fan(s), Entrance Foyer, High Ceilings, Hot Tub, Redecorated, Smart Camera(s)/Recording, Smart Light(s), Smart Thermostat, High Speed Internet |
|---|---|
| Appliances | Electric Oven, Electric Range, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Purifier |
| Heating | Central |
| Cooling | Ceiling Fan(s), Central Air |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| # of Stories | 2 |
Exterior
| Exterior Features | Dock, Balcony, Smart Camera(s)/Recording, Smart Light(s), Smart Lock(s) |
|---|---|
| Lot Description | Private, Rolling Slope, Views, Wooded |
| Roof | Shingle |
| Construction | Frame |
School Information
| Elementary | Sharps Chapel Elementary |
|---|---|
| Middle | H Maynard Middle School |
| High | Union County High School |
Additional Information
| Date Listed | May 2nd, 2026 |
|---|---|
| Days on Market | 154 |
| Foreclosure | No |
| Short Sale | No |
| Data Source | REALTRACS as distributed by MLS GRID |
Listing Details
| Office | Benchmark Realty, LLC |
|---|