302 Key Cove Rd, Spring City, TN, 37381
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 2007
Materials
- Foundation: Block,Brick/Mortar,Combination,Permanent,Slab
- Roof: Asphalt,Shingle
- Construction materials: Brick,HardiPlank Type,Stone
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Bar Fridge,Convection Oven,Dishwasher,Electric Cooktop,Electric Oven,Electric Water Heater,Free-Standing Refrigerator,Ice Maker,Microwave,Refrigerator,Self Cleaning Oven,Stainless Steel Appliance(s),Wine Cooler,Washer/Dryer Stacked,Water Heater,Water Purifier,Water Purifier Owned,Wine Refrigerator,Water Softener,Water Softener Owned
- Laundry features: In Bathroom,In Basement,Common Area,Electric Dryer Hookup,Inside,Lower Level,Laundry Room,Sink,Washer Hookup
Basement
- Has basement: Yes
- Basement: Finished,Full
Bathroom
- Level: Second
Bathroom
- Level: Second
Bathroom
- Level: Basement
Bedroom
- Level: First
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Basement
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Den
- Level: Second
Dining Room
- Level: First
Family Room
- Level: Basement
Features
- Bar,Breakfast Bar,Built-in Features,Cathedral Ceiling(s),Ceiling Fan(s),Chandelier,Crown Molding,Central Vacuum,Double Vanity,Entrance Foyer,Eat-in Kitchen,Granite Counters,High Ceilings,His and Hers Closets,High Speed Internet,In-Law Floorplan,Kitchen Island,Natural Woodwork,Open Floorplan,Pantry,Primary Downstairs,Smart Thermostat,Soaking Tub,Sound System,Storage,Tray Ceiling(s),Vaulted Ceiling(s),Wet Bar,Walk-In Closet(s),Wired for Data,Wired for Sound,Separate Shower,Tub/shower Combo,En Suite,Sitting Area,Separate Dining Room,Plumbed,Split Bedrooms,Whirlpool Tub,Connected Shared Bathroom
- Window features: Blinds,Insulated Windows,Screens,Shades,Vinyl Frames
- Flooring: Carpet,Hardwood,Slate,Tile
- Number of fireplaces: 1
- Fireplace features: Living Room,Wood Burning
- Fireplace: Yes
- Finished area above ground: 3,348
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air,Ceiling Fan(s),Electric,Multi Units,Zoned
Interior Area
- Total structure area: 4,826
- Total interior livable area: 4,826 sqft
Kitchen
- Level: First
Kitchen
- Level: Basement
Living Room
- Level: First
Loft
- Level: Second
Master Bathroom
- Level: First
Master Bedroom
- Level: First
Utility Room
- Level: Basement
Property
Details
- Parcel number: 026e E 006.00
- Special condition: Standard
- Other equipment: Other
Features
- Levels: Three Or More
- Stories: 2
- Pool features: None
- Patio & porch: Covered,Composite,Deck,Enclosed,Front Porch,Patio,Porch,Rear Porch,Screened,Porch - Screened,Porch - Covered
- Exterior features: Balcony,Boat Slip,Dock,Electric Grill,Fire Pit,Gas Grill,Lighting,Outdoor Grill,Private Yard,Rain Gutters,Smart Irrigation,Dock - Stationary
- Has spa: Yes
- Spa features: Above Ground,Fiberglass,Heated,Private
- Fencing: None
- Has view: Yes
- View description: Lake,Panoramic,River,Trees/Woods,Water
- Has water view: Yes
- Water view: Lake,River,Water
- On waterfront: Yes
- Waterfront features: Lake,Lake Front,Lake Privileges,Navigable Water,River Access,River Front
Lot
- Lot size: 0.50 Acres
- Features: Back Yard,Cleared,Few Trees,Front Yard,Gentle Sloping,Landscaped,Lake on Lot,Rock Outcropping,Sloped Down,Sprinklers In Front,Sprinklers In Rear,Views,Waterfront,Rural
- Lot size dimensions: 106 x 206
Parking
- Total spaces: 2
- Parking features: Basement,Concrete,Driveway,Garage,Garage Door Opener,Garage Faces Side,Kitchen Level,Workshop in Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Earthquake
- Hail
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,039 | $96,468 |
| Home Insurance | $663 | $7,956 |
| Property Taxes | $1,751 | $21,012 |
| Electricity | $392 | $4,705 |
| Total | $10,845 | $130,140 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-15 | Price change | $1,690,000 |
| 2026-03-28 | Listed for sale | $1,800,000 |
| 2025-10-30 | Listing removed | $1,650,000 |
| 2025-09-08 | Price change | $1,650,000 |
| 2025-08-26 | Price change | $1,700,000 |
| 2025-08-11 | Price change | $1,800,000 |
| 2025-08-01 | Price change | $1,900,000 |
| 2025-05-08 | Price change | $1,950,000 |
| 2025-04-26 | Listed for sale | $2,100,000 |
| 2024-04-24 | Sold | $1,400,000 |
| 2024-04-17 | Pending sale | $1,500,000 |
| 2024-04-13 | Listed for sale | $1,500,000 |
For Sale by Agent
View on Zillow