340 Parsons Shrs, Sharps Chapel, TN, 37866
About This Home
5+ PRIVATE ACRES on NORRIS LAKE with NO HOA, PRIVATE DOCK, STRONG STR & EXPANSION POTENTIAL — offering lake living without limits. Located adjacent to one of the lake’s most sought-after communities, this 5.3-acre property delivers exceptional privacy, flexibility & long-term investment upside. Accessed via a scenic ¾-mile road ending in a cul-de-sac, the setting is quiet and low-traffic, surrounded by large-acreage homes. The property includes approximately 150 ft of year-round water frontage with a private transferable dock featuring boat lift, canopy, sundeck & jet ski port (permit for 2nd), along with expansive undeveloped views of Island F. The 2,658 sq ft A-frame offers 2BR/2BA plus a spacious loft suite with en-suite bath, functioning as a primary 3rd bedroom. The home is currently furnished to comfortably accommodates up to 8 guests. 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 septic system & gated gravel drive provides rare expansion potential for a guest home or future compound. Outdoor living features multiple entertaining areas including a wraparound deck, hot tub deck & lakefront fire pit gathering space. With no HOA & no rental restrictions, the property functions equally well as a private retreat, full-time residence, or income-producing short-term rental with approximately $80K+/year potential. Offered furnished with STR branding & marketing assets available for transfer, presenting a rare opportunity to own acreage, privacy & income potential in one of East Tennessee’s most desirable Norris Lake settings.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1997
Materials
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: A-Frame
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Electric Oven,Electric Range,Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer
- Laundry features: Electric Dryer Hookup,Washer Hookup
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Features
- Ceiling Fan(s),Entrance Foyer,High Ceilings,Redecorated,Smart Light(s),Smart Thermostat,High Speed Internet
- Flooring: Wood,Tile
- Number of fireplaces: 1
- Fireplace features: Gas,Great Room
- Fireplace: Yes
- Finished area above ground: 2,658
Heating & Cooling
- Heating features: Central
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 2,658
- Total interior livable area: 2,658 sqft
Master Bathroom
- Features: Double Vanity
- Level: Double Vanity
Property
Details
- Parcel number: 034 21500 000
- Special condition: Owner Agent
- Other equipment: Air Purifier
Features
- Levels: One
- Stories: 2
- Patio & porch: Porch,Covered,Deck,Patio
- Exterior features: Dock,Balcony,Smart Light(s),Smart Lock(s)
- Has spa: Yes
- Spa features: Private
- Has view: Yes
- View description: Lake,Mountain(s),River,Water
- Has water view: Yes
- Water view: Lake,River,Water
- On waterfront: Yes
- Waterfront features: Lake Front,Year Round Access
- Topography of land: Private,Rolling Slope,Views,Wooded
Lot
- Lot size: 5.30 Acres
- Features: Private,Rolling Slope,Views,Wooded
Parking
- Total spaces: 5
- Parking features: Concrete,Driveway
- Has uncovered spaces: Yes
- Uncovered spaces: 5
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
- Strong Wind
- Winter Weather
- Cold Wave
- Hail
- Inland Flooding
- Landslide
- Lightning
- Tornado
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 | $6,447 | $77,364 |
| Home Insurance | $533 | $6,396 |
| Property Taxes | $2,023 | $24,276 |
| Electricity | $215 | $2,591 |
| Total | $9,218 | $110,616 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Listed for sale | $1,275,000 |
| 2026-01-06 | Listing removed | $1,499,900 |
| 2025-10-20 | Listed for sale | $1,499,900 |
| 2022-08-12 | Sold | $775,000 |
| 2022-06-27 | Pending sale | $775,000 |
| 2022-06-24 | Listed for sale | $775,000 |
| 2009-08-21 | Sold | $206,150 |
| 2009-05-07 | Sold | $171,535 |
| 1995-09-06 | Sold | $27,500 |
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