Skip main navigation
For sale
    • $400,000

    1235 New Lake Rd Unit 5, Spring City, TN 37381

    4beds
    1,680sqft
    : 
    Condominium
    Built in 2008
    -- sqft lot
    $388,800 Zestimate®
    $238/sqft
    $150/mo HOA

    What's special

    Natural lightBeautiful french doors
    Welcome to 1235 New Lake Rd Unit 5, a lakefront condo designed for peaceful living and strong rental potential. Enter through beautiful French doors that flood the interior with natural light, creating a warm and inviting first impression. The home is centered around a cozy living room fireplace, forming the heart of the space and flowing naturally into the kitchen, making it ideal for relaxing evenings or entertaining guests after a day on the water. This spacious 4-bedroom, 3-bathroom condo offers flexibility for both personal enjoyment and income-producing potential. The primary bedroom features its own private balcony with French doors opening to serene lake views, providing the perfect spot for morning coffee or unwinding at sunset. With multiple bedrooms and baths, the layout comfortably accommodates guests, family, or short-term renters. Set directly on the lake, the property includes access to a dedicated boat launch and dock, making it easy to enjoy boating, fishing, or simply soaking in the quiet waterfront lifestyle. The unit also comes with a large 10x18 garage/storage unit, providing generous space for lake gear, outdoor equipment, water toys, or additional storage. Whether you're an investor looking for a desirable lakefront rental property or a retiree ready to embrace quiet lake living, this condo combines comfort, scenery, and lifestyle in one exceptional waterfront opportunity.
    14 days
    |
    436
    |
    13
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 12, 2026 at 06:48am

    Listed by:

    Asher Black 423-208-4943,

    Keller Williams Realty 423-664-1900

    Source: Greater Chattanooga Realtors,MLS#: 1530232

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: Second
      Bedroom
      • Level: First
      Bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Bathroom
      • Description: Full Bathroom
      • Level: First
      Bathroom
      • Description: Full Bathroom
      • Level: Second
      Bathroom
      • Description: Full Bathroom
      • Level: Second
      Bonus room
      • Level: Second
      Great room
      • Level: First
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric, Multi Units
      Appliances
      • Laundry: Laundry Closet, Electric Dryer Hookup, Washer Hookup
      Features
      • Double Vanity, Granite Counters, High Ceilings, Open Floorplan, Pantry, Wet Bar, Walk-In Closet(s), Double Shower, Separate Shower, Tub/shower Combo, En Suite
      • Flooring: Carpet, Tile, Engineered Hardwood
      • Windows: Insulated Windows, Vinyl Frames
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Gas Log, Living Room
      Interior area
      • Total structure area: 1,680
      • Total interior livable area: 1,680 sqft
      • Finished area above ground: 1,680

      Property

      Parking
      • Parking features: Off Street
      Features
      • Patio & porch: Covered, Deck, Patio, Porch, Porch - Covered
      • Exterior features: Boat Slip, Dock, Dock - Floating, Dock - Stationary
      • Has view: Yes
      • View description: Other, Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Marina in Community, River Access
      Lot
      • Features: Lake on Lot, Level, Other, Sprinklers In Front, Sprinklers In Rear, Rural
      Details
      • Parcel number: 037b B 002.00

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Contemporary
      • Property subtype: Condominium
      Materials
      • Stone, Fiber Cement
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2008

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities

      Community & HOA

      Community
      • Features: Sidewalks
      • Security: Smoke Detector(s)
      • Subdivision: Taylor's
      HOA
      • Has HOA: Yes
      • HOA fee: $150 monthly
      Location
      • Region: Spring City

      Financial & listing details

      • Price per square foot: $238/sqft
      • Tax assessed value: $356,800
      • Annual tax amount: $2,089
      • Date on market: 3/12/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $388,800

        $369,000 - $408,000

        $2,054/mo

        Price history

        Price history
        DateEventPrice
        3/12/2026Listed for sale$400,000+11.1%$238/sqft
        Source: Greater Chattanooga Realtors #1530232 Report a problem
        7/10/2023Sold$360,000-4%$214/sqft
        Source: East Tennessee Realtors #1225213 Report a problem
        6/24/2023Pending sale$375,000$223/sqft
        Source: East Tennessee Realtors #1225213 Report a problem
        4/27/2023Listed for sale$375,000+131.5%$223/sqft
        Source: East Tennessee Realtors #1225213 Report a problem
        12/1/2017Sold$162,000+11.7%$96/sqft
        Source: Public Record Report a problem
        9/7/2016Sold$145,000$86/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$2,089 $89,200
        2024$2,089 +20.3%$89,200 +96.5%
        2023$1,736 +1.3%$45,400
        2022$1,714 +1.9%$45,400
        2021$1,682 +3.3%$45,400
        2020$1,628 +6.5%$45,400
        2019$1,528 +22.5%$45,400 +20.3%
        2018$1,247 +50.5%$37,725
        2017$829 $37,725

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,271/mo
        Principal & interest
        $1968
        Property taxes
        $153
        HOA Fees
        $150
        More affordability tools

          Climate risks

          Neighborhood: 37381

          Getting around

          4 / 100
          Car-Dependent

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Spring City
          • Middle: Spring City Elementary & Middle
          • High: Rhea County High School

          Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

          Skip to the end of the carouselSkip to the beginning of the carousel

          Local experts in 37381

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel

            Nearby cities

            Nearby zip codes

            Other Spring City Topics