Welcome to lake living in the gated community of Laurel Mountain Lakes. This 3 bedroom, 2 bath home offers approximately 1,896 square feet and the perfect blend of comfort, privacy, and waterfront access.
The main level features two spacious bedrooms, a full bath, laundry area, and an open floor plan designed for everyday living and entertaining. The kitchen includes tall solid wood cabinetry that extends toward the vaulted ceilings, creating a warm focal point that opens to the living area. The living room features a unique 360-degree wood-burning fireplace, adding character and cozy ambiance.
Step outside onto the sun deck and enjoy peaceful views of Laurel Mountain Lakes, an ideal spot for morning coffee or relaxing at the end of the day.
The lower level offers additional flexibility with a kitchenette, bonus area, and a private primary suite with a full bath, making it suitable for guests, extended family, or a private retreat. Just outside the lower level is a screened porch with porch curtains, providing a comfortable outdoor space to enjoy the evening air.
This lakefront property includes a private dock with direct access to the 60-acre lake where residents enjoy kayaking, swimming, fishing, and other water activities. Located at the end of a peninsula, the property offers deeper water and added privacy.
The home is surrounded by attractive landscaping and features a well-designed outdoor entertaining area with a grilling space and a stone and wood outdoor fireplace, creating a great setting for gatherings. The outdoor area also includes a dining space with a large rustic table positioned to take in sunset views over the water. A front deck facing the lake provides an additional outdoor space to enjoy sunrise views.
Additional features include a whole-house water filtration system with reverse osmosis and an active yearly maintenance program. The HVAC system is serviced every six months, and the home is currently under a termite protection plan.
This well-maintained lakefront property offers a unique opportunity to enjoy waterfront living in the Laurel Mountain Lakes community. Professional photos coming soon!
For sale
$499,900
124 Peninsula Rd, Madisonville, TN 37354
3beds
1,896sqft
Est.:
Single Family Residence
Built in 1978
0.52 Acres Lot
$-- Zestimate®
$264/sqft
$46/mo HOA
What's special
- 6 days |
- 789 |
- 48 |
Zillow last checked: 7 hours ago
Listing updated: March 18, 2026 at 12:16am
Listed by:
Barbara Ratledge 423-519-6287,
East Tennessee Properties, LLC 423-453-5722,
Jason Ratledge 865-410-1725,
East Tennessee Properties, LLC
Source: East Tennessee Realtors,MLS#: 1332665
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Cathedral Ceiling(s), Kitchen Island, Bonus Room
- Flooring: Carpet
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,896
- Total interior livable area: 1,896 sqft
Property
Parking
- Parking features: Main Level
Features
- Exterior features: Prof Landscaped, Balcony, Dock
- Has view: Yes
- View description: Mountain(s), Trees/Woods
- Has water view: Yes
- Waterfront features: Lake/Water Access, Waterfront
- Frontage type: Lakefront
Lot
- Size: 0.52 Acres
- Features: Private, Irregular Lot
Details
- Additional structures: Storage
- Parcel number: 115G B 02100 000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Frame
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
- Water: Public, Other
Community & HOA
Community
- Security: Gated Community
- Subdivision: Laurel Lake
HOA
- Has HOA: Yes
- HOA fee: $550 annually
Location
- Region: Madisonville
Financial & listing details
- Price per square foot: $264/sqft
- Tax assessed value: $271,600
- Annual tax amount: $1,034
- Date on market: 3/18/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/18/2026 | Listed for sale | $499,900+126.2%$264/sqft |
Source: | ||
| 1/21/2020 | Sold | $221,000-1.8%$117/sqft |
Source: | ||
| 12/12/2019 | Pending sale | $225,000$119/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 12/4/2019 | Price change | $225,000-5.9%$119/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 10/28/2019 | Listed for sale | $239,000$126/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 10/3/2019 | Pending sale | $239,000$126/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 8/16/2018 | Listed for sale | $239,000+298.3%$126/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 10/28/1994 | Sold | $60,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,034 | $67,900 |
| 2024 | $1,034 | $67,900 |
| 2023 | $1,034 +0.2% | $67,900 +47.4% |
| 2022 | $1,032 +6.7% | $46,075 +6.7% |
| 2021 | $968 | $43,200 |
| 2020 | $968 +13.1% | $43,200 |
| 2019 | $855 | $43,200 |
| 2018 | $855 +0% | $43,200 +25.6% |
| 2017 | $855 +22% | $34,400 +2.8% |
| 2016 | $701 | $33,475 |
| 2015 | $701 0% | $33,475 0% |
| 2014 | $701 | $33,476 |
| 2013 | $701 | $33,476 |
| 2012 | -- | $33,476 +14.2% |
| 2011 | $572 +23.4% | $29,316 |
| 2010 | $463 | $29,316 |
| 2009 | $463 0% | $29,316 |
| 2008 | $463 | $29,316 |
| 2007 | -- | $29,316 +9.1% |
| 2006 | $519 +14.9% | $26,873 |
| 2005 | $451 +1.7% | $26,873 +15.6% |
| 2004 | $444 | $23,249 |
| 2002 | $444 | $23,249 |
| 2001 | -- | $23,249 -72% |
| 2000 | -- | $83,154 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,691/mo
Principal & interest
$2462
Property taxes
$183
HOA Fees
$46
More affordability tools
Climate risks
Neighborhood: 37354
Nearby schools
GreatSchools rating
- NAMadisonville Primary SchoolGrades: PK-2Distance: 6.7 mi
- 5/10Madisonville Middle SchoolGrades: 6-8Distance: 7.5 mi
- 5/10Sequoyah High SchoolGrades: 9-12Distance: 8.2 mi
Local experts in 37354
- Tennessee
- Monroe County
- Madisonville
- 37354
- 124 Peninsula Rd






