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For sale
  • $499,900

    124 Peninsula Rd, Madisonville, TN 37354

    3beds
    1,896sqft
    : 
    Single Family Residence
    Built in 1978
    0.52 Acres Lot
    $-- Zestimate®
    $264/sqft
    $46/mo HOA

    What's special

    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!
    6 days
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    789
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    48
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    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#: 1332665MLS Logo

    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
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/18/2026Listed for sale$499,900+126.2%$264/sqft
        Source: East Tennessee Realtors #1332665 Report a problem
        1/21/2020Sold$221,000-1.8%$117/sqft
        Source: East Tennessee Realtors #1052961 Report a problem
        12/12/2019Pending sale$225,000$119/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        12/4/2019Price change$225,000-5.9%$119/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        10/28/2019Listed for sale$239,000$126/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        10/3/2019Pending sale$239,000$126/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        8/16/2018Listed for sale$239,000+298.3%$126/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        10/28/1994Sold$60,000$32/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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
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