Enjoy lake living at Watts Bar Lake in this move in ready townhome located within the Spring City limits. This well maintained home offers an open living and dining area that flows into a spacious eat in kitchen featuring a large island, quartz countertops, and stainless steel appliances. The main level also includes a half bath, a laundry closet with washer and dryer, and a private reinforced back deck ideal for everyday use or entertaining.
Upstairs, a lighted stairway leads to three bedrooms and a full bathroom with a tub and shower combination. The primary bedroom features a private balcony overlooking Watts Bar Lake, creating a peaceful spot to enjoy morning sunrises. The primary bathroom includes a tiled walk in shower and a double vanity.
The property includes a covered boat slip and offers access to a sandy beach, volleyball area, fishing, kayaking, boating, and Hoover Landing boat launch. Whether you are looking for a full time residence or a weekend retreat, this home offers an opportunity to enjoy the lake lifestyle with convenient access to outdoor recreation.
Start enjoying lake living today.
For sale
Price cut: $15K (3/14)
$385,000
1255 New Lake Rd Unit 27, Spring City, TN 37381
3beds
1,680sqft
Est.:
Condominium
Built in 2018
-- sqft lot
$370,900 Zestimate®
$229/sqft
$150/mo HOA
What's special
- 131 days |
- 340 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Asher Black 423-208-4943,
Keller Williams Realty 423-664-1900,
Daniel Blodgett 423-509-7021,
Keller Williams Realty
Source: Greater Chattanooga Realtors,MLS#: 1526473
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Disposal, Double Oven, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Laundry Closet
Features
- Open Floorplan, Tub/shower Combo
- Flooring: Luxury Vinyl, Plank
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
- Finished area above ground: 1,680
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Patio & porch: Deck, Patio
- Exterior features: Boat Slip, Dock, Dock - Floating
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Lake Front
Lot
- Features: Level, Other
Details
- Parcel number: 037b B 002.02
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Brick, Stone, Fiber Cement
- Foundation: Slab
- Roof: Slate
Condition
- New construction: No
- Year built: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
HOA
- Has HOA: Yes
- Amenities included: Boating, Beach Access, Boat Dock, Boat Slip
- HOA fee: $150 monthly
Location
- Region: Spring City
Financial & listing details
- Price per square foot: $229/sqft
- Tax assessed value: $375,600
- Annual tax amount: $2,199
- Date on market: 2/12/2026
- Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
Estimated market value
$370,900
$352,000 - $389,000
$2,288/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2026 | Price change | $385,000-3.8%$229/sqft |
Source: Greater Chattanooga Realtors #1526473 Report a problem | ||
| 2/12/2026 | Listed for sale | $400,000+95.6%$238/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3080248 Report a problem | ||
| 9/9/2019 | Sold | $204,500+2.8%$122/sqft |
Source: Public Record Report a problem | ||
| 5/4/2019 | Listed for sale | $199,000$118/sqft |
Source: Local MLS #1079048 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,200 | $93,900 |
| 2024 | $2,200 +17.4% | $93,900 +91.7% |
| 2023 | $1,873 +1.3% | $48,975 |
| 2022 | $1,849 +1.9% | $48,975 |
| 2021 | $1,814 +3.3% | $48,975 |
| 2020 | $1,756 +90.1% | $48,975 +4.5% |
| 2019 | $924 -2.9% | $46,875 +62.9% |
| 2018 | $951 | $28,775 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37381
Nearby schools
GreatSchools rating
- 7/10Spring City Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 7/10Spring City Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Rhea County High SchoolGrades: 9-12Distance: 7.9 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Rhea County
- Spring City
- 37381
- 1255 New Lake Rd Unit 27
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