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For sale
  • $285,000

    264 Rain Valley Rd, La Follette, TN 37766

    3beds
    1,264sqft
    : 
    Single Family Residence
    Built in 2025
    9,147.6 Square Feet Lot
    $-- Zestimate®
    $225/sqft
    $-- HOA

    What's special

    Brand new 2025 construction located just half a mile from Norris Lake, with water views and a spacious setup for relaxing outside. Located in Rainbow Richlands, this property has clean finishes throughout, including stainless steel appliances and LVP flooring in the kitchen and bathrooms. The kitchen feels bright and functional with white cabinetry, pantry storage, and a window over the sink that frames the wooded surroundings. Large windows bring in natural light and create an easygoing feel throughout the main living areas. The floor plan includes spacious bathrooms, generous walk-in closets, and a primary ensuite with double vanity sinks and a walk-in shower. There is also a mudroom and laundry area off the back entrance, adding extra convenience after a day outdoors or on the water. The newly built 12x40 wrap-around deck is one of the standout features of the property. It creates plenty of room for seating, dining, and taking in the lake view. The cleared yard gives you even more usable exterior space without a lot of upkeep. The property has minimal restrictions, creating flexibility for personal use, second-home use, or short-term rental potential. Lake access is just a golf cart ride away, with a boat ramp and leasable slips through LifeTime Docks located at the end of the road. This central Norris Lake location provides convenient access to surrounding marinas and coves. Stardust Marina, Sequoyah Marina, and Anderson County Park are only minutes away by water. With new construction, nearby boat access, and an oversized deck for relaxing outside, this property is set up for easy Norris Lake living. Showings start 05/21. Additional photos coming soon.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Zoe Ferrell 740-974-9161,

    Wallace 865-584-4000

    Source: East Tennessee Realtors,MLS#: 1341452MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Microwave, Range, Refrigerator
      Features
      • Walk-In Closet(s), Eat-in Kitchen
      • Flooring: Laminate, Carpet
      • Windows: Insulated Windows
      • Basement: None
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,264
      • Total interior livable area: 1,264 sqft

      Property

      Parking
      • Parking features: Off Street, Main Level
      Features
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Country Setting, Trees/Woods
      • Has water view: Yes
      Lot
      • Size: 9,147.6 Square Feet
      • Dimensions: 79 x 124 IRR
      • Features: Wooded, Rolling Slope
      Details
      • Parcel number: 117D A 044.00

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding, Block
      Condition
      • Year built: 2025

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Rainbow Richlands
      Location
      • Region: La Follette

      Financial & listing details

      • Price per square foot: $225/sqft
      • Tax assessed value: $5,500
      • Annual tax amount: $17
      • Date on market: 5/21/2026
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        Estimated market value

        Not available

        Estimated sales range

        Not available

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        Price history

        DateEventPrice
        5/21/2026Listed for sale$285,000+1576.5%$225/sqft
        Source: East Tennessee Realtors #1341452 Report a problem
        3/24/2021Sold$17,000+240%$13/sqft
        Source: Public Record Report a problem
        3/7/2018Sold$5,000-91.7%$4/sqft
        Source: Public Record Report a problem
        6/30/2012Listing removed$59,900$47/sqft
        Source: Gables & Gates, REALTORS #779064 Report a problem
        11/2/2011Listed for sale$59,900+3.5%$47/sqft
        Source: Gables & Gates, REALTORS #779064 Report a problem
        10/8/2010Listing removed$57,900$46/sqft
        Source: Tennessee Home Finders LLC #730664 Report a problem
        9/11/2010Price change$57,900-3.3%$46/sqft
        Source: Tennessee Home Finders LLC #730664 Report a problem
        8/13/2010Price change$59,900-25%$47/sqft
        Source: Tennessee Home Finders, LLC #680587 Report a problem
        6/16/2010Listed for sale$79,900$63/sqft
        Source: Tennessee Home Finders, LLC #680587 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$17 $1,375
        2024$17 -41.2%$1,375
        2023$28 $1,375
        2022$28 $1,375
        2021$28 $1,375
        2020$28 $1,375
        2019$28 -27.9%$1,375 -21.4%
        2018$39 -79.4%$1,750 -79.4%
        2017$191 $8,500
        2016$191 +12.9%$8,500
        2015$169 $8,500
        2014$169 $8,500
        2013-- $8,500 -19.6%
        2011$186 $10,575
        2010$186 $10,575
        2009-- $10,575 -5.8%
        2008$225 $11,225
        2007$225 $11,225
        2006$225 $11,225

        Find assessor info on the county website

        Monthly payment

        Est. payment

          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.
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          Climate risks

          Neighborhood: 37766

          Getting around

          0 / 100
          Car-Dependent

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Middle: LA Follette
          • High: Campbell County Comprehensive

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

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