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Sold for $1,400,000 on 04/24/24
  • $1,400,000

    302 Key Cove Rd, Spring City, TN 37381

    5beds
    4,039sqft
    Single Family Residence
    Built in 2007
    0.5 Acres Lot
    $1,539,800 Zestimate®
    $347/sqft
    $3,593 Estimated rent

    Home value

    $1,539,800

    $1.46M - $1.62M

    $3,593/mo

    Zestimate® history
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    What's special

    This home on Watts Bar Lake invites you and your favorite people to live on lake time. Offering three levels of true comfort and optimal entertainment, top-notch recreational amenities and dreamy outdoor living all perfectly perched lake-side to relax and enjoy. The large, yet quiet, cove off the main channel of the TN river has year round water. Conveniently Located just 75 minutes from Chattanooga and Knoxville. This spacious open home was designed and built for just this - a multi-family vacation sweet spot! The layout of the main level has an open and enormous kitchen fully equipped for all your culinary needs to feed a crowd. The new stove features a ''air fryer'' oven! The wine fridge is ready for any vintage. The scraped wood floors, solid wood cabinetry and natural stone counters speak to the timeless and durable details found throughout this home. The adjacent dining area is wrapped in windows with dreamy views to the lake and can accommodate a table for 12. The family room and foyer open to the second level lofted balconies as well to the kitchen and dining areas keeping the heart of the home connected and glowing with comfortable seating around the wood burning fireplace and adjacent screened, back deck, a favorite space for many. And, those lake views flow all the way across the back of the house on every level! The best basement ever has lofty 11 ft ceilings and housed all the indoor entertainment with room for an air hockey table, pool table, and media equipment. The entertainment flows out the back doors onto the patio with outdoor TV connections, large Spa and infrared heater. Not enough? Take a few steps down to the lake-side firepit for evening conversations or jump off the dock into that sweet, Tennessee water. Perhaps you're a morning person, l recommend a warm drink dockside while the Mother Nature puts on a show. Or, one of the three decks on the back of the house will do for a similar start to a great day. You will find four bedrooms on the back of the house with bay window views of the beautiful lake. Two rooms are on the upper level with en-suite bathrooms and private access to the sunning deck. One room is on the main level with a large, shared bath and access to the main level deck. And the basement bunk room is adjacent to the entertainment area. The main level has one additional room on the front of the house with a shared bath (great as a nursery, office or master closet space as needed). The upper level also provides two open lofts and one fun hanging bed. There is a full bath located in the basement that also houses the laundry facility. The basement also houses a 1.5 car garage and the mechanical closet off the garage. The back yard has plenty of room to setup yard games in additional to the beautiful lakeside fire pit and dock access. This home has 2 electric hot water heaters and a whole-home water softener. This home is located on a large lake lot with year-round water, private dock with enclosed boat house and a double jet dock that works great as a launch for the canoes and kayaks, a Dynasty Radiance bench style hot tub that seats up to 8 is on the basement patio with an infrared heater for those cold night dips. Other things to note: The cove has both vacation properties and full-time residents. You may see a wondering deer or a lost dog looking for tummy rubs. You will enjoy both sunrises and sunsets viewable from the lakeside of the property as the rear of the house faces south. To the east is the Tennessee River and a wonderful osprey nest set in the lake near the neighboring dock. You are likely to see turtles, hawks, blue heron, osprey, deer, and much more on a quiet day here. An early morning cup of coffee on the dock is usually a wonderful nature show watching the sun rise and wildlife come alive. And, you may find anglers hugging the property line and dock looking for a early morning catch. This home was built as and has been a vacation home. It also was rented as an STR on a popular platform very successfully for about 14 months and can be a turn-key opportunity as either with much of the furnishings and toys available with purchase of the property.

    Zillow last checked: 8 hours ago

    Listing updated: September 08, 2024 at 07:11am

    Listed by:

    Travis Close 423-886-6577,

    Real Estate Partners Chattanooga LLC

    Bought with:

    Cristy Thomas, 314808

    Scenic South Properties, LLC

    Source: Greater Chattanooga Realtors,MLS#: 1390198

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Primary bedroom
    • Level: First
    Bedroom
    • Level: First
    Bedroom
    • Level: Second
    Bedroom
    • Level: Second
    Bedroom
    • Level: Basement
    Bedroom
    • Level: Basement
    Bathroom
    • Description: Full Bathroom
    • Level: First
    Bathroom
    • Description: Full Bathroom
    • Level: Second
    Bathroom
    • Description: Full Bathroom
    • Level: Second
    Bonus room
    • Description: Special Room
    • Level: Basement
    Family room
    • Level: First
    Laundry
    • Level: Basement
    Loft
    • Level: Second
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric, Multi Units
    Appliances
    • Included: Dryer, Disposal, Dishwasher, Electric Water Heater, Free-Standing Electric Range, Microwave, Refrigerator, Washer
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
    Features
    • Cathedral Ceiling(s), Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, Open Floorplan, Primary Downstairs, Walk-In Closet(s), Double Shower, Separate Shower, Tub/shower Combo, En Suite, Connected Shared Bathroom
    • Flooring: Carpet, Hardwood, Slate, Tile, Engineered Hardwood
    • Windows: Insulated Windows, Vinyl Frames, Window Treatments
    • Basement: Finished
    • Number of fireplaces: 1
    • Fireplace features: Den, Family Room, Wood Burning
    Interior area
    • Total structure area: 4,039
    • Total interior livable area: 4,039 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Basement, Garage Door Opener, Off Street, Garage Faces Side
    • Attached garage spaces: 2
    Features
    • Levels: Two
    • Patio & porch: Covered, Deck, Patio, Porch, Porch - Screened
    • Exterior features: Gas Grill, Dock - Stationary
    • Has spa: Yes
    • Has view: Yes
    • View description: Creek/Stream, Other, Water
    • Has water view: Yes
    • Water view: Creek/Stream,Water
    Lot
    • Size: 0.50 Acres
    • Dimensions: 106 x 206
    • Features: Gentle Sloping, Lake on Lot, Other, Sprinklers In Front, Sprinklers In Rear, Sloped
    Details
    • Parcel number: 026e E 006.00
    • Special conditions: Personal Interest

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Brick, Stone, Fiber Cement
    • Foundation: Block
    • Roof: Asphalt,Shingle
    Condition
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s), Security System
    Location
    • Region: Spring City
    • Subdivision: Keys On The Lake

    Other

    Other facts
    • Listing terms: Cash,Conventional,Owner May Carry

    Price history

    DateEventPrice
    10/30/2025Listing removed$1,650,000$409/sqft
    Source: Greater Chattanooga Realtors #1511811
    9/8/2025Price change$1,650,000-2.9%$409/sqft
    Source: Greater Chattanooga Realtors #1511811
    8/26/2025Price change$1,700,000-5.6%$421/sqft
    Source: RCAR #20251859
    8/11/2025Price change$1,800,000-5.3%$446/sqft
    Source: RCAR #20251859
    8/1/2025Price change$1,900,000-2.6%$470/sqft
    Source: Greater Chattanooga Realtors #1511811

    Public tax history

    YearProperty taxesTax assessment
    2024$5,508 +27.4%$408,440 +113%
    2023$4,324 $191,750
    2022$4,324 +0.6%$191,750 +0.6%

    Find assessor info on the county website

    Neighborhood: 37381

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Spring City
    • Middle: Spring City
    • 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.

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    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $1,539,800
    2% more+ $30,796
    With Zillow Showcase(estimated)
    $1,570,596