Lakeville Drive, Spring City, TN 37381
Apollo Shores · Rhea County - 42 County
Key Facts
Description
12 lots sold together as a package. Incredible investment opportunity in a lake-minded community on beautiful Watts Bar Lake.....Four of the lots can share a dock, offering rare and valuable access to one of Tennessee's most desirable lakes. Arrowhead Marina is just steps away, making this location a dream for boaters, vacationers, and outdoor lovers......Perfectly positioned between Spring City and Rockwood, TN, this area continues to grow with new construction homes built in recent years, proving its strong appeal and rising demand......The POA fees are unbelievably affordable at only $18 per lot per year. Short-term rentals aren't permitted, but 6-month rentals are allowed, which pairs wonderfully with the development potential these lots offer......With land so close to (and even directly on) the water becoming harder and harder to find at this price point, this 12-lot package stands out as a truly rare opportunity for investors, builders, or anyone dreaming of lakeside development.
Property Information
Property Type
Land
Lot Size
1.56 acres
Lot Dimensions
1.56 Acres total
MLS® Listing#
1322198
Property Features
Lot Features
Community
Financial Details
HOA
$216 / Annually
Parcel Number
019C D 009.00
Directions
From Spring City take 27N to right on Rocky Springs. Pass Arrowhead Marina; enter Apollo shores
Affordability Calculator
$45,000
Estimated monthly payment
$1,198/mo
Principal $180,000 · Est. interest $251,116 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spring City, TN
- $456,563
- Median Listing Price
- 56
- Median Days on Market
- 2,081
- Median Sq Ft
- $223
- Median Price / Sq Ft
- 1,398
- Active Listings
- This home’s price is 51% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spring City, TN.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1800 Seminole Drive Apt 24, Johnson City, TN | $159,000 | 2 | 2 | 1,180 |
| 000 Tbd Noah Snyder Road, Mountain City, TN | $159,000 | — | — | — |
| Tbd 000 Dug Hill Road, Mountain City, TN | $159,000 | — | — | — |
| 1076 Highland Avenue, Union City, TN | $159,900 | 3 | — | 1,116 |
| 882 Walnut Grove Road, Bluff City, TN | $159,900 | — | — | — |
| 110 Hughes Road, Johnson City, TN | $160,000 | 3 | 2 | 1,568 |
Moving Cost Estimate
Listing Courtesy: Exit Rocky Top Realty - 9317871213