Welcome to 1235 New Lake Rd Unit 5, a lakefront condo designed for peaceful living and strong rental potential. Enter through beautiful French doors that flood the interior with natural light, creating a warm and inviting first impression. The home is centered around a cozy living room fireplace, forming the heart of the space and flowing naturally into the kitchen, making it ideal for relaxing evenings or entertaining guests after a day on the water.
This spacious 4-bedroom, 3-bathroom condo offers flexibility for both personal enjoyment and income-producing potential. The primary bedroom features its own private balcony with French doors opening to serene lake views, providing the perfect spot for morning coffee or unwinding at sunset. With multiple bedrooms and baths, the layout comfortably accommodates guests, family, or short-term renters.
Set directly on the lake, the property includes access to a dedicated boat launch and dock, making it easy to enjoy boating, fishing, or simply soaking in the quiet waterfront lifestyle. The unit also comes with a large 10x18 garage/storage unit, providing generous space for lake gear, outdoor equipment, water toys, or additional storage.
Whether you're an investor looking for a desirable lakefront rental property or a retiree ready to embrace quiet lake living, this condo combines comfort, scenery, and lifestyle in one exceptional waterfront opportunity.
For sale
$400,000
1235 New Lake Rd Unit 5, Spring City, TN 37381
4beds
1,680sqft
Est.:
Condominium
Built in 2008
-- sqft lot
$389,000 Zestimate®
$238/sqft
$150/mo HOA
What's special
Natural lightBeautiful french doors
- 2 days |
- 192 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 06:48am
Listed by:
Asher Black 423-208-4943,
Keller Williams Realty 423-664-1900
Source: Greater Chattanooga Realtors,MLS#: 1530232
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Second
Bedroom
- Level: First
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom
- Description: Full Bathroom
- Level: First
Bathroom
- Description: Full Bathroom
- Level: Second
Bathroom
- Description: Full Bathroom
- Level: Second
Bonus room
- Level: Second
Great room
- Level: First
Heating
- Central, Electric
Cooling
- Central Air, Electric, Multi Units
Appliances
- Laundry: Laundry Closet, Electric Dryer Hookup, Washer Hookup
Features
- Double Vanity, Granite Counters, High Ceilings, Open Floorplan, Pantry, Wet Bar, Walk-In Closet(s), Double Shower, Separate Shower, Tub/shower Combo, En Suite
- Flooring: Carpet, Tile, Engineered Hardwood
- Windows: Insulated Windows, Vinyl Frames
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas Log, Living Room
Interior area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
- Finished area above ground: 1,680
Property
Parking
- Parking features: Off Street
Features
- Patio & porch: Covered, Deck, Patio, Porch, Porch - Covered
- Exterior features: Boat Slip, Dock, Dock - Floating, Dock - Stationary
- Has view: Yes
- View description: Other, Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Marina in Community, River Access
Lot
- Features: Lake on Lot, Level, Other, Sprinklers In Front, Sprinklers In Rear, Rural
Details
- Parcel number: 037b B 002.00
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
Materials
- Stone, Fiber Cement
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2008
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
Community & HOA
Community
- Features: Sidewalks
- Security: Smoke Detector(s)
- Subdivision: Taylor's
HOA
- Has HOA: Yes
- HOA fee: $150 monthly
Location
- Region: Spring City
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $356,800
- Annual tax amount: $2,089
- Date on market: 3/12/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$389,000
$370,000 - $408,000
$2,379/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $400,000+11.1%$238/sqft |
Source: Greater Chattanooga Realtors #1530232 Report a problem | ||
| 7/10/2023 | Sold | $360,000-4%$214/sqft |
Source:  East Tennessee Realtors #1225213 Report a problem | ||
| 6/24/2023 | Pending sale | $375,000$223/sqft |
Source: East Tennessee Realtors #1225213 Report a problem | ||
| 4/27/2023 | Listed for sale | $375,000+131.5%$223/sqft |
Source: East Tennessee Realtors #1225213 Report a problem | ||
| 12/1/2017 | Sold | $162,000+11.7%$96/sqft |
Source: Public Record Report a problem | ||
| 9/7/2016 | Sold | $145,000$86/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,089 | $89,200 |
| 2024 | $2,089 +20.3% | $89,200 +96.5% |
| 2023 | $1,736 +1.3% | $45,400 |
| 2022 | $1,714 +1.9% | $45,400 |
| 2021 | $1,682 +3.3% | $45,400 |
| 2020 | $1,628 +6.5% | $45,400 |
| 2019 | $1,528 +22.5% | $45,400 +20.3% |
| 2018 | $1,247 +50.5% | $37,725 |
| 2017 | $829 | $37,725 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,366/mo
Principal & interest
$2063
Property taxes
$153
HOA Fees
$150
More affordability tools
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: 7.8 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.
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