LAKEFRONT LIVING ON BOONE LAKE. What if home felt a little more like vacation? Mornings overlooking the water. An afternoon on the lake without loading the boat, fighting the ramp or hauling anything home. Dinner on the deck. One more sunset before calling it a night. That's life at 113 Peninsula Drive. This lakefront A-frame isn't just a house near the water. It's a home designed around actually living on the lake. Step outside and your boat is waiting at your own covered boathouse with boat lift, making spontaneous lake days exactly that: spontaneous. No trailering. No marina run. Just grab the cooler, walk down to the water and go. Main channel gets the traffic. Cove living gets the peace. Here, the water feels almost like an extension of the neighborhood. The cove is quieter, more protected, and mostly traveled by the neighbors who live around you. Back at the house, the classic A-frame architecture gives the property the kind of character a lake house should have, while walls of windows and outdoor living spaces keep the water connected to everyday life. Features a bedroom and a full bath on the main level and a second bedroom and full bath in the loft. New roof in 2025. New HVAC in 2025. Basement den area provides extra space for entertaining. Whether you're hosting friends for a summer weekend, unwinding after work or sneaking in an early-morning cruise before the rest of the lake wakes up, this is a property built for the moments people move to the lake to have. And here's the part that's easy to underestimate: you're getting the lake lifestyle while still being conveniently positioned for Johnson City, Gray and Kingsport. 13 minutes from from the Tri-Cities Airport. 21 minutes from ETSU and Bristol Motor Speedway. So if you're looking at this through an investment lens, the setting is easy to imagine as a Boone Lake getaway. Classic A-frame character, true lake frontage, a quieter cove setting and a covered boathouse with boat lift create the kind of experience vacation guests are actually searching for. Spend the weekend on the water, come back to the house for dinner, wake up and do it all over again. Whether it becomes a full-time home, personal lake retreat or potentially a short-term rental, 113 Peninsula offers something increasingly hard to recreate: an experience. All information contained herein is deemed reliable but not guaranteed. Buyer/Buyer's Agent to verify all information.
Pending
$465,000
113 Peninsula Dr, Gray, TN 37615
2beds
1,690sqft
Single Family Residence, Residential
Built in 1984
0.63 Acres Lot
$451,600 Zestimate®
$275/sqft
$-- HOA
What's special
True lake frontageQuieter cove settingClassic a-frame architectureOutdoor living spacesWalls of windows
- 44 days
- 616
- 14
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ryan & Sarah McKinney 423-773-1607,
KW Johnson City 423-433-6500
Source: TVRMLS,MLS#: 9999418
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric, Heat Pump
Cooling
- Ceiling Fan(s), Central Air, Heat Pump
Appliances
- Included: Dishwasher, Range
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Ceramic Tile, Hardwood, Luxury Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,690
- Total interior livable area: 1,690 sqft
- Finished area below ground: 330
Property
Features
- Stories: 2
- Patio & porch: Back, Deck, Front Porch
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: Lake
Lot
- Size: 0.63 Acres
- Dimensions: 189 x 145
- Topography: Sloped
Details
- Additional structures: Boat House
- Parcel number: 013k A 01700 000
- Zoning: RS
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame,Contemporary
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Roof: Shingle
Condition
- Average
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Features: Lake
- Subdivision: Luther Payne
HOA
- Has HOA: No
Location
- Region: Gray
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $424,300
- Annual tax amount: $1,814
- Date on market: 8/12/2026
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
$451,600
$429,000 - $474,000
$1,933/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Pending sale | $465,000$275/sqft |
Source: TVRMLS #9999418 Report a problem | ||
| 8/12/2026 | Listed for sale | $465,000+72.2%$275/sqft |
Source: TVRMLS #9999418 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/11/2020 | Sold | $270,000+29.8%$160/sqft |
Source: Public Record Report a problem | ||
| 3/1/2018 | Listing removed | $1,400$1/sqft |
Source: Owner Report a problem | ||
| 2/19/2018 | Listed for rent | $1,400$1/sqft |
Source: Owner Report a problem | ||
| 3/3/2005 | Sold | $208,000+12.4%$123/sqft |
Source: Public Record Report a problem | ||
| 4/8/2002 | Sold | $185,000$109/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,814 | $106,075 |
| 2024 | $1,814 +31.7% | $106,075 +65.6% |
| 2023 | $1,377 | $64,050 |
| 2022 | $1,377 | $64,050 |
| 2021 | $1,377 | $64,050 |
| 2020 | $1,377 | $64,050 |
| 2019 | $1,377 | $64,050 +9.8% |
| 2018 | -- | $58,325 |
| 2017 | $1,388 | $58,325 |
| 2016 | $1,388 +20.2% | $58,325 |
| 2015 | $1,155 | $58,325 |
| 2014 | $1,155 | $58,325 |
| 2013 | -- | $58,325 -2.5% |
| 2011 | $1,145 | $59,850 |
| 2010 | $1,145 | $59,850 |
| 2009 | $1,145 | $59,850 |
| 2008 | -- | $59,850 +27.3% |
| 2007 | $1,105 +17.5% | $47,000 |
| 2006 | $940 +7% | $47,000 |
| 2005 | $879 | $47,000 |
| 2004 | $879 +44.3% | $47,000 +49% |
| 2003 | $609 | $31,550 +8.3% |
| 2001 | -- | $29,133 -75% |
| 2000 | -- | $116,533 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37615
Nearby schools
Schools provided by the listing agent
- Elementary: Boones Creek
- Middle: Boones Creek
- High: Daniel Boone
Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




