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Pending
  • $465,000

    113 Peninsula Dr, Gray, TN 37615

    2beds
    1,690sqft
    : 
    $2,892/mo
    Get pre-qualified
    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
    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.
    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

        DateEventPrice
        8/28/2026Pending sale$465,000$275/sqft
        Source: TVRMLS #9999418 Report a problem
        8/12/2026Listed for sale$465,000+72.2%$275/sqft
        Source: TVRMLS #9999418 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        9/11/2020Sold$270,000+29.8%$160/sqft
        Source: Public Record Report a problem
        3/1/2018Listing removed$1,400$1/sqft
        Source: Owner Report a problem
        2/19/2018Listed for rent$1,400$1/sqft
        Source: Owner Report a problem
        3/3/2005Sold$208,000+12.4%$123/sqft
        Source: Public Record Report a problem
        4/8/2002Sold$185,000$109/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

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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.
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        Climate risks

        Neighborhood: 37615

        Getting around

        0 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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