: **Motivated seller! Sellers have a new home under contract and ready to sell!**
Welcome to lake living in the gated community of Laurel Mountain Lakes. This 3 bedroom, 2 bath home offers approximately 1,896 square feet and the perfect blend of comfort, privacy, and waterfront access.
The main level features two spacious bedrooms, a full bath, laundry area, and an open floor plan designed for everyday living and entertaining. The kitchen includes tall solid wood cabinetry that extends toward the vaulted ceilings, creating a warm focal point that opens to the living area. The living room features a unique 360-degree wood-burning fireplace, adding character and cozy ambiance.
Step outside onto the sun deck and enjoy peaceful views of Laurel Mountain Lakes, an ideal spot for morning coffee or relaxing at the end of the day.
The lower level offers additional flexibility with a kitchenette, bonus area, and a private primary suite with a full bath, making it suitable for guests, extended family, or a private retreat. Just outside the lower level is a screened porch with porch curtains, providing a comfortable outdoor space to enjoy the evening air.
This lakefront property includes a private dock with direct access to the 60-acre lake where residents enjoy kayaking, swimming, fishing, and other water activities. Located at the end of a peninsula, the property offers deeper water and added privacy.
The home is surrounded by attractive landscaping and features a well-designed outdoor entertaining area with a grilling space and a stone and wood outdoor fireplace, creating a great setting for gatherings. The outdoor area also includes a dining space with a large rustic table positioned to take in sunset views over the water. A front deck facing the lake provides an additional outdoor space to enjoy sunrise views.
Additional features include a whole-house water filtration system with reverse osmosis and an active yearly maintenance program.
Under contract - showing
Price cut: $50.9K (4/6)
$449,000
124 Peninsula Rd, Madisonville, TN 37354
3beds
1,896sqft
Single Family Residence, Residential
Built in 1978
0.52 Acres Lot
$-- Zestimate®
$237/sqft
$46/mo HOA
What's special
- 75 days |
- 162 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Barbara Ratledge 423-519-6287,
East Tennessee Properties LLC 423-453-5722
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3215142
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric
Cooling
- Other, Central Air
Appliances
- Included: Electric Range, Dishwasher, Dryer, Washer, Refrigerator, Microwave
Features
- Ceiling Fan(s), High Ceilings, High Speed Internet
- Flooring: Carpet
- Basement: Finished,Crawl Space
- Number of fireplaces: 1
Interior area
- Total structure area: 1,896
- Total interior livable area: 1,896 sqft
Property
Parking
- Parking features: Circular Driveway, Driveway, Gravel
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 2
- Patio & porch: Deck, Covered, Porch
- Exterior features: Dock
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.52 Acres
- Dimensions: 214.8 x 147 IRR
- Features: Sloped, Wooded
- Topography: Sloped,Wooded
Details
- Parcel number: 115G B 02100 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Security: Security Gate, Smoke Detector(s)
- Subdivision: Laurel Lake
HOA
- Has HOA: Yes
- Amenities included: Gated
- Services included: Trash
- HOA fee: $550 annually
Location
- Region: Madisonville
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $271,600
- Annual tax amount: $1,034
- Date on market: 4/6/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Contingent | $449,000$237/sqft |
Source: | ||
| 5/12/2026 | Pending sale | $449,000$237/sqft |
Source: | ||
| 4/6/2026 | Price change | $449,000-10.2%$237/sqft |
Source: | ||
| 3/18/2026 | Listed for sale | $499,900+126.2%$264/sqft |
Source: | ||
| 1/21/2020 | Sold | $221,000-1.8%$117/sqft |
Source: | ||
| 12/12/2019 | Pending sale | $225,000$119/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 12/4/2019 | Price change | $225,000-5.9%$119/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 10/28/2019 | Listed for sale | $239,000$126/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 10/3/2019 | Pending sale | $239,000$126/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 8/16/2018 | Listed for sale | $239,000+298.3%$126/sqft |
Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem | ||
| 10/28/1994 | Sold | $60,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,034 | $67,900 |
| 2024 | $1,034 | $67,900 |
| 2023 | $1,034 +0.2% | $67,900 +47.4% |
| 2022 | $1,032 +6.7% | $46,075 +6.7% |
| 2021 | $968 | $43,200 |
| 2020 | $968 +13.1% | $43,200 |
| 2019 | $855 | $43,200 |
| 2018 | $855 +0% | $43,200 +25.6% |
| 2017 | $855 +22% | $34,400 +2.8% |
| 2016 | $701 | $33,475 |
| 2015 | $701 0% | $33,475 0% |
| 2014 | $701 | $33,476 |
| 2013 | $701 | $33,476 |
| 2012 | -- | $33,476 +14.2% |
| 2011 | $572 +23.4% | $29,316 |
| 2010 | $463 | $29,316 |
| 2009 | $463 0% | $29,316 |
| 2008 | $463 | $29,316 |
| 2007 | -- | $29,316 +9.1% |
| 2006 | $519 +14.9% | $26,873 |
| 2005 | $451 +1.7% | $26,873 +15.6% |
| 2004 | $444 | $23,249 |
| 2002 | $444 | $23,249 |
| 2001 | -- | $23,249 -72% |
| 2000 | -- | $83,154 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 37354
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- NAMadisonville Primary SchoolGrades: PK-2Distance: 6.7 mi
- 5/10Madisonville Middle SchoolGrades: 6-8Distance: 7.5 mi
- 5/10Sequoyah High SchoolGrades: 9-12Distance: 8.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Monroe County
- Madisonville
- 37354
- 124 Peninsula Rd






