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Under contract - showing
  • Price cut: $50.9K (4/6)
    $449,000

    124 Peninsula Rd, Madisonville, TN 37354

    3beds
    1,896sqft
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    Single Family Residence, Residential
    Built in 1978
    0.52 Acres Lot
    $-- Zestimate®
    $237/sqft
    $46/mo HOA

    What's special

    : **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.
    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#: 3215142MLS Logo

      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
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        Estimated market value

        Not available

        Estimated sales range

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        Price history

        DateEventPrice
        5/12/2026Contingent$449,000$237/sqft
        Source: RCAR #20261279 Report a problem
        5/12/2026Pending sale$449,000$237/sqft
        Source: East Tennessee Realtors #1332665 Report a problem
        4/6/2026Price change$449,000-10.2%$237/sqft
        Source: East Tennessee Realtors #1332665 Report a problem
        3/18/2026Listed for sale$499,900+126.2%$264/sqft
        Source: East Tennessee Realtors #1332665 Report a problem
        1/21/2020Sold$221,000-1.8%$117/sqft
        Source: East Tennessee Realtors #1052961 Report a problem
        12/12/2019Pending sale$225,000$119/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        12/4/2019Price change$225,000-5.9%$119/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        10/28/2019Listed for sale$239,000$126/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        10/3/2019Pending sale$239,000$126/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        8/16/2018Listed for sale$239,000+298.3%$126/sqft
        Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
        10/28/1994Sold$60,000$32/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

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          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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          Neighborhood: 37354

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