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PendingPrice cut: $111K (7/6)
$989,000
3beds
2,980sqft

12408 Palm Beach Way, Knoxville, TN 37922

3beds
2,980sqft
Single family residence
Built in 2016
0.59 Acres
3 Attached garage spaces
$332 price/sqft
$83/mo HOA

What's special

Patio spaceFunctional mudroom areaTrash compactorLarge pantryGas cooktopDouble lotVenetian plaster walls

Welcome to this beautifully updated home situated on a rare double lot in Choto, offering endless possibilities to create your own private outdoor oasis with plenty of room to add a pool, additional entertaining space, or store your boat or jet ski. Inside, you'll find thoughtful upgrades and high-end finishes throughout, including plantation shutters in every room, Venetian plaster walls, water filtration system, and a convenient whole-house vacuum system. The main level features a spacious primary suite with an updated bathroom (2023), along with a sunroom and a functional mudroom area. The kitchen is designed for both style and function, complete with a dry bar, large pantry, gas cooktop, trash compactor, and all-new appliances (2023). Step outside to enjoy over $150,000 in outdoor improvements, including a beautifully redesigned backyard with pavers, patio space, and a hot tub--perfect for entertaining or relaxing. The home also features permanent ''jellyfish'' lighting for year-round ambiance and curb appeal. Additional highlights include a Generac generator, two AC units, a 3-car garage, and a flexible upstairs layout with two bedrooms, a full bath, and a large bonus room that could be a 4th bedroom. Washer, dryer, refrigerator, fire pit, and hot tub will remain with the home. Residents of Lake Cove enjoy access to a community dock and boat ramp, adding to the appeal of this exceptional property. The neighborhood is close to Markets at Choto, Concord Park, and nearby Choto Marina. Desirable school zone including Northshore elementary, Farragut Middle, and Farragut High School.

75 days
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829
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38
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Source: East Tennessee Realtors,MLS#: 1344473MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Lisa Sinclair 703-862-8165,

Wallace 865-966-1111

Source: East Tennessee Realtors,MLS#: 1344473MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
Rooms
  • Room types: Bonus Room
Heating
  • Central, Forced Air, Natural Gas, Electric
Cooling
  • Central Air
Appliances
  • Included: Dishwasher, Disposal, Microwave, Refrigerator, Self Cleaning Oven
Features
  • Walk-In Closet(s), Cathedral Ceiling(s), Kitchen Island, Breakfast Bar, Eat-in Kitchen, Central Vacuum, Bonus Room
  • Flooring: Hardwood, Tile
  • Windows: Insulated Windows
  • Basement: Crawl Space
  • Number of fireplaces: 1
  • Fireplace features: Gas Log
Interior area
  • Total structure area: 2,980
  • Total interior livable area: 2,980 sqft
Video & virtual tour

Property

Parking
  • Total spaces: 3
  • Parking features: Garage Faces Side, Garage Door Opener, Attached, Main Level
  • Attached garage spaces: 3
Features
  • Exterior features: Irrigation System, Prof Landscaped
  • Has view: Yes
  • View description: Seasonal Lake View
  • Has water view: Yes
  • Water view: Seasonal Lake View
Lot
  • Size: 0.59 Acres
  • Features: Cul-De-Sac, Corner Lot, Rolling Slope
Details
  • Parcel number: 162MD011

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subtype: Single Family Residence
Materials
  • Brick, Shingle Siding
Condition
  • Year built: 2016

Utilities & green energy

  • Sewer: Public Sewer
  • Water: Public

Community & HOA

Community
  • Security: Security System, Smoke Detector(s)
  • Subdivision: Lakecove S/D Unit 1
HOA
  • Has HOA: Yes
  • Services included: All Amenities
  • HOA fee: $1,000 annually
Location
  • Region: Knoxville

Financial & listing details

  • Price per square foot: $332/sqft
  • Tax assessed value: $873,300
  • Annual tax amount: $3,393
  • Date on market: 6/22/2026

Price history

DateEventPrice
8/9/2026Pending sale$989,000$332/sqft
Source: East Tennessee Realtors #1344473 Report a problem
7/6/2026Price change$989,000-10.1%$332/sqft
Source: East Tennessee Realtors #1344473 Report a problem
6/22/2026Listed for sale$1,100,000$369/sqft
Source: East Tennessee Realtors #1344473 Report a problem
6/15/2026Pending sale$1,100,000$369/sqft
Source: East Tennessee Realtors #1344473 Report a problem
6/12/2026Listed for sale$1,100,000+27.2%$369/sqft
Source: East Tennessee Realtors #1344473 Report a problem
10/28/2021Sold$865,000-1.1%$290/sqft
Source: East Tennessee Realtors #1165137 Report a problem
9/11/2021Pending sale$875,000$294/sqft
Source: East Tennessee Realtors #1165137 Report a problem
8/28/2021Listed for sale$875,000+79.7%$294/sqft
Source: East Tennessee Realtors #1165137 Report a problem
7/28/2016Sold$487,000$163/sqft
Source: East Tennessee Realtors #958441 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$3,393 $218,325
2024$3,393 $218,325
2023$3,393 $218,325
2022$3,393 +24.1%$218,325 +69.2%
2021$2,735 $129,000 -75%
2020$2,735 $516,000
2019$2,735 $516,000 -52%
2018$2,735 $1,073,900 +732.5%
2017$2,735 +60.4%$129,000
2016$1,705 --
2015$1,705 +320%--
2014$406 --

Find assessor info on the county website

Monthly payment

Est. payment
$5,376/mo
Principal & interest
$4972
Property taxes
$321
HOA Fees
$83
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Estimated market value

Not available

Estimated sales range

Not available

Not available

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 37922

Nearby schools

Northshore Elementary
Grades PK-54.9 miles
9/10
GreatSchools® Rating
Test Score Rating
10/10
Student Progress Rating
6/10
Farragut Middle School
Grades 6-84 miles
9/10
GreatSchools® Rating
Test Score Rating
10/10
Student Progress Rating
8/10
Farragut High School
Grades 9-123.9 miles
9/10
GreatSchools® Rating
Test Score Rating
10/10
College Readiness Rating
10/10
Student Progress Rating
6/10