Build the life you've always dreamed of on this rare Watts Bar Lake waterfront property! Featuring over 200 feet of shoreline and a huge gently sloping to nearly level lot, this exceptional property offers endless possibilities for your future with a concrete boat ramp. With utilities available at the road, this is more than just a vacant piece of land--it's the future homesite where your dream lake home can become reality, an incredible investment opportunity, or even a potential short-term rental retreat.
Imagine waking up each morning to breathtaking East Tennessee sunrises over the water, spending your afternoons boating, fishing, swimming, and making lifelong memories on beautiful Watts Bar Lake. The generous lot size and easy access to the water provide the perfect setting for creating your own private lakefront oasis.
Opportunities like this are becoming increasingly difficult to find on Watts Bar Lake. Conveniently located between Chattanooga and Knoxville, you'll enjoy the perfect balance of peaceful lake living while remaining close to shopping, dining, entertainment, and everyday conveniences. Whether you're looking to build your forever home, a weekend getaway, or an investment property, this exceptional waterfront tract offers the space, setting, and potential to make your vision a reality. Don't miss your chance to own a piece of East Tennessee paradise!
Lot/land
$449,000
2863 New Lake Rd, Spring City, TN 37381
--beds
--baths
2.28Acres
Unimproved Land
Built in ----
2.28 Acres Lot
$226,700 Zestimate®
$--/sqft
$-- HOA
What's special
Exceptional waterfront tractGenerous lot size
- 8 days |
- 322 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Ivey Hayes 855-856-9466,
simpliHOM 855-856-9466
Source: Greater Chattanooga Realtors,MLS#: 1536256
Facts & features
Property
Features
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Lake
Lot
- Size: 2.28 Acres
- Features: Waterfront
Details
- Additional structures: None
- Parcel number: 043 01700 000
- Zoning: Unknown
- Zoning description: Unknown
- Special conditions: Standard
- Other equipment: None
Utilities & green energy
- Sewer: Other
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Features: None
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Spring City
Financial & listing details
- Tax assessed value: $329,500
- Annual tax amount: $1,110
- Date on market: 6/6/2026
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
$226,700
$199,000 - $252,000
$2,538/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Listed for sale | $449,000+108.8% |
Source: Greater Chattanooga Realtors #1536256 Report a problem | ||
| 4/30/2026 | Sold | $215,000-6.5% |
Source: Greater Chattanooga Realtors #1529304 Report a problem | ||
| 4/8/2026 | Pending sale | $230,000 |
Source: Greater Chattanooga Realtors #1529304 Report a problem | ||
| 4/6/2026 | Listed for sale | $230,000-29.2% |
Source: Greater Chattanooga Realtors #1529304 Report a problem | ||
| 3/20/2026 | Listing removed | $325,000+400% |
Source: Greater Chattanooga Realtors #1529304 Report a problem | ||
| 8/19/1994 | Sold | $65,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,111 | $82,375 |
| 2024 | $1,111 -18.6% | $82,375 +36.1% |
| 2023 | $1,365 | $60,525 |
| 2022 | $1,365 | $60,525 |
| 2021 | $1,365 | $60,525 |
| 2020 | $1,365 -0.9% | $60,525 -0.9% |
| 2019 | $1,377 +14.5% | $61,050 +11.5% |
| 2018 | $1,203 0% | $54,750 |
| 2017 | $1,203 | $54,750 |
| 2016 | $1,203 | $54,750 |
| 2015 | $1,203 +6.7% | $54,750 +1.9% |
| 2014 | $1,127 | $53,750 |
| 2013 | $1,127 +16.3% | $53,750 -2.9% |
| 2011 | $969 | $55,375 |
| 2010 | $969 | $55,375 |
| 2009 | -- | $55,375 |
| 2008 | -- | $55,375 +65.2% |
| 2007 | $671 | $33,525 |
| 2006 | $671 | $33,525 |
| 2005 | $671 -4.8% | $33,525 |
| 2004 | $704 +66.6% | $33,525 +66.6% |
| 2003 | $423 | $20,125 +0.5% |
| 2001 | -- | $20,023 -75% |
| 2000 | -- | $80,090 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37381
Nearby schools
GreatSchools rating
- 7/10Spring City Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 7/10Spring City Middle SchoolGrades: 6-8Distance: 2.5 mi
- 4/10Rhea County High SchoolGrades: 9-12Distance: 6.6 mi
Schools provided by the listing agent
- Elementary: Spring City
- Middle: Spring City Elementary & Middle
- High: Rhea County High School
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Rhea County
- Spring City
- 37381
- 2863 New Lake Rd








