Rare Opportunity to Own a Premier Waterfront Lot
Build your dream lake home on this exceptional waterfront lot, where breathtaking water views and direct lake access create the perfect setting for relaxation and recreation.
This property is truly ready for construction, with both power and water already available on-site. Enjoy immediate access to the lake with an impressive covered dock featuring two boat slips, water service at the dock, and a waterslide for endless fun on the water.
Whether you enjoy boating, fishing, swimming, or simply soaking in the peaceful surroundings, this property offers everything needed to embrace the ultimate lake lifestyle.
Located within a desirable gated community, residents enjoy additional amenities including a neighborhood boat ramp, a beautiful park-like setting, and access to 10 community boat slips.
Don't miss this rare chance to own a turnkey waterfront property with valuable improvements already in place. Bring your vision, build your custom lake retreat, and start creating unforgettable memories on the water.
Lot/land
$425,000
308 Melrose Pl, Dayton, TN 37321
--beds
--baths
0.5Acres
Unimproved Land
Built in ----
0.5 Acres Lot
$174,700 Zestimate®
$--/sqft
$83/mo HOA
What's special
Exceptional lakefront propertyStunning water viewsBeautiful waterfront lot
- 33 days |
- 202 |
- 9 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jonathan Campbell 423-314-2212,
Exit Realty 423-521-5639,
Nate Card 423-667-5861,
Exit Realty
Source: Greater Chattanooga Realtors,MLS#: 1536092
Facts & features
Property
Features
- Has view: Yes
- View description: Lake, Water
- Has water view: Yes
- Water view: Lake,Water
- Waterfront features: Lake
Lot
- Size: 0.5 Acres
- Dimensions: 100.05 x 218.77
- Features: Few Trees, Lake on Lot, Waterfront, Partially Cleared
Details
- Additional structures: Storage
- Parcel number: 092j A 01100 000
- Zoning: R-1
- Zoning description: Single-Family Residential District
Utilities & green energy
- Sewer: None
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Features: Dock, Gated, Lake, Park
- Subdivision: Melrose Landing
HOA
- Has HOA: Yes
- Amenities included: Boating, Boat Dock, Barbecue, Boat Slip, Park
- HOA fee: $1,000 annually
Location
- Region: Dayton
Financial & listing details
- Tax assessed value: $107,300
- Annual tax amount: $361
- Date on market: 6/4/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$174,700
$133,000 - $225,000
$2,269/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2026 | Listed for sale | $425,000+415.2% |
Source: Greater Chattanooga Realtors #1536092 Report a problem | ||
| 2/8/2018 | Sold | $82,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $362 | $26,825 |
| 2024 | $362 -29.2% | $26,825 +18.4% |
| 2023 | $511 | $22,650 |
| 2022 | $511 | $22,650 |
| 2021 | $511 | $22,650 |
| 2020 | $511 | $22,650 |
| 2019 | $511 -2.4% | $22,650 -4.9% |
| 2018 | $523 +0.1% | $23,825 |
| 2017 | $523 | $23,825 |
| 2016 | $523 | $23,825 |
| 2015 | $523 +4.6% | $23,825 -8.7% |
| 2014 | $500 -8.6% | $26,100 |
| 2013 | $547 +25.3% | $26,100 +4.6% |
| 2011 | $437 | $24,950 |
| 2010 | $437 | $24,950 |
| 2009 | -- | $24,950 +27.9% |
| 2008 | -- | $19,500 -17% |
| 2007 | $470 | $23,500 |
| 2006 | $470 | $23,500 |
| 2005 | $470 +12% | $23,500 +17.6% |
| 2003 | $419 | $19,975 |
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: 37321
Nearby schools
GreatSchools rating
- 7/10Frazier Elementary SchoolGrades: K-5Distance: 2.5 mi
- 6/10Rhea Middle SchoolGrades: 6-8Distance: 6.8 mi
- 4/10Rhea County High SchoolGrades: 9-12Distance: 6.9 mi
Schools provided by the listing agent
- Elementary: Rhea Central Elementary
- Middle: Rhea County 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
- Dayton
- 37321
- 308 Melrose Pl
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