About 340 Parsons Shores Drive, Sharps Chapel, Tennessee, 37866
PRICE IMPROVEMENT — $1,250,000 | BREATHTAKING LAKEFRONT HOME | 5+ PRIVATE ACRES on NORRIS LAKE | NO HOA | PRIVATE DOCK | 3-BEDROOM CONFIGURATION | SLEEPS 8 | STR & EXPANSION POTENTIAL — Immediately adjacent to sought-after Norris Shores, this 5.3-acre property offers privacy, flexibility & investment potential, with the same large-acreage character of the surrounding area — but without an HOA. A scenic ¾-mile road ends in a quiet cul-de-sac surrounded by large-acreage homes. Approx 150 ft of year-round water frontage features a private transferable dock with boat lift, canopy, sundeck & jet ski port (permit for 2nd), plus expansive views of Island F. Functioning as a 3-bedroom, the 2,658 sq ft A-frame offers 2BR/2BA plus a spacious loft suite with en-suite bath, currently configured as a primary 3rd bedroom, and comfortably sleeps 8. Renovated in 2023 with refinished cherry hardwoods, fresh interior/exterior paint & a dramatic 2-story stone fireplace with 2024 remote-start gas logs. A cleared secondary build site with its own permitted septic system & gated gravel drive offers flexibility for a guest home, future compound or additional residence. The configuration creates a shared-purchase opportunity for family, friends or investment partners. At $1.25M, two parties could acquire the property at approximately $625,000 per party, with potential to create a shared lake compound. Comparable 5-acre waterfront building sites in the area have commanded approximately $300,000–$325,000 before a home and improvements. Multiple outdoor living areas include a wraparound deck, hot tub deck & lakefront deck & fire pit area. With no HOA & no rental restrictions, the property functions as a private retreat, full-time residence or income-producing STR w/ approximately $80K+/yr potential. Rental Pro-Forma available. Offered fully furnished / turnkey for continued STR rental use. Established STR brand & marketing available.
5 Total Parking
View : Lake, Mountain(s), River, Water
Lot Features : Private, Rolling Slope, Views, Wooded
Lot Size Source : Assessor
Cooling in Property:
Heating in Property:
Topography: Private, Rolling Slope, Views, Wooded
Documents Count : 5
5 Total Parking
View : Lake, Mountain(s), River, Water
Lot Features : Private, Rolling Slope, Views, Wooded
Lot Size Source : Assessor
Cooling in Property:
Heating in Property:
Topography: Private, Rolling Slope, Views, Wooded
Documents Count : 5

Street Address: 340 Parsons Shores Drive
City: Sharps Chapel
State: Tennessee
Postal Code: 37866
County: Union
Directions: FROM RT 33 & SHARPS CHAPEL RD Intersection: Follow Sharps Chapel Rd for Aprx. 4.6 miles. Turn LEFT on Old Valley Rd. Turn LEFT on Tanglewood Rd. Keep LEFT, stay on Tanglewood Rd. Turn RIGHT on to Ball Point Rd. Go up hill, make right on Parson Shores Dr.

Property Information :
Listing Status: Active
Size: 2,658 Sqft
Lot Size: 5.30 Acres
MLS #: 3184189
Bedrooms: 2 bd
Bathrooms: 2 ba
Price: $1,250,000
Tax Amount: 2226
Last Modified : Oct 6 2026 5:44AM
Amenities :
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Courtesy of: James Daley, Benchmark Realty, LLC (MLS# RTC3222)
Source MLS: Realtracs
Based on information submitted to the MLS GRID as of 10/6/2026 10:45:04 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.