About 340 Parsons Shores Drive, Sharps Chapel, Tennessee, 37866
5+ PRIVATE ACRES on NORRIS LAKE with NO HOA, PRIVATE DOCK, STRONG STR & EXPANSION POTENTIAL — offering lake living without limits. Located adjacent to one of the lake’s most sought-after communities, this 5.3-acre property delivers exceptional privacy, flexibility & long-term investment upside. Accessed via a scenic ¾-mile road ending in a cul-de-sac, the setting is quiet and low-traffic, surrounded by large-acreage homes. The property includes approximately 150 ft of year-round water frontage with a private transferable dock featuring boat lift, canopy, sundeck & jet ski port (permit for 2nd), along with expansive undeveloped views of Island F. The 2,658 sq ft A-frame offers 2BR/2BA plus a spacious loft suite with en-suite bath, functioning as a primary 3rd bedroom. The home is currently furnished to comfortably accommodates up to 8 guests. 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 septic system & gated gravel drive provides rare expansion potential for a guest home or future compound. Outdoor living features multiple entertaining areas including a wraparound deck, hot tub deck & lakefront fire pit gathering space. With no HOA & no rental restrictions, the property functions equally well as a private retreat, full-time residence, or income-producing short-term rental with approximately $80K+/year potential. Offered furnished with STR branding & marketing assets available for transfer, presenting a rare opportunity to own acreage, privacy & income potential in one of East Tennessee’s most desirable Norris Lake settings.
5 Total Parking
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
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: $1,275,000
Tax Amount: 2226
Last Modified : Aug 26 2026 2:52AM
Amenities :
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Courtesy of: James Daley, Benchmark Realty, LLC (MLS# RTC3222)
Source MLS: Realtracs