124 Peninsula Rd

Madisonville, TN 37354

$499,900
Price
3
Beds
1,896 Sq. Ft.
$264 / Sq. Ft.
1,896
Sq. Ft.
$264
per Sq. Ft.
Get preapproved with Rocket Mortgage1
unnamed (75)
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DeckRamps
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Description

Welcome to lake living in the gated community of Laurel Mountain Lakes. This 3 bedroom, 2 bath home offers approximately 1,896 square feet and the perfect blend of comfort, privacy, and waterfront access. The main level features two spacious bedrooms, a full bath, laundry area, and an open floor plan designed for everyday living and entertaining. The kitchen includes tall solid wood cabinetry that extends toward the vaulted ceilings, creating a warm focal point that opens to the living area. The...Welcome to lake living in the gated community of Laurel Mountain Lakes. This 3 bedroom, 2 bath home offers approximately 1,896 square feet and the perfect blend of comfort, privacy, and waterfront access. The main level features two spacious bedrooms, a full bath, laundry area, and an open floor plan designed for everyday living and entertaining. The kitchen includes tall solid wood cabinetry that extends toward the vaulted ceilings, creating a warm focal point that opens to the living area. The living room features a unique 360-degree wood-burning fireplace, adding character and cozy ambiance. Step outside onto the sun deck and enjoy peaceful views of Laurel Mountain Lakes, an ideal spot for morning coffee or relaxing at the end of the day. The lower level offers additional flexibility with a kitchenette, bonus area, and a private primary suite with a full bath, making it suitable for guests, extended family, or a private retreat. Just outside the lower level is a screened porch with porch curtains, providing a comfortable outdoor space to enjoy the evening air. This lakefront property includes a private dock with direct access to the 60-acre lake where residents enjoy kayaking, swimming, fishing, and other water activities. Located at the end of a peninsula, the property offers deeper water and added privacy. The home is surrounded by attractive landscaping and features a well-designed outdoor entertaining area with a grilling space and a stone and wood outdoor fireplace, creating a great setting for gatherings. The outdoor area also includes a dining space with a large rustic table positioned to take in sunset views over the water. A front deck facing the lake provides an additional outdoor space to enjoy sunrise views. Additional features include a whole-house water filtration system with reverse osmosis and an active yearly maintenance program. The HVAC system is serviced every six months, and the home is currently under a termite protection plan. This well-maintained lakefront property offers a unique opportunity to enjoy waterfront living in the Laurel Mountain Lakes community.
  1. Listed by Barbara Ratledge • East Tennessee Properties, LLC
  2. Listed by Jason Ratledge • East Tennessee Properties, LLC

Property Details for 124 Peninsula Road

Architectural Style
Cabin
Sub division Name
Laurel Lake
View
Mountain View, Wooded, Lake
Style Cabin
True
LISTING UPDATED: 03/24/2026 06:31 PM

Property Details for 124 Peninsula Road

StatusActive
MLS #1332665
Days on Market11
Taxes$1,034 / year
HOA Fees$550 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Single Family Residence
Year Built1978
Lot Size0.52 AC / 22,651 SF
CountyMonroe County
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Location

Listing Courtesy of East Tennessee Properties, LLC, Barbara Ratledge; East Tennessee Properties, LLC, Jason Ratledge (865.410.1725)
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Building Information for 124 Peninsula Road

Stories-Year Built1978Building Size-Lot Size0.52 AC / 22,651 SF

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$2,558 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,426

Property Taxes

$86

HOA Dues

$46

The Payment Calculator is for illustrative purposes only.

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Property Information for 124 Peninsula Road

Summary
Location and General Information
  • City: Madisonville
  • County Or Parish: Monroe County - 33
  • Directions: 17 min (8.4 miles) via TN-68 S Fastest route now due to traffic conditions Hardee's 4750 New Hwy 68, Madisonville, TN 37354 Exit the parking lot toward TN-68 S 51 sec (463 ft) Turn right onto TN-68 S 6 min (5.1 mi) Continue on Bethlehem Rd. Take Bethlehem Church Rd, Laurel Branch Rd and Laurel Lake Cir to Peninsula Rd 9 min (3.2 mi) 124 Peninsula Rd Madisonville, TN 37354
  • FrontageType: Lakefront
  • Latitude: 35.429819
  • Longitude: -84.32924
  • MLS Area Major: Monroe County - 33
  • MLS Area Minor: Monroe County - 33
  • Postal Code: 37354
  • State Or Province: TN
  • View Lake: True
  • View Lakefront: True
  • View Mountain View: True
  • View Wooded: True
  • Location Tax Legal Info Area: Monroe County - 33
  • Remarks Misc Directions: 17 min (8.4 miles) via TN-68 S Fastest route now due to traffic conditions Hardee's 4750 New Hwy 68, Madisonville, TN 37354 Exit the parking lot toward TN-68 S 51 sec (463 ft) Turn right onto TN-68 S 6 min (5.1 mi) Continue on Bethlehem Rd. Take Bethlehem Church Rd, Laurel Branch Rd and Laurel Lake Cir to Peninsula Rd 9 min (3.2 mi) 124 Peninsula Rd Madisonville, TN 37354
  • Amenities Available Lake: true
Parking
  • Attached Garage: No
  • Parking Features: Main Level
  • Atchd Dtchd Type Detached: True
  • Garage Parking Main Level: True
Taxes and HOA Information
  • Association Fee: 550.0
  • Association Fee Includes: Other
  • Association: true
  • Association Fee Frequency: Yearly
  • Parcel Number: 115G B 02100 000
  • Location Tax Legal Info Total Tax: 1033.98
  • General Property Description HOA Fee: 550.0
  • General Property Description HOA Freq: Yearly
  • General Property Description HOA Contact: Laurel Lakes Association
  • General Property Description HOA: Mandatory
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Building Area Source: Tax Records
  • Lot Size Area: 0.52
  • Lot Size Units: Acres
  • Lot Size Square Feet: 22651.2
  • Year Built: 1978
  • Lot Features: Lake/Water Access, Private, Waterfront, Irregular Lot
  • Building Area Total: 1896.0
  • Lot Size Acres: 0.52
  • Lot Size Source: Tax Records
  • General Property Description SqFt - Main Lvl: 1128.0
  • General Property Description SqFt - Down Lvl: 768.0
  • General Property Description SqFt - 2nd Flr Lvl: 0.0
  • General Property Description SqFt - 3rd Flr Lvl: 0.0
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Acres: 0.52
  • General Property Description Acre Source: Tax Records
  • General Property Description Site Built: Yes
  • Lot Description Irregular Lot: True
  • Lot Description Lakefront: True
  • Lot Description Private: True
  • Lot Description Waterfront Access: True
Property and Assessments
  • Possession: At Closing
  • Property Attached: No
  • Property Type Label: Single Family
  • Floor Plans Count: 0
  • Property Type: Single Family
  • Property Sub Type: Single Family Residence
  • Possession At Closing: True
Utilities
  • General Property Description Sewer: Septic Tank
  • Fuel Electric: True
  • Misc Features Wired for Internet: True
  • Sewer Septic Tank: True
  • Water Public: True
  • Water Other: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Prof Landscaped, Balcony, Dock
  • Other Structures: Storage Shed
  • Construction Materials: Vinyl, Frame
  • Siding Vinyl: True
  • Outbuildings Storage Shed: True
  • Community Amenities Boat Ramp: True
  • Community Amenities Dock: True
  • Community Amenities Gated Community: True
  • Community Amenities Lake Access: True
  • Community Amenities PicnicBarbeque Area: True
  • Exterior Features Balcony: True
  • Exterior Features Deck: True
  • Exterior Features Dock: True
  • Exterior Features Porch - Covered: True
  • Exterior Features Porch - Screened: True
  • Exterior Features Prof Landscaped: True
Interior Features
  • Beds Total: 3
  • Baths Full: 2
  • Baths Half: 0
  • Cooling: Central Cooling
  • Fireplaces Total: 1
  • Fireplace: Yes
  • Bathrooms Total Integer: 2
  • Cooling Details: Yes
  • Kitchen Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Heating Details: Central, Electric
  • Fireplace Features: Wood Burning
  • Flooring: Carpet
  • Heating: Yes
  • Heating Central: Yes
  • Fireplace Wood Burning: True
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Basement Finished: True
  • General Property Description Number of Bedrooms: 3
  • General Property Description Number of Rooms: 6
  • General Property Description Fireplace: Yes
  • General Property Description Number of Fireplace: 1.0
  • General Property Description Basement: Yes
  • General Property Description Bonus Room: Yes
  • General Property Description Extra Storage: Yes
  • Heat Central: True
  • Dining Area Living Room Dining Room: True
  • Appliances Dishwasher: True
  • Appliances Dryer: True
  • Appliances Microwave: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Appliances Washer: True
  • Other Rooms Basement Rec Room: True
  • Other Rooms Extra Storage: True
  • Other Rooms Great Room: True
  • Other Rooms Laundry Utility: True
  • Other Rooms Sunroom: True
  • Misc Features Cathedral Ceiling: True
  • Misc Features Island in Kitchen: True
  • Misc Features Walk-in Shower: True
  • Misc Features WasherDryer Connect: True
Room Information
Room
  • Rooms Total: 6
Rental
Rent Information
  • General Property Description Restrictions: Yes
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Heating: Central,Electric

Property History for 124 Peninsula Road

DateEvent & SourcePriceAppreciation
Mar 18, 2026

Listed (Active)

KAARMLS #1332665

$499,900—
Jan 21, 2020

Closed (Public Record)

Public Record #661409883

$221,000—
Jan 21, 2020

Closed

KAARMLS #1052961

$221,000—
Dec 11, 2019

Contract - Not Showing

KAARMLS #1052961

—
Dec 4, 2019

Price Change

KAARMLS #1052961

$225,000—
Oct 28, 2019

Listed (Active)

KAARMLS #1052961

$239,000—
DateEvent & SourcePrice
03/18/2026

Listed (Active)

KAARMLS #1332665

$499,900
01/21/2020

Closed (Public Record)

Public Record #661409883

$221,000
01/21/2020

Closed

KAARMLS #1052961

$221,000
12/11/2019

Contract - Not Showing

KAARMLS #1052961

—
12/04/2019

Price Change

KAARMLS #1052961

$225,000
10/28/2019

Listed (Active)

KAARMLS #1052961

$239,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 124 Peninsula Road

Taxable ValueLand$15,775Additions$52,125Total$67,900
Tax Record2025$1,034 ($86 / month)
Home Facts
Beds0Total Finished SqFt2,256 SqFtAbove Grade Finished SqFt1,128 SqFtFinished Basement SqFt1,128 SqFtStories1Lot Size22,651 SqFtStyleSingle Family ResidenceYear Built1978Year Renovated2006CountyMONROEAPN115G B 02100Fireplace TypeHas Fireplace

Schools near 124 Peninsula Road

This home is within Monroe County School District.
Rating
School
Type
Grades
Distance
Madisonville Primary School
Public - PK to 2
Madisonville Intermediate School
Public - 3 to 5
Madisonville Middle School
Public - 6 to 8
Sequoyah High School
Public - 9 to 12
Rating
School
Distance
Madisonville Primary School
PublicPK to 2

Madisonville Intermediate School
Public3 to 5

Madisonville Middle School
Public6 to 8

Sequoyah High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 124 Peninsula Road, Madisonville, TN 37354

124 Peninsula Road is a single family home for sale in Madisonville, TN 37354. This property was listed for sale on March 18, 2026 by East Tennessee Properties, LLC, it's currently listed at $499,900. It has been on the market for a total of 11 days and was last sold on January 21, 2020. This listing's school district is Monroe County School District. Nearby schools include Madisonville Primary School, Madisonville Intermediate School and Madisonville Middle School. 124 Peninsula Road is a 3-bed, 2-bath, 1,896 sqft single family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of East Tennessee Properties, LLC, Barbara Ratledge; East Tennessee Properties, LLC, Jason Ratledge (865.410.1725)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 03/24/2026 06:31 PM