1255 New Lake Rd, Unit 23

Spring City, TN 37381

$425,000
Price
3
Beds
1,680 Sq. Ft.
$253 / Sq. Ft.
1,680
Sq. Ft.
$253
per Sq. Ft.
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New
New
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Description

Completely furnished and turn-key, this beautiful 3 bedroom, 2.5 bath townhome on Watts Bar Lake is ready for you to walk in and immediately start enjoying lake life. Whether you're looking for a short-term rental investment, weekend getaway, or full-time residence, this property offers the perfect blend of comfort and convenience. The home includes a deeded boat slip with year-round water under the dock, making it easy to spend your days boating, fishing, and enjoying everything Watts Bar Lake has...Completely furnished and turn-key, this beautiful 3 bedroom, 2.5 bath townhome on Watts Bar Lake is ready for you to walk in and immediately start enjoying lake life. Whether you're looking for a short-term rental investment, weekend getaway, or full-time residence, this property offers the perfect blend of comfort and convenience. The home includes a deeded boat slip with year-round water under the dock, making it easy to spend your days boating, fishing, and enjoying everything Watts Bar Lake has to offer. Inside, the open floor plan is ideal for entertaining, featuring a spacious living area and a large kitchen island that creates the perfect gathering space for family and friends after a day on the water. The primary suite offers a walk-in tile shower with easy access and a private covered porch off the master with peaceful lake views. Step outside to enjoy multiple outdoor living areas, including a back porch and a lower patio, providing plenty of space to relax, grill, and entertain. The community also offers a huge common area and sandy beach with a designated swimming area, as well as a private boat ramp for Hoover Landing owners giving you even more ways to enjoy the water and soak up the best of lake living. If you've been dreaming of easy, low-maintenance lake living, this move-in ready townhome makes it simple--just bring your boat and start enjoying beautiful summers on Watts Bar Lake.
  1. Listed by Ivey Hayes • simpliHOM

Property Details for 1255 New Lake Road, Unit 23

Architectural Style
Other
Waterfront
Yes
LISTING UPDATED: 05/01/2026 04:42 PM

Property Details for 1255 New Lake Road, Unit 23

StatusActive
MLS #1533810
Days on Market3
Taxes$2,199 / year
HOA Fees$150 / month
Condo/Co-op Fees-
Property TypeTownhouse
MLS TypeResidential / Townhouse
Year Built2018
Lot Size2.41 AC / 104,979 SF
CountyRhea County
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Location

Listing Courtesy of simpliHOM, Ivey Hayes (855.856.9466)
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Building Information for 1255 New Lake Road, Unit 23

Stories-Residences-Year Built2018Lot Size2.41 AC / 104,979 SF

Payment Calculator

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$2,473 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,140

Property Taxes

$183

HOA Dues

$150

The Payment Calculator is for illustrative purposes only.

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Property Information for 1255 New Lake Road, Unit 23

Summary
Location and General Information
  • City: Spring City
  • County Or Parish: Rhea
  • Directions: Take New Lake Road down past the baseball fields ''Spring City Dixie Youth'', and the condos will be on your left hand side of the road towards the lake. When you pull in, this condo will be the fourth one on the right, #23.
  • Latitude: 35.678381
  • Longitude: -84.85499
  • Postal Code: 37381
  • State Or Province: TN
  • Subdivision Name: Hoover Landing
Taxes and HOA
  • Tax Legal Description: Unit 23
  • Additional Parcels: No
  • Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Association Fee Frequency: Monthly
  • Parcel Number: 037b B 00202c004
  • Association Fee: $150
  • Association: Yes
  • Tax Annual Amount: $2,199
School Information
  • Middle Or Junior School: Spring City
  • High School: Rhea County High School
  • Elementary School: Spring City
Parking
  • Garage: No
  • Attached Garage: No
Property
Lot Information
  • Lot Features: Level, Other
  • Lot Size Dimensions: 167.31 X 118.74
  • Lot Size Acres: 2.41
  • Living Area Source: Tax Records
  • Lot Size Square Feet: 104979.6
  • Building Area Total: 1680.0
  • Lot Size Units: Acres
  • Living Area: 1680.0
Property and Assessments
  • Property Type Label: Residential
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 2018
  • Property Type: Residential,Condo
  • Property Sub Type: Townhouse
  • Description : Townhouse: Yes
Utilities
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Underground Utilities
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: HardiPlank Type, Stone, Other
  • Pool Features: None
  • Window Features: Vinyl Frames
  • Community Features: Curbs, Dock, Lake, Sidewalks
  • Parking Features: Asphalt, Kitchen Level, Off Street
  • Exterior Features: Balcony, Barbecue, Boat Slip, Dock, Dock - Floating, Private Entrance
  • Roof: Shingle
  • Roofing : Asphalt: Yes
  • Roofing : Shingle: Yes
  • Roofing : Tile: Yes
  • Structures : None: Yes
Interior Features
  • Fireplace: No
  • Electric: Yes
  • Bedrooms Total: 3
  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Appliances: Washer, Refrigerator, Oven, Microwave, Free-Standing Electric Range, Electric Water Heater, Electric Range, Dryer, Dishwasher
  • Rooms Total: 0
  • Bathrooms Total Integer: 3
  • Bathrooms Total Decimal: 2.5
  • Bathrooms Total Notational: 2.1
  • Cooling: Yes
  • Heating: Yes
  • Foundation Details: Slab
  • Basement: None
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Levels: Two
  • Interior Features: Ceiling Fan(s), Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, Open Floorplan, Pantry, Separate Shower, Tub/shower Combo, Walk-In Closet(s)
  • Flooring: Carpet, Luxury Vinyl, Tile
  • Green Features : Central Air: Yes
  • Green Features : Dryer: Yes
  • Green Features : Washer: Yes
  • Cooling : Central: Yes
  • Bed/Bath : Separate Shower: Yes
  • Floors : Carpet: Yes
Multi Family
Unit 4
  • Unit 4 Features : Eat-in Kitchen: Yes
Rental
Rental Information
  • Tenant Pays : None: Yes

Property History for 1255 New Lake Road, Unit 23

DateEvent & SourcePriceAppreciation
May 1, 2026

Listed (Active)

Greater Chattanooga Association of REALTORS #1533810

$425,000—
Aug 23, 2021

Withdrawn

Greater Chattanooga Association of REALTORS #1341461

$299,900—
Aug 23, 2021

Withdrawn

Greater Chattanooga Association of REALTORS #1341461

$299,900—
DateEvent & SourcePrice
05/01/2026

Listed (Active)

Greater Chattanooga Association of REALTORS #1533810

$425,000
08/23/2021

Withdrawn

Greater Chattanooga Association of REALTORS #1341461

$299,900
08/23/2021

Withdrawn

Greater Chattanooga Association of REALTORS #1341461

$299,900

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

Public Records for 1255 New Lake Road, Unit 23

Taxable ValueLand$8,500Additions$38,425Total$46,925
Tax Record2021$1,738 ($145 / month)
Home Facts
Beds0Baths2.5Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2StyleCondominiumYear Built2018Year Renovated2018CountyRHEAAPN072037B B 00202C004

Schools near 1255 New Lake Road, Unit 23

This home is within Rhea County School District.
Rating
School
Type
Grades
Distance
Spring City Elementary School
Public - PK to 5
Spring City Middle School
Public - 6 to 8
Rhea County High School
Public - 9 to 12
Rhea Middle School
Public - 6 to 8
Rating
School
Distance
Spring City Elementary School
PublicPK to 5

Spring City Middle School
Public6 to 8

Rhea County High School
Public9 to 12

Rhea Middle School
Public6 to 8

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 1255 New Lake Road, Unit 23, Spring City, TN 37381

1255 New Lake Road, Unit 23 is a townhouse for sale in Spring City, TN 37381. This property was listed for sale on May 1, 2026 by simpliHOM, it's currently listed at $425,000. It has been on the market for a total of 3 days and was last sold on May 24, 2019. This listing's school district is Rhea County School District. Nearby schools include Spring City Elementary School, Spring City Middle School and Rhea County High School. 1255 New Lake Road, Unit 23 is a 3-bed, 3-bath, 1,680 sqft townhouse built in 2018.

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 simpliHOM, Ivey Hayes (855.856.9466)

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: 05/01/2026 04:42 PM