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Active 177 days on market

199 Piney Bay Lane

Spring City, TN 37381 · Piney Bay · Rhea County

$1,449,000

$50,000 price cut · Sep 2

Beds
4
Baths
4
Sq ft
3,887
Acres
0.44
Built
2012

Listing courtesy of Blue Key Properties · MLS #1339476

Description

RECENTLY REDUCED!! RARE WATTS BAR LAKE PENINSULA HOME - WATERFRONT ON THREE SIDES! Experience year-round lakefront living with this immaculate 2-story home, perfectly situated at the end of a quiet cul-de-sac on a rare peninsula lot with 450 feet of lakefront. Enjoy breathtaking, unobstructed lake views stretching over 2.5 miles, along with spectacular sunrise views. The level lot with a gentle slope leads from the 1,000 sq ft patio directly to the water, creating effortless access to the lake and your private dock. Outdoor living is enhanced with a lake-fed irrigation system, outdoor shower, and extensive exterior lighting. Waterfront features include a 1,000 sq ft synthetic surface private dock, a boat slip and double jet ski slip, both with power lifts, and a large storage closet for water toys and equipment. Interior highlights of this spacious home include 4 bedrooms/large bonus room (sleeps 20), 4 full bathrooms, 10-ft and cathedral ceilings, catwalk overlooking the kitchen and entryway, huge great room with stone fireplace (unused; easily convertible to gas), and water views from nearly every room. The beautifully appointed kitchen includes stainless steel appliances, new French-door refrigerator with extended warranty, soft-close maple cabinetry, quartz countertops, large center island and a pass-thru window to the screened porch. The main level offers a private primary suite with its own entrance to the outdoors overlooking the lake. The large laundry room has a pantry, cabinetry, counters, utility sink and access to the screened porch. The upper level offers 2 full baths, 3 bedrooms or a large bonus room that can easily accommodate up to 10 guests (currently used as an office/workout space). Additional features include zoned HVAC system, 2TB security system, 7-station intercom system, 7,500 watt portable generator, and oversized 2-car garage with shelving, sink, cabinetry, and integrated workbench. This exceptional property can be purchased turnkey, making it ideal as a full-time residence or vacation retreat. Enjoy boating, water skiing, fishing, and exploring the many nearby resorts, marinas, and waterfront restaurants that make life on Watts Bar Lake so special. Schedule your showing today before this incredible lake home is gone.

Details

Home

Type
Residential · Single Family Residence
Style
2 Story
Year built
2012
Living area
3,887 sq ft
Bedrooms
4
Bathrooms
4 full
Basement
Crawl Space
Garage
2-car
Parking
Attached, Main Level, Garage Door Opener

Interior

Rooms
Laundry/Utility, Mstr Bdrm Main Level, Office
Flooring
Carpet, Tile, Hardwood, Luxury Vinyl Plank
Fireplaces
1
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer, Dryer, Tankless Water Heater, Gas Range
Features
Eat-in Kitchen, Pantry, Walk-In Closet(s), Kitchen Island, Cathedral Ceiling(s)
Also
Washer/Dryer Connect, Pantry, Walk-In Closet(s), Walk-in Shower, Kitchen Island, Cathedral Ceiling(s), DSL Available

Exterior

Construction
Block, Frame, Cement Siding
Architecture
Contemporary
Porch & patio
Porch - Covered, Patio, Porch - Screened
Other structures
Boat House

Land

Lot size
0.44 acres
Lot
Wooded, Waterfront, Cul-De-Sac, River, Lake/Water Access
Views
Lake, Country Setting
Deed restrictions
Yes
Permitted use
Permanent residence

Utilities

Water
Public
Heating
Central, Zoned, Propane, Electric

Listing

MLS #
1339476
Status
Active
On market
177 days
Listed
May 4, 2026
Finances
Property tax
County only
Outside city limits
HOA
None
No association dues
Price per sq ft
$373
3,887 sq ft

Price history

Sep 2, 2026
Price cut
$1,449,000 −$50,000
Before
Listed
$1,499,000

Accepted

  • Cash
  • VA Loan
  • Conventional

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Location
Neighborhood
Piney Bay
County
Rhea
ZIP
37381

Drive times

  • Watts Bar Lake 20 min
  • Crossville 45 min
  • Athens 60 min
  • Lenoir City 60 min
Approximate, by road

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Listing courtesy of Blue Key Properties. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1339476.