302 Key Cove Rd

Spring City, TN
$ 1,590,000 Beds 5 Baths 4 Sq 4,826 Virtual Tour
Monthly Estimate* How much can I afford?

Experience luxury lakefront living at its finest on beautiful Watts Bar Lake. Wake up to glassy water, peaceful mornings, and the kind of serenity only true waterfront living can offer. Tucked away in a private, protected cove with YEAR-ROUND WATER and just a short swim to the main channel of the Tennessee River, this exceptional property delivers the ultimate Tennessee lake lifestyle. Designed for both entertaining and relaxation, the home features an open-concept layout centered around a stunning chef's kitchen with granite countertops, rich wood cabinetry, a stove with a built-in air fryer, wine fridge, and spacious dining area surrounded by breathtaking lake views. The inviting main living space is anchored by a wood-burning fireplace and flows seamlessly onto a screened-in deck overlooking the water. The private primary suite is conveniently located on the main level. Upstairs, loft-style overlooks create an open yet functional design for guests and family, while the lower level offers 11-foot ceilings, game space, and a media-ready entertainment area perfect for movie nights after long days on the lake. Step outside to expansive outdoor living spaces featuring an outdoor TV hookup, infrared heater, and an 8-person Dynasty Radiance hot tub designed for year-round enjoyment. The covered enclosed boathouse and dock can also be expanded per TVA approval. Whether you're searching for a full-time residence, luxury vacation retreat, multi-generational getaway, or income-producing opportunity, this home offers a rare blend of privacy, elegance, and functionality. Conveniently located within driving distance of Chattanooga, Knoxville, Nashville, and Atlanta, opportunities like this on Watts Bar Lake are becoming increasingly difficult to find.

Active

  • Price
  • $ 1,590,000
  • City
  • Spring City
  • Bedrooms
  • 5
  • Full Bathrooms
  • 4
  • County
  • Rhea
  • Half Bathrooms
  • 0
  • Area
  • Rhea County
  • Lot Size
  • 0.5 Acres
  • Zip
  • 37381
  • Sqr Footage
  • 4,826
  • Year Built
  • 2007
  • Taxes
  • $ 5508
  • Style
  • Craftsman
  • MLS#
  • 1334573
Listed By: Real Estate Partners Chattanooga, LLC
Data Source: Knoxville MLS (KAAR)

Features

General

Sewer Septic Tank,Perc Test On File
Heating Central,Electric
Cooling Central Cooling,Ceiling Fan(s)
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer,Other
Garage Spaces 2
Architectural Style Craftsman
Security Features Security Alarm,Smoke Detector
Construction Materials Other,Fiber Cement,Stone,Wood Siding,Brick,Block
Year Built 2007
View Lake
Property Subtype Single Family Residence
County Rhea County - 42
Property Type Single Family
Attached Garage true
Subdivision Name Keys On The Lake Ph 6
Other Structures Boat - House
Total Rooms 17
Full Baths 4
Status Active
Directions From Rhea County Hwy/Hwy 27 Travel North, Turn Right on Rocky Springs Road, Continue on Euchee Chapel Road, Take a slight right on Stump Hollow Road, Turn left on Debbie Drive, Turn left on Key Cove Road, Home will be on your right.
High School Rhea County
City Spring City
MLS Area Rhea County - 42
Lot Size Units Acres
Lot Size Square Feet 21780
Elementary School Spring City
Property Attached Y/N false
Middle/Junior High School Spring City
MLS Area Minor Rhea County - 42
Structure Type 2 Story Basement
Standard Status Active
New Financing Cash true
New Financing VA Loan true
New Financing Coventional true

Interior Features

Interior Amenities Walk-In Closet(s),Kitchen Island,Wet Bar,Breakfast Bar,Eat-in Kitchen
Basement Finished,Slab
Flooring Carpet,Hardwood,Tile,Slate
Total Fireplaces 1
Fireplace Features Stone,Wood Burning
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Windows - Insulated
Fireplace Y/N true
Total Bedrooms 5
Total Baths 4
Other_sp_Rooms_co_Family_sp_Room true
Other_sp_Rooms_co_Great_sp_Room true

Exterior Features

Exterior Amenities Prof Landscaped,Balcony,Dock
Parking Features Garage Faces Side,Attached
Lot Features Lake/Water Access,Cul-De-Sac,Waterfront,Current Dock Permit on File
Water Source Public
Lot Size Area 0.5
Building Area Total 4826
Lot Size Acres 0.5
Frontage Type Lakefront
Lot Size Source Tax Records

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Knoxville, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Spring City Elementary School
Middle School Spring City Middle School
High School Rhea County High School

Price History

3/29/2026 Listed $1,800,000
4/15/2026 6% - $1,690,000
7/10/2026 6% - $1,590,000

Property vs Zip Code Average in 37381

Price
AVG $570K
$1.59M
Taxes
AVG $1,331
$5,508
Year Built
AVG 1994
2007

302 Key Cove Rd Spring City, TN is a Single Family Home for sale at $1590000 with 4826 sqft and a lot size of 0.5 Acres Acre(s). 302 Key Cove Rd Spring City has 5 bedrooms, 4 baths and was built in 2007. The property's zip code is 37381 which is in Spring City, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.