124 Peninsula Road Madisonville, TN $ 499,900
124 Peninsula Road
$ 499,900
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124 Peninsula Road

Madisonville, TN, 37354
$ 499,900
Bedrooms3 Baths2.0 Sq 1,896

Monthly Estimate*

$ 3,078

124 Peninsula Road, Madisonville, TN 37354 - Image 1
124 Peninsula Road, Madisonville, TN 37354 - Image 2
124 Peninsula Road, Madisonville, TN 37354 - Image 3
124 Peninsula Road, Madisonville, TN 37354 - Image 4
124 Peninsula Road, Madisonville, TN 37354 - Image 5
124 Peninsula Road, Madisonville, TN 37354 - Image 6
124 Peninsula Road, Madisonville, TN 37354 - Image 7

Single Family Home for sale in Madisonville, TN

for $499,900 with 3 bedrooms and 2 full baths. This 1,896 square foot home was built in 1978 on a lot size of 0.52.

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. Professional photos coming soon.

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Single Family Coming Soon

Price

$ 499,900

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 1,033

Style

Cabin

Lot Size

0.52

Year Built

1978

Town/City

Madisonville

County/Region

Monroe

MLS | Web ID

20261279

Features
General
Living Area 1896
Sewer Septic Tank
Heating Central Electric
Cooling Ceiling Fan(s) Central Air
Utilities Underground Utilities High Speed Internet Connected Water Connected Sewer Connected Electricity Connected
Possession Close Of Escrow
Roof Pitched Shingle
Appliances Water Softener Water Purifier Washer Dishwasher Dryer Electric Range Electric Water Heater Microwave Refrigerator
HOA Fee 550
Patio/Porch Features Covered Deck Front Porch Porch Screened
Architectural Style Cabin
Pool Features None
Security Features Smoke Detector(s) Gated Community
Construction Materials Vinyl Siding
Year Built 1978
View Trees/Woods Neighborhood Lake
Levels Two
Property Subtype Single Family Residence
Waterfront Features Lake Privileges Beach Access Lake
Community Features Dock Fishing Gated Lake
Assoc Fee Paid Per Annually
County Monroe
New Construction false
Property Type Residential
HOA true
Attached Garage false
Subdivision Name Laurel Lake
Garage Y/N false
Other Structures Shed(s) Outbuilding Outdoor Kitchen
Full Baths 2
Status Coming Soon
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
City Madisonville
Body of Water Other
Lot Size Units Acres
Lot Size Square Feet 22651
Carport Y/N false
Listing Terms Cash Conventional FHA USDA Loan VA Loan
Tax Annual Amount 1033.98
Property Condition Updated/Remodeled
Structure Type House
Standard Status Coming Soon
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Interior
Interior Amenities Walk-In Shower Storage Open Floorplan Kitchen Island High Speed Internet High Ceilings Bathroom Mirror(s) Ceiling Fan(s)
Basement Crawl Space Finished
Flooring Carpet Luxury Vinyl
Air Conditioning Y/N true
Heating Y/N true
Window Features Window Coverings Screens
Fireplace Y/N true
Half Baths 0
Laundry Features Main Level Laundry Closet
Total Bedrooms 3
Total Baths 2
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Exterior
Exterior Amenities Rain Gutters Rain Barrel/Cistern(s) Outdoor Kitchen Outdoor Grill Dock Fire Pit Garden
Parking Features Circular Driveway Driveway Gravel
Lot Features Wooded Sloped Landscaped Garden
Water Source Public Well
Lot Size Area 0.52
Foundation Details Block
Lot Size Acres 0.52
Road Surface Type Paved
Waterfront Y/N true
Road Frontage Type Private Road
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* Excluded Features
List By
Barbara Ratledge

Listing Agent

East Tennessee Properties - Athens

Broker

etp.barbara@gmail.com

Email

Affordability Calculator

$3,164
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,078
Monthly Property Taxes
$86
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2026$499,900 Listed Price

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124 Peninsula Road, Madisonville, TN, 37354 is a Single Family Home for sale at $499,900 with 1,896 sqft and a lot size of 0.52. 124 Peninsula Road has 3 bedrooms, 2.0 baths, and was built in 1978. The property's zip code is 37354 which is in Madisonville, TN