124 Peninsula Road, Madisonville, Tennessee 37354
TN, Madisonville-
Closed Status
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7 Days Off Market Sorry Charlie 🙁
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Residential Property Type
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3 Beds Total Bedrooms
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2 Baths Full + Half Bathrooms
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1896 Total Sqft $237/sqft
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0.52 Acres Lot/Land Size
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1978 Year Built
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Mortgage Wizard 3000 Advanced Breakdown
: **Motivated seller! Sellers have a new home under contract and ready to sell!**
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.
- Property Type: Residential
- Listing Type: For Sale
- MLS #: 3215142
- Price: $449,000
- View: Lake
- Full Bathrooms: 2
- Square Footage: 1,896 Sqft
- Year Built: 1978
- Lot Area: 0.52 Acre
- Office Name: East Tennessee Properties LLC
- Agent Name: Barbara Ratledge
- Property Sub Type: Single Family Residence
- Roof: Shingle
- Listing Status: Closed
- Street Number: 124
- Street: Peninsula Road
- City Madisonville
- State TN
- Zipcode 37354
- County Monroe County, TN
- Subdivision Laurel Lake
- Longitude: W85° 40' 14.6''
- Latitude: N35° 25' 47.5''
- 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
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Heating System Central, Electric
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Cooling System Central Air, Other
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Basement Finished, Crawl Space
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Patio Covered, Porch, Deck
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Parking Driveway, Circular Driveway, Gravel
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Utilities Electricity Available, Water Available
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Architectural Style Other
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Exterior Features Dock
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Fireplaces Total 1
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Flooring Carpet, Luxury Vinyl
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Interior Features High Ceilings, High Speed Internet, Ceiling Fan(s)
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Sewer Septic Tank
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Dishwasher
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Microwave
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Refrigerator
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Dryer
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Washer
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Electric Range
- Water Source: Public
- Association Amenities: Gated
- Building Size: 1,896 Sqft
- Construction Materials: Vinyl Siding
- Levels: Three Or More
- Lot Features: Wooded, Sloped
- Lot Size Dimensions: 214.8 X 147 IRR
- On Market Date: April 6th, 2026
- Previous Price: $499,900
- Stories: 2
- Association Fee: $550
- Association Fee Frequency: Annually
- Association Fee Includes: Trash
- Association: Yes
- Annual Tax Amount: $1,034
- Mls Status: Closed
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Jul 2nd, 2026 @ 7:25pm
- Status Change Timestamp: Jul 2nd, 2026 @ 7:24pm
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