For sale Home

Listed Apr 27, 2026

$1,250,000 Est. $8,268/mo

340 Parsons Shores Drive

  • 2

    Beds

  • 2

    Baths

  • 2,658

    Sq ft

The story

  • Waterfront
  • Basement

PRICE IMPROVEMENT — $1,250,000 | BREATHTAKING LAKEFRONT HOME | 5+ PRIVATE ACRES on NORRIS LAKE | NO HOA | PRIVATE DOCK | 3-BEDROOM CONFIGURATION | SLEEPS 8 | STR & EXPANSION POTENTIAL — Immediately adjacent to sought-after Norris Shores, this 5.3-acre property offers privacy, flexibility & investment potential, with the same large-acreage character of the surrounding area — but without an HOA. A scenic ¾-mile road ends in a quiet cul-de-sac surrounded by large-acreage homes. Approx 150 ft of year-round water frontage features a private transferable dock with boat lift, canopy, sundeck & jet ski port (permit for 2nd), plus expansive views of Island F. Functioning as a 3-bedroom, the 2,658 sq ft A-frame offers 2BR/2BA plus a spacious loft suite with en-suite bath, currently configured as a primary 3rd bedroom, and comfortably sleeps 8. Renovated in 2023 with refinished cherry hardwoods, fresh interior/exterior paint & a dramatic 2-story stone fireplace with 2024 remote-start gas logs. A cleared secondary build site with its own permitted septic system & gated gravel drive offers flexibility for a guest home, future compound or additional residence. The configuration creates a shared-purchase opportunity for family, friends or investment partners. At $1.25M, two parties could acquire the property at approximately $625,000 per party, with potential to create a shared lake compound. Comparable 5-acre waterfront building sites in the area have commanded approximately $300,000–$325,000 before a home and improvements. Multiple outdoor living areas include a wraparound deck, hot tub deck & lakefront deck & fire pit area. With no HOA & no rental restrictions, the property functions as a private retreat, full-time residence or income-producing STR w/ approximately $80K+/yr potential. Rental Pro-Forma available. Offered fully furnished / turnkey for continued STR rental use. Established STR brand & marketing available.

Facts & features

Home type

Home

Year built

1997

Floors

2

Lot size

5 acres

Price per sq ft

$470

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Cooling

    Ceiling Fan(s), Central Air

  • Heating

    Central

  • Appliances

    Electric Oven, Electric Range, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Water Purifier

  • Flooring

    Wood, Tile

  • Roof

    Shingle

  • Lot Information

    Private, Rolling Slope, Views, Wooded

  • Exterior

    Dock, Balcony, Smart Camera(s)/Recording, Smart Light(s), Smart Lock(s)

  • Water Source

    Well

  • Sewer

    Septic Tank

  • View

    Water, Mountain

Mortgage calculator

Estimated monthly payment

$8,268 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $6,653
  • Property tax $1,250
  • Insurance $365

Includes principal, interest, taxes & insurance.

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Listing Broker

Benchmark Realty, LLC

Broker Name

Benchmark Realty, LLC

Agent

James Daley