493 Bankwood Lane, LaFollette, TN 37766

$2,050,000

Virtual Tour

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Property Type: Single Family Bedrooms: 6 Square Footage: 4,516 Lot Size (sq. ft.): 85,378 Status: Closed

Current Price: $2,050,000 List Date: 11/10/2025 Last Modified: 3/17/2026

Overview

Description

493 Bankwood Lane, LaFollette, Tennessee - Luxury Lakefront Estate Experience unparalleled luxury and the ultimate turn-key lifestyle at this magnificent 6-bedroom, 6.5-bath Norris Lake lakefront estate, perfectly situated on a 1.96-acre lot on Big Creek water. This extraordinary home is designed to capture the breathtaking, unobstructed Norris Lake views from every vantage point. The living spaces are defined by the rustic tongue and groove cathedral ceilings and walls of large windows and doors that flood the interior with natural light and seamlessly connect to the water. The expansive 6-bedroom layout ensures unparalleled comfort, as every single bedroom features its own dedicated en-suite bathroom. The ultimate luxury is delivered on the main floor, which hosts TWO distinct primary bedrooms, each with a private en-suite bath, gas fireplace, and exclusive access to a private balcony overlooking the water. The large kitchen is equipped with granite countertops and stainless ... (Read more) 493 Bankwood Lane, LaFollette, Tennessee - Luxury Lakefront Estate Experience unparalleled luxury and the ultimate turn-key lifestyle at this magnificent 6-bedroom, 6.5-bath Norris Lake lakefront estate, perfectly situated on a 1.96-acre lot on Big Creek water. This extraordinary home is designed to capture the breathtaking, unobstructed Norris Lake views from every vantage point. The living spaces are defined by the rustic tongue and groove cathedral ceilings and walls of large windows and doors that flood the interior with natural light and seamlessly connect to the water. The expansive 6-bedroom layout ensures unparalleled comfort, as every single bedroom features its own dedicated en-suite bathroom. The ultimate luxury is delivered on the main floor, which hosts TWO distinct primary bedrooms, each with a private en-suite bath, gas fireplace, and exclusive access to a private balcony overlooking the water. The large kitchen is equipped with granite countertops and stainless steel appliances. Adjacent to the kitchen, a large, highly functional laundry room includes an integrated sink, pantry storage, a dedicated ice maker, and an auxiliary refrigerator, providing exceptional convenience for entertaining. The home features hardwood flooring throughout the main level and new carpet upstairs. Outdoor living is centered around a massive deck, perfect for large gatherings and soaking in the lake sunsets. The property provides secure, deep-water access with a new metal and concrete dock that includes a retrofit lift specifically sized for a tritoon (one available for sale). After a day on the water, you can unwind in the included, top-of-the-line 6-person hot tub, positioned for a private, relaxing experience with spectacular views. This exceptional opportunity is offered fully furnished, allowing for immediate enjoyment. Furthermore, the home is protected by a comprehensive home warranty through 2028, ensuring peace of mind for the new owner. This home is located in an exclusive gated neighborhood and overnight rentals are not permitted. The Harris tritoon, Polaris Ranger UTV, and the Yamaha GP1800 jet ski are all for sale. Pricing and more details available upon request. As with all real estate transaction, buyer or buyers agent should verify all information, including but not limited to square footage, restrictions, acreage, etc.

Listing Details MLS# 1321479

Location Tax Legal Info

House #: 493
Street Name: Bankwood
St Suffix: Lane
State/Province: TN
Zip Code: 37766
PIN #: 129A A 063.02
Subdivision: Banks of Big Creek

Contract Info

Auction Y/N: No
Listing Price: 2279000

General Property Description

Type: Basement Ranch
Acres: 1.96
Acre Source: Tax Records
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 4516
SqFt - Main Lvl: 2258
SqFt - Down Lvl: 2258
# Bedrooms: 6
Baths - Full: 6
Baths - 1/2: Yes
# of Rooms: 8
Fireplace: Yes
# Fireplace: 3
Property Status: N/A
HOA: Mandatory
HOA Fee: 300
HOA Freq: Yearly
HOA Contact: Banks of Big Creek
Year Built: 2013
Bonus Room: No
Extra Storage: Yes

Status Change Info

Status Change Date: 2026-03-17
Under Contract Date: 2026-02-08
Sold Date: 2026-03-02

More Information

Property Features

Style: Traditional Construction: Block; Frame; Other Siding: Cement Basement: Finished; Plumbed; Walkout Lot Description: Lake/Water Access; Rolling Slope; Waterfront; Wooded View: Country Setting; Lake View; Lakefront; Mountain View; Seasonal Lake View; Seasonal Mountain View; Wooded Fireplace: Gas Log; Ventless; Gas Floors: Carpet; Hardwood; Luxury Vinyl Plank; Tile Fuel: Electric; Propane Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Dryer; Gas Grill; Microwave; Range; Refrigerator; Security Alarm; Self Cleaning Oven; Smoke Detector; Washer Sewer: Septic Tank Water: Public Other Rooms: Basement Rec Room; Bedroom Main Level; Den/Study; Extra Storage; Family Room; Great Room; Laundry/Utility; Mstr Bdrm Main Level; Office; Split Bedroom Misc Features: Cathedral Ceiling(s); Drapes; Handicap Accessible; Hot Tub; Internet Available; Kitchen Island; Pantry; Trey Ceiling; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wired for Internet Exterior Features: Balcony; Deck; Dock; Doors - Energy Star; Patio; Porch - Covered; Prof Landscaped; Windows - Insulated; Windows - Vinyl Dining Area: Breakfast Bar; Eat-in Kitchen; Kitchen/Dining Rm Co; Living Rm/Dining Rm Community Amenities: Architect Restricted; Gated Community Association Fee Incl: Other Showing: See Agent Instructns New Financing: Cash; Conventional; Exchange; New Loan

Documents

Restrictions ›

Dock permit ›

IDX

Listing Office: Alco Builders & Realty Co

Last Updated: March - 17 - 2026

The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

493 Bankwood Lane, LaFollette, TN 37766 (MLS# 1321479)