Why Live in Lakesite
Lakesite offers a unique lifestyle with immediate access to Dallas Bay, Chickamauga Lake, and several inlets, making it ideal for waterside living. The neighborhood, annexed in 1994, has grown significantly while maintaining a tight-knit community feel. The scenic terrain includes mountains and glittering waters, with homes ranging from mixed-material ranch styles to contemporary new constructions featuring stucco exteriors, domed archways, and cottage-style roofing. Lakesite falls under the Hamilton County School District, with highly rated schools like McConnell Elementary and Loftis Middle. The area is highly residential with ample green spaces, and commercial needs are met in nearby Soddy Daisy. Highway 27 provides a direct route to downtown Chattanooga and is lined with essential businesses such as Walmart, Food City, and popular retailers. Local attractions include Lakesite Park, which features a playground, outdoor gym, pavilions, and a community pool, hosting seasonal events such as pool parties, Easter egg hunts, and fishing tournaments. Dining options like Zois Harbor Lights offer fresh seafood with bayside views. Several marinas line the eastern shore, providing opportunities for boating, kayaking, fishing, and swimming, with rental sites available for equipment. The neighborhood is safer than the national average, enhancing its appeal for families.
Frequently Asked Questions
What is the average home price in Lakesite, TN?
Homes for sale in Lakesite, TN have an average home price of $540,400.
Are home prices dropping in Lakesite?
Yes, home prices in Lakesite are down 37% in the last 12 months.
How many homes have sold over the last 12 months in Lakesite, TN?
11 homes have sold in Lakesite, TN over the last 12 months.
What are the most popular zip codes in Lakesite, TN?
How much do you need to make to afford a house in Lakesite?
The median home price in Lakesite is $439,900. If you put a 20% down payment of $88,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,290 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $98K a year to afford the median home price in Lakesite.
How are the schools in Lakesite, TN?
Home Trends in Lakesite, TN
On average, homes in Lakesite, TN sell after 25 days on the market compared to the national average of 50 days. The median sale price for homes in Lakesite, TN over the last 12 months is $368,800, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$368,800
Median Single Family Sale Price
$409,900
Average Price Per Sq Ft
$203
Number of Homes for Sale
11
Last 12 months Home Sales
11
Median List Price
$439,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-13%
