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493 Bankwood Lane, LaFollette, 37766
Priced At: $2,279,000
Property Details for ID: 1321479
SqFt: 4,516
Price SqFt: $505
Total Bedrooms: 6
Full Baths: 6 / Half Baths: 1
MLS Status: Active
Property Type: Residential
On Market Date: 2025-11-10T22:48:21Z
Subdivision: Banks of Big Creek
Public Remarks: 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.
Schools Information
Sorry, school information is not available for this listing.Building Description
Site Built: Yes
Year Built: 2013
Total Rooms: 8
SqFt (Total): 4,516
SqFt (Main Lvl): 2,258
SqFt (Down Lvl): 2,258
Full Baths: 6
1/2 Baths: 1
Fireplace: Yes
Bonus Room: No
Extra Storage: Yes
Basement: Yes
Basement Type: Finished, Plumbed, Walkout
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: Mandatory
HOA Fee: 300
HOA Freq: Yearly
HOA Contact: Banks of Big Creek
Heating & Cooling
Total Fireplaces: 3
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
Take Demory Rd to Grantsboro Rd 14 min (7.9 mi) Head southwest on E Central Ave toward I-75ALT N/N Indiana Ave  0.9 mi Continue onto I-75ALT S  0.3 mi Turn left onto South Ave  0.5 mi Continue onto Demory Rd  6.2 mi  Take Chestnut Stump Rd to Bankwood Ln 12 min (5.3 mi) Slight right onto Grantsboro Rd  0.9 mi Turn right onto Chestnut Stump Rd  3.0 mi Slight left onto Bankston Ln  0.6 mi Slight right onto Big Creek Rd  0.3 mi Turn right onto Bankwood Ln  Destination will be on the left  0.5 mi 493 Bankwood Ln LaFollette, TN 3776
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!