Neighborhood of the Week: Riversound

This week Neighborhood of the Week heads back out West to little lakefront neighborhood called Riversound.

Located just off of Northshore Drive a little over 2 miles west of the Pellissippi, Riversound bills itself as "an exclusive lakefront development with the comfort and atmosphere of family living."

The community sits on 96 acres on the north shore of Fort Loundon Lake and not only are several homes there actually on the water, many homes in Riversound have incredible lake and mountain views. There's also a community boat dock with some private dock slips available for homeowners. There are, however, not enough for all homeowners, and when a slip goes up for sale, I hear it goes pretty quickly

Other neighborhood amenities include a 5000 sq ft neighborhood clubhouse, outdoor and indoor swimming pools, and newly resurfaced tennis courts.

Riversound is also located just up the road from quite a few county parks, including "The Cove", or Concord Park, Admiral Farragut Park and Carl Cowan Park.

So if you're looking for an upscale lakefront community that's convenient to I-640 and Turkey Creek, has it's own neighborhood pool and tennis courts and is also close to some really nice public parks, Riversound might be a good place to call home.

Note: Even though the condo community "The Breakers" is located within Riversound, I'm only going to focus on the single family homes in this NOTW.

Here's Riversound by the numbers -

Riversound*

Current On-Market Listings - 7
Average Asking Price: $744,371
Median Asking Price: $764,900
Most Expensive: $896,000 (5 BR, 5 BA, approx 5000 sq ft on about an acre)
Least Expensive: $619,900 (4 BR, 4 1/2 BA 4200+ sq ft )
Middle of the Road: $764,900 (4 BR, 4 1/2 BA, 5700+ sq ft )

Current Pending Sales - 0
Average Asking Price: NA
Median Asking Price: NA

Closed Sales - Jan 2008 - June 30 2008- 3
Average Asking Price - $628,133
Average Sales Price - $611,667
Median Sales Price - $600,000
Average Days on Market - 38

Closed Sales - Jan 2007 - June 30 2007- 1
Asking Price - $1,175,000
Sales Price - $1,115,000
Days on Market - 38

*Data taken from KAARMLS on 7/28/08 does not include condos, PUDS, adjacent neighborhoods or multi-family units.

As always, if you want any more information about any of these properties, or if you'd like to check one of them out in person, just give me a shout.

If you would like to receive a full list of properties for sale in this neighborhood, or if you would like to be notified of new listings, send me an email with either "Current Riversound Listings" or "New Riversound Listings" in the subject line and I'll take care of the rest. No spam - scout's honor.

Live in a great neighborhood you think is worthy of some attention? Let me know about it and you might just see it featured here in the coming weeks.