7118 Flagstone Dr Ooltewah, TN 37363
Estimated payment $2,284/month
Highlights
- New Construction
- 1.03 Acre Lot
- Community Pool
- Wallace A. Smith Elementary School Rated A-
- Wooded Lot
- 2 Car Attached Garage
About This Home
Discover a stunning brand-new construction home in the established and highly sought-after Flagstone community of Ooltewah. Designed with an exceptional, easy-flow floor plan and a fully finished basement, this residence blends modern elegance with functional everyday living—perfect for hosting, relaxing, or future expansion. Set on an expansive one-acre lot with exceptional width, this property is one of the rarest offerings in Flagstone. The wide lot creates true separation from neighbors, enhances natural light, and provides a sense of openness and privacy that is nearly impossible to find within the community. The combination of space, width, and mature surroundings gives this home a premium feel from the moment you arrive. Located in Ooltewah—one of the hottest and fastest-growing areas in the region—Flagstone offers top-tier amenities, a vibrant community atmosphere, and unmatched convenience to schools, dining, shopping, and the booming Ooltewah corridor. Brand-new, beautifully built, and positioned on one of the most desirable lots in the neighborhood, this home delivers a luxury living experience with the rare combination of modern design and wide-open privacy. Home under-construction, completion estimated 4/1/26, buyer to verify all info deemed important.
Listing Agent
Horizon Sotheby's International Realty License #375256 Listed on: 12/12/2025
Home Details
Home Type
- Single Family
Year Built
- Completed in 2026 | New Construction
Lot Details
- 1.03 Acre Lot
- Wooded Lot
HOA Fees
- $21 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Home Design
- 1,794 Sq Ft Home
- Block Foundation
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Wallace A. Smith Elementary School
- Hunter Middle School
- Ooltewah High School
Utilities
- Central Heating and Cooling System
- Septic Tank
Additional Features
- Laundry on main level
- Bureau of Land Management Grazing Rights
- Basement
Listing and Financial Details
- Assessor Parcel Number 122j B 012
Community Details
Overview
- Flagestone Subdivision
Recreation
- Community Pool
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $22 | $1,000 | $0 | $0 |
| 2023 | $22 | $1,000 | $0 | $0 |
| 2022 | $22 | $1,000 | $0 | $0 |
| 2021 | $22 | $1,000 | $0 | $0 |
| 2020 | $26 | $950 | $0 | $0 |
| 2019 | $26 | $950 | $0 | $0 |
| 2018 | $26 | $950 | $0 | $0 |
| 2017 | $26 | $950 | $0 | $0 |
| 2016 | $26 | $0 | $0 | $0 |
| 2015 | $26 | $950 | $0 | $0 |
| 2014 | $26 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $429,900 | +1333.0% | $240 / Sq Ft | |
| 05/01/2024 05/01/24 | Sold | $30,000 | -7.7% | -- | View Prior Sale |
| 03/31/2024 03/31/24 | Off Market | $32,500 | -- | -- | |
| 02/15/2024 02/15/24 | For Sale | $32,500 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $40,000 | Next Title & Escrow, Llc | |
| Warranty Deed | $30,000 | Cumberland Title | |
| Quit Claim Deed | $15,000 | Abstract Title & Escrow | |
| Interfamily Deed Transfer | $75,000 | Abstract Title & Escrow |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $311,200 | Construction |
Source: Greater Chattanooga REALTORS®
MLS Number: 1525228
APN: 122J-B-012
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