7 Baths
5,200 SqFt
7 Baths
5,200 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $480
MLS Listing ID 709569
Year Built 1995
Annual Tax Amount $4,357
Lot Size 12.908 Acres
Acres 12.91
Lot Dimensions 12.91
Property Sub-Type Multi Family
Source Lakeway Area Association of REALTORS®
Property Description
Outstanding opportunity to acquire a turn-key short-term rental portfolio on Norris Lake. Located along Paradise Point in New Tazewell, TN, this package includes three lake homes totaling 12.908 acres and approximately 1,180 ft of shoreline with two active Airbnb properties and one owner-occupied residence. Each home has fiber internet and its own driveway with excellent road access.
146 Paradise Point (Blue Haven) and 164 Paradise Point were built in 2024 and feature modern finishes, open floor plans, and lake views from every level. They share a private water system and a permitted 4-slip covered dock with swim platform for future expansion. These two homes sit on 7.88 acres with roughly 930 ft of combined shoreline.
280 Paradise Point (Lakefront Paradise) is a 1995 home fully rehabbed in 2022 with modern interior upgrades, new systems, and approx 250 ft of shoreline. This property includes a covered dock with swim platform and a 2-car garage on the main level. It is an established short-term rental with documented income performance.
Combined, these properties offer multiple income streams, owner flexibility, and high visibility near Norris Landing Marina and Jimmy's Place. Proximity to Woodlake Golf Course (10 mi), Walmart in Tazewell (12 mi), Frostee Freeze (11 mi), Veterans Overlook (22 mi), Morristown (30 mi), and Knoxville (55 mi) supports tourism and rental demand.
Ideal for investors seeking an East Tennessee vacation portfolio, hospitality expansion, or corporate retreat center with development potential on Norris Lake.
Location
State TN
County Claiborne
Direction Hwy 25E to Lone Mountain Rd. Turn onto Mountain Shores Rd. Go approx 1.5 miles and bear left on Island Rd. Left on Paradise Point. 146 Paradise is the 1st home on right. 164 is to the left of it. At end of the road is 280.
Interior
Heating Central, Electric, Separate Meters, Varies by Unit, Other
Cooling Central Air, Electric, Multi Units, Other
Exterior
Utilities Available Cable Available, Electricity Connected, Propane, Fiber Internet
Waterfront Description Lake,Lake Front,Lake Privileges,Waterfront
Building
Lot Description Gentle Sloping, Irregular Lot, Private, Rolling Slope, Views, Waterfront, Wooded, See Remarks
Water Well, Other
Structure Type Concrete,HardiPlank Type,Wood Siding
Others
Senior Community No
Tax ID 126 050.00
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