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280 Paradise Point, New Tazewell, TN 37825 - $2,500,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sale Sub Type: MLS Number: 9988049
Living Area: 5,200 Lot Acreage: 13 Year Built: 1995
Elementary School: Middle School: High School:
Property Description
Investment Portfolio on Norris Lake • 12.91 acres • 3 income-producing homes • Approx 1,180 ft shoreline 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. Watch the video: https://vimeo.com/1135128187?fl=tl&fe=ec
Listing Status
Active
  • More Listing Info
    AC:Central Airtrue
    AC:Wall Unit(s)true
    Business Type:Recreationtrue
    Business Type:Residential2true
    Contract Info:ForeclosureNo
    Development Status:Infrastructure Intrue
    Development Status:Subdividedtrue
    Easements:None12true
    Electric Service:220 Voltstrue
    Electric Service:See Remarks36true
    Exterior Finish:HardiPlank Typetrue
    Exterior Finish:Wood Sidingtrue
    General Property Description:# Restrooms7
    General Property Description:Acres12.91
    General Property Description:Annual Lease0.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size2IRR
    General Property Description:Total SqFt Finished5200.0
    General Property Description:Total SqFt Unfinished1098.0
    General Property Description:Zoning2None
    Heating:Centraltrue
    Heating:Electrictrue
    Heating:See Remarks10true
    Info Available:Aerialtrue
    Info Available:Plattrue
    Info Available:Soil Testtrue
    Info Available:Topo Maptrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes4357.0
    Location Tax Legal Info:Deed Book #1608
    Location Tax Legal Info:Deed Page #454
    Other Equipment:Additional Building(s)true
    Other Equipment:Dishwasher2true
    Other Equipment:Dryer2true
    Other Equipment:Free Standingtrue
    Other Equipment:Furnituretrue
    Other Equipment:Gas Grilltrue
    Other Equipment:Range2true
    Other Equipment:Refrigerator2true
    Other Equipment:See Remarks38true
    Other Equipment:Smoke Detector(s)2true
    Other Equipment:Washer2true
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3Hwy 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.
    Remarks Misc:Public Remarks7Investment Portfolio on Norris Lake • 12.91 acres • 3 income-producing homes • Approx 1,180 ft shoreline 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. Watch the video: https://vimeo.com/1135128187?fl=tl&fe=ec
    Restrictions:See Remarks34true
    Road Access:County Roadtrue
    Roof:Metal3true
    Sale Includes:Fee Simpletrue
    Sale Includes:See Remarks35true
    Sewer:Septic Tanktrue
    Utilities:Cable Availabletrue
    Utilities:Electricity Connectedtrue
    Utilities:Propane5true
    Water:Other23true
    Water:Welltrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
REMAX Real Estate Ten of Morristown
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