Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9988049

Lot Acreage: 12.91000

Living Area: 5,200

Year Built:1995

Elementary School:

Middle School:

High School:

Public Remarks: 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 Courtesy:REMAX Real Estate Ten of Morristown

More Listing Info:

AC:Central Air: true

AC:Wall Unit(s): true

Business Type:Recreation: true

Business Type:Residential2: true

Contract Info:Foreclosure: No

Development Status:Infrastructure In: true

Development Status:Subdivided: true

Easements:None12: true

Electric Service:220 Volts: true

Electric Service:See Remarks36: true

Exterior Finish:HardiPlank Type: true

Exterior Finish:Wood Siding: true

General Property Description:# Restrooms: 7

General Property Description:Acres: 12.91

General Property Description:Annual Lease: 0.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: IRR

General Property Description:Total SqFt Finished: 5200.0

General Property Description:Total SqFt Unfinished: 1098.0

General Property Description:Zoning2: None

Heating:Central: true

Heating:Electric: true

Heating:See Remarks10: true

Info Available:Aerial: true

Info Available:Plat: true

Info Available:Soil Test: true

Info Available:Topo Map: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 4357.0

Location Tax Legal Info:Deed Book #: 1608

Location Tax Legal Info:Deed Page #: 454

Other Equipment:Additional Building(s): true

Other Equipment:Dishwasher2: true

Other Equipment:Dryer2: true

Other Equipment:Free Standing: true

Other Equipment:Furniture: true

Other Equipment:Gas Grill: true

Other Equipment:Range2: true

Other Equipment:Refrigerator2: true

Other Equipment:See Remarks38: true

Other Equipment:Smoke Detector(s)2: true

Other Equipment:Washer2: true

Property Condition:Above Average: true

Remarks Misc:Directions3: 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.

Remarks Misc:Public Remarks7: 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

Restrictions:See Remarks34: true

Road Access:County Road: true

Roof:Metal3: true

Sale Includes:Fee Simple: true

Sale Includes:See Remarks35: true

Sewer:Septic Tank: true

Utilities:Cable Available: true

Utilities:Electricity Connected: true

Utilities:Propane5: true

Water:Other23: true

Water:Well: true