Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9988144

Lot Acreage: 12.91000

Living Area: 0

Year Built:2024

Elementary School: Tazewell

Middle School: Soldiers Memorial

High School: Claiborne

Public Remarks: Three Homes • 12.908 Acres • Norris Lake • Approx. 1,180 ft Shoreline • Income Producing A rare income-producing lakefront portfolio on Norris Lake. This offering includes three separate homes across 12.908 acres with lake views, lake access, private driveways, and fiber internet. Two homes are currently operated as short-term rentals with established revenue history, and one home is owner-occupied with expansion potential. Combined, the properties offer approximately 1,180 ft of shoreline. 146 Paradise Point (4 BR / 2.5 BA / Built 2024): Known as Blue Haven, this home features a modern open-concept layout, two finished levels, and decks oriented toward the water. This property sits on 2.76 acres and is generating short-term rental income. 146 and 164 share a private water system. 164 Paradise Point (2 BR / 2 BA / Built 2024): This 5.12-acre parcel includes the primary residence. Designed with efficient living spaces and lake views, it provides the flexibility to continue as an owner residence, a long-term rental, or transition into the short-term rental program. A **4-slip covered dock with swim platform has been permitted for shared use between 146 and 164 (not yet constructed), offering scalable lake access and recreation. 280 Paradise Point (4 BR / 2 BA / 2-Car Garage / Remodeled 2022): Known as Lakefront Paradise, this property offers approx. 250 ft of direct shoreline and a covered dock with swim platform already in place. Built in 1995 and fully rehabbed in 2022, this home operates as a successful short-term rental with documented occupancy and revenue performance. Gentle slope to the water and walk-out lower level create strong guest appeal. STR / Income Highlights: • Two homes producing short-term rental income • Third home suitable for owner use, long-term rental, or STR expansion • Fiber internet available at all three residences • Proximity to Norris Landing Marina and Jimmy's Place supports year-round rental demand Location Proximities: Norris Landing Marina (0.1 mi) • Woodlake Golf Course (10 mi) • Walmart in Tazewell (12 mi) • Frostee Freeze (11 mi) • Veterans Overlook (22 mi) • Morristown (30 mi) • Knoxville (55 mi) This portfolio provides multiple income streams, owner-use flexibility, and the ability to expand short-term rental capacity with the permitted dock installation for 146 and 164. Ideal for investors seeking cash flow, asset appreciation, and scalable STR operations on Norris Lake.

Listing Courtesy:REMAX Real Estate Ten of Morristown

More Listing Info:

AC:Central Air: true

AC:See Remarks11: true

AC:Wall Unit(s): true

Appliances:Dishwasher: true

Appliances:Dryer: true

Appliances:Electric Range: true

Appliances:Microwave: true

Appliances:Refrigerator: true

Appliances:Washer: true

Basement:Finished2: true

Basement:Full: true

Basement:Plumbed: true

Basement:Walk-Out Access: true

Contract Info:Foreclosure: No

Easements:Flood Zone: true

Expenses Include:Cable TV3: true

Expenses Include:Electric2: true

Expenses Include:Taxes Real Estate: true

Expenses Include:Utilities2: true

Exterior Features:See Remarks23: true

Exterior Finish:Concrete: true

Exterior Finish:HardiPlank Type: true

Exterior Finish:Wood Siding: true

Fireplace:Gas Log: true

Fireplace:Living Room: true

Flooring:Laminate: true

Flooring:Luxury Vinyl: true

Foundation:Block6: true

General Property Description:# Fireplaces: 1

General Property Description:# of Units: 3.0

General Property Description:Acres: 12.91

General Property Description:Elementary School3: Tazewell

General Property Description:High School3: Claiborne

General Property Description:HOA YN: No

General Property Description:Home Warranty2: No

General Property Description:Lot Dimensions: IRR

General Property Description:Middle School2: Soldiers Memorial

General Property Description:Senior Community YN3: No

General Property Description:Total Units: 3

General Property Description:Zoning2: None

Heating:Central: true

Heating:Electric: true

Heating:Other12: true

Heating:See Remarks10: true

Info Available:Aerial: true

Info Available:Plat: true

Info Available:Topo Map: true

Interior Features:Granite Counters: true

Interior Features:Kitchen Island: true

Interior Features:KitchenDining Combo: true

Interior Features:Open Floorplan: true

Interior Features:Wired for Data: true

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Levels:Two: 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 Rooms:Laundry: true

Other Rooms:Primary Bathroom: true

Other Rooms:Primary Bedroom: true

Other Rooms:Recreation Room: true

Parking Features:Driveway: true

PorchPatioDeck:Covered: true

PorchPatioDeck:Deck: true

PorchPatioDeck:Patio: true

PorchPatioDeck:Porch: true

PorchPatioDeck:Side Porch: 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: Three Homes • 12.908 Acres • Norris Lake • Approx. 1,180 ft Shoreline • Income Producing A rare income-producing lakefront portfolio on Norris Lake. This offering includes three separate homes across 12.908 acres with lake views, lake access, private driveways, and fiber internet. Two homes are currently operated as short-term rentals with established revenue history, and one home is owner-occupied with expansion potential. Combined, the properties offer approximately 1,180 ft of shoreline. 146 Paradise Point (4 BR / 2.5 BA / Built 2024): Known as Blue Haven, this home features a modern open-concept layout, two finished levels, and decks oriented toward the water. This property sits on 2.76 acres and is generating short-term rental income. 146 and 164 share a private water system. 164 Paradise Point (2 BR / 2 BA / Built 2024): This 5.12-acre parcel includes the primary residence. Designed with efficient living spaces and lake views, it provides the flexibility to continue as an owner residence, a long-term rental, or transition into the short-term rental program. A **4-slip covered dock with swim platform has been permitted for shared use between 146 and 164 (not yet constructed), offering scalable lake access and recreation. 280 Paradise Point (4 BR / 2 BA / 2-Car Garage / Remodeled 2022): Known as Lakefront Paradise, this property offers approx. 250 ft of direct shoreline and a covered dock with swim platform already in place. Built in 1995 and fully rehabbed in 2022, this home operates as a successful short-term rental with documented occupancy and revenue performance. Gentle slope to the water and walk-out lower level create strong guest appeal. STR / Income Highlights: • Two homes producing short-term rental income • Third home suitable for owner use, long-term rental, or STR expansion • Fiber internet available at all three residences • Proximity to Norris Landing Marina and Jimmy's Place supports year-round rental demand Location Proximities: Norris Landing Marina (0.1 mi) • Woodlake Golf Course (10 mi) • Walmart in Tazewell (12 mi) • Frostee Freeze (11 mi) • Veterans Overlook (22 mi) • Morristown (30 mi) • Knoxville (55 mi) This portfolio provides multiple income streams, owner-use flexibility, and the ability to expand short-term rental capacity with the permitted dock installation for 146 and 164. Ideal for investors seeking cash flow, asset appreciation, and scalable STR operations on Norris Lake.

Roof:Metal3: true

Sewer:Septic Tank: true

Structure Type:House: true

Structure Type:Multi Family: true

Style:Ranch2: true

TopographyLot Description:See Remarks: true

TopographyLot Description:Sloped: true

TopographyLot Description:Wooded: true

Unit 1:# Bathrooms5: 2.0

Unit 1:# Bedrooms3: 4

Unit 1:# Half Baths: 1.0

Unit 1:# Rooms4: 7

Unit 1:# Units: 1

Unit 1:SqFt6: 1904

Unit 2:# Bathrooms4: 2.0

Unit 2:# Bedrooms4: 2

Unit 2:# Rooms3: 5

Unit 2:# Units2: 1

Unit 2:SqFt5: 1280

Unit 3:# Bathrooms3: 2.0

Unit 3:# Bedrooms5: 4

Unit 3:# Rooms2: 9

Unit 3:# Units3: 1

Unit 3:SqFt2: 2100

Utilities:Cable Available: true

Utilities:Electricity Connected: true

Utilities:Fiber Available: true

View:Mountain(s): true

View:Water2: true

Walls:Drywall: true

Water:Other23: true

Water:See Remarks12: true

Water:Well: true

Waterfront Features:Lake Front: true

Waterfront Features:Lake Privileges: true

Window Features:Insulated Windows: true

Window Features:Window Treatments: true