146 Paradise PT New Tazewell, TN 37825
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,284 sqft
Price per Sqft $473
Subdivision Not In Subdivision
MLS Listing ID 9988144
Style Ranch
HOA Y/N No
Year Built 2024
Lot Size 12.910 Acres
Acres 12.91
Lot Dimensions IRR
Property Sub-Type Multi Family
Source Tennessee/Virginia Regional MLS
Property Description
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.
Location
State TN
County Claiborne
Community Not In Subdivision
Area 12.91
Zoning None
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.
Rooms
Basement Finished, Full, Plumbed, Walk-Out Access
Interior
Interior Features Granite Counters, Kitchen Island, Kitchen/Dining Combo, Open Floorplan, Wired for Data
Heating Central, Electric, Other, See Remarks, Electric
Cooling Central Air, Wall Unit(s), See Remarks
Flooring Luxury Vinyl, Laminate
Fireplaces Number 1
Fireplaces Type Gas Log, Living Room
Fireplace Yes
Window Features Insulated Windows,Window Treatments
Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Heat Source Central, Electric, Other, See Remarks
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature See Remarks
Parking Features Driveway
Utilities Available Fiber Available, Cable Available, Electricity Connected
Waterfront Description Lake Front,Lake Privileges
View Water, Mountain(s)
Roof Type Metal
Topography See Remarks, Wooded, Sloped
Porch Covered, Deck, Patio, Porch, Side Porch
Building
Entry Level Two
Foundation Block
Sewer Septic Tank
Water Well, Other, See Remarks
Architectural Style Ranch
Structure Type Concrete,HardiPlank Type,Wood Siding
New Construction No
Schools
Elementary Schools Tazewell
Middle Schools Soldiers Memorial
High Schools Claiborne
Others
Senior Community No
Tax ID 126 050.02
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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