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
A lakefront investment opportunity of this scale is exceptionally rare on Norris Lake. This offering includes three homes across 12.908 acres with approximately 1,180 ft of shoreline, lake views, lake access, private driveways, walking trails, a private boat launch, and fiber internet. Two of the homes currently operate as established short-term rentals, and the third serves as an owner residence with room to expand. The layout and land positioning create privacy, flexibility, and the ability to scale income with 2 additional build sites. 14x40 storage building with electric that houses the shared water system for 146 and 164.
146 Paradise Point (4 BR / 2.5 BA / Built 2024)
Known as Blue Haven, this 2.76-acre property features a modern open layout, finished lower level, wide lake-facing decks, and strong short-term rental performance. 146 and 164 share a private water system and private boat launch. An approved additional build site allows for a 1-bedroom guest structure or RV placement.
164 Paradise Point (2 BR / 2 BA / Built 2024)
Located on 5.12 acres, this property is currently owner-occupied. Designed to function as a residence, long-term rental, or STR conversion, it offers versatility. A 4-slip uncovered dock with swim platform has been permitted for shared use between 146 and 164 (not yet constructed). A second lakefront build site at this address has been soil tested for an additional 3-bedroom home.
280 Paradise Point (4 BR / 2 BA / 2-Car Garage / Remodeled 2022)
Lakefront Paradise sits on 5.028 acres with approx. 250 ft of private shoreline and a covered dock with swim platform already in place. Fully remodeled in 2022, it is a successful short-term rental with documented income history. Gentle slope to the water and walk-out lower level create highly desirable guest appeal.
Why This Portfolio Works for Income
• Two active STRs + one adaptable residence
• Fiber internet across all three homes (remote work + STR stability)
• Dock rights secured now and scalable
• Additional build sites = growth potential
• Proximity to Norris Landing Marina & Jimmy's Place supports seasonal and year-round bookings
Nearby Points of Interest
Norris Landing Marina (0.1 mi) • Woodlake Golf Course (10 mi) • Walmart (12 mi) • Frostee Freeze (11 mi) • Veterans Overlook (22 mi) • Morristown (30 mi) • Knoxville (55 mi)
A portfolio like this is not easily replicated—rare shoreline, permitted expansion, STR performance, and multiple dwellings already in place. Designed for lifestyle + income, with room to grow.
Watch the video: https://vimeo.com/1135128187?fl=tl&fe=ec
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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Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States