146 Paradise PT New Tazewell, TN 37825
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,392 sqft
Price per Sqft $391
MLS Listing ID 1321416
Year Built 2024
Lot Size 12.890 Acres
Acres 12.89
Lot Dimensions IRR
Source East Tennessee REALTORS® MLS
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.
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.
Location
State TN
County Claiborne County - 44
Area 561486.0
Rooms
Other Rooms Split Bedroom, Bedroom Main Level, Rec Room, Mstr Bedroom Main Level
Interior
Interior Features Kitchen Island, Pantry
Heating Central, Propane, Other, Electric
Cooling Other, Central Cooling, Wall Cooling
Flooring Laminate
Furnishings true
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Heat Source Central, Propane, Other, Electric
Exterior
Exterior Feature Windows - Vinyl, Dock
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Metal
Porch true
Garage No
Building
Faces 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.
Structure Type Fiber Cement,Block,Other
Others
Restrictions No
Tax ID 126 050.02
Security Features Smoke Detector
Energy Description Electric, Propane
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
GET MORE INFORMATION