146 Paradise PT New Tazewell, TN 37825
5,284 SqFt
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 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
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
Larry C. LeSueur
Real Estate Professional, Realtor | License ID: TN 361390, NMLS# 2467587