146 Paradise Point, New Tazewell, TN 37825

$2,500,000
Property Type: Multi-Family Square Footage: 6,392 Lot Size (sq. ft.): 561,486 Status: Active
Current Price: $2,500,000 List Date: 11/10/2025 Last Modified: 11/12/2025

Description

Three Homes • 12.908 Acres • Norris Lake • Approx. 1,180 ft Shoreline • Income Producing 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.

More Information MLS# 1321416

Location, Tax & Legal Info

Area: Claiborne County - 44 City/County Code: County Total Tax: 4357

Contract Info

Auction Y/N: No Listing Price: 2500000 Current Price: $2,500,000 Status: Active Listing Date: 2025-11-10

General Property Description

Total Unfinished SqFt: 1098 Lot Dimensions: IRR Lot Size SqFt: 561486 # Units Leased: 2 Restrictions: No Utilities/Mo Avg: 805 Property Status: N/A Driveway: Gravel Lease Information: STR SqFt - Total (Aprox): 6392 Number of Units: 3 Year Built: 2024

Remarks & Misc

Directions: 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. Public Remarks: Three Homes • 12.908 Acres • Norris Lake • Approx. 1,180 ft Shoreline • Income Producing 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.

Property Sub-Type

Other: 1

Construction

Block: 1

Type of Units

2 Bedroom Unit: 1 3 or more Bdrm Units: 1 Furnished: 1 Other: 1

Siding

Fiber Cement: 1 Other: 1

Sale Includes

All Furnishings: 1 Building and Land: 1

Miscellaneous

Patio: 1 Porch: 1 Washer/Dryer Cnctns: 1

Cooling

Central Cooling: 1 Wall Cooling: 1 Other: 1

Floors

Laminate: 1 Luxury Vinyl Plank: 1

Garage/Parking

Off-Street Parking: 1

Tenant Expenses

Tenant Pays No Util: 1

Owner Expenses

Advertising: 1 Electricity: 1 Exterior Maintenance: 1 HVAC Maintenance: 1 Insurance: 1 Lawn Maintenance: 1 Roof Maintenance: 1 Supplies: 1 Taxes: 1

Fuel

Electric: 1 Propane: 1

Heat

Central: 1 Other: 1

Appliances

Dishwasher: 1 Dryer: 1 Microwave: 1 Refrigerator: 1 Smoke Detector: 1 Washer: 1

Other Rooms

Bedroom Main Level: 1 Mstr Bdrm Main Level: 1 Rec Room: 1 Split Bedroom: 1

Roof

Metal: 1

Exterior Features

Deck: 1 Dock: 1 Patio: 1 Porch - Covered: 1 Windows - Vinyl: 1

Misc Features

Internet Available: 1 Kitchen Island: 1 Pantry: 1 Washer/Dryer Connect: 1 Wired for Internet: 1

New Financing

Cash: 1 New Loan: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 146 Street Name: Paradise St Suffix: Point State/Province: TN Zip Code: 37825 PIN #: 126 050.02 Geo Lat: 36.370649 Geo Lon: -83.597755

Status Change Info

Status Change Date: 2025-11-10

Property Features

Property Sub-Type: Other Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units; Furnished; Other Sale Includes: All Furnishings; Building and Land Floors: Laminate; Luxury Vinyl Plank Tenant Expenses: Tenant Pays No Util Owner Expenses: Advertising; Electricity; Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Supplies; Taxes Fuel: Electric; Propane Heat: Central; Other Cooling: Central Cooling; Wall Cooling; Other Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Smoke Detector; Washer Construction: Block Roof: Metal Siding: Fiber Cement; Other Exterior Features: Deck; Dock; Patio; Porch - Covered; Windows - Vinyl Misc Features: Internet Available; Kitchen Island; Pantry; Washer/Dryer Connect; Wired for Internet Other Rooms: Bedroom Main Level; Mstr Bdrm Main Level; Rec Room; Split Bedroom Miscellaneous: Patio; Porch; Washer/Dryer Cnctns New Financing: Cash; New Loan Showing: See Agent Instructns
Listing Office: ReMax Real Estate Ten
IDX
Office Phone: 423-581-8881
Last Updated: November - 12 - 2025
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