10 Beds
7 Baths
6,392 SqFt
10 Beds
7 Baths
6,392 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,392 sqft
Price per Sqft $391
MLS Listing ID 709583
Style Ranch
Bedrooms 10
Full Baths 6
Half Baths 1
Year Built 2024
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 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.
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.
Rooms
Basement Bath/Stubbed, Daylight, Finished, Full, Walk-Out Access, Walk-Up Access
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Data
Heating Central, Electric, Varies by Unit, Other
Cooling Central Air, Electric, Multi Units, Wall Unit(s)
Fireplaces Type Metal
Fireplace Yes
Window Features Tilt Windows,Vinyl Clad Frames
Exterior
Exterior Feature Fire Pit, Outdoor Grill, Rain Gutters
Utilities Available Cable Connected, Electricity Connected, Propane
Waterfront Description Lake,Lake Front,Lake Privileges
Porch Covered, Deck, Patio, Porch
Building
Lot Description Gentle Sloping, Irregular Lot, Private, Rolling Slope, Views, Waterfront, Wooded
Foundation Block
Water Well, Other
Architectural Style Ranch
Structure Type Concrete,Fiber Cement,Vertical Siding
Others
Senior Community No
Tax ID 126 050.02
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REALTOR® | Lic# 348922