Courtesy: REMAX Real Estate Ten of Morristown
423-581-8881
Investment Portfolio on Norris Lake • 12.91 acres • 3 income-producing homes • Approx 1,180 ft shoreline Outstanding opportunity to acquire a turn-key short-term rental portfolio on Norris Lake. Located along Paradise Point in New Tazewell, TN, this package includes three lake homes totaling 12.908 acres and approximately 1,180 ft of shoreline with two active Airbnb properties and one owner-occupied residence. Each home has fiber internet and its own driveway with excellent road access. 146 Paradise Point (Blue Haven) and 164 Paradise Point were built in 2024 and feature modern finishes, open floor plans, and lake views from every level. They share a private water system and a permitted 4-slip covered dock with swim platform for future expansion. These two homes sit on 7.88 acres with roughly 930 ft of combined shoreline. 280 Paradise Point (Lakefront Paradise) is a 1995 home fully rehabbed in 2022 with modern interior upgrades, new systems, and approx 250 ft of shoreline. This property includes a covered dock with swim platform and a 2-car garage on the main level. It is an established short-term rental with documented income performance. Combined, these properties offer multiple income streams, owner flexibility, and high visibility near Norris Landing Marina and Jimmy's Place. Proximity to Woodlake Golf Course (10 mi), Walmart in Tazewell (12 mi), Frostee Freeze (11 mi), Veterans Overlook (22 mi), Morristown (30 mi), and Knoxville (55 mi) supports tourism and rental demand. Ideal for investors seeking an East Tennessee vacation portfolio, hospitality expansion, or corporate retreat center with development potential on Norris Lake. Watch the video: https://vimeo.com/1135128187?fl=tl&fe=ec
New Tazewell is located in Tennessee. New Tazewell, Tennessee has a population of 2,767. New Tazewell is more family-centric than the surrounding county with 41.08% of the households containing married families with children. The county average for households married with children is 32.64%.
The median household income in New Tazewell, Tennessee is $44,643. The median household income for the surrounding county is $41,938 compared to the national median of $69,021. The median age of people living in New Tazewell is 46.3 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 25.2 degrees. The average rainfall is approximately 48.7 inches per year, with 11.4 inches of snow per year.
