Opportunities to acquire a fully operational waterfront resort with this combination of scale, infrastructure, cash flow, and future development potential are exceptionally rare. Set on nearly 30 acres with almost 2,000 feet of Douglas Lake shoreline, this commercially zoned resort features 41 bedrooms, 34 bathrooms, and 22,000+ square feet of furnished accommodations across six luxury waterfront properties. With city sewer, internal roads, electric service, and development-ready areas already in place, the property is well-positioned for future growth. Combining immediate income with long-term upside, this offering represents one of East Tennessee's most compelling resort investments.At the heart of the resort stands a three-story timber frame lodge spanning nearly 6,000 square feet. This fully furnished cabin features 6 bedrooms, 6.5 bathrooms, and accommodates up to 16 guests. Outfitted with custom Amish furniture throughout, the lodge delivers the warm atmosphere guests seek when visiting the Smoky Mountains. Expansive gathering spaces and rich timber accents create the perfect setting for families, weddings, retreats, and special events. While serving as a premier luxury rental today, the lodge also offers flexibility as a future hospitality center, event venue, culinary hub, or operational headquarters.Complementing the lodge are five waterfront villas, each offering 3,200+ square feet, 7 bedrooms, 5.5 bathrooms, and accommodations for up to 18 guests. These homes showcase soaring ceilings, custom cherry wood finishes, bamboo hardwood flooring, expansive kitchens with oversized islands, floor-to-ceiling stone fireplaces, and panoramic views of Douglas Lake from every level. Wraparound decks place guests directly above the water, immersed in the beauty of Douglas Lake.Collectively, the resort can accommodate well over 100 guests, making it ideal for family reunions, weddings, corporate retreats, church groups, sports teams, and destination events.
Listed By
Agency Name: REMAX Preferred Pigeon Forge
Agency Phone: 8654010618
Shown By
Agent Name: Max Phillips
Agent Phone: (423) 596-7173
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 24,146.19 per month $21,031.60 Principal & Interest $358.33 Property Tax $2,756.25 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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430 Sugar Cove Way | MLS# 3264195
This single family home located at 430 Sugar Cove Way , Newport, TN 37821 is currently listed for sale with an asking price of $9,450,000. This property was built in 2019 and has 41 bedrooms and 28 full and 6 partial baths with 22003 sq. ft. Sugar Cove Way is located in the Sugar Cove subdivision. Search Sugar Cove real estate on maxphillips.crye-leike.com today.