Refine Search
Map
Sort by
$9,450,000
41 Beds ⋅ 35 Baths ⋅ 22,003 SqFt. ⋅ 1344020 MLS ⋅ ACTIVE Status
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. The combination of luxury accommodations, waterfront amenities, and expansion potential is difficult to replicate. Guests enjoy a saltwater infinity pool, hot tub, community picnic area, playground, and a six-slip marina with dedicated slips for the existing rentals. A 16-slip dock permit is also on file, creating flexibility for future waterfront enhancements and expanded guest capacity. What separates this property from other lakefront investments is how much of the groundwork has already been completed. Significant investments have been made in city sewer service, a centralized well system, internal roadways, electric service, and multiple prepared areas throughout the property. In a market where utilities, permitting, and site preparation can be major obstacles, this property has a substantial head start. Beyond the existing improvements lies an increasingly rare opportunity on Douglas Lake--room to grow. The owner believes the property supports significant additional development opportunities, subject to buyer verification and approvals. Whether the vision includes additional accommodations, event venues, recreational amenities, or other resort enhancements, the combination of acreage, infrastructure, and lake frontage provides an exceptional foundation for expansion. Adding even more potential, the property's lakeside ''Fish Shack'' and dock offer an opportunity for a future waterfront restaurant, snack/tiki bar, marina store, guest gathering venue, or marina expansion. Combined with the existing dock infrastructure and approved 16-slip dock permit, the property offers potential for a full-service waterfront resort destination. Today, guests arrive seeking a peaceful waterfront escape. Tomorrow, the next owner may envision one of the region's premier destination resorts. Conveniently located just minutes from Interstate 40 and within easy reach of Dandridge, Sevierville, Pigeon Forge, Gatlinburg, and the Great Smoky Mountains National Park.

430 Sugar Cove Way, Newport
$9,450,000
41 Beds ⋅ 34 Baths ⋅ 22,003 SqFt. ⋅ 312184 MLS ⋅ ACTIVE Status
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. The combination of luxury accommodations, waterfront amenities, and expansion potential is difficult to replicate. Guests enjoy a saltwater infinity pool, hot tub, community picnic area, playground, and a six-slip marina with dedicated slips for the existing rentals. A 16-slip dock permit is also on file, creating flexibility for future waterfront enhancements and expanded guest capacity. What separates this property from other lakefront investments is how much of the groundwork has already been completed. Significant investments have been made in city sewer service, a centralized well system, internal roadways, electric service, and multiple prepared areas throughout the property. In a market where utilities, permitting, and site preparation can be major obstacles, this property has a substantial head start. Beyond the existing improvements lies an increasingly rare opportunity on Douglas Lake--room to grow. The owner believes the property supports significant additional development opportunities, subject to buyer verification and approvals. Whether the vision includes additional accommodations, event venues, recreational amenities, or other resort enhancements, the combination of acreage, infrastructure, and lake frontage provides an exceptional foundation for expansion. Adding even more potential, the property's lakeside ''Fish Shack'' and dock offer an opportunity for a future waterfront restaurant, snack/tiki bar, marina store, guest gathering venue, or marina expansion. Combined with the existing dock infrastructure and approved 16-slip dock permit, the property offers potential for a full-service waterfront resort destination. Today, guests arrive seeking a peaceful waterfront escape. Tomorrow, the next owner may envision one of the region's premier destination resorts. Conveniently located just minutes from Interstate 40 and within easy reach of Dandridge, Sevierville, Pigeon Forge, Gatlinburg, and the Great Smoky Mountains National Park.

430 Sugar Cove Way, Newport
$3,650,000
16 Beds ⋅ 19 Baths ⋅ 16,255 SqFt. ⋅ 310058 MLS ⋅ ACTIVE Status
4-Cabin Indoor Pool STR Portfolio | Offered Individually or as a Package | Approx. $517K Annual Gross Income 203,220, 224 & 225 Amet Way | Cosby, TN Welcome to an exceptional Smoky Mountain investment opportunity--a rare four-cabin portfolio located in a proven, STR-friendly market where short-term rentals are established, welcomed, and consistently in demand. Offered individually or as a package, this collection delivers immediate cash flow, operational flexibility, and long-term confidence for the discerning investor. Each cabin operates as a turnkey, income-producing asset, thoughtfully designed around the amenities today's guests actively seek and book for: private heated indoor pools and dedicated theater rooms, complemented by game spaces and inviting gathering areas that drive strong occupancy and repeat stays year-round. Inside, guests are welcomed by spacious open-concept living areas, oversized bedrooms, and flexible sleeping arrangements ideal for families, reunions, and multi-generational groups. Fully equipped kitchens with generous prep space flow into expansive dining areas--perfect for shared meals and memorable evenings together. Bonus rooms, private suites, and hand-crafted bunk spaces allow large groups to spread out comfortably while still enjoying a shared vacation experience. Portfolio highlights include: ~Private heated indoor pools for consistent, all-season revenue ~Dedicated theater rooms elevating the guest experience ~Game and entertainment spaces designed for group enjoyment ~Spacious, STR-optimized floor plans with oversized bedrooms ~Generous parking and easy, year-round access ~Outdoor firepit areas for classic Smoky Mountain evenings Positioned just minutes from Great Smoky Mountains National Park via the Cosby entrance, the location offers peaceful mountain surroundings while remaining conveniently close to Gatlinburg's shopping, dining, and attractions. Additional nearby highlights include award-winning golf, top-rated ziplining, whitewater rafting, and easy access to Highway 321 and I-40--providing alternate routes during peak travel times. Importantly, there is no requirement to use a specific property management company, allowing owners the freedom to self-manage or select a management partner that aligns with their investment strategy. Value-add upside: While already strong performers, these cabins offer additional revenue potential through light personalization, décor updates, branding, and enhanced guest-experience touches--making this an ideal opportunity for both passive and hands-on investors. With premium amenities, proven income, and a location known for welcoming STR ownership, this portfolio represents one of the most compelling short-term rental investment opportunities currently available in the Smoky Mountains. Floor Plans and individual cabin photos can be seen by viewing each address or MLS# 310027, 310029, 310032 or 310031.

220,224225 Amet Way, Cosby

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .