Thank you for choosing Pat McCollum! As one of the Knoxville area's premier Real Estate Brokers, we are uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm, Pat McCollum is here to help!
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.
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.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. We can provide you names of Mortgage Loan Officers that will provide you more details on your payment and total down payment.
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