430 Sugar Cove WAY, Newport, TN 37821
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430 Sugar Cove WAY, Newport, TN 37821
430 Sugar Cove WAY, Newport, TN 37821
430 Sugar Cove WAY, Newport, TN 37821
430 Sugar Cove WAY, Newport, TN 37821
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Cindy Kraus

Cindy Kraus

+1(865) 776-0577
$ 9,450,000
Est. payment /mo
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430 Sugar Cove WAY Newport, TN 37821

41 Beds

33 Baths

22,003 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 22,003 sqft

Price per Sqft $429

Subdivision Sugar Cove

MLS Listing ID 1361085

Style Other,Cabin

Bedrooms 41

Full Baths 31

Half Baths 2

Year Built 2002

Lot Size 30.000 Acres

Acres 30.0

Property Sub-Type Single Family Residence

Source East Tennessee REALTORS® MLS

Property Description

PROJECTED $1,800,000 ANNUAL INCOME. $6,500,000 ANNUAL WITH FUTURE BUILD OUT. City sewer and XL community well system in place + infrastructure. Current contractor willing to continue builds and a reliable PM company ready to start. *HUGE COST SEG POTENTIAL* This is turnkey ready. 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. There is a 6 boat dock and a 16 boat slip permit on file. 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 beautiful modern waterfront villas, each offering 3,200+ square feet, 7 bedrooms, 5.5 bathrooms, and accommodations up to 18 guests. Showcasing 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. Resort can accommodate well over 100 guests, making it ideal for family reunions, weddings, corporate retreats, church groups, sports teams, and destination events.

Location

State TN

County Cocke County - 39

Area 30.0

Rooms

Basement Walkout, Finished

Interior

Interior Features Walk-In Closet(s), Cathedral Ceiling(s), Kitchen Island, Wet Bar

Heating Central, Electric

Cooling Central Cooling, Ceiling Fan(s)

Flooring Hardwood, Tile

Fireplaces Number 7

Fireplaces Type Gas Log

Fireplace Yes

Appliance Other

Heat Source Central, Electric

Exterior

Exterior Feature Balcony

Garage Spaces 3.0

View Mountain View, Lake

Total Parking Spaces 3

Garage Yes

Building

Lot Description Lake/Water Access, Private, Waterfront, Current Dock Permit on File

Faces I-40 Exit 432A → US-25W N/US-70 E (2.7 mi) → L Old Newport Hwy (0.1 mi) → R Indian Creek Rd (0.1 mi) → L Huff Hollow Rd (0.2 mi) → L Deerwood Rd (1.0 mi) → R Sugar Cove Way (0.1 mi) → L to stay on Sugar Cove Way (0.2 mi) → L to stay on Sugar Cove Way → 430 Sugar Cove Way.

Sewer Public Sewer

Water Well

Architectural Style Other, Cabin

Structure Type Other,Log

Others

Restrictions Yes

Tax ID 037 00103 000

Energy Description Electric

Listed by Remax Preferred Pigeon Forge

NEARBY SCHOOLS & PROPERTIES

Cindy Kraus

Cindy Kraus

Broker | Owner License ID: 328053

+1(865) 776-0577

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430 Sugar Cove WAY