Off market since Aug 2026

The Story

430 Sugar Cove Way

Newport, TN 37821 · Multi-Family Home

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. …


Facts & Features

Property Info

Price
$9,450,000
Completion Year
2,019
Living Space
22,003 sq ft
Bedrooms
41
Bathrooms
34
Garage
3 spaces
Lot size
30 acres

Features & Amenities

Garage / Parking

3 spaces

Fireplace

7 fireplaces

Water Source

Well

Sewer

Public Sewer

View

Mountain

Listing Broker

RE/MAX Preferred Properties Pigeon Forge

Broker Name

RE/MAX Preferred Properties Pigeon Forge

Agent

John Scott

Location

Pigeon Forge TN 37863