Waterfront
Address
430 Sugar Cove Way, Newport, TN
Price
$ 9,450,000
Property Attributes
- ID#3319735
- TypeSingle Family
- Listing Status Active
- CountyCOCKE
- CityNewport
- NeighborhoodSugar Cove
- Zip37821
- Style
- Year Built2019
- Taxes$ 4301
- Price$ 9,450,000
- Bedrooms41
- Full Bathrooms28
- Half Bathrooms6
- Sqr Footage22003
- Lot Size30 Acres
Data Source:
Listing courtesy of RealTracs MLS as distributed by MLS GRID
Property Description
Opportunities to acquire a fully operational waterfront resort with this combination of scale, infrastructure, 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.
| Price History | |
|---|---|
| 8/3/2026 | Listed $9,450,000 |
General Features
| Living Area | 22003 |
|---|---|
| Sewer | Public Sewer |
| Garage Spaces | 3 |
| Year Built | 2019 |
| View | Lake,Mountain(s) |
| Stories Count | 3 |
| Levels | Three Or More |
| County | Cocke County,TN |
| New Construction | No |
| Property Type | Residential |
| Attached Garage | No |
| Subdivision Name | Sugar Cove |
| Garage Y/N | Yes |
| Full Baths | 28 |
| Status | Active |
| Directions | 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 |
| City | Newport |
| Senior Community Y/N | No |
| Lot Size Units | Acres |
| Tax Annual Amount | 4301 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Tax Lot | PTTR1 |
Interior Features
| Total Fireplaces | 7 |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | Yes |
| Half Baths | 6 |
| Total Bedrooms | 41 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Agent Measured |
| Below Grade Finished Area Source | Agent Measured |
| Above Grade Finished Area Source | Agent Measured |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 34 |
Exterior Features
| Water Source | Well |
|---|---|
| Total Parking | 3 |
| Lot Size Area | 30 |
| Building Area Total | 22003 |
| Lot Size Acres | 30 |
| Lot Size Source | Assessor |
| Waterfront Y/N | Yes |
| Covered Spaces | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 37821
Price
Taxes
Year Built
Visits
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