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430 Sugar Cove Way , Newport, TN 37821

$9,450,000
  • 430 Sugar Cove Way , Newport, TN 37821 Main Photo

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Active
BEDS41 BATHS28 full 6 partial SQUARE FEET22,003 MLS#3264195
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSugar Cove

Property Description

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.

430 Sugar Cove Way | MLS# 3264195

This single family home located at 430 Sugar Cove Way , Newport, TN 37821 is currently listed for sale with an asking price of $9,450,000. This property was built in 2019 and has 41 bedrooms and 28 full and 6 partial baths with 22003 sq. ft. Sugar Cove Way is located in the Sugar Cove subdivision. Search Sugar Cove real estate on www.barbarabellrealtor.com today.

Property Features

Property Type: Residential - Single Family
Fireplaces: 7
Garage: 3
Lot Size: 30.00 Acres
Stories: 3.0
Taxes: $4,300
Year Built: 2019

Feature Descriptions

Days on Site: 19
Parcel#: 037 00103 000
Sewer: Public Sewer
Water: Well
Water Features: Lake Front

Listed By / Shown By

Listed By

Agency Name: REMAX Preferred Pigeon Forge
Agency Phone: 8654010618

Shown By

Agent Name: Barbara Bell
Agent Phone: (615) 948-9366
Agency Title: Crye-Leike Real Estate Services

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Source: Nashville MLS

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Estimated Payment

$ 24,146.19 per month $21,031.60 Principal & Interest $358.33 Property Tax $2,756.25 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/28/2026. The listing information on this page last changed on 07/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 07/28/2026 10:01:39 AM EST) or RealTracs (last updated Tue 07/28/2026 6:20:43 AM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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