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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Listed by John Scott • REMAX Preferred Pigeon Forge
$9,450,000
Est. payment /mo
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41 Beds
34 Baths
22,003 SqFt
New

430 Sugar Cove Way Newport, TN 37821

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MK Hughes

MK Hughes

+1(615) 788-1932

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 3632289

Bedrooms 41

Full Baths 34

HOA Y/N No

Year Built 2019

Annual Tax Amount $4,301

Lot Size 30.000 Acres

Acres 30.0

Property Sub-Type Single Family Residence

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

Rooms

Main Level Bedrooms 41

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Bamboo, Wood, Luxury Vinyl, Tile

Fireplace N

Appliance Built-In Electric Oven, Built-In Gas Oven, Built-In Electric Range, Cooktop, Dishwasher, Dryer, Freezer, Microwave, Refrigerator, Washer

Exterior

Garage Spaces 3.0

View Y/N false

Private Pool false

Building

Story 3

Sewer Public Sewer

Water Well

Structure Type Frame,Log,Other,Stone

New Construction false

Schools

Elementary Schools Edgemont Elementary

Middle Schools Edgemont Elementary

High Schools Cocke Co High School

Others

Senior Community false

Special Listing Condition Standard

RealTracs IDX
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To say MK went above and beyond is a understatement. We drove over 300 miles in the only 2 days we had to look for homes. When a seller failed to disclose extremely important information until 2days prior to closing she fought for me. To say that she was relentless in searching, again is a understatement. Words cannot express how grateful I am to her and the team that backs her behind the scenes. There isn’t a high enough star rating to give MK and her team, we were beyond blessed to have her work/fight for us.

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MK Hughes

MK Hughes

Agent License ID: 341737

+1(615) 788-1932

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430 Sugar Cove Way