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Improved Mixed-Use Land for Sale in Newport, Tennessee

430 Sugar Cove Way, Newport, TN 37821

$9,450,000
30 acres
Active sale
ago
Est $48,641/mo

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.

22,003
Sq feet
41
Beds
28
Full baths
6
1/2 baths
2019
Built

Location

Street address
430 Sugar Cove Way
Zip code
37821
Community
Sugar Cove
Elevation
1,077 feet
Coordinates
36, -83.2769

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 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.

Property details

Acreage
30 acres
MLS #
REALTRACS 3319735
Posted

Property taxes

Recent
$4,301

Parcels

  • 037 00103 000

Details and features

Listing

Type
Residential

Lot

Size Source
Assessor
View
Lake, Mountain(s)
Waterfront
Lake Front

Exterior

Parking Spaces
3

Structure

Water
Well
Sewer
Public Sewer

Interior

Fireplace Count
7

Property utilities

CategoryTypeStatus
SewageSewerConnected
WaterPrivate WellConnected

Listing history

DateEventPriceChangeSource
Aug 3, 2026New listing$9,450,000REALTRACS
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This 30-acre property is located at 430 Sugar Cove Way in Newport, TN 37821. The property is available for sale, priced at $9,450,000. It has a 22,003 square foot 41-bedroom, 31-bath house built in 2019.

Checked 1 hour agoUpdated

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Realtracs

Based on information submitted to the MLS GRID as of Aug 4, 2026 5:00 am MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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