OWNER FINANCING AVAILABLE. Welcome to your lakefront escape at 1220 Fishermans Way in Sevierville, Tennessee! Just in time for spring, the water is rising and this charming 1-bedroom, 1-bath cottage is perfectly nestled in a peaceful cove on beautiful Douglas Lake. This property offers the ideal blend of relaxation and investment opportunity. Previously a strong-performing short-term rental, it has also recently served as a long-term rental--giving you flexible income potential from day one. Inside, you'll find fresh updates including new flooring and paint throughout, along with a newer HVAC system for added comfort and efficiency. Step outside to a spacious deck overlooking the water, where you can take in serene lake and mountain views--perfect for morning coffee or evening relaxation. The oversized lot also features an RV hookup, offering additional space for guests or added income potential. NEWLY UPDATED ELECTRICAL AS OF APRIL 2026. Enjoy the benefits of lake living with access to a community-owned beach, boat access, and additional storage for all your lake toys. The shared septic system has been recently updated, providing peace of mind. Owner financing is available with very reasonable terms, making this a rare and accessible opportunity to own lakefront property in one of East Tennessee's most desirable areas. Don't miss this opportunity to own your slice of Douglas Lake--whether you're looking for a getaway, an investment, or both!