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New Construction by Smithbilt Homes featuring The Bainbridge Floor Plan. PRICE OF HOME INCLUDES A BOAT SLIP. Waterside Cove is a lakefront community located along the shores of Norris Lake in East Tennessee. The 45 acres that make up Waterside Cove are comprised of waterfront and water view lots gently sloping in to Norris Lake. Waterside Cove offers plenty of common area and green space for homeowners, their families, and friends to gather. Agent on Site.