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787 Mountain Stream WAY Gatlinburg, TN 37738
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Key Details
Sold Price $1,600,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,888 sqft
Price per Sqft $327
Subdivision Gatlinburg Falls
MLS Listing ID 230580
Sold Date 07/06/21
Style Cabin
Bedrooms 9
Full Baths 7
Half Baths 2
HOA Fees $284/mo
HOA Y/N Yes
Abv Grd Liv Area 4,888
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2018
Annual Tax Amount $3,074
Tax Year 2019
Property Description
Newly built in 2017, this property is located at the top of Gatlinburg Falls Hidden Valley Resort, just one mile from the Gatlinburg Parkway. This 9 bedroom rental earned $185,000 in revenue in 2019 and is projected to earn $200,000 in 2020. This cabin can comfortably accommodate 32 guests and features plenty of amenities to keep everyone entertained, and the resort outdoor offers pool access. The property is being sold fully furnished and ready to rent. Due to the high number of pre-booked reservations, this property is required to remain on Venture Resorts rental program for 6 months after closing. Property buyers will receive income from every reservation checking in after closing is complete.
Location
State TN
County Sevier
Zoning R-1
Direction From Gatlinburg Parkway, start out going north on Ridge Rd toward Oak Ridge Rd. Then 0.04 miles Take the 1st left to stay on Ridge Rd. If you are on Ridge Rd and reach Old Ridge Rd you've gone about 0.1 miles too far Then 0.42 miles Turn right onto Kings Ridge Rd. Kings Ridge Rd is just past Brien Cir If you are on Dudley Creek Rd and reach Kristis Pl you've gone about 0.2 miles too far Then 0.06 miles Take the 1st right onto Hidden Valley Rd. If you reach Red Oak Hts you've gone a little too far Then 0.11 miles 653 Hidden Valley Rd, Gatlinburg, TN 37738-5245, 653 HIDDEN VALLEY RD is on the left. After left turn, follow road to Y split. Keep left and follow road to the top of the mountain to Lot #9
Exterior
Waterfront No
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Cabin
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