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1236 Bird Nest WAY Sevierville, TN 37862
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Key Details
Sold Price $1,348,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $501
Subdivision Black Bear Ridge
MLS Listing ID 246487
Sold Date 02/24/22
Style Cabin,Log
Bedrooms 4
Full Baths 4
HOA Fees $130/qua
HOA Y/N Yes
Abv Grd Liv Area 1,792
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2017
Annual Tax Amount $1,797
Tax Year 2019
Property Description
What an incredible opportunity to purchase a prolific rental cabin in the Smoky Mountains! "Splash Mountain Lodge" checks all the boxes for a successful short term rental - indoor pool, mountain view, theater, and convenient location. The rental income for this 4 bedroom cabin is as jaw dropping as the mountain view. In 2021, the cabin has bookings of $172,601 (277 nights booked), which is strictly rental revenue and does not include cleaning fees, taxes, or any other fees. It fared very well in 2020 as well producing $154,671 in rental income. The cabin really excels from a few unique and rare aspects including a screened porch serving as an outdoor game area, indoor pool with massive theater screen, and of course the mountain view quintessential to the Smokies. This "recipe for success" is located in Black Bear Ridge Resort which is convenient to Pigeon Forge and offers several different access points from back roads if tourism traffic happens to be heavy. The cabin was completed in 2017 and includes four bedrooms (one with queen over queen bunks and three with king sized bed) and four baths. Three levels of decks enable one to take in the mountain views from a variety of perspectives. The GRM (Gross Rental Multiplier) of 7.50 (at listing price) is far better than the vast majority of cabins listed in our market, creating a wonderful investment opportunity for a buyer.
Location
State TN
County Sevier
Zoning R-1
Direction From the Parkway in Pigeon Forge, turn onto US Hwy. 321/Wears Valley Rd. Continue 2.9 miles, then turn left onto Lost Branch Rd. In 1.4 miles, turn RIGHT onto Black Bear Cub Way. Follow Black Bear Way and turn right onto Autumn Path Way. Follow a short distance and turn left onto Bird Nest Way. Follow to the cabin on the left at 1236 Bird Nest Way. The cabin name is \"Splash Mountain Lodge\". Several alternate routes available depending on traffic such as Pine Mountain, Mill Creek, etc.
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet, Other
Heating Electric, Heat Pump
Cooling Electric, Heat Pump
Flooring Wood
Fireplaces Number 1
Fireplaces Type Electric
Fireplace Yes
Window Features Double Pane Windows,Window Treatments
Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Garage Driveway, Paved
Pool Hot Tub, In Ground
Utilities Available Cable Available
Waterfront No
View Y/N Yes
View Mountain(s), Seasonal
Roof Type Composition
Street Surface Paved
Porch Covered, Deck, Porch, Screened
Road Frontage Private Road
Parking Type Driveway, Paved
Garage No
Building
Sewer Shared Septic
Water Public
Architectural Style Cabin, Log
Structure Type Log,Log Siding,Wood Siding
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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