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Lot 165 Reedmont WAY Sevierville, TN 37876
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Key Details
Sold Price $135,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision The Lodges At Reedmont
MLS Listing ID 256403
Sold Date 05/31/23
HOA Fees $200/mo
HOA Y/N Yes
Originating Board Great Smoky Mountains Association of REALTORS®
Annual Tax Amount $368
Tax Year 2022
Lot Size 2,613 Sqft
Acres 0.06
Property Description
Looking for an investment opportunity with potential for significant tax benefits? Look no further than this lot in The Lodges at Reedmont, a premier short-term rental and opportunity zone development! This premier short-term rental development offers easy access with city utilities and no steep roads, making it the perfect location for a short-term rental. The lot can accommodate a 3-5 bedroom cabin with views of either Bluff Mountain, Hwy 66 or the Catlettsburg area. Located less than 5 minutes from Soaky Mountain Water Park and the Sevierville Convention Center, and only 15 minutes to Pigeon Forge, The Lodges at Reedmont offer an unbeatable location! And, as an opportunity zone development, investors have the potential to enjoy significant tax benefits, including tax deferrals on capital gains and potential tax-free appreciation on investments held for 10 years or more. Don't miss out on this rare investment opportunity in a prime location! [Drone photography used]
Location
State TN
County Sevier
Zoning R-1
Direction From Hwy 66 in Sevierville, turn onto Gists Creek Rd. towards Soaky Mountain Waterpark and continue for 1.2 miles. Turn right onto Reed Schoolhouse Rd. In .3 miles, the entrance will be on your right.
Exterior
Utilities Available Sewer Available
Waterfront No
View Seasonal
Street Surface Paved
Building
Lot Description Sloped, Wooded
Water Public
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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