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4446 Shangrila WAY Sevierville, TN 37876
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Key Details
Sold Price $1,125,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,914 sqft
Price per Sqft $386
Subdivision Mountain Shangrila
MLS Listing ID 268613
Sold Date 04/15/24
Style Cabin,Chalet,Contemporary,Craftsman
Bedrooms 4
Full Baths 4
Half Baths 1
HOA Fees $100/mo
HOA Y/N Yes
Abv Grd Liv Area 2,022
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2022
Annual Tax Amount $2,178
Tax Year 2022
Lot Size 435 Sqft
Acres 0.01
Property Description
“Rooftop RendezView” presents an incredible opportunity to purchase a recently built mountain view rental cabin with the best location between Pigeon Forge and Gatlinburg (only a 2 – 3 mile drive to both!) with no crazy steep roads on the one-mile route to/from the Parkway. From the spacious distinctive rooftop deck, see magnificent views of the Smoky Mountains from this large 3 story cabin. This is no cookie-cutter square cabin as it was built in the popular mountain modern style with amenities that make this cabin stand out from the rest, including a private theater room with tiered plush theater-style seating for 8 and huge 85-inch Sony 4K TV; a game room with a pool table, air hockey, and Multicade with many classic games; unique modern linear gas fireplace; flat parking for 4 vehicles; EV charger; fast Wifi; relaxing large hot tub; and a rooftop deck with a 81” long resort-style gas firepit table with enough seating options for 12 guests. Dream kitchen with stainless steel appliances, granite countertops, massive island with seating and long dining table. Rooftop RendezView has enough room for multiple families in the cabin's four bedrooms (three kings and one queen), each having a dedicated full ensuite bathroom and flat screen TV. Two of the bedrooms have additional sleeping options to get the sleeping occupancy up to 12 - a full size pullout sofa in the main floor bedroom and a twin daybed with a twin trundle in the upper floor bedroom. The current meticulous housekeeping and maintenance crews can continue maintaining the cabin and the Superhost owner is willing to transfer reservations and her knowledge to the lucky new owners so the cabin is ready for rental on day 1 of ownership. The rental income is excellent with rental revenues of $237K since it was officially launched in mid-April 2022 through January 2024 ($208K excluding cleaning fee revenue). 2023 rental revenues did not disappoint with $127K ($111K excluding cleaning fee revenue) since 2023 was considered a down year after the Covid boom. Current owners are selling the cabin to invest the proceeds in building a large cabin on a lot they have already purchased. This cabin checks all of the boxes for a productive cabin investment in our area including a convenient location, no steep roads, mountain view, distinctive amenities, recent (2022) high end quality construction, and an outstanding rental performer with a guest favorite designation on Airbnb and a perfect 5 stars from all 21 Airbnb guest reviews.
Location
State TN
County Sevier
Zoning R-1
Direction From HWY 441 (SPUR) take Gnatty branch road. In one mile turn left into Mountain Shangri-La. in .2 cabin will be on your right.
Rooms
Basement Basement, Finished
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s), Great Room, High Speed Internet, Solid Surface Counters
Heating Heat Pump
Cooling Central Air, Electric
Fireplaces Type Electric
Fireplace Yes
Window Features 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
Waterfront No
View Y/N Yes
View Mountain(s)
Street Surface Paved
Porch Deck
Parking Type Driveway, Paved
Building
Lot Description Private
Sewer Shared Septic
Water Shared Well
Architectural Style Cabin, Chalet, Contemporary, Craftsman
Structure Type Frame
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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