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1236 Bird Nest Way , "Splash Mountai

Sevierville, TN 37862
  • $1,295,000
  • STATUS: Active Under Contract
  • ON SITE: 32 Days
  • ID#: 246487
Under Contract
UPDATED: 18 min ago
$1,295,000
  • 4
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,688
    SQFT
  • $482
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2017
County:
Area:

School Ratings & Info

Listing courtesy of Smoky Mountain Real Estate Corporation.


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.

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Copyright 2022 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2022-01-16T22:15:31.42.
www.smokylistings.com/homes/124021338
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1236 Bird Nest Way , "Splash Mountai Sevierville, TN 37862

  • Price: $1,295,000
  • Status: Active Under Contract
  • On Site: 32 Days
  • Updated: 18 min ago
  • ID#: 246487
4
Beds
4
Baths
0
½ Baths
N/A
Acres
2,688
SQFT
$482
$/SQFT
2017
Built
Neighborhood:
Black Bear Ridge
County:
Sevier
Area:
Pigeon Forge
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.
Exterior Features

Access Private RoadPaved Construction Wood SidingLogLog Siding Exterior Features Double Pane WindowsGuttersSurfaced Drive Garage Capacity 0.00 Garage Type None Roof Composition Style CabinLog

Interior Features

Appliances DryerMicrowaveElectric RangeProjection TvSmoke DetectorDishwasherRefrigeratorWasher Bonus Rooms No Cooling ElectricHeat Pump Fireplace ElectricOne Heating Heat PumpElectric Interior Features FurnitureInside/Inground PoolWood FloorsCathedral Ceiling(S)Large Master BedroomW/D ConnectionCeiling Fan(S)High Speed InternetPrivate PoolWindow Treatment Sq Ft Above Grade 1792 Sq Ft Finished Basement 896 Sq Ft Unfinished Basement 0 Stories Three Or More

Property Features

Annual Tax 1797.69 Construction Type Site Built District 16 Hoa Fees 390.00 Hoa Fees Payment Frequency Quarterly Hoa Includes Roads Hoa Name Black Bear Ridge Hoa Hoa Type Mandatory Hoa YN Yes Lot Block Unit 54R-1 Miscellaneous Hot TubPlanned Unit DevelopmentSeasonal ViewBroadband Internet AvailableCable TvMountain View Occupancy Either Owner Financing No Proposed Financing CashConventional1031 Exchange Rental Off SiteRental History Residential Type Single Family Restrictive Covenants Yes Sewer Community System Tax Year 2019 Water Utility Zoning R-1 Zoning Entity Sevier County

Copyright 2022 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Smoky Mountain Real Estate Corporation | Office Phone: 8652778115 .

Copyright 2022 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2022-01-16T22:15:31.42.
 
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Colonial Real Estate
Colonial Real Estate INC 1380 Dolly Parton Parkway
Sevierville, TN, 37862
Listing courtesy of Smoky Mountain Real Estate Corporation.