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1940 Wears Valley Road

Sevierville, TN 37862
  • $4,500,000
  • STATUS: Active
  • ON SITE: 163 Days
  • ID#: 267543
$4,500,000
  • 7
    BEDS
  • 20.6
    ACRES
  • 13
    BATHS
  • 3
    1/2 BATHS
  • 10,578
    SQFT
  • $425
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1968
County:
Area:

School Ratings & Info

Listing courtesy of Tennessee Elite Realty.


Description

PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS RANGING BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR. CHECK OUT THE VIRTUAL TOUR OF THE PROPERTY!!

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Copyright 2024 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 2024-05-18T00:17:04.967.
www.smokylistings.com/homes/145848514
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1940 Wears Valley Road Sevierville, TN 37862

  • Price: $4,500,000
  • Status: Active
  • On Site: 163 Days
  • ID#: 267543
7
Beds
13
Baths
3
½ Baths
20.6
Acres
10,578
SQFT
$425
$/SQFT
1968
Built
Neighborhood:
Other
County:
Sevier
Area:
Sevierville
Property Description
PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS RANGING BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR. CHECK OUT THE VIRTUAL TOUR OF THE PROPERTY!!
Exterior Features

Architectural Style CabinLog Attached Garage YN No Construction Materials FrameLog SidingWood Siding Garage YN No Lot Features PrivateWooded Parking Features DrivewayPavedPrivate Patio And Porch Features CoveredDeckPorch Pool Features Hot Tub Road Surface Type GravelPaved Roof CompositionMetal View Seasonal

Interior Features

Above Grade Finished Area 10578 Appliances DishwasherDryerElectric RangeMicrowaveRefrigeratorSelf Cleaning OvenWasher Attic Features None Yes Basement BasementFinishedWalk-Out Access Below Grade Finished Area 0 Cooling Central AirHeat Pump Cooling YN Yes Flooring Wood Furnished Furnished Heating CentralHeat Pump Heating YN Yes Interior Features Cathedral Ceiling(s)Ceiling Fan(s)Great RoomSolid Surface Counters Laundry Features Electric Dryer HookupWasher Hookup Levels Two

Property Features

Accessory Dwelling Unit YN No Association YN No Construction Type Site Built Home Warranty YN No Listing Terms CashConventional Occupancy Either Possession Close Of Escrow Property Sub Type Single Family Residence Rental History Yes Restrictive Covenants YN No Rooms Total 0 Security Features Smoke Detector(s) Sewer Septic Tank Tax Annual Amount 5166.68 Tax Year 2022 Water Source Well Zoning R-1 Zoning Entity Sevier County

Copyright 2024 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Tennessee Elite Realty | Office Phone: 865-280-4922 .

Copyright 2024 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 2024-05-18T00:17:04.967.
 
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Colonial Real Estate
1380 Dolly Parton Parkway
Sevierville TN, 37862
Listing courtesy of Tennessee Elite Realty.