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304 Carly Way , "Take My Breath

Gatlinburg, TN 37738
  • $899,900
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 251339
UPDATED: 22 min ago
$899,900
  • 2
    BEDS
  • 1.78
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,880
    SQFT
  • $312
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1996
County:
Area:

School Ratings & Info

Listing courtesy of Smoky Mountain Real Estate Corporation.


Description

What an absolutely incredible opportunity to purchase a cabin on 1.78 acres with a magnificent view just outside of Gatlinburg producing astronomical rental income figures. The property, aptly named "Take My Breath Away" grossed an amazing $104,154 in 2021 and $88,704 in 2020. These figures do NOT include taxes or cleaning fees, strictly the rental rate revenue generated by the cabin. It's able to produce such magnificent numbers for numerous reasons including the panoramic mountain view looking largely into the undisturbed wilderness of the Smoky Mountains National Park where your view won't be cluttered with other cabins in the future. The view is something to behold and is really accentuated from the massive covered porch of the cabin and the large window wall looking out to the panoramic view. The view is only the beginning of the stellar qualities of this property. The deck is very generously sized with ample space for the outdoor dining, grilling, and much more. Inside you'll see a cabin that has been meticulously updated with the finest features including a luxury theater room, completely remodeled baths with top notch walk in showers, high end vanities, high end furniture throughout, custom pool table, wet bar, strategically placed windows to capture the mountain views, an all wood interior (no sheetrock, and the list goes on and on. The property combines the rare quality (that creates a unique and top producing short term rental) of an excellent panoramic view with privacy & acreage (1.78 acres) to go along with easy access close to Gatlinburg and not far at all off a major road (321). It's the rare unicorn that manages a mountain view without having to travel miles off the main road to get to it - and even has privacy! Throw in the magnificent existing rental history and its a recipe for success as a short term rental cabin. At listing price it's an 8.64 GRM, well below the 10x gross norm for the area. It is one of the larger 2 bedroom cabins you'll see at 2,880 square feet of quality.

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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 2022-07-04T19:15:31.767.
www.smokylistings.com/homes/130060407
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304 Carly Way , "Take My Breath Gatlinburg, TN 37738

  • Price: $899,900
  • Status: Active
  • On Site: 13 Days
  • Updated: 22 min ago
  • ID#: 251339
2
Beds
2
Baths
0
½ Baths
1.78
Acres
2,880
SQFT
$312
$/SQFT
1996
Built
Neighborhood:
Laurel Highlands
County:
Sevier
Area:
Gatlinburg
Property Description
What an absolutely incredible opportunity to purchase a cabin on 1.78 acres with a magnificent view just outside of Gatlinburg producing astronomical rental income figures. The property, aptly named "Take My Breath Away" grossed an amazing $104,154 in 2021 and $88,704 in 2020. These figures do NOT include taxes or cleaning fees, strictly the rental rate revenue generated by the cabin. It's able to produce such magnificent numbers for numerous reasons including the panoramic mountain view looking largely into the undisturbed wilderness of the Smoky Mountains National Park where your view won't be cluttered with other cabins in the future. The view is something to behold and is really accentuated from the massive covered porch of the cabin and the large window wall looking out to the panoramic view. The view is only the beginning of the stellar qualities of this property. The deck is very generously sized with ample space for the outdoor dining, grilling, and much more. Inside you'll see a cabin that has been meticulously updated with the finest features including a luxury theater room, completely remodeled baths with top notch walk in showers, high end vanities, high end furniture throughout, custom pool table, wet bar, strategically placed windows to capture the mountain views, an all wood interior (no sheetrock, and the list goes on and on. The property combines the rare quality (that creates a unique and top producing short term rental) of an excellent panoramic view with privacy & acreage (1.78 acres) to go along with easy access close to Gatlinburg and not far at all off a major road (321). It's the rare unicorn that manages a mountain view without having to travel miles off the main road to get to it - and even has privacy! Throw in the magnificent existing rental history and its a recipe for success as a short term rental cabin. At listing price it's an 8.64 GRM, well below the 10x gross norm for the area. It is one of the larger 2 bedroom cabins you'll see at 2,880 square feet of quality.
Exterior Features

Access Private DrivePaved Construction Wood SidingLogLog Siding Exterior Features Double Pane WindowsPrivate YardWooded Foundation BasementSlab Garage Capacity 0.00 Garage Type None Style CabinLog

Interior Features

Appliances DryerWasherMicrowaveElectric RangeDishwasherRefrigerator Basement Walk-Out AccessFinishedFull Bonus Rooms No Cooling Central AirElectricHeat Pump Fireplace Electric Heating Heat PumpElectric Interior Features FurnitureRecreation RoomWood FloorsLarge Master BedroomW/D ConnectionCeiling Fan(S)Great RoomWet BarWhirlpoolWindow Treatment Sq Ft Above Grade 1920 Sq Ft Finished Basement 960 Sq Ft Unfinished Basement 0

Property Features

Annual Tax 1517.00 Construction Type Site Built District 17 Hoa Fees 600.00 Hoa Fees Payment Frequency Annually Hoa Includes RoadsOther Hoa Name James Hover - Laurel Highlands Hoa Hoa Type Mandatory Hoa YN Yes Lot Block Unit 16 Miscellaneous Hot TubSeasonal ViewPrivateMountain View Occupancy Either Owner Financing No Proposed Financing CashConventional1031 Exchange Rental Off SiteRental History Residential Type Single Family Restrictive Covenants Yes Sewer Septic System Tax Year 2021 Water Well 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 2022-07-04T19:15:31.767.
 
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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.