Active

1940 Wears Valley Rd

Sevierville TN, 37862

$4,500,000


$425.41 per sqft

Active

7 Beds

16 Baths

10,578 sqft

Residential

Built in 1968

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 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 VIDEO TOUR TO SEE THE PROPERTY BY DRONE!***

1258187

MLS ID

December 6, 2023

Listed

May 9, 2024

Updated

Map

1940 Wears Valley Rd
Sevierville TN, 37862

Interior Features

Bedrooms

7


Total Bathrooms

16


Full Bathrooms

13


Half Bathrooms

3


Interior Features

Cathedral Ceiling(s), Pantry, Eat-in Kitchen


Appliances

Dishwasher, Dryer, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave, Washer


Floor Description

Carpet, Hardwood, Tile


Fireplace

Yes


Fireplace Description

Other


Cooling

Yes


Cooling Description

Central Cooling, Wall Cooling, Ceiling Fan(s)


Heating

Yes


Heating Description

Central, Heat Pump, Propane, Electric

Exterior/Building Features

Lot Size

20.6 Acres


Exterior Features

Porch - Covered, Deck


Lot Features

River, Private, Wooded


Architectual Style

Cabin, Log, Chalet


Sewer

Septic Tank

Other Property Details

Area Name

Sevier County - 27


Garage

No


Parking

Main Level


View

Yes


View Description

Country Setting, Wooded


County

Sevier County - 27


Water Source

Well


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/26/2024

Price Change

$4,500,000

-10%

 

Courtesy of Tennessee Elite Realty, Charity Ann Brown

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Rob Dansereau shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 12:44 PM UTC, 5/9/2024

 

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