Active
1940 Wears Valley Rd
Sevierville TN, 37862
$3,689,900
$348.83 per sqft
Active
7 Beds
16 Baths
10,578 sqft
Residential
Built in 1968
MOTIVATED SELLER!!! 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
April 4, 2024
Listed
December 20, 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, Microwave, Range, Refrigerator, Self Cleaning Oven, Smoke Detector, 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
Listing History
Date | Event | Price |
---|---|---|
11/12/2024 | Price change | $3,689,900 -1% |
8/19/2024 | Price change | $3,699,900 -18% |
4/26/2024 | Price change | $4,500,000 -10% |
Courtesy of Tennessee Elite Realty, Charity 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.
©2024 Knoxville Area Association of REALTORS. All rights reserved.
Data last updated 5:48 PM UTC, 12/20/2024