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Nic Nicaud

[email protected] +1(865) 205-4208

Listed by Charity Brown • Tennessee Elite Realty

$ 3,689,900

Est. payment -/mo

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Active

1940 Wears Valley RD Sevierville, TN 37862

7 Beds

16 Baths

10,578 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 10,578 sqft

Price per Sqft $348

MLS Listing ID 305235

Style Cabin,Chalet,Log

Bedrooms 7

Full Baths 13

Half Baths 3

HOA Y/N No

Abv Grd Liv Area 10,578

Year Built 1968

Annual Tax Amount $7,894

Tax Year 2024

Lot Size 20.600 Acres

Acres 20.6

Property Sub-Type Single Family Residence

Source Great Smoky Mountains Association of REALTORS®

Property Description

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!***

Location

State TN

County Sevier

Zoning R1

Direction Take Hwy 66 towards Pigeon Forge Take a Right on to Wears Valley Road property on R. See sign.

Rooms

Basement Finished, Walk-Out Access

Interior

Interior Features Cathedral Ceiling(s), Kitchen/Dining Combo, Living/Dining Combo

Heating Central, Heat Pump

Cooling Central Air

Flooring Carpet, Hardwood, Tile

Fireplaces Number 1

Fireplaces Type Other

Fireplace Yes

Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer

Exterior

Parking Features Main Level Garage

Garage Spaces 1.0

Utilities Available Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available

Porch Covered, Deck, Porch

Garage Yes

Building

Story 2

Sewer Septic Tank

Water Well

Architectural Style Cabin, Chalet, Log

Structure Type Frame,Log

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://tour.usamls.net/1940-Wears-Valley-Rd-Sevierville-T

Nic Nicaud

Broker | License ID: 302707

+1(865) 205-4208

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Knoxville, TN

Nic Nicaud

1940 Wears Valley RD Sevierville, TN 37862

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1940 Wears Valley RD