realty-smokies

1029 Street Of Dreams Rd, Gatlinburg, TN 37738

$1,250,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 3,840 Lot Size (sq. ft.): 21,344 Status: Closed
Current Price: $1,250,000 List Date: 4/04/2025 Last Modified: 7/08/2025

Overview

Description

No management restrictions, a gated community, and breathtaking mountain views make this 2020-built cabin a prime investment opportunity in the Great Smoky Mountains short-term rental market. This stunning property sleeps 14 guests and has consistently generated over $140,000 in annual revenue for the past two years under self-management. To further enhance its potential, the owners recently partnered with Avada, a top local management company, to maximize occupancy and revenue. Inside, the cabin features a large game room on the third floor with a pool table, air hockey, and an arcade. Three spacious bedrooms on this level each open onto a covered deck, offering guests incredible mountain views. The lower level boasts a full theater with theater seating and additional space to customize. Just steps from the theater room, guests can enjoy a private indoor pool, perfect for year-round use. Step out onto the deck and relax in the large hot tub while taking in the stunning natural surr ...

Listing Details MLS# 305774

General Property Information

Stories Total
3
Lot Size Acres
0.49
Living Area
3840
Above Grade Finished Area
2560
Below Grade Finished Area
1280
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Garage YN
No
Fireplace YN
Yes
Year Built
2020
Bonus Room YN
Yes
Number of Bonus Rooms
Yes
Bonus Room Type(s)
Game room
List Price/SqFt
338.28
Sold Price/SqFt
325.52
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Cabin Basement: Finished Construction Materials: Block; Frame Cooling: Central Air Documents: TN Confirmation of Agency; TN Prop Residential Condition Disc or Ex; TN Subsrfc Sewage Disp System Permit Fireplace Features: Electric Flooring: Hardwood; Tile Heating: Forced Air; Heat Pump Interior Features: Cathedral Ceiling(s); Kitchen Island; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Wooded Parking Features: Off Street Patio And Porch Features: Deck Pool Features: Indoor; Private Possession: Close Of Escrow Roof: Metal Sewer: Septic Tank Water Source: Public Showing Requirements: Call Listing Agent; See Remarks

Location Tax and Legal

Street Number
1029
Street Name
Street Of Dreams Rd
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Cabin
MLS Area Major
Gatlinburg
Subdivision Name
Other

Contract Information

Original List Price
1300000
Listing Contract Date
2025-04-04
Auction YN
No
Owner Name
Jessalyn Wanlim
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Association YN
Yes
Association Fee
300
Association Fee Frequency
Monthly
Association Name
Outback Downunder
Association Phone
NA
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
No management restrictions, a gated community, and breathtaking mountain views make this 2020-built cabin a prime investment opportunity in the Great Smoky Mountains short-term rental market. This stunning property sleeps 14 guests and has consistently generated over $140,000 in annual revenue for the past two years under self-management. To further enhance its potential, the owners recently partnered with Avada, a top local management company, to maximize occupancy and revenue. Inside, the cabin features a large game room on the third floor with a pool table, air hockey, and an arcade. Three spacious bedrooms on this level each open onto a covered deck, offering guests incredible mountain views. The lower level boasts a full theater with theater seating and additional space to customize. Just steps from the theater room, guests can enjoy a private indoor pool, perfect for year-round use. Step out onto the deck and relax in the large hot tub while taking in the stunning natural surroundings. This property is designed to offer an exceptional guest experience, making it an attractive option for short-term rental success. This turn-key cabin is ready to start generating income from day one after closing. Whether you are looking to self-manage or work with a management company, this investment offers complete flexibility with no restrictions. Some properties in this community have management limitations, but this one does not, making it a rare find for serious investors. Check out the full video walkthrough on YouTube by searching the property address and review the documents provided to confirm its unrestricted status. This is a true win-win for those looking to enter or expand in the Great Smoky Mountains Airbnb and short-term rental market.
Directions
From Pigeon Forge, head toward Gatlinburg on US 321/US441 (Parkway). Turn RIGHT onto Wiley Oakley Dr. Keep straight to get onto N Woodland Dr. Turn LEFT onto Street Of Dreams, cabin will be on your Left.

Status Change Information

Major Change Timestamp
2025-07-08T13:31:52Z
Major Change Type
Status Change
Price Change Timestamp
2025-05-17T01:13:44Z
Status Change Timestamp
2025-07-08
Purchase Contract Date
2025-06-14
Close Date
2025-06-27
Close Price
1250000
Buyer Financing
Cash
Concessions Comments
3,500
Anticipated Closing Date
2025-06-27

More Information

Fireplace Features

Fireplaces Total
Yes
Electric
Yes

Location, Tax, and Legal

New Construction YN
No
Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Sevier County
Parcel Number
116O C 010.00
Tax Lot
10
Tax Annual Amount
4135.71
Tax Year
2024

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes

Architectural Style

Cabin
Yes

Basement

Finished
Yes

Construction Materials

Block
Yes
Frame
Yes

Cooling

Central Air
Yes

Documents

TN Confirmation of Agency
Yes
TN Prop Residential Condition Disc or Ex
Yes
TN Subsrfc Sewage Disp System Permit
Yes

Flooring

Hardwood
Yes
Tile
Yes

Heating

Forced Air
Yes
Heat Pump
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Kitchen Island
Yes
Walk-In Closet(s)
Yes

Laundry Features

Electric Dryer Hookup
Yes

Levels

Three Or More
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Parking Features

Off Street
Yes

Patio And Porch Features

Deck
Yes

Pool Features

Indoor
Yes
Private
Yes

Possession

Close Of Escrow
Yes

Roof

Metal
Yes

Sewer

Septic Tank
Yes

Water Source

Public
Yes

Showing Requirements

Call Listing Agent
Yes
See Remarks
Yes
Listing Office: United Real Estate Solutions
Last Updated: July - 08 - 2025
Information deemed reliable but not guaranteed.