realty-smokies

1115/1131 Old Cartertown Road Road, Gatlinburg, TN 37738

$1,954,850
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 5,012 Lot Size (sq. ft.): 91,040 Status: Active
Current Price: $1,954,850 List Date: 2/16/2026 Last Modified: 2/19/2026

Overview

Description

$202,000 IN GROSS RENTAL INCOME FOR 2025 COMBINED ! Bourbon Hollow Estate - Dual Cabin STR Retreat on 2.09 Private Acres | Gatlinburg, TN Gatlinburg, TN | 2 Homes | 4 Bedrooms + 2 bonus rooms | 4 Bathrooms | +/-5,000 Combined Sq Ft | 3 Acres | Turnkey Investment | Welcome to Bourbon Hollow Estate, a rare opportunity to own not one, but two fully furnished, high-performing short-term rentals on nearly 2.09 acres of secluded Smoky Mountain land — just minutes from the heart of Gatlinburg and Pigeon Forge. Offered individually or as a package, these neighboring properties provide a versatile retreat compound with flexible sleeping setups, private outdoor amenities, and the ability to accommodate romantic getaways, large family reunions, or multi-family travel — all with unmatched privacy and STR performance. ________________________________________ Property #1: Bourbon Hollow Lodge • 3BR + 3 bonus rooms | 3BA | 4,112 Sq Ft | 1.08 Acres • Fully fenced pool + hot tub area with heater • Detached game room w/ 2 arcades, pool table, air hockey • Basketball court + play swing set • 3-car covered carport + ample parking • New paint and luxury vinyl flooring throughout (2022) • 2 gas fireplaces + 1 electric insert in bedroom w/ pool deck access • Open-concept kitchen, living, and dining areas with large windows overlooking the hollow • Split floor plan for privacy between guest rooms • Opportunity to expand sleeping count by adding sprinkler system • STR-ready and consistently booked by large groups ________________________________________ Property #2: Boozy Bear Bungalow • 1BR | 1BA | +/- 900 Sq Ft | 1.01 Acres • Fully rebuilt in 2022 from the log frame up • All new systems: HVAC, windows, appliances, flooring, roof • Romantic interior w/ clawfoot tub, gas fireplace, retro kitchen • Private hot tub, fire pit w/ retaining wall, covered porch w/ Edison lights • Pet-friendly and ideal for couples, honeymoons, or overflow guests • Proven STR performers with 80%+ occupancy over multiple years • Bonus Opportunity: Bourbon Hollow Estate is available for purchase in conjunction with the adjacent 5-acre plot, providing an opportunity for further development, investment, or enhanced privacy. The potential for this property is limitless. For additional details, please refer to lots 1, 4-7 Old Cartertown Rd, Gatlinburg, TN, 37738. • ________________________________________ Investment Snapshot: • Combined acreage: ~2.09 acres with no visible neighbors • Proven rental performance with repeat guests and strong reviews • Pet-friendly policies, family-focused amenities, and diverse guest appeal • Fully furnished and turnkey-ready for income on day one • Private setting with room for expansion or retreat hosting • Ideal location: 5 mins to Gatlinburg, 10 mins to Pigeon Forge, near Great Smoky Mountains National Park ________________________________________ Whether you're dreaming of a personal mountain escape with room for guests or want to scale your STR portfolio with a ready-made dual-property estate, Bourbon Hollow delivers unmatched flexibility, privacy, and earning potential. Now showing by appointment only. Properties also offered individually — inquire for pricing breakdowns and income history.

Listing Details MLS# 306368

General Property Information

Stories Total
Yes
Lot Size Acres
2.09
Living Area
5012
Above Grade Finished Area
5012
Bedrooms Total
4
Bathrooms Total
4
Bathrooms Full
4
Garage YN
No
Garage Spaces
7
Carport Spaces
3
Fireplace YN
Yes
Year Built
1968
Bonus Room YN
Yes
Number of Bonus Rooms
3
Bonus Room Type(s)
Bonus and game room. This sale is combined with two properties
Sign On Property YN
Yes
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
390.03
Below Grade Finished Area
0
Bathrooms Half
0

Property Features

Appliances: Dishwasher; Disposal; Double Oven; Dryer; Electric Cooktop; Electric Range; Electric Water Heater; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Trash Compactor; Washer; Other Architectural Style: Cabin; Chalet; Contemporary; Cottage; Log; Traditional; Other Construction Materials: Block; Brick; Log; Log Siding; Stone; Other Cooling: Central Air; Electric Current Use: Investment; Single Family; Other Documents: Lead Based Paint Disclosure; TN Confirmation of Agency; TN Prop Residential Condition Disc or Ex; TN Subsrfc Sewage Disp System Permit Documents Available: Septic Inspection; Septic Permit; Survey Exterior Features: Rain Gutters; Storage; Other Fencing: Partial Fireplace Features: Electric; Gas Log Flooring: Hardwood; Laminate; Tile; Wood Heating: Central; Electric; Heat Pump Interior Features: Additional Living Quarters; Breakfast Bar; Cathedral Ceiling(s); Ceiling Fan(s); Eat-in Kitchen; Formal Dining; Granite Counters; Great Room; High Speed Internet; Kitchen Island; Kitchen/Dining Combo; Living/Dining Combo; Pantry; Soaking Tub; Storage; Walk-In Closet(s); Walk-In Shower(s); Wet Bar; Other Laundry Features: Laundry Closet Levels: One Listing Terms: 1031 Exchange; Cash; Conventional Lock Box Information: Combo Lot Features: Back Yard; Corner Lot; Corners Marked; Front Yard; Irregular Lot; Landscaped; Sloped; Subdivided; Views; Wooded; Other; See Remarks Other Equipment: Fuel Tank(s) Other Structures: Gazebo; Outbuilding; Storage; Other; See Remarks Parking Features: Additional Parking; Asphalt; Attached Carport; Driveway; On Site; Other Patio And Porch Features: Covered; Deck; Patio; Porch; Other Pets Allowed: Yes Pool Features: Cabana; Electric Heat; Fenced; Heated; Outdoor Pool; Private; See Remarks Possession: Close Of Escrow Property Condition: Updated/Remodeled Road Frontage Type: City Street; Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Composition Security Features: Security System; Smoke Detector(s) Sewer: Septic Tank Utilities: Cable Connected; Electricity Connected; High Speed Internet Connected; Internet Connected; Water Connected; Other Water Source: Public Showing Considerations: See Remarks Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
1115/1131
Street Name
Old Cartertown Road
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Cabin
MLS Area Major
Gatlinburg
Subdivision Name
Other

Contract Information

Original List Price
1995000
Sold Before Listed
No
Listing Contract Date
2025-05-08
Auction YN
No
Owner Name
M&M Investments Acquisitions L
Listing Agreement
Exclusive Agency
Occupancy
Either
Rental History Gross Amount 1
197360
Rental History Year 1
2024
Rental History Gross Amount 2
252437
Rental History Year 2
2023
Association YN
No

Remarks and Miscellaneous

Public Remarks
$202,000 IN GROSS RENTAL INCOME FOR 2025 COMBINED ! Bourbon Hollow Estate - Dual Cabin STR Retreat on 2.09 Private Acres | Gatlinburg, TN Gatlinburg, TN | 2 Homes | 4 Bedrooms + 2 bonus rooms | 4 Bathrooms | +/-5,000 Combined Sq Ft | 3 Acres | Turnkey Investment | Welcome to Bourbon Hollow Estate, a rare opportunity to own not one, but two fully furnished, high-performing short-term rentals on nearly 2.09 acres of secluded Smoky Mountain land — just minutes from the heart of Gatlinburg and Pigeon Forge. Offered individually or as a package, these neighboring properties provide a versatile retreat compound with flexible sleeping setups, private outdoor amenities, and the ability to accommodate romantic getaways, large family reunions, or multi-family travel — all with unmatched privacy and STR performance. ________________________________________ Property #1: Bourbon Hollow Lodge • 3BR + 3 bonus rooms | 3BA | 4,112 Sq Ft | 1.08 Acres • Fully fenced pool + hot tub area with heater • Detached game room w/ 2 arcades, pool table, air hockey • Basketball court + play swing set • 3-car covered carport + ample parking • New paint and luxury vinyl flooring throughout (2022) • 2 gas fireplaces + 1 electric insert in bedroom w/ pool deck access • Open-concept kitchen, living, and dining areas with large windows overlooking the hollow • Split floor plan for privacy between guest rooms • Opportunity to expand sleeping count by adding sprinkler system • STR-ready and consistently booked by large groups ________________________________________ Property #2: Boozy Bear Bungalow • 1BR | 1BA | +/- 900 Sq Ft | 1.01 Acres • Fully rebuilt in 2022 from the log frame up • All new systems: HVAC, windows, appliances, flooring, roof • Romantic interior w/ clawfoot tub, gas fireplace, retro kitchen • Private hot tub, fire pit w/ retaining wall, covered porch w/ Edison lights • Pet-friendly and ideal for couples, honeymoons, or overflow guests • Proven STR performers with 80%+ occupancy over multiple years • Bonus Opportunity: Bourbon Hollow Estate is available for purchase in conjunction with the adjacent 5-acre plot, providing an opportunity for further development, investment, or enhanced privacy. The potential for this property is limitless. For additional details, please refer to lots 1, 4-7 Old Cartertown Rd, Gatlinburg, TN, 37738. • ________________________________________ Investment Snapshot: • Combined acreage: ~2.09 acres with no visible neighbors • Proven rental performance with repeat guests and strong reviews • Pet-friendly policies, family-focused amenities, and diverse guest appeal • Fully furnished and turnkey-ready for income on day one • Private setting with room for expansion or retreat hosting • Ideal location: 5 mins to Gatlinburg, 10 mins to Pigeon Forge, near Great Smoky Mountains National Park ________________________________________ Whether you're dreaming of a personal mountain escape with room for guests or want to scale your STR portfolio with a ready-made dual-property estate, Bourbon Hollow delivers unmatched flexibility, privacy, and earning potential. Now showing by appointment only. Properties also offered individually — inquire for pricing breakdowns and income history.
Directions
Coming from Downtown Gatlinburg take 321 East Parkway to 2nd stop light (Dudley Creek Rd.) follow to a Rt. onto Old Cartertown Road. Property will be on the left. See signs.

Status Change Information

Major Change Timestamp
2026-02-19T18:53:49Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-02-19T18:53:49Z
Status Change Timestamp
2025-05-08

More Information

Fireplace Features

Fireplaces Total
3
Electric
Yes
Gas Log
Yes

Main Room Levels

Main Level Bathrooms
3
Main Level Bedrooms
3

Location, Tax, and Legal

New Construction YN
No
Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Tax Record
Parcel Number
117 037.00
Tax Lot
2 & 3
Tax Annual Amount
4866.56
Tax Year
2024
City Tax
380.97
County Tax
4485.58
Elementary School
Pi Beta Phi Elementary
Middle Or Junior School
Gatlinburg-Pittman Junior High
High School
GatlinburgPittman High

Appliances

Dishwasher
Yes
Disposal
Yes
Double Oven
Yes
Dryer
Yes
Electric Cooktop
Yes
Electric Range
Yes
Electric Water Heater
Yes
Microwave
Yes
Range Hood
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Trash Compactor
Yes
Washer
Yes
Other
Yes

Architectural Style

Cabin
Yes
Chalet
Yes
Contemporary
Yes
Cottage
Yes
Log
Yes
Traditional
Yes
Other
Yes

Construction Materials

Block
Yes
Brick
Yes
Log
Yes
Log Siding
Yes
Stone
Yes
Other
Yes

Cooling

Central Air
Yes
Electric
Yes

Current Use

Investment
Yes
Single Family
Yes
Other
Yes

Documents

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

Documents Available

Septic Inspection
Yes
Septic Permit
Yes
Survey
Yes

Exterior Features

Rain Gutters
Yes
Storage
Yes
Other
Yes

Fencing

Partial
Yes

Flooring

Hardwood
Yes
Laminate
Yes
Tile
Yes
Wood
Yes

Heating

Central
Yes
Electric
Yes
Heat Pump
Yes

Interior Features

Additional Living Quarters
Yes
Breakfast Bar
Yes
Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Eat-in Kitchen
Yes
Formal Dining
Yes
Granite Counters
Yes
Great Room
Yes
High Speed Internet
Yes
Kitchen Island
Yes
Kitchen/Dining Combo
Yes
Living/Dining Combo
Yes
Pantry
Yes
Soaking Tub
Yes
Storage
Yes
Walk-In Closet(s)
Yes
Walk-In Shower(s)
Yes
Wet Bar
Yes
Other
Yes

Laundry Features

Laundry Closet
Yes

Levels

One
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lock Box Information

Combo
Yes

Lot Features

Back Yard
Yes
Corner Lot
Yes
Corners Marked
Yes
Front Yard
Yes
Irregular Lot
Yes
Landscaped
Yes
Sloped
Yes
Subdivided
Yes
Views
Yes
Wooded
Yes
Other
Yes
See Remarks
Yes

Other Equipment

Fuel Tank(s)
Yes

Other Structures

Gazebo
Yes
Outbuilding
Yes
Storage
Yes
Other
Yes
See Remarks
Yes

Parking Features

Additional Parking
Yes
Asphalt
Yes
Attached Carport
Yes
Driveway
Yes
On Site
Yes
Other
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Patio
Yes
Porch
Yes
Other
Yes

Pets Allowed

Yes
Yes

Pool Features

Cabana
Yes
Electric Heat
Yes
Fenced
Yes
Heated
Yes
Outdoor Pool
Yes
Private
Yes
See Remarks
Yes

Possession

Close Of Escrow
Yes

Property Condition

Updated/Remodeled
Yes

Road Frontage Type

City Street
Yes
Road
Yes

Road Responsibility

Public Maintained Road
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Security System
Yes
Smoke Detector(s)
Yes

Sewer

Septic Tank
Yes

Utilities

Cable Connected
Yes
Electricity Connected
Yes
High Speed Internet Connected
Yes
Internet Connected
Yes
Water Connected
Yes
Other
Yes

Water Source

Public
Yes

Showing Considerations

See Remarks
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Office: Weichert, REALTORS - Tiger Rea
Last Updated: February - 19 - 2026
Information deemed reliable but not guaranteed.