2517 Laurel Point Way, Lazy Bear Lodge, Sevierville, TN 37862
$1,600,000
Property Type:
Residential
Bedrooms:
6
Baths:
8
Square Footage:
4,800
Status:
Closed
Current Price:
$1,600,000
List Date:
2/18/2024
Last Modified:
8/29/2024
Overview
Description
Meticulously maintained by owners who have an eye for detail! This home features all the amenities that make a successful short term rental in the Great Smoky Mountains: indoor heated swimming pool, game room, theater room, large open common area / kitchen, multiple levels of covered decks (5 total!), 6 large bedrooms w/ en suites, mountain views, and 12 minutes to the Pigeon Forge Parkway! Multiple additions added by the owners include: hard landscaping, gutters, water diversion, added exterior lighting, additional opening windows to help air flow, upgraded mini split system in pool room, upgraded dehumidifier in pool room, sealed pool deck, pool cover, additional exterior lighting on all decks, built in tables and seating, extended lighting chain pulls, and instructions and labels on how to operate and use just about everything in the home! Other features include: handsome tongue and groove throughout, high ceilings on the main floor, cathedral ceilings on the top floor, granite counters in the kitchen, and a tasteful interior outfitting.
Listing Details MLS# 268457
General Property Information
- Living Area
- 4800
- Above Grade Finished Area
- 3200
- Below Grade Finished Area
- 1600
- Bedrooms Total
- 6
- Bathrooms Total
- 8
- Bathrooms Full
- 6
- Bathrooms Half
- 2
- Garage YN
- No
- Year Built
- 2019
- Bonus Room YN
- No
- Accessory Dwelling Unit YN
- No
- Sign On Property YN
- No
- Home Warranty YN
- No
- Furnished
- Furnished
- Construction Type
- Site Built
- View YN
- Yes
- List Price/SqFt
- 354.15
- Sold Price/SqFt
- 333.33
- Lot Size Acres
- 0
- Below Grade Unfinished Area
- 0
- Garage Spaces
- 0
Property Features
Appliances:
Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style:
Cabin
Association Amenities:
Management; Pool; Other
Association Fee Includes:
Maintenance Grounds; Roads
Attic Features:
Access Only
Basement:
Basement; Crawl Space; Finished
Construction Materials:
Log Siding; Wood Siding
Cooling:
Electric
Exterior Features:
Rain Gutters
Fireplace Features:
Electric
Foundation Details:
Combination
Heating:
Electric
Interior Features:
Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Solid Surface Counters
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Levels:
Three Or More
Listing Terms:
1031 Exchange; Cash; Conventional
Patio And Porch Features:
Covered; Deck
Pool Features:
In Ground
Possession:
Close Of Escrow
Road Surface Type:
Paved
Roof:
Metal
Security Features:
Smoke Detector(s)
Sewer:
Shared Septic
View:
Mountain(s); Seasonal
Water Source:
Public
Window Features:
Double Pane Windows
Showing Requirements:
See Remarks
Location Tax and Legal
- Street Number
- 2517
- Street Name
- Laurel Point
- Street Suffix
- Way
- County
- Sevier
- State
- TN
- Zip Code
- 37862
- Property Sub Type
- Single Family Residence
- MLS Area Major
- Sevierville
- Subdivision Name
- Smoky Mountain Ridge
Contract Information
- Original List Price
- 1699900
- Listing Contract Date
- 2024-02-17
- Owner Name
- Lee
- Listing Agreement
- Exclusive Right To Sell
- Occupancy
- Either
- Common Interest
- Planned Development
- Association YN
- Yes
- Association Fee
- 550
- Association Fee Frequency
- Quarterly
- Association Name
- Smoky Mountain Ridge
- Association Email
- hooverhoaconsulting@gmail.com
- Association Type
- Mandatory
Remarks and Miscellaneous
- Public Remarks
- Meticulously maintained by owners who have an eye for detail! This home features all the amenities that make a successful short term rental in the Great Smoky Mountains: indoor heated swimming pool, game room, theater room, large open common area / kitchen, multiple levels of covered decks (5 total!), 6 large bedrooms w/ en suites, mountain views, and 12 minutes to the Pigeon Forge Parkway! Multiple additions added by the owners include: hard landscaping, gutters, water diversion, added exterior lighting, additional opening windows to help air flow, upgraded mini split system in pool room, upgraded dehumidifier in pool room, sealed pool deck, pool cover, additional exterior lighting on all decks, built in tables and seating, extended lighting chain pulls, and instructions and labels on how to operate and use just about everything in the home! Other features include: handsome tongue and groove throughout, high ceilings on the main floor, cathedral ceilings on the top floor, granite counters in the kitchen, and a tasteful interior outfitting.
- Directions
- From Pkwy Pigeon Forge. Traffic light #3 take Wears Valley Rd/ Highway 321 towards Townsend. Go 4.8 miles to a LEFT onto Smoky Ridge Way. Veer LEFT after crossing the bridge. Go .7 miles and turn LEFT onto Boulder Way. Go .3 miles to a RIGHT onto Laurel Point Way. Cabin is last on LEFT. See sign.
Status Change Information
- Major Change Timestamp
- 2024-04-29T18:07:44Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2024-04-29
- Purchase Contract Date
- 2024-02-22
- Close Date
- 2024-04-26
- Close Price
- 1600000
- Buyer Financing
- Cash
- Anticipated Closing Date
- 2024-04-24
More Information
Fireplace Features
- Fireplaces Total
- Yes
- Electric
- Yes
Showing Requirements
- Showing Instructions
- To show, submit offers, or ask questions contact Greg at 865-643-2103 // gregkorlin@gmail.com // Home has a CO for 12 // Seller willing to offer a $50,000 sprinkler retro fit escrow credit with full price offer // Varied but strong rental history due to seller switching rental companies multiple times as they settled into the market // 2020: $145,517 gross > 171 nights occupied > $850 avg. rate // 2021: $217,357 gross > 220 nights rented > $987 avg. rate // 2022: $150,237 gross > 197 nights rented > $762 avg. rate // 2023: $136,987 gross > 173 nights rented > $791 avg. rate // 2024: $61,416 // 84 nights rented // $731 avg. rate // Seller would like to transition off of current rental company post closing TO BE NEGOTIATED // ITEMS THAT DO NOT CONVEY: 1 arcade game closest to laundry room, Betty Boop Photo and 2 Guitars and Carved Bear on rear deck middle floor.
- See Remarks
- Yes
Historical Information
- Public Historical Remarks
- Interior Features: Large Primary Bedroom
Location, Tax, and Legal
- Street Additional Info
- Lazy Bear Lodge
- Restrictive Covenants YN
- Yes
- Zoning
- R-1
- Zoning Entity
- Sevier County
- Tax Lot
- 103R
- Book/Page/Doc #
- 5647, 99
- Tax Annual Amount
- 3119.84
- Tax Year
- 2022
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Electric Range
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Architectural Style
- Cabin
- Yes
Association Amenities
- Management
- Yes
- Pool
- Yes
- Other
- Yes
Association Fee Includes
- Maintenance Grounds
- Yes
- Roads
- Yes
Attic Features
- Access Only
- Yes
Basement
- Basement
- Yes
- Crawl Space
- Yes
- Finished
- Yes
Construction Materials
- Log Siding
- Yes
- Wood Siding
- Yes
Cooling
- Electric
- Yes
Exterior Features
- Rain Gutters
- Yes
Foundation Details
- Combination
- Yes
Heating
- Electric
- Yes
Interior Features
- Cathedral Ceiling(s)
- Yes
- Ceiling Fan(s)
- Yes
- Great Room
- Yes
- Solid Surface Counters
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Washer Hookup
- Yes
Levels
- Three Or More
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Patio And Porch Features
- Covered
- Yes
- Deck
- Yes
Pool Features
- In Ground
- Yes
Possession
- Close Of Escrow
- Yes
Road Surface Type
- Paved
- Yes
Roof
- Metal
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Shared Septic
- Yes
View
- Mountain(s)
- Yes
- Seasonal
- Yes
Water Source
- Public
- Yes
Window Features
- Double Pane Windows
- Yes
Listing Office:
Century 21 MVP
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.