2940 Tower, Sevierville, TN 37876
$3,125,000
Property Type:
Residential
Bedrooms:
13
Baths:
9
Square Footage:
8,568
Lot Size (sq. ft.):
221,285
Status:
Closed
Current Price:
$3,125,000
List Date:
4/07/2023
Last Modified:
9/02/2024
Description
All NEW septic tanks and lines just installed. Management company will guarantee a minimum of 375K in gross rental income in the first 12 months under new ownership!! Perfect for family reunions, wedding parties, corporate retreats, etc. This is truly a once in a lifetime opportunity to own one of the most unique luxury properties in all of Tennessee. This exquisite gated mountain estate has unparalleled mountain views and is situated on 5 private park-like acres featuring a 5 bedroom main house, personal arcade room/buliding, private movie theater, a 2 bedroom bungalow cabin, a 5 bedroom cottage, a quaint 1 bedroom cabin, and a covered pavilion with heated pool overlooking the Smoky Mountains! The options are limitless at this spectacular retreat! Boasting almost 9,000 finished square feet with 13 beds and 8.5 baths there is plenty of room for everyone! This property has been tastefully updated and decorated and is turn-key ready for its next owner! Sit back and relax while taking in the best views East Tennessee has to offer. There are truly too many features to describe, this is an absolute MUST SEE!! Call today to schedule your private showing and request a pro forma. Don't forget to check out the VIRTUAL TOUR and Floorplans!!
More Information MLS# 256661
Location, Tax, and Legal
Restrictive Covenants YN: No
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 081J B 007.00, 081J B 011.00
Tax Lot: 7 and 11
Book/Page/Doc #: 5939, 307
Tax Annual Amount: 1811.18
Tax Year: 2019
Contract Information
Owner Name: A View From Above Clouds LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Current Price: $3,125,000
Original List Price: 3799999
Sold Price: $3,125,000
Status: Closed
Listing Contract Date: 2023-04-07
General Property Information
Lot Size Acres: 5.08
Above Grade Finished Area: 5538
Below Grade Finished Area: 3030
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 1
Garage Spaces: 0
Bonus Room YN: Yes
Furnished: Furnished
Accessory Dwelling Unit YN: Yes
Sign On Property YN: No
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 420.17
Sold Price/SqFt: 364.73
Living Area: 8568
Bedrooms Total: 13
Bathrooms Total: 9
Bathrooms Full: 8
Year Built: 1970
Remarks and Miscellaneous
Public Remarks: All NEW septic tanks and lines just installed. Management company will guarantee a minimum of 375K in gross rental income in the first 12 months under new ownership!! Perfect for family reunions, wedding parties, corporate retreats, etc. This is truly a once in a lifetime opportunity to own one of the most unique luxury properties in all of Tennessee. This exquisite gated mountain estate has unparalleled mountain views and is situated on 5 private park-like acres featuring a 5 bedroom main house, personal arcade room/buliding, private movie theater, a 2 bedroom bungalow cabin, a 5 bedroom cottage, a quaint 1 bedroom cabin, and a covered pavilion with heated pool overlooking the Smoky Mountains! The options are limitless at this spectacular retreat! Boasting almost 9,000 finished square feet with 13 beds and 8.5 baths there is plenty of room for everyone! This property has been tastefully updated and decorated and is turn-key ready for its next owner! Sit back and relax while taking in the best views East Tennessee has to offer. There are truly too many features to describe, this is an absolute MUST SEE!! Call today to schedule your private showing and request a pro forma. Don't forget to check out the VIRTUAL TOUR and Floorplans!!
Directions: From Pigeon Forge: Turn at traffic light #3 towards Wears Valley. Travel about 2.6 miles. Turn R on Walden's Creek. Travel about .5 miles. Turn L on Goose Gap. Travel about .4 miles. Turn L on Bluff Mtn Rd. Travel about 4 miles. Turn L on Tower Rd. Travel about .4 miles to property. See gate on right.
Status Change Information
Status Change Timestamp: 2024-02-01
Buyer Financing: Conventional
Anticipated Closing Date: 2024-01-31
Major Change Timestamp: 2024-03-02T06:00:00Z
Major Change Type: Status Change
Price Change Timestamp: 2023-11-29T03:23:27Z
Purchase Contract Date: 2023-12-25
Close Date: 2024-02-01
Close Price: 3125000
Accessory Dwelling Unit Information
ADU SqFt: 4011
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Washer: 1
Architectural Style
Contemporary: 1
Log: 1
Basement
Finished: 1
Full: 1
Walk-Out Access: 1
Construction Materials
Masonry: 1
Stone: 1
Cooling
Central Air: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Fireplaces Total: 2
Electric: 1
Gas Log: 1
Flooring
Wood: 1
Foundation Details
Slab: 1
Heating
Central: 1
Electric: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
Soaking Tub: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Private: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
Hot Tub: 1
Private: 1
Road Frontage Type
County Road: 1
Private Road: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Metal: 1
Sewer
Septic Permit Not Found: 1
View
Mountain(s): 1
Water Source
Well: 1
Window Features
Window Treatments: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: To Show, TEXT Melinda Hyder at 865-386-4053. This listing includes lots 7 AND 11. To take advantage of the income guarantee, the property must stay with CabinsUSA for 12 months. Owner financing available with suitable down payment. Buyers should be advised to verify all information independently including HOA info, square footage, acreage, and other details of a property. Equal housing opportunity. Most information is taken from tax records and is not verified or guaranteed by listing agent/company.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 2940
Street Name: Tower
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Single Family Residence
MLS Area Major: Bluff Mtn/Walde
Subdivision Name: Bluff Mtn Acres
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Washer
Architectural Style: Contemporary; Log
Basement: Finished; Full; Walk-Out Access
Construction Materials: Masonry; Stone
Cooling: Central Air
Exterior Features: Rain Gutters
Fireplace Features: Electric; Gas Log
Flooring: Wood
Foundation Details: Slab
Heating: Central; Electric
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Soaking Tub; Solid Surface Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Private
Patio And Porch Features: Covered; Deck
Pool Features: Hot Tub; Private
Road Frontage Type: County Road; Private Road
Road Surface Type: Paved
Roof: Composition; Metal
Sewer: Septic Permit Not Found
View: Mountain(s)
Water Source: Well
Window Features: Window Treatments
Showing Requirements: Appointment Only; See Remarks
Listing Office:
The Real Estate Firm Inc. Sevier
Last Updated: September - 02 - 2024
Information deemed reliable but not guaranteed.