779 & 783 Park Vista Way, Gatlinburg, TN 37738

$2,400,000

Property Type: Residential Bedrooms: 10 Baths: 11 Square Footage: 6,060 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $2,400,000 List Date: 4/26/2024 Last Modified: 8/27/2024

Overview

Description

TWO premier income producing properties! Located in Gatlinburg Falls Resort! Excellent rental income with a gross of $308,905 in 2023! Side-by-side cabins with a combined Occupancy of 34! Spectacular views of Mount Le Conte and the surrounding mountains. Located only 1.5 miles from the Main Parkway (Ripley's Golf) and 1.6 miles from the Gatlinburg Food City! Total of 10 bedrooms, 10.5 bathrooms, 2 game room, 2 theater rooms, and multiple covered outdoor spaces. In compliance with Gatlinburg's Short Term Rental guidelines. Both properties are very well maintenanced. 779 was built in 2009 and 783 was built in 2020! This community offers an outdoor pool and fitness center for guest use. These properties are completely turn key and would be a great addition to any investors portfolio. Inquire today for more information.

Listing Details MLS# 300655

General Property Information

Stories Total: 3
Lot Size Acres: 0.01
Living Area: 6060
Above Grade Finished Area: 6060
Bedrooms Total: 10
Bathrooms Total: 11
Bathrooms Full: 10
Bathrooms Half: Yes
Garage YN: No
Fireplace YN: Yes
Year Built: 2020
Bonus Room YN: No
Furnished: Furnished
Construction Type: Site Built
Planned Unit Development (PUD): Yes
View YN: Yes
List Price/SqFt: 470.3
Sold Price/SqFt: 396.04
Below Grade Finished Area: 0
Garage Spaces: 0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Architectural Style: Cabin; Log Association Amenities: Clubhouse; Maintenance Grounds; Pool; Recreation Facilities Association Fee Includes: Maintenance Grounds; Roads Attic Features: Access Only Basement: Basement; Finished Community Features: Fitness Center; Pool Construction Materials: Block; Frame; Log; Wood Siding Cooling: Heat Pump Current Use: Investment; Residential; Single Family Exterior Features: Rain Gutters Fireplace Features: Electric Flooring: Carpet; Hardwood; Tile; Other Foundation Details: Combination; Slab Heating: Heat Pump Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Walk-In Closet(s); Walk-In Shower(s) Levels: Tri-Level Listing Terms: 1031 Exchange; Cash; Conventional; Other Lot Features: City Lot; Landscaped Parking Features: Asphalt; Paved Patio And Porch Features: Covered; Deck Pool Features: Community; In Ground Possession: Close Of Escrow Road Frontage Type: Road Road Surface Type: Paved Sewer: Shared Septic Utilities: High Speed Internet Available; Internet Available View: Mountain(s) Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number: 779 & 783
Street Name: Park Vista
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Subdivision Name: Gatlinburg Falls

Contract Information

Original List Price: 2850000
Listing Contract Date: 2024-04-26
Auction YN: No
Owner Name: William & Julie Mitchell
Listing Agreement: Exclusive Right To Sell
Occupancy: Overnight Only
Rental History Gross Amount 1: 309000
Rental History Year 1: 2023
Association YN: Yes
Association Fee: 202
Association Fee Frequency: Monthly
Association Name: Wise Property Solutions
Association Phone: 865-643-8989
Association Type: Mandatory

Remarks and Miscellaneous

Public Remarks: TWO premier income producing properties! Located in Gatlinburg Falls Resort! Excellent rental income with a gross of $308,905 in 2023! Side-by-side cabins with a combined Occupancy of 34! Spectacular views of Mount Le Conte and the surrounding mountains. Located only 1.5 miles from the Main Parkway (Ripley's Golf) and 1.6 miles from the Gatlinburg Food City! Total of 10 bedrooms, 10.5 bathrooms, 2 game room, 2 theater rooms, and multiple covered outdoor spaces. In compliance with Gatlinburg's Short Term Rental guidelines. Both properties are very well maintenanced. 779 was built in 2009 and 783 was built in 2020! This community offers an outdoor pool and fitness center for guest use. These properties are completely turn key and would be a great addition to any investors portfolio. Inquire today for more information.
Directions: From 321 Parkway, when entering Gatlinburg Gatlinburg take a left at the first traffic light 2A Dudley Creek Rd/Ridge Rd. Travel 1 mile to a stop sign, take a right to stay on Dudley Creek Rd. Travel .3 miles and take a left onto Cheshire Ct. Then take your first right onto Park Vista Way. Follow around and stay to your left to stay on Park Vista Way. Travel .015 of a mile to Park Vista Way on your left. The cabins will be the first and second property on your left.

Status Change Information

Major Change Timestamp: 2024-08-08T21:28:09Z
Major Change Type: Status Change
Status Change Timestamp: 2024-08-08
Purchase Contract Date: 2024-07-12
Close Date: 2024-08-06
Close Price: 2400000
Buyer Financing: Cash
Anticipated Closing Date: 2024-08-06

More Information

Fireplace Features

Fireplaces Total: 2
Electric: Yes

Location, Tax, and Legal

City/County: City
New Construction YN: No
Restrictive Covenants YN: Yes
Zoning: R2
Zoning Entity: Gatlinburg
Parcel Number: 117 063.00
Tax Lot: 70/69
Tax Annual Amount: 9038.81
Tax Year: 2023

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Electric Water Heater: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Architectural Style

Cabin: Yes
Log: Yes

Association Amenities

Clubhouse: Yes
Maintenance Grounds: Yes
Pool: Yes
Recreation Facilities: Yes

Association Fee Includes

Maintenance Grounds: Yes
Roads: Yes
Sewer: Yes

Attic Features

Access Only: Yes

Basement

Basement: Yes
Finished: Yes

Community Features

Fitness Center: Yes
Pool: Yes

Construction Materials

Block: Yes
Frame: Yes
Log: Yes
Wood Siding: Yes

Cooling

Heat Pump: Yes

Current Use

Investment: Yes
Residential: Yes
Single Family: Yes

Exterior Features

Rain Gutters: Yes

Flooring

Carpet: Yes
Hardwood: Yes
Tile: Yes
Other: Yes

Foundation Details

Combination: Yes
Slab: Yes

Heating

Heat Pump: Yes

Interior Features

Cathedral Ceiling(s): Yes
Ceiling Fan(s): Yes
Great Room: Yes
High Speed Internet: Yes
Walk-In Closet(s): Yes
Walk-In Shower(s): Yes

Levels

Tri-Level: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Other: Yes

Lot Features

City Lot: Yes
Landscaped: Yes

Parking Features

Asphalt: Yes
Paved: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes

Pool Features

Community: Yes
In Ground: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

Road: Yes

Road Surface Type

Paved: Yes

Sewer

Shared Septic: Yes

Utilities

High Speed Internet Available: Yes
Internet Available: Yes

View

Mountain(s): Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Listing Office: TN Smoky Mtn Realty

Last Updated: August - 27 - 2024

Information deemed reliable but not guaranteed.

779 & 783 Park Vista Way, Gatlinburg, TN 37738 (MLS# 300655)