787 Mountain Stream Way, Gatlinburg, TN 37738
$1,600,000
Property Type:
Residential
Bedrooms:
9
Baths:
9
Square Footage:
4,888
Status:
Closed
Current Price:
$1,600,000
List Date:
10/08/2020
Last Modified:
8/28/2024
Overview
Description
Newly built in 2017, this property is located at the top of Gatlinburg Falls Hidden Valley Resort, just one mile from the Gatlinburg Parkway. This 9 bedroom rental earned $185,000 in revenue in 2019 and is projected to earn $200,000 in 2020. This cabin can comfortably accommodate 32 guests and features plenty of amenities to keep everyone entertained, and the resort outdoor offers pool access. The property is being sold fully furnished and ready to rent. Due to the high number of pre-booked reservations, this property is required to remain on Venture Resorts rental program for 6 months after closing. Property buyers will receive income from every reservation checking in after closing is complete.
Listing Details MLS# 230580
General Property Information
- Living Area
- 4888
- Above Grade Finished Area
- 4888
- Bedrooms Total
- 9
- Bathrooms Total
- 9
- Bathrooms Full
- 7
- Bathrooms Half
- 2
- Garage YN
- No
- Year Built
- 2018
- Bonus Room YN
- Yes
- Number of Bonus Rooms
- 2
- Accessory Dwelling Unit YN
- No
- Sign On Property YN
- No
- Home Warranty YN
- No
- Construction Type
- Site Built
- List Price/SqFt
- 337.56
- Sold Price/SqFt
- 327.33
- Lot Size Acres
- 0
- Below Grade Finished Area
- 0
- Below Grade Unfinished Area
- 0
- Garage Spaces
- 0
Property Features
Architectural Style:
Cabin
Sewer:
Public Sewer
Water Source:
Public
Location Tax and Legal
- Street Number
- 787
- Street Name
- Mountain Stream
- 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
- 1900000
- Listing Contract Date
- 2020-10-08
- Owner Name
- Smoky Properties LLC
- Listing Agreement
- Exclusive Right To Sell
- Occupancy
- Either
- Common Interest
- Planned Development
- Association YN
- Yes
- Association Fee
- 284.85
- Association Fee Frequency
- Monthly
- Association Name
- Wise Property Solutions
- Association Email
- services@wisepropertysolutions.com
- Association Type
- Mandatory
- Rental History Gross Amount 1
- 0
- Rental History Year 1
- 0
- Rental History Gross Amount 2
- 0
- Rental History Year 2
- 0
Remarks and Miscellaneous
- Public Remarks
- Newly built in 2017, this property is located at the top of Gatlinburg Falls Hidden Valley Resort, just one mile from the Gatlinburg Parkway. This 9 bedroom rental earned $185,000 in revenue in 2019 and is projected to earn $200,000 in 2020. This cabin can comfortably accommodate 32 guests and features plenty of amenities to keep everyone entertained, and the resort outdoor offers pool access. The property is being sold fully furnished and ready to rent. Due to the high number of pre-booked reservations, this property is required to remain on Venture Resorts rental program for 6 months after closing. Property buyers will receive income from every reservation checking in after closing is complete.
- Directions
- From Gatlinburg Parkway, start out going north on Ridge Rd toward Oak Ridge Rd. Then 0.04 miles Take the 1st left to stay on Ridge Rd. If you are on Ridge Rd and reach Old Ridge Rd you've gone about 0.1 miles too far Then 0.42 miles Turn right onto Kings Ridge Rd. Kings Ridge Rd is just past Brien Cir If you are on Dudley Creek Rd and reach Kristis Pl you've gone about 0.2 miles too far Then 0.06 miles Take the 1st right onto Hidden Valley Rd. If you reach Red Oak Hts you've gone a little too far Then 0.11 miles 653 Hidden Valley Rd, Gatlinburg, TN 37738-5245, 653 HIDDEN VALLEY RD is on the left. After left turn, follow road to Y split. Keep left and follow road to the top of the mountain to Lot #9
Status Change Information
- Major Change Timestamp
- 2021-07-06T16:35:04Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2021-05-20T19:05:35Z
- Status Change Timestamp
- 2021-07-06
- Purchase Contract Date
- 2021-05-26
- Close Date
- 2021-07-06
- Close Price
- 1600000
- Buyer Financing
- Conventional
- Anticipated Closing Date
- 2021-06-30
More Information
Location, Tax, and Legal
- Restrictive Covenants YN
- No
- Zoning
- R-1
- Zoning Entity
- Gatlinburg
- Tax Lot
- 94
- Book/Page/Doc #
- 4607, 603
- Tax Annual Amount
- 3074.2
- Tax Year
- 2019
Architectural Style
- Cabin
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Listing Office:
Great Mountain Realty LLC
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.