$710,000
$715,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
1,688 SqFt
SOLD DATE : 12/13/2023
Key Details
Sold Price $710,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,688 sqft
Price per Sqft $420
MLS Listing ID 263576
Sold Date 12/13/23
Style Cabin,Log
Bedrooms 1
Full Baths 1
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 1,016
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2006
Annual Tax Amount $1,356
Tax Year 2022
Lot Size 1.610 Acres
Acres 1.61
Property Sub-Type Single Family Residence
Property Description
Pool Time Paradise checks all the boxes for a successful rental in the Smoky Mountain short term cabin rental market. It features a heated indoor pool, excellent mountain view of Mount LeConte, close proximity to downtown Gatlinburg, and has the benefit of low operating expenses with no HOA fees and on its own private well (with a great 15 gallons per minute at 605' depth per drilling records) and septic. It can't be emphasized enough how rare it is for a one bedroom pool cabin sitting on over 1.6 ACRES, with a top notch mountain view, close to downtown Gatlinburg comes up for sale. Usually a one bedroom pool cabin will be situated on a small lot or part of a PUD with properties crammed in surrounding you. That's certainly not the case with this property with its room to roam and over 1.6 acres! The property generated an eye popping $82,690 (2021) and $73,017 (2022) of strictly rental rate revenue (not including cleaning fees, taxes, or any other additional fees). It's on track to have another stellar year in 2023. The property has the flexibility of being self managed via AirBnb/VRBO or with a management company. The property is currently managed by Elk Springs Resort and they aptly describe the property as follows: "Escape to the mountains with your special someone to your romantic getaway cabin and enjoy mountain views, an indoor heated pool and waterfall, hot tub, and loft suite with Jacuzzi Tub. Pool Table, Full Kitchen, Fireplace. You and your special someone will enjoy a romantic getaway at Pool Time Paradise. Enjoy relaxing in the hot tub on the covered deck or swimming in the heated indoor pool with waterfall. Read a book while relaxing in front of the gas fireplace or watch TV on the 46 inch HD TV with surround sound and blu-ray player." The property includes recent new updates such as a hot tub and miscellaneous decor/furniture upgrades/replacements. Additionally, the property backs to land owned by the Federal Government, so you shouldn't have to worry about any homes being built to the North/Northeast of the cabin! Note: Drone photos were used in some of the photographs.
Location
State TN
County Sevier
Zoning R-1
Direction From Gatlinburg headed East on 321, turn left at light 2A, Dudley Creek Road. Then take your next right onto Cartertown Rd. Next, take a Left on Johns Branch Rd. then a left on Boyd Blvd. Next take a right onto Little Foot Lane (multiple spelling aka Littlefoot Lane). Continue straight (gravel at first and then it leads to the paved section. The cabin is at the end on your RIGHT. Cabin name is \"Pool Time Paradise\" managed by Elk Springs Resort.
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s), Soaking Tub
Heating Electric, Heat Pump
Cooling Electric, Heat Pump
Flooring Wood
Fireplaces Number 1
Fireplaces Type Gas Log
Fireplace Yes
Window Features Double Pane Windows,Window Treatments
Appliance Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator, Washer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Paved
Pool Hot Tub, In Ground, Private
View Y/N Yes
View Mountain(s), Seasonal
Roof Type Metal
Street Surface Gravel,Paved
Road Frontage Private Road
Garage No
Building
Lot Description Wooded
Sewer Septic Tank, Septic Permit On File
Water Well
Architectural Style Cabin, Log
Structure Type Log,Log Siding,Wood Siding
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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