304 Carly Way, Gatlinburg, TN 37738

$899,900
2
BD
2
BA
2,880
SqFt
List Price
$899,900
Status
ACTIVE
MLS#
251339
Bedrooms
2
Full-baths
2
Sq. Ft
2,880
Acres
1.78
Year Built
1996
Subdivision
Laurel Highlands

Property Description

What an absolutely incredible opportunity to purchase a cabin on 1.78 acres with a magnificent view just outside of Gatlinburg producing astronomical rental income figures. The property, aptly named "Take My Breath Away" grossed an amazing $104,154 in 2021 and $88,704 in 2020. These figures do NOT include taxes or cleaning fees, strictly the rental rate revenue generated by the cabin. It's able to produce such magnificent numbers for numerous reasons including the panoramic mountain view looking largely into the undisturbed wilderness of the Smoky Mountains National Park where your view won't be cluttered with other cabins in the future. The view is something to behold and is really accentuated from the massive covered porch of the cabin and the large window wall looking out to the panoramic view. The view is only the beginning of the stellar qualities of this property. The deck is very generously sized with ample space for the outdoor dining, grilling, and much more. Inside you'll see a cabin that has been meticulously updated with the finest features including a luxury theater room, completely remodeled baths with top notch walk in showers, high end vanities, high end furniture throughout, custom pool table, wet bar, strategically placed windows to capture the mountain views, an all wood interior (no sheetrock, and the list goes on and on. The property combines the rare quality (that creates a unique and top producing short term rental) of an excellent panoramic view with privacy & acreage (1.78 acres) to go along with easy access close to Gatlinburg and not far at all off a major road (321). It's the rare unicorn that manages a mountain view without having to travel miles off the main road to get to it - and even has privacy! Throw in the magnificent existing rental history and its a recipe for success as a short term rental cabin. At listing price it's an 8.64 GRM, well below the 10x gross norm for the area. It is one of the larger 2 bedroom cabins you'll see at 2,880 square feet of quality.

Additional Information

Price Per Sqft
$312
Days on Market
17
Annual Tax
1517
Tax Year
2021
Hoa Fee
$600
Hoa Freq
Annually
Style
Cabin, Log
Interior Features
Furniture, Recreation Room, Wood Floors, Large Master Bedroom, W/D Connection, Ceiling Fan(s), Great Room, Wet Bar, Whirlpool, Window Treatment
Exterior Features
Double Pane Windows, Private Yard, Wooded
Amenities
Hot Tub, Seasonal View, Private, Mountain View
Appliances
Dryer, Washer, Microwave, Electric Range, Dishwasher, Refrigerator
Foundation
Basement, Slab
Basement
Walk-Out Access, Finished, Full
Construction
Wood Siding, Log, Log Siding
Construction Type
Site Built
Fireplace Type
Electric
Hoa Includes
Roads, Other
Heating
Heat Pump, Electric
Cooling
Central Air, Electric, Heat Pump
Sewer
Septic System
Water
Well

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Smoky Mountain Real Estate Corporation.

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2022 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .