970 Douglas Dam Road, Kodak, TN 37764

Property Description

For those investors looking for something different, the ''Spellbound Inn'' in the magical community of the Forgotten Forest in the Smoky Mountains of TN is one that should be at the top of the list. The Forgotten Forest is a newer neighborhood featuring castles, Hobbit burrows, and other magical enclaves for guests to the area to enjoy. This community is quickly becoming a guest favorite to visitors the Smoky Mountains, as it offers guests an alternative to the myriad of log cabins available to rent while vacationing in the region. The neighborhood features a common magical theme to all of the homes, a beautiful common park area with dragon statues, stone rings, beautiful landscaping, and they have just broken ground on the community pool that will soon be available to owners and guests. The home itself boasts 3 bedrooms, 3.5 bathrooms, and over 1,500 square feet of living space spread out over 3 levels. Upon entering you will find the open concept kitchen area, dining area, living room with fireplace, and a convenient half bath. One level up are 2 full spacious bedrooms with each having a modern en suite bathroom. On the top level you will find the game area, theater area, the 3rd full bathroom, and the 3rd full bedroom which is currently set up as a bunk room. The home also offers ample flat parking out front, and a well designed covered back patio area for relaxing, grilling, or enjoying the private hot tub. Just off the back patio is a secret trail that leads to the heart of the neighborhood where you will encounter the aforementioned park like setting with benches, magical statues, trees for shade, and a beautiful stone ring. This property has become a guest favorite, and is extremely well reviewed on both VRBO (Exceptional rating) and AirBnB (Guest favorite rating). It has documented rental income of $59k for 2024, and $64k for 2025. This mystical home has been well decorated by its owners both inside and out with thoughtful touches such as the stone exterior, and specially designed crooked chimney. The property is being sold fully furnished and turnkey. To see additional photos, a video walkthrough, a virtual tour, and floor plans please visit here: https://property.knoxview.com/970_douglas_dam_rd-3513?branding=false