130 Mills Park Road 3, Gatlinburg, TN 37738

$2,399,000
Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 5,008 Lot Size (sq. ft.): 436 Status: Closed
Current Price: $2,399,000 List Date: 10/25/2024 Last Modified: 11/27/2024

Description

**JUST COMPLETED** Presenting a sensational, new-construction, 6-bedroom cabin complete with a revolutionary two-story indoor waterfall pool! With rental income projections soaring up to $329K annually, this modern mountain lodge is both an exquisite retreat and a lucrative investment opportunity. Spanning a generous 5,008 square feet, the cabin is replete with high-end finishes and a sleek, contemporary aesthetic. Upon entering the expansive main level, you'll be captivated by the spacious open floor plan that integrates the kitchen, dining area, and great room seamlessly. This level also features two exquisite ensuite king bedrooms, a cutting-edge game room with four handcrafted suspended bunk beds, and two sleeper sofas. The show-stopping, dual-level pool room, encased in store-front glass, provides breathtaking views from multiple vantage points across both levels. Ascend to the upper level to discover a private office, a lounge area with a pool table, and a stunning overview of the waterfall and pool below. Relax by the outdoor fireplace on the covered deck, soaking in the awe-inspiring mountain vistas of Mt. Leconte on tranquil afternoons. Outfitted with premium, commercial-grade furniture sourced from top-tier suppliers in the short-term rental industry, this cabin exemplifies unparalleled luxury and comfort. Located in the brand new prestigious Timber Ridge at Mills Park community, this property enjoys underground city utilities and proximity to the area's top attractions, dining, shops, and entertainment. You're less than one minute away from Mills Park and the Rocky Top Sports World complex, with downtown Gatlinburg less than five miles from your doorstep. As a unique perk, a tram stop at the neighborhood entrance offers guests a convenient, complimentary way to explore Gatlinburg. Seize the opportunity to own a truly unique cabin in Gatlinburg's newest professionally designed neighborhood—Timber Ridge at Mills Park. Experience the ultimate fusion of luxury and adventure at this impeccable mountain haven. Documents section in the MLS includes rental projections, floor plans, furnishing selections, appliance selections, and plat map. Link to video is in the Realtor Addendum

More Information MLS# 303546

Location, Tax, and Legal

Unit Number: 3 New Construction YN: Yes New Construction Start Date: 2024-01-01 Estimated Completion Date: 2024-10-25 Restrictive Covenants YN: Yes Zoning: R-2 Zoning Entity: Gatlinburg Parcel Number: 118 087.00 Tax Lot: Unit 3 Tax Annual Amount: 726.98 Tax Year: 2023

Contract Information

Sold Before Listed: No Association Type: Mandatory Auction YN: No Owner Name: Mills Park Cabins LLC Listing Agreement: Exclusive Right To Sell Occupancy: Either Rental History Gross Amount 1: 329000 Rental History Year 1: 2025 Association YN: Yes Association Fee: 150 Association Fee Frequency: Monthly Association Name: Timber Ridge HOA Association Phone: TBD Association Email: TBD Current Price: $2,399,000 Original List Price: 2399000 Sold Price: $2,399,000 Status: Closed Listing Contract Date: 2024-10-25

General Property Information

Stories Total: 2 Lot Size Acres: 0.01 Lot Size Source: Other Living Area Source: Plans Above Grade Finished Area: 5008 Below Grade Finished Area: 0 Garage YN: No Bathrooms Half: 1 Garage Spaces: 0 Fireplace YN: Yes Bonus Room YN: No Furnished: Furnished Accessory Dwelling Unit YN: No Sign On Property YN: Yes Home Warranty YN: Yes Property Attached YN: No Construction Type: Site Built Planned Unit Development (PUD): Yes View YN: Yes List Price/SqFt: 479.03 Sold Price/SqFt: 479.03 Living Area: 5008 Bedrooms Total: 6 Bathrooms Total: 7 Bathrooms Full: 6 Year Built: 2024

Remarks and Miscellaneous

Public Remarks: **JUST COMPLETED** Presenting a sensational, new-construction, 6-bedroom cabin complete with a revolutionary two-story indoor waterfall pool! With rental income projections soaring up to $329K annually, this modern mountain lodge is both an exquisite retreat and a lucrative investment opportunity. Spanning a generous 5,008 square feet, the cabin is replete with high-end finishes and a sleek, contemporary aesthetic. Upon entering the expansive main level, you'll be captivated by the spacious open floor plan that integrates the kitchen, dining area, and great room seamlessly. This level also features two exquisite ensuite king bedrooms, a cutting-edge game room with four handcrafted suspended bunk beds, and two sleeper sofas. The show-stopping, dual-level pool room, encased in store-front glass, provides breathtaking views from multiple vantage points across both levels. Ascend to the upper level to discover a private office, a lounge area with a pool table, and a stunning overview of the waterfall and pool below. Relax by the outdoor fireplace on the covered deck, soaking in the awe-inspiring mountain vistas of Mt. Leconte on tranquil afternoons. Outfitted with premium, commercial-grade furniture sourced from top-tier suppliers in the short-term rental industry, this cabin exemplifies unparalleled luxury and comfort. Located in the brand new prestigious Timber Ridge at Mills Park community, this property enjoys underground city utilities and proximity to the area's top attractions, dining, shops, and entertainment. You're less than one minute away from Mills Park and the Rocky Top Sports World complex, with downtown Gatlinburg less than five miles from your doorstep. As a unique perk, a tram stop at the neighborhood entrance offers guests a convenient, complimentary way to explore Gatlinburg. Seize the opportunity to own a truly unique cabin in Gatlinburg's newest professionally designed neighborhood—Timber Ridge at Mills Park. Experience the ultimate fusion of luxury and adventure at this impeccable mountain haven. Documents section in the MLS includes rental projections, floor plans, furnishing selections, appliance selections, and plat map. Link to video is in the Realtor Addendum Directions: From Gatlinburg take 321 east to a left on Mills Park Rd. Timber Ridge at Mills Park will be directly on your right.

Status Change Information

Status Change Timestamp: 2024-11-27 Buyer Financing: Conventional Anticipated Closing Date: 2024-11-27 Major Change Timestamp: 2024-11-27T14:43:59Z Major Change Type: Status Change Purchase Contract Date: 2024-10-27 Close Date: 2024-11-27 Close Price: 2399000

Appliances

Dishwasher: 1 Disposal: 1 Double Oven: 1 Dryer: 1 Electric Cooktop: 1 Electric Range: 1 Gas Water Heater: 1 Microwave: 1 Range Hood: 1 Refrigerator: 1 Washer: 1

Architectural Style

Cabin: 1 Chalet: 1 Crossmod: 1

Attic Features

None: 1

Basement

None: 1

Construction Materials

Block: 1 Fiber Cement: 1 Frame: 1 Log Siding: 1 Stone: 1 Wood Siding: 1

Cooling

Central Air: 1 Heat Pump: 1

Exterior Features

Rain Gutters: 1

Fireplace Features

Fireplaces Total: 8 Electric: 1 Gas Log: 1

Flooring

Luxury Vinyl: 1 Tile: 1

Heating

Central: 1 Heat Pump: 1 Natural Gas: 1

Interior Features

Breakfast Bar: 1 Ceiling Fan(s): 1 Eat-in Kitchen: 1 Granite Counters: 1 High Speed Internet: 1 Kitchen Island: 1 Kitchen/Dining Combo: 1 Pantry: 1 Soaking Tub: 1 Solid Surface Counters: 1 Walk-In Shower(s): 1 Other: 1

Laundry Features

Inside: 1 Laundry Closet: 1 Upper Level: 1

Levels

Two: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lock Box Information

Combo: 1 SentriLock: 1

Main Room Levels

Main Level Bathrooms: 2 Main Level Bedrooms: 3

Parking Features

Asphalt: 1 Off Street: 1 Open Parking YN: Yes

Patio And Porch Features

Covered: 1 Deck: 1

Pool Features

Electric Heat: 1 Gunite: 1 Heated: 1 Hot Tub: 1 In Ground: 1 Indoor: 1 Private: 1

Possession

Close Of Escrow: 1

Property Condition

New Construction: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Security Features

Fire Sprinkler System: 1 Smoke Detector(s): 1

Sewer

Public Sewer: 1

Utilities

Cable Connected: 1 Electricity Connected: 1 High Speed Internet Connected: 1 Natural Gas Connected: 1 Sewer Connected: 1 Water Connected: 1

View

Mountain(s): 1

Water Source

Public: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Lockbox: 1 Showing Instructions: Call/text Matt Maloney 865-719-2755

Location Tax and Legal

Street Number: 130 Street Name: Mills Park Street Suffix: Road County: Sevier State: TN Zip Code: 37738 Property Sub Type: Cabin MLS Area Major: Gatlinburg Subdivision Name: Timber Ridge

Property Features

Appliances: Dishwasher; Disposal; Double Oven; Dryer; Electric Cooktop; Electric Range; Gas Water Heater; Microwave; Range Hood; Refrigerator; Washer Architectural Style: Cabin; Chalet; Crossmod Attic Features: None Basement: None Construction Materials: Block; Fiber Cement; Frame; Log Siding; Stone; Wood Siding Cooling: Central Air; Heat Pump Exterior Features: Rain Gutters Fireplace Features: Electric; Gas Log Flooring: Luxury Vinyl; Tile Heating: Central; Heat Pump; Natural Gas Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Granite Counters; High Speed Internet; Kitchen Island; Kitchen/Dining Combo; Pantry; Soaking Tub; Solid Surface Counters; Walk-In Shower(s); Other Laundry Features: Inside; Laundry Closet; Upper Level Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lock Box Information: Combo; SentriLock Parking Features: Asphalt; Off Street Patio And Porch Features: Covered; Deck Pool Features: Electric Heat; Gunite; Heated; Hot Tub; In Ground; Indoor; Private Possession: Close Of Escrow Property Condition: New Construction Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Security Features: Fire Sprinkler System; Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Connected; Electricity Connected; High Speed Internet Connected; Natural Gas Connected; Sewer Connected; Water Connected View: Mountain(s) Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Lockbox
Listing Office: Prime Mountain Properties
Last Updated: November - 27 - 2024
Information deemed reliable but not guaranteed.