1940 Wears Valley Road, Sevierville, TN 37862 (MLS# 311491)

1940 Wears Valley Road, Sevierville, TN 37862

$3,400,000
Property Type: Residential Bedrooms: 7 Baths: 16 Square Footage: 10,578 Lot Size (sq. ft.): 897,336 Status: Active
Current Price: $3,400,000 List Date: 4/24/2026 Last Modified: 5/12/2026

Overview

Description

MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL! This rare offering includes five established STR cabins currently operating on the overnight rental program, along with multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for additional build sites--creating an opportunity to expand your portfolio. Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEE ...

Listing Details MLS# 311491

General Property Information

Stories Total
2
Lot Size Acres
20.6
Living Area
10578
Above Grade Finished Area
10578
Bedrooms Total
7
Bathrooms Total
16
Bathrooms Full
13
Bathrooms Half
3
Garage YN
No
Fireplace YN
Yes
Year Built
1968
Bonus Room YN
Yes
Number of Bonus Rooms
5
Bonus Room Type(s)
flex rooms
Furnished
Furnished
Waterfront YN
Yes
List Price/SqFt
321.42
Below Grade Finished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Cabin; Chalet; Log Basement: Finished; Walk-Out Access Construction Materials: Block; Frame; Log; Wood Siding Cooling: Central Air; Heat Pump Documents: Lead Based Paint Disclosure; TN Confirmation of Agency; TN Prop Residential Condition Disc or Ex Fireplace Features: Electric; Other Flooring: Carpet; Hardwood; Tile Frontage Type: Waterfront; See Remarks Heating: Central; Heat Pump Interior Features: Cathedral Ceiling(s); Kitchen/Dining Combo; Living/Dining Combo; Soaking Tub Levels: Two Listing Terms: Cash; Conventional Lock Box Information: See Remarks Lot Features: Views; Waterfront; Wooded; See Remarks Other Structures: Gazebo Parking Features: Asphalt; Off Street Patio And Porch Features: Covered; Deck; Porch Pool Features: Hot Tub Possession: Close Of Escrow Rental: Off Site; Rental History Roof: Metal Sewer: Septic Tank Water Source: Well Waterfront Features: Creek; Stream; Waterfront Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
1940
Street Name
Wears Valley
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37862
Property Sub Type
Single Family Residence
MLS Area Major
Sevierville
Subdivision Name
Other

Contract Information

Original List Price
3400000
Listing Contract Date
2026-04-23
Auction YN
No
Owner Name
Affairs By Closman LLC Ollies Trolley Stop LLC
Listing Agreement
Exclusive Agency
Occupancy
Either
Association YN
No

Remarks and Miscellaneous

Public Remarks
MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL! This rare offering includes five established STR cabins currently operating on the overnight rental program, along with multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for additional build sites--creating an opportunity to expand your portfolio. Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEEP ROADS--an extremely desirable and rare feature for guests and investors alike. Guests will love the peaceful creekside setting, paved access throughout, and the privacy of a true mountain retreat while still being close to everything the Smokies have to offer. Cabin configurations currently include a mix of 1BR, 3BR, 4BR, and 7BR units, allowing for a diverse rental strategy targeting couples, families, and large groups. Whether you're looking to scale an existing STR portfolio or develop a high-performing investment community from the ground up, this property delivers flexibility, location, and long-term upside.
Directions
Take Hwy 66 towards Pigeon Forge Take a Right on to Wears Valley Road property on R. See sign.

Status Change Information

Major Change Timestamp
2026-04-24T22:04:23Z
Major Change Type
New Listing
Status Change Timestamp
2026-04-24

More Information

Fireplace Features

Fireplaces Total
3
Electric
Yes
Other
Yes

Showing Requirements

Showing Instructions
Call or Text 865-659-0254
Call Listing Agent
Yes

Location, Tax, and Legal

New Construction YN
No
Restrictive Covenants YN
No
Zoning
R1
Zoning Entity
Sevier County
Parcel Number
104 01000 000
Tax Lot
TR-2
Tax Annual Amount
8363.11
Tax Year
2025

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes

Architectural Style

Cabin
Yes
Chalet
Yes
Log
Yes

Basement

Finished
Yes
Walk-Out Access
Yes

Construction Materials

Block
Yes
Frame
Yes
Log
Yes
Wood Siding
Yes

Cooling

Central Air
Yes
Heat Pump
Yes

Documents

Lead Based Paint Disclosure
Yes
TN Confirmation of Agency
Yes
TN Prop Residential Condition Disc or Ex
Yes

Flooring

Carpet
Yes
Hardwood
Yes
Tile
Yes

Frontage Type

Waterfront
Yes
See Remarks
Yes

Heating

Central
Yes
Heat Pump
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Kitchen/Dining Combo
Yes
Living/Dining Combo
Yes
Soaking Tub
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lock Box Information

See Remarks
Yes

Lot Features

Views
Yes
Waterfront
Yes
Wooded
Yes
See Remarks
Yes

Other Structures

Gazebo
Yes

Parking Features

Asphalt
Yes
Off Street
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Porch
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Rental

Off Site
Yes
Rental History
Yes

Roof

Metal
Yes

Sewer

Septic Tank
Yes

Water Source

Well
Yes

Waterfront Features

Creek
Yes
Stream
Yes
Waterfront
Yes

Documents

Listing Office: Tennessee Elite Realty
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.
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