3023 Ridgetop Resort Way Way, Pigeon Forge, TN 37863

$1,200,000
Property Type: Residential Bedrooms: 5 Baths: 7 Square Footage: 2,904 Status: Closed
Current Price: $1,200,000 List Date: 10/21/2024 Last Modified: 12/13/2024

Overview

Description

OVER 200k RENTAL INCOME. One of the largest properties in the neighborhood. Nestled just minutes from the heart of Pigeon Forge, this stunning cabin is a premier getaway that has captivated visitors and generated over $200,000 in rental revenue in 2023. With 5 spacious bedrooms and 5 luxurious bathrooms, it comfortably accommodates large groups or families, making it the perfect retreat for unforgettable vacations. Guests will love the inviting game room, featuring a poker table, arcade games, and theater room perfect for evening entertainment and friendly competitions. The indoor swimming pool offers year-round enjoyment, allowing guests to take a refreshing dip regardless of the season. Surrounded by the natural beauty of the Smoky Mountains, this cabin boasts modern amenities and rustic charm, creating a warm and welcoming atmosphere. Whether relaxing on the expansive deck, soaking in the hot tub, or exploring nearby attractions, this property offers an exceptional experience ...

Listing Details MLS# 303486

General Property Information

Stories Total
2
Living Area
2904
Above Grade Finished Area
1936
Below Grade Finished Area
968
Bedrooms Total
5
Bathrooms Total
7
Bathrooms Full
5
Bathrooms Half
2
Garage YN
No
Fireplace YN
Yes
Year Built
2022
Bonus Room YN
No
List Price/SqFt
430.44
Sold Price/SqFt
413.22
Lot Size Acres
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Electric Cooktop; Microwave; Refrigerator Architectural Style: Cabin; Contemporary Basement: Basement; Finished; Walk-Out Access Common Walls: No Common Walls Construction Materials: Frame; Log Siding; Stone Cooling: Central Air; Heat Pump Current Financing: Conventional; Other Documents Available: Covenants; Property Disclosure Fireplace Features: Electric Flooring: Luxury Vinyl; Tile Heating: Heat Pump Interior Features: Ceiling Fan(s); Granite Counters; High Speed Internet; Kitchen Island; Walk-In Shower(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: Asphalt Patio And Porch Features: Covered; Deck; Porch Pool Features: Indoor Possession: Close Of Escrow Rental: Rental History; Self Managed Road Surface Type: Paved Roof: Composition; Metal Sewer: Public Sewer Utilities: Cable Available; High Speed Internet Available; Sewer Connected; Water Connected Water Source: Public Showing Considerations: See Remarks Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
3023
Street Name
Ridgetop Resort Way
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Other

Contract Information

Original List Price
1350000
Listing Contract Date
2024-10-21
Auction YN
No
Owner Name
Akarat LLC
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Rental History Gross Amount 1
207868
Rental History Year 1
2023
Association YN
Yes
Association Fee
125
Association Fee Frequency
Monthly
Association Name
The Ridgetop Resort Owner's Association, Inc
Association Phone
865-908-1097
Association Email
darlene@perrysmithdevelopment.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
OVER 200k RENTAL INCOME. One of the largest properties in the neighborhood. Nestled just minutes from the heart of Pigeon Forge, this stunning cabin is a premier getaway that has captivated visitors and generated over $200,000 in rental revenue in 2023. With 5 spacious bedrooms and 5 luxurious bathrooms, it comfortably accommodates large groups or families, making it the perfect retreat for unforgettable vacations. Guests will love the inviting game room, featuring a poker table, arcade games, and theater room perfect for evening entertainment and friendly competitions. The indoor swimming pool offers year-round enjoyment, allowing guests to take a refreshing dip regardless of the season. Surrounded by the natural beauty of the Smoky Mountains, this cabin boasts modern amenities and rustic charm, creating a warm and welcoming atmosphere. Whether relaxing on the expansive deck, soaking in the hot tub, or exploring nearby attractions, this property offers an exceptional experience that keeps guests coming back year after year. Ideal for creating lasting memories, this cabin is truly a gem in the Pigeon Forge area.
Directions
Follow Teaster Road to Ridge Road. GPS address: 3037 Ridgetop Resort Way, Pigeon Forge, TN 37863

Status Change Information

Major Change Timestamp
2024-12-13T21:18:51Z
Major Change Type
Status Change
Price Change Timestamp
2024-10-25T18:41:46Z
Status Change Timestamp
2024-12-13
Purchase Contract Date
2024-10-29
Close Date
2024-12-02
Close Price
1200000
Buyer Financing
Conventional
Anticipated Closing Date
2024-12-02

More Information

Fireplace Features

Fireplaces Total
Yes
Electric
Yes

Location, Tax, and Legal

New Construction YN
No
Restrictive Covenants YN
Yes
Zoning
residential
Zoning Entity
R2
Parcel Number
083 125.00
Tax Lot
/3-19
Tax Annual Amount
4808
Tax Year
2023
City Tax
482.85
County Tax
4325.74

Appliances

Dishwasher
Yes
Electric Cooktop
Yes
Microwave
Yes
Refrigerator
Yes

Architectural Style

Cabin
Yes
Contemporary
Yes

Basement

Basement
Yes
Finished
Yes
Walk-Out Access
Yes

Common Walls

No Common Walls
Yes

Construction Materials

Frame
Yes
Log Siding
Yes
Stone
Yes

Cooling

Central Air
Yes
Heat Pump
Yes

Current Financing

Conventional
Yes
Other
Yes

Documents Available

Covenants
Yes
Property Disclosure
Yes

Flooring

Luxury Vinyl
Yes
Tile
Yes

Heating

Heat Pump
Yes

Interior Features

Ceiling Fan(s)
Yes
Granite Counters
Yes
High Speed Internet
Yes
Kitchen Island
Yes
Walk-In Shower(s)
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Parking Features

Asphalt
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Porch
Yes

Pool Features

Indoor
Yes

Possession

Close Of Escrow
Yes

Rental

Rental History
Yes
Self Managed
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes
Metal
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes
High Speed Internet Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Showing Considerations

See Remarks
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Office: eXp Realty, LLC 7720
Last Updated: December - 13 - 2024
Information deemed reliable but not guaranteed.