4446 Shangrila Way, Roof Top RendezView, Sevierville, TN 37876 (MLS# 268613)

4446 Shangrila Way, Roof Top RendezView, Sevierville, TN 37876

$1,125,000

Virtual Tour

http://tour.usamls.net/4446-Shangrila-Way-Sevierville-TN-37876/unbranded

Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,914 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $1,125,000 List Date: 2/28/2024 Last Modified: 8/30/2024

Overview

Description

“Rooftop RendezView” presents an incredible opportunity to purchase a recently built mountain view rental cabin with the best location between Pigeon Forge and Gatlinburg (only a 2 – 3 mile drive to both!) with no crazy steep roads on the one-mile route to/from the Parkway. From the spacious distinctive rooftop deck, see magnificent views of the Smoky Mountains from this large 3 story cabin. This is no cookie-cutter square cabin as it was built in the popular mountain modern style with amenities that make this cabin stand out from the rest, including a private theater room with tiered plush theater-style seating for 8 and huge 85-inch Sony 4K TV; a game room with a pool table, air hockey, and Multicade with many classic games; unique modern linear gas fireplace; flat parking for 4 vehicles; EV charger; fast Wifi; relaxing large hot tub; and a rooftop deck with a 81” long resort-style gas firepit table with enough seating options for 12 guests. Dream kitchen with stainless steel ... (Read more) “Rooftop RendezView” presents an incredible opportunity to purchase a recently built mountain view rental cabin with the best location between Pigeon Forge and Gatlinburg (only a 2 – 3 mile drive to both!) with no crazy steep roads on the one-mile route to/from the Parkway. From the spacious distinctive rooftop deck, see magnificent views of the Smoky Mountains from this large 3 story cabin. This is no cookie-cutter square cabin as it was built in the popular mountain modern style with amenities that make this cabin stand out from the rest, including a private theater room with tiered plush theater-style seating for 8 and huge 85-inch Sony 4K TV; a game room with a pool table, air hockey, and Multicade with many classic games; unique modern linear gas fireplace; flat parking for 4 vehicles; EV charger; fast Wifi; relaxing large hot tub; and a rooftop deck with a 81” long resort-style gas firepit table with enough seating options for 12 guests. Dream kitchen with stainless steel appliances, granite countertops, massive island with seating and long dining table. Rooftop RendezView has enough room for multiple families in the cabin's four bedrooms (three kings and one queen), each having a dedicated full ensuite bathroom and flat screen TV. Two of the bedrooms have additional sleeping options to get the sleeping occupancy up to 12 - a full size pullout sofa in the main floor bedroom and a twin daybed with a twin trundle in the upper floor bedroom. The current meticulous housekeeping and maintenance crews can continue maintaining the cabin and the Superhost owner is willing to transfer reservations and her knowledge to the lucky new owners so the cabin is ready for rental on day 1 of ownership. The rental income is excellent with rental revenues of $237K since it was officially launched in mid-April 2022 through January 2024 ($208K excluding cleaning fee revenue). 2023 rental revenues did not disappoint with $127K ($111K excluding cleaning fee revenue) since 2023 was considered a down year after the Covid boom. Current owners are selling the cabin to invest the proceeds in building a large cabin on a lot they have already purchased. This cabin checks all of the boxes for a productive cabin investment in our area including a convenient location, no steep roads, mountain view, distinctive amenities, recent (2022) high end quality construction, and an outstanding rental performer with a guest favorite designation on Airbnb and a perfect 5 stars from all 21 Airbnb guest reviews.

Listing Details MLS# 268613

General Property Information

Lot Size Acres: 0.01
Living Area: 2914
Above Grade Finished Area: 2022
Below Grade Finished Area: 892
Below Grade Unfinished Area: 368
Bedrooms Total: 4
Bathrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: Yes
Year Built: 2022
Bonus Room YN: No
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Furnished: Furnished
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 411.46
Sold Price/SqFt: 386.07
Garage Spaces: 0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Cabin; Chalet; Contemporary; Craftsman Basement: Basement; Finished Construction Materials: Frame Cooling: Central Air; Electric Exterior Features: Rain Gutters Fireplace Features: Electric Heating: Heat Pump Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Solid Surface Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Private Parking Features: Driveway; Paved Patio And Porch Features: Deck Pool Features: Hot Tub Possession: Close Of Escrow Road Surface Type: Paved Security Features: Smoke Detector(s) Sewer: Shared Septic View: Mountain(s) Water Source: Shared Well Window Features: Window Treatments

Location Tax and Legal

Street Number: 4446
Street Name: Shangrila
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Single Family Residence
MLS Area Major: Pigeon Forge
Subdivision Name: Mountain Shangrila

Contract Information

Original List Price: 1199000
Listing Contract Date: 2024-02-27
Owner Name: Shangrila Lot 9 LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Common Interest: Planned Development
Rental History Gross Amount 1: 127000
Rental History Year 1: 2023
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Monthly
Association Name: Mountain Shangrila HOA
Association Email: n/a
Association Type: Mandatory

Remarks and Miscellaneous

Public Remarks: “Rooftop RendezView” presents an incredible opportunity to purchase a recently built mountain view rental cabin with the best location between Pigeon Forge and Gatlinburg (only a 2 – 3 mile drive to both!) with no crazy steep roads on the one-mile route to/from the Parkway. From the spacious distinctive rooftop deck, see magnificent views of the Smoky Mountains from this large 3 story cabin. This is no cookie-cutter square cabin as it was built in the popular mountain modern style with amenities that make this cabin stand out from the rest, including a private theater room with tiered plush theater-style seating for 8 and huge 85-inch Sony 4K TV; a game room with a pool table, air hockey, and Multicade with many classic games; unique modern linear gas fireplace; flat parking for 4 vehicles; EV charger; fast Wifi; relaxing large hot tub; and a rooftop deck with a 81” long resort-style gas firepit table with enough seating options for 12 guests. Dream kitchen with stainless steel appliances, granite countertops, massive island with seating and long dining table. Rooftop RendezView has enough room for multiple families in the cabin's four bedrooms (three kings and one queen), each having a dedicated full ensuite bathroom and flat screen TV. Two of the bedrooms have additional sleeping options to get the sleeping occupancy up to 12 - a full size pullout sofa in the main floor bedroom and a twin daybed with a twin trundle in the upper floor bedroom. The current meticulous housekeeping and maintenance crews can continue maintaining the cabin and the Superhost owner is willing to transfer reservations and her knowledge to the lucky new owners so the cabin is ready for rental on day 1 of ownership. The rental income is excellent with rental revenues of $237K since it was officially launched in mid-April 2022 through January 2024 ($208K excluding cleaning fee revenue). 2023 rental revenues did not disappoint with $127K ($111K excluding cleaning fee revenue) since 2023 was considered a down year after the Covid boom. Current owners are selling the cabin to invest the proceeds in building a large cabin on a lot they have already purchased. This cabin checks all of the boxes for a productive cabin investment in our area including a convenient location, no steep roads, mountain view, distinctive amenities, recent (2022) high end quality construction, and an outstanding rental performer with a guest favorite designation on Airbnb and a perfect 5 stars from all 21 Airbnb guest reviews.
Directions: From HWY 441 (SPUR) take Gnatty branch road. In one mile turn left into Mountain Shangri-La. in .2 cabin will be on your right.

Status Change Information

Major Change Timestamp: 2024-04-18T17:21:57Z
Major Change Type: Status Change
Status Change Timestamp: 2024-04-18
Purchase Contract Date: 2024-03-10
Close Date: 2024-04-15
Close Price: 1125000
Buyer Financing: Conventional
Concessions Comments: Seller paid closing costs of $21,500.00
Anticipated Closing Date: 2024-04-11

More Information

Showing Requirements

Showing Instructions: To show text Gina 865-257-7105 or call list office. "ROOF TOP RENDEZVIEW" All listing information deemed reliable but not guaranteed, buyer should verify all information independently. Linens, towels, cable, Wi-Fi equipment, and items in the owners' closets do not convey.

Historical Information

Public Historical Remarks: Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Street Additional Info: Roof Top RendezView
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 9
Book/Page/Doc #: 5895, 34
Tax Annual Amount: 2178.56
Tax Year: 2022

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Architectural Style

Cabin: Yes
Chalet: Yes
Contemporary: Yes
Craftsman: Yes

Basement

Basement: Yes
Finished: Yes

Construction Materials

Frame: Yes

Cooling

Central Air: Yes
Electric: Yes

Exterior Features

Rain Gutters: Yes

Fireplace Features

Electric: Yes

Heating

Heat Pump: Yes

Interior Features

Cathedral Ceiling(s): Yes
Ceiling Fan(s): Yes
Great Room: Yes
High Speed Internet: Yes
Solid Surface Counters: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Levels

Three Or More: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Private: Yes

Parking Features

Driveway: Yes
Paved: Yes

Patio And Porch Features

Deck: Yes

Pool Features

Hot Tub: Yes

Possession

Close Of Escrow: Yes

Road Surface Type

Paved: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Shared Septic: Yes

View

Mountain(s): Yes

Water Source

Shared Well: Yes

Window Features

Window Treatments: Yes

Listing Office: Smoky Mountain Real Estate Cor

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

Geoff Hill, Realtor Lic. No. 322967 Prime Mountain Properties, Lic. No. 259072

4446 Shangrila Way, Roof Top RendezView, Sevierville, TN 37876 (MLS# 268613)