4446 Shangrila Way, Roof Top RendezView, Sevierville, TN 37876
$1,125,000
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
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 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.
More Information MLS# 268613
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
Contract Information
Association Type: Mandatory
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
Current Price: $1,125,000
Original List Price: 1199000
Sold Price: $1,125,000
Status: Closed
Listing Contract Date: 2024-02-27
General Property Information
Lot Size Acres: 0.01
Above Grade Finished Area: 2022
Below Grade Finished Area: 892
Below Grade Unfinished Area: 368
Bathrooms Half: 1
Garage Spaces: 0
Bonus Room YN: No
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 411.46
Sold Price/SqFt: 386.07
Living Area: 2914
Bedrooms Total: 4
Bathrooms Total: 5
Bathrooms Full: 4
Year Built: 2022
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
Status Change Timestamp: 2024-04-18
Buyer Financing: Conventional
Concessions Comments: Seller paid closing costs of $21,500.00
Anticipated Closing Date: 2024-04-11
Major Change Timestamp: 2024-04-18T17:21:57Z
Major Change Type: Status Change
Purchase Contract Date: 2024-03-10
Close Date: 2024-04-15
Close Price: 1125000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Chalet: 1
Contemporary: 1
Craftsman: 1
Basement
Basement: 1
Finished: 1
Construction Materials
Frame: 1
Cooling
Central Air: 1
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Electric: 1
Heating
Heat Pump: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Private: 1
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Security Features
Smoke Detector(s): 1
Sewer
Shared Septic: 1
View
Mountain(s): 1
Water Source
Shared Well: 1
Window Features
Window Treatments: 1
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 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
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
Listing Office:
Smoky Mountain Real Estate Cor
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.