779 & 783 Park Vista Way, Gatlinburg, TN 37738
$2,400,000
Property Type:
Residential
Bedrooms:
10
Baths:
11
Square Footage:
6,060
Lot Size (sq. ft.):
436
Status:
Closed
Current Price:
$2,400,000
List Date:
4/26/2024
Last Modified:
8/27/2024
Description
TWO premier income producing properties! Located in Gatlinburg Falls Resort! Excellent rental income with a gross of $308,905 in 2023! Side-by-side cabins with a combined Occupancy of 34! Spectacular views of Mount Le Conte and the surrounding mountains. Located only 1.5 miles from the Main Parkway (Ripley's Golf) and 1.6 miles from the Gatlinburg Food City! Total of 10 bedrooms, 10.5 bathrooms, 2 game room, 2 theater rooms, and multiple covered outdoor spaces. In compliance with Gatlinburg's Short Term Rental guidelines. Both properties are very well maintenanced. 779 was built in 2009 and 783 was built in 2020! This community offers an outdoor pool and fitness center for guest use. These properties are completely turn key and would be a great addition to any investors portfolio. Inquire today for more information.
More Information MLS# 300655
Location, Tax, and Legal
City/County: City
New Construction YN: No
Restrictive Covenants YN: Yes
Zoning: R2
Zoning Entity: Gatlinburg
Parcel Number: 117 063.00
Tax Lot: 70/69
Tax Annual Amount: 9038.81
Tax Year: 2023
Contract Information
Association Type: Mandatory
Auction YN: No
Owner Name: William & Julie Mitchell
Listing Agreement: Exclusive Right To Sell
Occupancy: Overnight Only
Rental History Gross Amount 1: 309000
Rental History Year 1: 2023
Association YN: Yes
Association Fee: 202
Association Fee Frequency: Monthly
Association Name: Wise Property Solutions
Association Phone: 865-643-8989
Current Price: $2,400,000
Original List Price: 2850000
Sold Price: $2,400,000
Status: Closed
Listing Contract Date: 2024-04-26
General Property Information
Stories Total: 3
Lot Size Acres: 0.01
Above Grade Finished Area: 6060
Below Grade Finished Area: 0
Garage YN: No
Bathrooms Half: 1
Garage Spaces: 0
Fireplace YN: Yes
Bonus Room YN: No
Furnished: Furnished
Construction Type: Site Built
Planned Unit Development (PUD): Yes
View YN: Yes
List Price/SqFt: 470.3
Sold Price/SqFt: 396.04
Living Area: 6060
Bedrooms Total: 10
Bathrooms Total: 11
Bathrooms Full: 10
Year Built: 2020
Remarks and Miscellaneous
Public Remarks: TWO premier income producing properties! Located in Gatlinburg Falls Resort! Excellent rental income with a gross of $308,905 in 2023! Side-by-side cabins with a combined Occupancy of 34! Spectacular views of Mount Le Conte and the surrounding mountains. Located only 1.5 miles from the Main Parkway (Ripley's Golf) and 1.6 miles from the Gatlinburg Food City! Total of 10 bedrooms, 10.5 bathrooms, 2 game room, 2 theater rooms, and multiple covered outdoor spaces. In compliance with Gatlinburg's Short Term Rental guidelines. Both properties are very well maintenanced. 779 was built in 2009 and 783 was built in 2020! This community offers an outdoor pool and fitness center for guest use. These properties are completely turn key and would be a great addition to any investors portfolio. Inquire today for more information.
Directions: From 321 Parkway, when entering Gatlinburg Gatlinburg take a left at the first traffic light 2A Dudley Creek Rd/Ridge Rd. Travel 1 mile to a stop sign, take a right to stay on Dudley Creek Rd. Travel .3 miles and take a left onto Cheshire Ct. Then take your first right onto Park Vista Way. Follow around and stay to your left to stay on Park Vista Way. Travel .015 of a mile to Park Vista Way on your left. The cabins will be the first and second property on your left.
Status Change Information
Status Change Timestamp: 2024-08-08
Buyer Financing: Cash
Anticipated Closing Date: 2024-08-06
Major Change Timestamp: 2024-08-08T21:28:09Z
Major Change Type: Status Change
Purchase Contract Date: 2024-07-12
Close Date: 2024-08-06
Close Price: 2400000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Log: 1
Association Amenities
Clubhouse: 1
Maintenance Grounds: 1
Pool: 1
Recreation Facilities: 1
Association Fee Includes
Maintenance Grounds: 1
Roads: 1
Sewer: 1
Attic Features
Access Only: 1
Basement
Basement: 1
Finished: 1
Community Features
Fitness Center: 1
Pool: 1
Construction Materials
Block: 1
Frame: 1
Log: 1
Wood Siding: 1
Cooling
Heat Pump: 1
Current Use
Investment: 1
Residential: 1
Single Family: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Fireplaces Total: 2
Electric: 1
Flooring
Carpet: 1
Hardwood: 1
Tile: 1
Other: 1
Foundation Details
Combination: 1
Slab: 1
Heating
Heat Pump: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Walk-In Closet(s): 1
Walk-In Shower(s): 1
Levels
Tri-Level: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other: 1
Lot Features
City Lot: 1
Landscaped: 1
Parking Features
Asphalt: 1
Paved: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
Community: 1
In Ground: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Road: 1
Road Surface Type
Paved: 1
Sewer
Shared Septic: 1
Utilities
High Speed Internet Available: 1
Internet Available: 1
View
Mountain(s): 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Location Tax and Legal
Street Number: 779 & 783
Street Name: Park Vista
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Subdivision Name: Gatlinburg Falls
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Architectural Style: Cabin; Log
Association Amenities: Clubhouse; Maintenance Grounds; Pool; Recreation Facilities
Association Fee Includes: Maintenance Grounds; Roads
Attic Features: Access Only
Basement: Basement; Finished
Community Features: Fitness Center; Pool
Construction Materials: Block; Frame; Log; Wood Siding
Cooling: Heat Pump
Current Use: Investment; Residential; Single Family
Exterior Features: Rain Gutters
Fireplace Features: Electric
Flooring: Carpet; Hardwood; Tile; Other
Foundation Details: Combination; Slab
Heating: Heat Pump
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Walk-In Closet(s); Walk-In Shower(s)
Levels: Tri-Level
Listing Terms: 1031 Exchange; Cash; Conventional; Other
Lot Features: City Lot; Landscaped
Parking Features: Asphalt; Paved
Patio And Porch Features: Covered; Deck
Pool Features: Community; In Ground
Possession: Close Of Escrow
Road Frontage Type: Road
Road Surface Type: Paved
Sewer: Shared Septic
Utilities: High Speed Internet Available; Internet Available
View: Mountain(s)
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office:
TN Smoky Mtn Realty
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.