856 Resort Way, Gatlinburg, TN 37738

$973,500
Property Type: Residential Bedrooms: 3 Baths: 5 Square Footage: 3,536 Status: Closed
Current Price: $973,500 List Date: 10/14/2021 Last Modified: 8/27/2024

Overview

Description

Beautiful 3 bedroom, 3 bath, 2 half bath luxury rental cabin, located in Gatlinburg's premier log home resort of Gatlinburg Falls. The Pinnacle Lodge is a new cabin that was completed in February 2018 and is located five minutes from Gatlinburg and 10-15 minutes from Pigeon Forge depending on traffic. Year to date gross rental income is already 89k and is projected to make 107k for the year of 2021! This cabin comes fully furnished. The main floor is home to the open concept living room, dining area & kitchen. Beautiful electric fireplace surrounded by stone in the living room. The basement is devoted to the game area with pool table, air hockey machine and sleeper sofa. Owner went over the top on the theater room with large 110" projector screen and projector and plenty of relaxing sofas to relax and watch a movie. The upper level has 3 bedrooms all which include a large bathroom with glass shower doors and granite vanities. Beautiful mountain views from the porches. Gatlinburg Falls ...

Listing Details MLS# 245551

General Property Information

Living Area
3536
Above Grade Finished Area
2704
Below Grade Finished Area
832
Bedrooms Total
3
Bathrooms Total
5
Bathrooms Full
3
Bathrooms Half
2
Garage YN
No
Year Built
2018
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
332.8
Sold Price/SqFt
360.02
Lot Size Acres
0
Below Grade Unfinished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Architectural Style: Cabin Association Amenities: Pool Association Fee Includes: Insurance; Maintenance Grounds; Roads; Water Basement: Basement; Finished; Full Construction Materials: Wood Siding Cooling: Central Air; Electric Fireplace Features: Electric Flooring: Wood Heating: Central Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Patio And Porch Features: Deck Possession: Close Of Escrow Rental: Off Site Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Shared Septic View: Mountain(s) Water Source: Private Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number
856
Street Name
Resort
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Single Family Residence
MLS Area Major
Gatlinburg
Subdivision Name
Gatlinburg Falls

Contract Information

Original List Price
899900
Listing Contract Date
2021-10-14
Owner Name
SHIELDS PROPERTY INVESTMENTS LLC
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Common Interest
Planned Development
Rental History Gross Amount 1
89000
Association YN
Yes
Association Fee
270
Association Fee Frequency
Monthly
Association Name
Wise Property Solutions
Association Email
services@wisepropertysolutions.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
Beautiful 3 bedroom, 3 bath, 2 half bath luxury rental cabin, located in Gatlinburg's premier log home resort of Gatlinburg Falls. The Pinnacle Lodge is a new cabin that was completed in February 2018 and is located five minutes from Gatlinburg and 10-15 minutes from Pigeon Forge depending on traffic. Year to date gross rental income is already 89k and is projected to make 107k for the year of 2021! This cabin comes fully furnished. The main floor is home to the open concept living room, dining area & kitchen. Beautiful electric fireplace surrounded by stone in the living room. The basement is devoted to the game area with pool table, air hockey machine and sleeper sofa. Owner went over the top on the theater room with large 110" projector screen and projector and plenty of relaxing sofas to relax and watch a movie. The upper level has 3 bedrooms all which include a large bathroom with glass shower doors and granite vanities. Beautiful mountain views from the porches. Gatlinburg Falls Resort features an outdoor pool, conference center and wedding facility. This unit has privacy at the end of the road with plenty of parking. Property being sold AS-IS. SELLER HAS DISCLOSED MULTIPLE OFFERS. HIGHEST AND BEST DUE BY WEDNESDAY NOVEMBER 10TH AT NOON.
Directions
Start out going north on Ridge Rd toward Oak Ridge Rd. Then 0.04 miles Take the 1st left to stay on Ridge Rd. Then 0.27 miles Turn right onto Cheshire Ct. Cheshire Ct is 0.1 miles past Old Ridge Rd. Then 0.06 miles Take the 1st right onto Park Vista Way. Then 0.12 miles Stay straight to go onto Resort Way.

Status Change Information

Major Change Timestamp
2022-01-12T17:58:53Z
Major Change Type
Status Change
Status Change Timestamp
2022-01-12
Purchase Contract Date
2021-11-10
Close Date
2022-01-12
Close Price
973500
Buyer Financing
Conventional
Anticipated Closing Date
2021-12-16

More Information

Fireplace Features

Fireplaces Total
Yes
Electric
Yes

Showing Requirements

Showing Instructions
Cabin is on an overnight rental program. Call Jessica James at 865-719-0674 for showing availability. Buyer to verify all information including square footage.
Appointment Only
Yes
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-2
Zoning Entity
Gatlinburg
Tax Lot
18
Book/Page/Doc #
4909, 467
Tax Annual Amount
1460
Tax Year
2019

Appliances

Dishwasher
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes

Architectural Style

Cabin
Yes

Association Amenities

Pool
Yes

Association Fee Includes

Insurance
Yes
Maintenance Grounds
Yes
Roads
Yes
Sewer
Yes
Water
Yes

Basement

Basement
Yes
Finished
Yes
Full
Yes

Construction Materials

Wood Siding
Yes

Cooling

Central Air
Yes
Electric
Yes

Flooring

Wood
Yes

Heating

Central
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Patio And Porch Features

Deck
Yes

Possession

Close Of Escrow
Yes

Rental

Off Site
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Shared Septic
Yes

View

Mountain(s)
Yes

Water Source

Private
Yes
Listing Office: Mountain Home Realty
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.