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1643 Barn Door Lane , Paradise Point

Sevierville, TN 37862
  • $1,799,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • ID#: 246850
Under Contract
UPDATED: 12 min ago
$1,799,000
  • 6
    BEDS
  • 3.18
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
  • 4,794
    SQFT
  • $375
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2018
County:
Area:

School Ratings & Info

Listing courtesy of Smoky Mountain Real Estate Corporation.


Description

Paradise Point Pool Lodge is a rare investment opportunity to purchase a 6 bedroom cabin with an indoor pool, theater room, and view on over 3 acres. Most large indoor pool cabins are crammed on top of each other with little to no privacy. That certainly isn't the case with this property! it offers 3.177 acres of privacy, views, and even a flat spot down below the cabin. The rental income is phenomenal with 2021 producing $220,391 in rental revenue and 2020 at $207,169. And this does NOT include cleaning fees, taxes, or any additional fees. The cabin itself operates as a very lucrative short term rental based on the amazing features and amenities. On the main level you'll find two huge king sized bedrooms, a huge kitchen & dining area, along with a family room with a mountain view. Upstairs includes three king sized bedrooms and one massive bunk bedroom with two sets of queen over queen bunk beds. The lower level offers the large indoor pool, generously sized theater room, and game room area. There is even an outdoor fire pit adjacent to the cabin where one can take in the mountain view and relax by the fire! The property is located in the Wears Valley area with easy access to Pigeon Forge via multiple routes such as light #10, light #6, and light #3. Just minutes from the action of the Parkway, yet a feeling of privacy and seclusion being in the mountains. The gross rental multiplier (GRM) of 8.16 (at listing price) is well under the current market average of cabins sold in Sevier County, offering an excellent investment opportunity.

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Copyright 2022 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Century 21 Legacy. Information deemed reliable but not guaranteed. Last updated 2022-01-27T10:15:33.517.
www.smokymountainhomesearch.com/homes/124625689
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1643 Barn Door Lane , Paradise Point Sevierville, TN 37862

  • Price: $1,799,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • Updated: 12 min ago
  • ID#: 246850
6
Beds
6
Baths
1
½ Baths
3.18
Acres
4,794
SQFT
$375
$/SQFT
2018
Built
Neighborhood:
On Higher Ground Phase 3
County:
Sevier
Area:
Wears Valley
Property Description
Paradise Point Pool Lodge is a rare investment opportunity to purchase a 6 bedroom cabin with an indoor pool, theater room, and view on over 3 acres. Most large indoor pool cabins are crammed on top of each other with little to no privacy. That certainly isn't the case with this property! it offers 3.177 acres of privacy, views, and even a flat spot down below the cabin. The rental income is phenomenal with 2021 producing $220,391 in rental revenue and 2020 at $207,169. And this does NOT include cleaning fees, taxes, or any additional fees. The cabin itself operates as a very lucrative short term rental based on the amazing features and amenities. On the main level you'll find two huge king sized bedrooms, a huge kitchen & dining area, along with a family room with a mountain view. Upstairs includes three king sized bedrooms and one massive bunk bedroom with two sets of queen over queen bunk beds. The lower level offers the large indoor pool, generously sized theater room, and game room area. There is even an outdoor fire pit adjacent to the cabin where one can take in the mountain view and relax by the fire! The property is located in the Wears Valley area with easy access to Pigeon Forge via multiple routes such as light #10, light #6, and light #3. Just minutes from the action of the Parkway, yet a feeling of privacy and seclusion being in the mountains. The gross rental multiplier (GRM) of 8.16 (at listing price) is well under the current market average of cabins sold in Sevier County, offering an excellent investment opportunity.
Exterior Features

Access Private DrivePaved Construction LogLog Siding Exterior Features Double Pane WindowsSurfaced DriveWooded Garage Capacity 0.00 Garage Type None Roof Metal Style CabinLog

Interior Features

Appliances DryerMicrowaveElectric RangeSmoke DetectorDishwasherRefrigeratorWasher Bonus Rooms No Cooling Central AirElectricHeat Pump Fireplace One Heating CentralHeat PumpElectric Interior Features FurnitureInside/Inground PoolRecreation RoomWood FloorsLarge Master BedroomW/D ConnectionCeiling Fan(S)Media RoomPrivate PoolWindow Treatment Sq Ft Above Grade 3196 Sq Ft Finished Basement 1598 Sq Ft Unfinished Basement 0 Stories Three Or More

Property Features

Annual Tax 3337.77 Construction Type Site Built District 06 Financial Remarks Gross Rent Does Not include Cleaning Or Other Fees Hoa Fees 250.00 Hoa Fees Payment Frequency Annually Hoa Name On Higher Ground Hoa Hoa Type Mandatory Hoa YN Yes Lot Block Unit 19R Miscellaneous Hot TubSeasonal ViewPoolPrivateMountain View Occupancy Either Owner Financing No Proposed Financing CashConventional1031 Exchange Rental Off SiteRental History Residential Type Single Family Restrictive Covenants Yes Sewer Septic SystemSeptic Permit On File Tax Year 2019 Water Utility Zoning R-1 Zoning Entity Sevier County

Copyright 2022 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Smoky Mountain Real Estate Corporation | Office Phone: 8652778115 .

Copyright 2022 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Century 21 Legacy. Information deemed reliable but not guaranteed. Last updated 2022-01-27T10:15:33.517.
 
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Century 21 Legacy
3224 East Parkway Gatlinburg
Gatlinburg TN, 37738
Listing courtesy of Smoky Mountain Real Estate Corporation.