4 Beds
3 Baths
4,800 SqFt
4 Beds
3 Baths
4,800 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $406
Subdivision Sevier County - 27
MLS Listing ID 1333227
Style Other,Cottage,Cabin
Bedrooms 4
Full Baths 3
Year Built 1995
Annual Tax Amount $1,947
Lot Size 23.740 Acres
Acres 23.74
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
**Opportunities of this scale are becoming increasingly rare in the Smoky Mountains.** Set on 23.74 private acres, this exceptional income-producing **hospitality estate** offers the rare combination of an established short-term rental, outstanding privacy, resort-style amenities, and the opportunity to create **a destination within one of America's premier vacation destinations.**
Designed to comfortably accommodate large groups with **six distinct sleeping areas**, the property delivers an experience that extends far beyond a traditional mountain retreat. Guests can enjoy the private pickleball court, swimming pool, hot tub, private pond, pool table, shuffleboard, foosball, expansive gathering spaces, and the privacy and natural beauty that continue to make the Smoky Mountains one of the nation's most sought-after travel destinations.
The existing residence provides immediate income potential while serving as the foundation for an even greater vision. A preliminary development concept has been prepared illustrating the potential for **at least 13 additional units**. The concept has been designed to conform with current planning guidance for average slope and minimum lot size requirements, providing a strong framework for buyers exploring future expansion.
What truly separates this property is its exceptional flexibility. Buyers can continue operating the existing income-producing retreat, create a private mountain estate or family compound, thoughtfully expand the property over time while maintaining ongoing revenue, develop additional accommodations for long-term ownership, or pursue a phased development strategy that creates multiple future exit opportunities. Few properties combine immediate operational income with the ability to adapt to so many different ownership and investment objectives.
The expansive acreage is the true differentiator. While the existing improvements provide immediate operational value, the land creates the opportunity to thoughtfully enhance the guest experience through future amenities and additional accommodations or to execute a larger development vision. Whether the objective is to build and hold, build and sell, create a legacy estate, or maximize long-term value through strategic development, the property offers a level of optionality that is exceptionally difficult to duplicate in today's Smoky Mountain market.
Ideally located just minutes from Pigeon Forge, Dollywood, Gatlinburg, Great Smoky Mountains National Park, shopping, dining, and area attractions, the property offers the rare balance of seclusion and convenience that today's homeowners, developers, hospitality operators, and investors all value.
Properties offering nearly 24 acres, established income, resort-style amenities, documented expansion potential, and multiple ownership and exit pathways are exceptionally uncommon. Historical operating information, financial projections, preliminary development materials, and conceptual expansion information are available upon request.
Full Offering Memorandum available upon request.
Location
State TN
County Sevier County - 27
Area Sevier County - 27
Direction Put 1627 Mountain Dreams Way in GPS - From the Parkway in Pigeon Forge take Connor Heights Rd (red light #10) and follow for 0.5 miles and continue onto Mill Creek Rd. Follow Mill Creek Rd for 1.7 miles then turn left to stay on Mill Creek Rd. Continue on Mill Creek for 0.7 miles to Laurel Lick and follow for 1 mile to Mountain Dreams Way. Follow for approximately 0.5 miles to property on the right.
Rooms
Basement Crawl Space
Interior
Interior Features Walk-In Closet(s), Cathedral Ceiling(s), Eat-in Kitchen
Heating Central, Propane, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Other, Carpet, Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Stone, Gas Log
Fireplace Yes
Exterior
Parking Features Main Level
Pool Pool - Swim(Abv Grd), Pool - Swim (Ingrnd)
Water Access Desc Private
View Mountain View, Country Setting, Wooded, Seasonal Mountain
Building
Lot Description Pond, Creek, Wooded, Level, Rolling Slope
Sewer Septic Tank
Architectural Style Other, Cottage, Cabin
Schools
Elementary Schools Pigeon Forge
Middle Schools Pigeon Forge
High Schools Pigeon Forge
NEARBY SCHOOL & BUSINESS
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Agent License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN 37922, United States