1940 Wears Valley Road, Sevierville, TN 37862
- $3,400,000
- 7
- BD
- 16
- BA
- 10,578
- SqFt
- List Price
- $3,400,000
- Status
- ACTIVE
- MLS#
- 311491
- Bedrooms
- 7
- Full-baths
- 13
- Half-baths
- 3
- Sq. Ft
- 10,578
- Acres
- 20.60
- Year Built
- 1968
- Subdivision
- Other
Property Description
MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL! This rare offering includes five established STR cabins currently operating on the overnight rental program, along with multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for additional build sites--creating an opportunity to expand your portfolio. Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEEP ROADS--an extremely desirable and rare feature for guests and investors alike. Guests will love the peaceful creekside setting, paved access throughout, and the privacy of a true mountain retreat while still being close to everything the Smokies have to offer. Cabin configurations currently include a mix of 1BR, 3BR, 4BR, and 7BR units, allowing for a diverse rental strategy targeting couples, families, and large groups. Whether you're looking to scale an existing STR portfolio or develop a high-performing investment community from the ground up, this property delivers flexibility, location, and long-term upside.
Additional Information
- Price Per Sqft
- $321
- Days on Market
- 96
- Annual Tax
- 8363
- Tax Year
- 2025
- Style
- Cabin, Chalet, Log
- Stories
- Two
- Interior Features
- Cathedral Ceiling(s), Soaking Tub, Kitchen/Dining Combo, Living/Dining Combo
- Appliances
- Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Basement
- Finished, Walk-Out Access
- Roof
- Metal
- Garage Type
- Asphalt, Off Street
- Fireplace Type
- Electric, Other
- Heating
- Central, Heat Pump
- Cooling
- Central Air, Heat Pump
- Sewer
- Septic Tank
- Water
- Well
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Listing courtesy of Tennessee Elite Realty.
Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .