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For sale
  • Price cut: $5K (5/29)
    $749,999

    1540 Rainbow Ridge Way, Sevierville, TN 37862

    4beds
    2,246sqft
    : Get pre-qualified
    Single Family Residence, Residential
    Built in 2005
    -- sqft lot
    $729,600 Zestimate®
    $334/sqft
    $100/mo HOA

    What's special

    Mountain viewsFully furnished cabinCovered front porchOutdoor diningFloor-to-ceiling stacked-stone fireplaceFour private en-suite bedroomsAmple cabinetry
    Turnkey Smoky Mountain investment cabin with four private en-suite bedrooms - a layout multi-family groups specifically search for, and one that commands premium nightly rates. Generating roughly $74,000 over the last 12 months, with upside to $100,000+ once fully optimized. Tucked into a quiet Sevierville neighborhood just behind the Tanger Outlets, this fully furnished cabin gives guests the mountain getaway feel while keeping them minutes from Dollywood, the Parkway, dining, and the attractions families come to the Smokies for. Easy access, real privacy, and a proven location. Inside, 2,246 square feet spread across three levels deliver the space and separation larger groups want. Two king suites - each with a jacuzzi tub and private bath, anchor the home, joined by two additional queen bedrooms with their own en-suite baths. Every bedroom is a private retreat. The great room is the showpiece: soaring cathedral ceilings and a floor-to-ceiling stacked-stone fireplace that creates a true mountain-lodge atmosphere. The kitchen is built for gatherings, with granite countertops, stainless appliances, and ample cabinetry. Downstairs, the lower-level game room - arcade games, air hockey, extra seating, and a second fireplace - keeps every age group entertained on a rainy mountain afternoon. Step outside to two covered back decks, a covered front porch, mountain views, outdoor dining, and a six-person hot tub - the spaces guests remember and review. Recent updates including the HVAC system and a new water heater mean lower surprises and easier ownership from day one. Strong location, a rare four-suite layout, and turnkey furnishings make this a well-positioned short-term rental ready to keep performing. Ask for the rental history and projections.
    83 days
    |
    422
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeana Maddux 423-584-9466,

    eXp Realty, LLC 7765 888-519-5113

    Source: GSMAR, GSMMLS,MLS#: 310544MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 1
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
      Features
      • Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Great Room
      • Flooring: Carpet, Wood
      • Basement: Finished
      • Number of fireplaces: 2
      • Fireplace features: Electric
      • Furnished: Yes
      Interior area
      • Total structure area: 2,246
      • Total interior livable area: 2,246 sqft
      • Finished area above ground: 1,382
      • Finished area below ground: 864

      Property

      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Deck, Porch
      Details
      • Parcel number: 072K D 001.00
      • Zoning: R-2

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin
      • Property subtype: Single Family Residence, Residential
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Rainbow Ridge
      HOA
      • Has HOA: Yes
      • HOA fee: $100 monthly
      • HOA name: Rainbow Ridge Owners Association
      • HOA phone: 607-423-6345
      Location
      • Region: Sevierville

      Financial & listing details

      • Price per square foot: $334/sqft
      • Tax assessed value: $490,600
      • Annual tax amount: $2,904
      • Date on market: 3/7/2026
      • Listing terms: 1031 Exchange,Conventional
      • Road surface type: Paved

        Estimated market value

        $729,600

        $693,000 - $766,000

        $6,968/mo

        Price history

        DateEventPrice
        5/29/2026Price change$749,999-0.7%$334/sqft
        Source: eXp Realty #310544 Report a problem
        5/21/2026Price change$754,999-0.5%$336/sqft
        Source: GSMAR, GSMMLS #310544 Report a problem
        5/1/2026Price change$759,000-0.1%$338/sqft
        Source: GSMAR, GSMMLS #310544 Report a problem
        3/7/2026Listed for sale$760,000+1.3%$338/sqft
        Source: GSMAR, GSMMLS #310544 Report a problem
        12/27/2024Sold$750,000$334/sqft
        Source: GSMAR, GSMMLS #303977 Report a problem
        11/25/2024Pending sale$750,000$334/sqft
        Source: GSMAR, GSMMLS #303977 Report a problem
        11/24/2024Listed for sale$750,000+44.3%$334/sqft
        Source: GSMAR, GSMMLS #303977 Report a problem
        9/8/2020Sold$519,900+10.6%$231/sqft
        Source: GSMAR, GSMMLS #229567 Report a problem
        5/10/2019Sold$470,000+19%$209/sqft
        Source: GSMAR, GSMMLS #221383 Report a problem
        9/15/2005Sold$395,000$176/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,904 $196,240
        2024$2,904 $196,240
        2023$2,904 +60%$196,240 +60%
        2022$1,815 $122,650
        2021-- $122,650 +119.7%
        2020$1,038 $55,825
        2019$1,038 $55,825
        2018$1,038 +0%$55,825
        2017$1,038 $55,825
        2016$1,038 $55,825 +7.4%
        2015-- $51,975 +0%
        2014$847 $51,968
        2013$847 $51,968
        2012$847 $51,968
        2011$847 $51,968
        2010-- $51,968 -41.2%
        2009$1,360 $88,314
        2008$1,360 $88,314
        2007$1,360 +14.9%$88,314
        2006$1,183 -19.3%$88,314
        2005$1,466 $88,314

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 37862

          Getting around

          6 / 100
          Car-Dependent
          6 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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