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For sale
  • $745,000

    1540 Rainbow Ridge Way, Sevierville, TN 37862

    4beds
    2,246sqft
    : 
    $4,421/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 2005
    -- sqft lot
    $716,000 Zestimate®
    $332/sqft
    $100/mo HOA

    What's special

    Mountain viewsFully furnishedCovered front porchOutdoor diningFloor-to-ceiling stacked-stone fireplaceFour private en-suite bedroomsSix-person hot tub
    Turnkey Smoky Mountain investment cabin with the kind of layout STR buyers are hunting for: four private en-suite bedrooms, transferable bookings, and clear upside with continued optimization. This fully furnished Sevierville cabin is already positioned as a strong short-term rental, with projections showing potential to reach $100,000+ gross revenue once fully optimized. Even better, there are approximately $21,500 in Q4 bookings that may transfer to the buyer, giving the next owner the opportunity to start with income already on the books -- with plenty of open dates still left to capture. Tucked into a quiet Sevierville neighborhood just behind the Tanger Outlets, the location gives guests the best of both worlds: a true Smoky Mountain cabin feel with quick access to Dollywood, the Parkway, dining, shopping, and the attractions families come here for. Easy access, real privacy, and a proven rental location make this one a strong fit for investors looking for both guest appeal and operational simplicity. Inside, 2,246 square feet across three levels provides the space and separation larger groups want. Two king suites, each with a jacuzzi tub and private bath, anchor the home, while two additional queen bedrooms each offer their own en-suite bath. Every bedroom functions as a private retreat -- a major selling point for multi-family groups and one of the layout features that can help command stronger nightly rates. The great room delivers the mountain-lodge experience guests expect, with soaring cathedral ceilings and a floor-to-ceiling stacked-stone fireplace. The kitchen is built for gatherings, featuring granite countertops, stainless appliances, and ample cabinetry. Downstairs, the lower-level game room with arcade games, air hockey, extra seating, and a second fireplace gives guests another place to spread out and enjoy the cabin. Outdoor living is just as important in the Smokies, and this cabin delivers with two covered back decks, a covered front porch, mountain views, outdoor dining, and a six-person hot tub -- the kind of spaces guests remember, review, and rebook for. Recent updates, including the HVAC system and a new water heater, add peace of mind and help reduce surprises for the next owner. With transferable Q4 bookings, a rare four-suite layout, turnkey furnishings, strong projected upside, and a location guests already love, this cabin is well-positioned to keep performing from day one. Ask for the current bookings, projections, and walkthrough video.
    9 days
    341
    22

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeana Maddux 423-584-9466,

    eXp Realty, LLC 7720 888-519-5113

    Source: GSMAR, GSMMLS,MLS#: 313400MLS Logo

      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
      Video & virtual tour

      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: $332/sqft
      • Tax assessed value: $490,600
      • Annual tax amount: $2,904
      • Date on market: 8/20/2026
      • Listing terms: 1031 Exchange,Conventional
      • Road surface type: Paved

        Estimated market value

        $716,000

        $680,000 - $752,000

        $3,742/mo

        Price history

        DateEventPrice
        8/20/2026Listed for sale$745,000+0%$332/sqft
        Source: GSMAR, GSMMLS #313400 Report a problem
        8/1/2026Listing removed$744,999$332/sqft
        Source: eXp Realty #310544 Report a problem
        7/10/2026Price change$744,999-0.7%$332/sqft
        Source: GSMAR, GSMMLS #310544 Report a problem
        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: RealTracs MLS as distributed by MLS GRID #3300588 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
        9/15/2020Sold$519,900+10.6%$231/sqft
        Source: Public Record Report a problem
        5/15/2019Sold$470,000+19%$209/sqft
        Source: Public Record 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

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        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 37862

        Nearby schools

        GreatSchools rating

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