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.
Active
$3,400,000
1940 Wears Valley Rd, Sevierville, TN 37862
7beds
10,578sqft
Single Family Residence, Residential
Built in 1968
20.6 Acres Lot
$-- Zestimate®
$321/sqft
$-- HOA
What's special
Fully furnishedPeaceful creekside settingPaved access throughoutLuxury income-producing cabinsPrivate road
- 39 days
- 495
- 22
Zillow last checked:
Listing updated:
Listed by:
Charity Brown 865-280-4922,
Tennessee Elite Realty 865-280-4922
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3307527
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 16
- Full bathrooms: 13
- 1/2 bathrooms: 3
Heating
- Other
Cooling
- Central Air, Other
Appliances
- Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Oven, Washer
Features
- High Ceilings
- Flooring: Carpet, Wood, Tile
- Basement: Finished
- Number of fireplaces: 3
- Fireplace features: Electric
Interior area
- Total structure area: 10,578
- Total interior livable area: 10,578 sqft
Property
Parking
- Parking features: Asphalt
Features
- Levels: Three Or More
- Stories: 2
- Patio & porch: Deck, Covered
- Waterfront features: Creek
Lot
- Size: 20.6 Acres
- Features: Views, Wooded
- Topography: Views,Wooded
Details
- Parcel number: 104 01000 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Log
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Log, Wood Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Sevierville
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $1,333,500
- Annual tax amount: $8,363
- Date on market: 7/27/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/24/2026 | Listed for sale | $3,400,000-7.9%$321/sqft |
Source: | ||
| 8/17/2025 | Listing removed | $3,689,900$349/sqft |
Source: | ||
| 3/4/2025 | Listed for sale | $3,689,900$349/sqft |
Source: | ||
| 3/4/2025 | Listing removed | $3,689,900$349/sqft |
Source: | ||
| 11/12/2024 | Price change | $3,689,900-0.3%$349/sqft |
Source: | ||
| 8/19/2024 | Price change | $3,699,900-17.8%$350/sqft |
Source: | ||
| 4/25/2024 | Price change | $4,500,000-9.8%$425/sqft |
Source: | ||
| 3/4/2024 | Price change | $4,989,900-0.2%$472/sqft |
Source: | ||
| 12/7/2023 | Listed for sale | $4,999,900+316.7%$473/sqft |
Source: | ||
| 9/14/2017 | Sold | $1,200,000+86.8%$113/sqft |
Source: | ||
| 12/1/2004 | Sold | $642,500+1112.3%$61/sqft |
Source: Public Record Report a problem | ||
| 7/23/1998 | Sold | $53,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,894 | $533,400 |
| 2024 | $7,894 | $533,400 |
| 2023 | $7,894 +52.8% | $533,400 +52.8% |
| 2022 | $5,167 | $349,100 -13.4% |
| 2021 | -- | $403,200 +74.4% |
| 2020 | $4,301 | $231,225 |
| 2019 | $4,301 | $231,225 |
| 2018 | $4,301 0% | $231,225 |
| 2017 | $4,301 | $231,225 |
| 2016 | $4,301 | $231,225 -0.3% |
| 2015 | -- | $231,900 0% |
| 2014 | $3,780 | $231,911 |
| 2013 | $3,780 | $231,911 |
| 2010 | -- | $231,911 -3.5% |
| 2009 | $3,700 +44% | $240,238 +25.3% |
| 2006 | $2,569 +254.3% | $191,682 +338.9% |
| 2004 | $725 -32.5% | $43,674 -41% |
| 2002 | $1,074 | $74,060 |
| 2001 | -- | $74,060 -75% |
| 2000 | -- | $296,240 |
Find assessor info on the county website
Monthly payment
Est. payment









