MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT WITH PRIVATE BRIDGE AND PAVED ROAD THROUGHOUT 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 approximately 8 more build sites--creating an opportunity to expand into a 15+ cabin 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.
For sale
$3,400,000
1940 Wears Valley Rd, Sevierville, TN 37862
7beds
10,578sqft
Est.: Get pre-qualified
Single Family Residence
Built in 1968
20.6 Acres Lot
$-- Zestimate®
$321/sqft
$-- HOA
What's special
Fully furnishedPeaceful creekside settingPaved access throughoutLuxury income-producing cabinsPrivate road
- 38 days |
- 741 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Charity Brown 865-659-0254,
Tennessee Elite Realty 865-280-4922
Source: East Tennessee Realtors,MLS#: 1338303
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 16
- Full bathrooms: 13
- 1/2 bathrooms: 3
Rooms
- Room types: Bonus Room
Heating
- Central, Heat Pump
Cooling
- Wall Unit(s), Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Features
- Cathedral Ceiling(s), Pantry, Eat-in Kitchen, Bonus Room
- Flooring: Carpet, Hardwood, Tile
- Basement: Walk-Out Access,Finished
- Number of fireplaces: 1
- Fireplace features: Electric
Interior area
- Total structure area: 10,578
- Total interior livable area: 10,578 sqft
Property
Parking
- Parking features: Main Level
Features
- Has view: Yes
- View description: Other, Mountain(s), Trees/Woods
- Waterfront features: Creek, River, Waterfront
Lot
- Size: 20.6 Acres
- Features: Private, Wooded
Details
- Additional structures: Gazebo
- Parcel number: 104 01000 000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Log,Chalet
- Property subtype: Single Family Residence
Materials
- Wood Siding, Log, Frame
Condition
- Year built: 1968
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Quick Family Trust
Location
- Region: Sevierville
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $1,333,500
- Annual tax amount: $7,894
- Date on market: 4/25/2026
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 | -- | $296,240 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37862
Nearby schools
GreatSchools rating
- 2/10Pigeon Forge Primary SchoolGrades: PK-3Distance: 1.4 mi
- 4/10Pigeon Forge Middle SchoolGrades: 7-9Distance: 2.9 mi
- 6/10Pigeon Forge High SchoolGrades: 10-12Distance: 2.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Sevier County
- Sevierville
- 37862
- 1940 Wears Valley Rd








