What an absolutely incredible opportunity to purchase a cabin on 1.78 acres with a magnificent view just outside of Gatlinburg producing astronomical rental income figures. The property, aptly named "Take My Breath Away" grossed an amazing $104,154 in 2021 and $88,704 in 2020. These figures do NOT include taxes or cleaning fees, strictly the rental rate revenue generated by the cabin. It's able to produce such magnificent numbers for numerous reasons including the panoramic mountain view looking largely into the undisturbed wilderness of the Smoky Mountains National Park where your view won't be cluttered with other cabins in the future. The view is something to behold and is really accentuated from the massive covered porch of the cabin and the large window wall looking out to the panoramic view. The view is only the beginning of the stellar qualities of this property. The deck is very generously sized with ample space for the outdoor dining, grilling, and much more. Inside you'll see a cabin that has been meticulously updated with the finest features including a luxury theater room, completely remodeled baths with top notch walk in showers, high end vanities, high end furniture throughout, custom pool table, wet bar, strategically placed windows to capture the mountain views, an all wood interior (no sheetrock, and the list goes on and on. The property combines the rare quality (that creates a unique and top producing short term rental) of an excellent panoramic view with privacy & acreage (1.78 acres) to go along with easy access close to Gatlinburg and not far at all off a major road (321). It's the rare unicorn that manages a mountain view without having to travel miles off the main road to get to it - and even has privacy! Throw in the magnificent existing rental history and its a recipe for success as a short term rental cabin. At listing price it's an 8.64 GRM, well below the 10x gross norm for the area. It is one of the larger 2 bedroom cabins you'll see at 2,880 square feet of quality.
Sold for $830,000 on 08/22/22
$830,000
304 Carly Way, Gatlinburg, TN 37738
2beds
2,880sqft
Single Family Residence
Built in 1996
1.78 Acres Lot
$840,100 Zestimate®
$288/sqft
$2,292 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 29, 2024 at 11:18pm
Listed by:
Jay Fradd 865-809-8600,
Smoky Mountain Real Estate Cor
Bought with:
Kelly Jacobsson, 351780
United Real Estate Solutions
Source: GSMAR, GSMMLS,MLS#: 251339

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Heat Pump
Cooling
- Central Air, Electric, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Great Room, Soaking Tub, Wet Bar
- Flooring: Wood
- Windows: Double Pane Windows, Window Treatments
- Basement: Finished,Full,Walk-Out Access
- Has fireplace: Yes
- Fireplace features: Electric
- Furnished: Yes
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
- Finished area above ground: 1,920
- Finished area below ground: 960
Property
Parking
- Parking features: Driveway, Private
Features
- Patio & porch: Covered, Deck, Patio, Porch
- Spa features: Hot Tub
- Has view: Yes
- View description: Mountain(s), Seasonal
Lot
- Size: 1.78 Acres
- Features: Private, Wooded
Details
- Parcel number: 110DB01000000
- Zoning: R-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Log
- Property subtype: Single Family Residence
Materials
- Log, Log Siding, Wood Siding
- Foundation: Slab, Basement
Condition
- Year built: 1996
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Gatlinburg
- Subdivision: Other
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $600 annually
- Amenities included: Other
- Services included: Roads
- Association name: James Hover - Laurel Highlands HOA
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
- Road surface type: Paved
Services availability

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$840,100
2% more+ $16,802
With Zillow Showcase(estimated)
$856,902