Skip main navigation
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

    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.

    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#: 251339MLS Logo

    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
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

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