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For sale
  • $499,000

    970 Douglas Dam Rd, Kodak, TN 37764

    2beds
    983sqft
    : 
    Single Family Residence
    Built in 2026
    435.6 Square Feet Lot
    $494,900 Zestimate®
    $508/sqft
    $115/mo HOA

    What's special

    Stone fireplaceSecret fairy dioramaCustom outdoor fireplaceTwo bedroomsHot tubCharming two-bedroom fairy houseFilled with handcrafted details
    Here is your last chance to own a part of the most magical rental community in the Smokies--The Forgotten Forest in Sevier County, Tennessee! This charming two-bedroom Fairy house, filled with handcrafted details, is sure to be a big hit with locals and tourists, offering incredible income potential, or as a perfect family vacation home. The cozy woodland retreat is the last new construction home that will be sold in the development. With creatures carved into the wood, a fanciful ceiling of clouds and birds, secret fairy diorama, a wondrous tree climbing from the first floor to the second, and woods or acreage outside every window, this fairytale cottage is a quiet, private retreat, close to all the favorite tourist spots, but still hidden from the bustle. The 983-square-foot cottage features two bedrooms, and two hidden nooks for twin beds, meaning the home can comfortably sleep six in beds. Or the upstairs open bedroom area could be used as a game room. There also are two full bathrooms, a stone fireplace, rough-sawn barrel and hand-painted ceilings, wood ceiling beams, quartz tops, a peaceful patio with hot tub, custom outdoor fireplace and beautiful views of the 100-acre meadow. The home includes a hot tub and all GE appliances, including washer and dryer, but is waiting for you to fulfill your vision with whimsical furnishings and final touches. As frequently seen on TikTok, Instagram and Facebook, The Forgotten Forest is a viral sensation featuring burrow houses, a castle, treehouse cabins, an owl's post, the Wizard's Trolley, the Three Wizards, the Inn at the Shire, the Lost Galaxy Outpost, and many other magical dwellings. Hidden on almost 20 acres in Kodak, Tennessee, the Forest is close to Dollywood, Pigeon Forge, Gatlinburg, and the Great Smoky Mountains National Park, and boasts much higher than average occupancy rates. (Smaller Forest dwellings rent incredibly well at the Forest, as evidenced by the 500-square-foot, two-bedroom Wizard's Trolley with $65,000 gross income in 2025.) Perhaps best of all for out-of-state investors, the licensed contractor who built all of the homes, and owns several, is on site every day. This unique community also includes a stone circle, garden labyrinth, tree creatures, wishing well, 10-foot tall ancient sword, and an ancient ruins pool and waterpark slide to be open this summer. This house will pay for itself very quickly! Seller will not accept any offer before 5/12/2026. Please submit best offer, with proof of financing.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kathleen Christie 865-237-0451,

    Crye-Leike Realtors 865-482-9990

    Source: East Tennessee Realtors,MLS#: 1339566MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
      Features
      • Cathedral Ceiling(s), Kitchen Island, Eat-in Kitchen
      • Windows: Windows - Vinyl
      • Basement: Crawl Space
      • Number of fireplaces: 1
      • Fireplace features: Electric, Stone, Wood Burning
      Interior area
      • Total structure area: 983
      • Total interior livable area: 983 sqft

      Property

      Parking
      • Parking features: Other
      Features
      • Exterior features: Prof Landscaped
      • Has view: Yes
      • View description: Country Setting
      Lot
      • Size: 435.6 Square Feet
      • Features: Wooded
      Details
      • Parcel number: 013 164.13

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other,A-Frame
      • Property subtype: Single Family Residence
      Materials
      • Stone, Wood Siding, Shingle Siding, Frame
      Condition
      • Year built: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: The Forgotten Forest
      HOA
      • Has HOA: Yes
      • Amenities included: Other
      • Services included: Insurance, Maintenance Grounds
      • HOA fee: $115 monthly
      Location
      • Region: Kodak

      Financial & listing details

      • Price per square foot: $508/sqft
      • Tax assessed value: $68,100
      • Annual tax amount: $252
      • Date on market: 5/5/2026
      • Listing terms: New Loan,Cash,Conventional
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        Estimated market value

        $494,900

        $470,000 - $520,000

        $3,185/mo

        Price history

        DateEventPrice
        5/5/2026Listed for sale$499,000-33.9%$508/sqft
        Source: East Tennessee Realtors #1339566 Report a problem
        11/8/2024Sold$754,784+129.8%$768/sqft
        Source: East Tennessee Realtors #1259830 Report a problem
        6/14/2024Sold$328,500-53%$334/sqft
        Source: Public Record Report a problem
        6/3/2024Pending sale$699,000$711/sqft
        Source: East Tennessee Realtors #1259830 Report a problem
        4/18/2024Listed for sale$699,000+31%$711/sqft
        Source: East Tennessee Realtors #1259830 Report a problem
        5/12/2023Sold$533,562+7.8%$543/sqft
        Source: GSMAR, GSMMLS #255181 Report a problem
        1/6/2023Pending sale$495,000$504/sqft
        Source: GSMAR, GSMMLS #255181 Report a problem
        12/29/2022Listed for sale$495,000+661.5%$504/sqft
        Source: GSMAR, GSMMLS #255181 Report a problem
        5/13/2019Sold$65,000+296.3%$66/sqft
        Source: Public Record Report a problem
        8/31/2000Sold$16,400$17/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$252 -15.8%$17,025 -15.8%
        2024$299 -8.8%$20,225 -8.8%
        2023$328 +7.6%$22,175 +7.6%
        2022$305 $20,600
        2021-- $20,600 -0.5%
        2020$385 $20,700
        2019$385 $20,700
        2018$385 +0%$20,700
        2017$385 $20,700
        2016$385 $20,700 -0.5%
        2015-- $20,800 0%
        2014$339 $20,801
        2013$339 $20,801
        2012$339 $20,801
        2011$339 $20,801
        2010-- $20,801
        2009$320 $20,801
        2008$320 $20,801
        2007$320 +14.9%$20,801
        2006$279 -19.3%$20,801
        2005$345 +85.5%$20,801 +85.5%
        2004$186 +14.5%$11,211
        2002$163 $11,211
        2001-- $11,211 -75%
        2000-- $44,843

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $2,664/mo
        Principal & interest
        $2441
        HOA Fees
        $115
        Property taxes
        $108
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          Climate risks

          Neighborhood: 37764

          Getting around

          0 / 100
          Car-Dependent
          3 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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