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Key Details
Sold Price $509,900
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 720 sqft
Price per Sqft $708
MLS Listing ID 303160
Sold Date 10/29/24
Style Cottage
Bedrooms 1
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 720
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 1955
Annual Tax Amount $756
Tax Year 2023
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Step into the charming ambiance of this 1-bedroom, 1-bathroom turn-key cottage, perfectly nestled in a prime downtown Gatlinburg location, just 1/4 mile from the main strip. This delightful retreat is not only fully furnished with tasteful decor but also features a kitchen equipped with stainless steel appliances and granite countertops. The design of the home emphasizes openness, allowing for good flow throughout the space and a gas fireplace to cozy up by on those cold winter nights. Outside, the large private deck is a true highlight, complete with a covered hot tub for year-round relaxation. The yard offers privacy and includes a fire pit for memorable evenings under the stars. This home offers peace and seclusion as it is uniquely positioned with no future construction allowed behind it as it backs directly onto the Great Smoky Mountains National Park. Praised by couples as an ideal mountain getaway, this property has consistently proven its worth, grossing $78,730 in 2023 with $68,873 already on the books for 2024, putting it on track to surpass last year's income. With 119 glowing reviews on Airbnb and easily accessible without steep roads, this cottage represents a lucrative investment opportunity and a peaceful escape that guests love, making it a standout offering in the bustling heart of Gatlinburg.
Location
State TN
County Sevier
Zoning R2
Direction Take 441 Parkway and make a right on Hemlock St. Then make a left onto Hill St. and a quick right to Laurel Ave. Red Bud Lane will be on your left.
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Kitchen Island, Walk-In Shower(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Gas Log
Fireplace Yes
Appliance Dishwasher, Dryer, Electric Cooktop, Microwave, Microwave Range Hood Combo, Refrigerator, Self Cleaning Oven
Laundry Laundry Closet
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Driveway, Gravel
Fence None
Pool None
Utilities Available Cable Connected, Internet Connected, Sewer Connected, Water Connected
Roof Type Composition
Street Surface Gravel
Porch Covered, Deck
Road Frontage City Street
Garage No
Building
Lot Description City Lot, Wooded
Story 2
Sewer Public Sewer
Water Public
Architectural Style Cottage
Structure Type Stucco
New Construction No
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional, Special Funding
Listing Terms 1031 Exchange, Cash, Conventional, Special Funding
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