1940 Wears Valley RD, Sevierville, TN 37862
1940 Wears Valley RD, Sevierville, TN 37862
1940 Wears Valley RD, Sevierville, TN 37862
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Listed by Charity Brown • Tennessee Elite Realty
$3,400,000
Est. payment /mo
7 Beds
16 Baths
10,578 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 10,578 sqft

Price per Sqft $321

MLS Listing ID 311491

Style Cabin,Chalet,Log

Bedrooms 7

Full Baths 13

Half Baths 3

HOA Y/N No

Abv Grd Liv Area 10,578

Year Built 1968

Annual Tax Amount $8,363

Tax Year 2025

Lot Size 20.600 Acres

Acres 20.6

Property Sub-Type Single Family Residence

Source Great Smoky Mountains Association of REALTORS®

Land Area 10578

Property Description

MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT 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 additional build sites--creating an opportunity to expand your 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.

Location

State TN

County Sevier

Zoning R1

Direction Take Hwy 66 towards Pigeon Forge Take a Right on to Wears Valley Road property on R. See sign.

Rooms

Basement Finished, Walk-Out Access

Interior

Interior Features Cathedral Ceiling(s), Kitchen/Dining Combo, Living/Dining Combo, Soaking Tub

Heating Central, Heat Pump

Cooling Central Air, Heat Pump

Flooring Carpet, Hardwood, Tile

Fireplaces Number 3

Fireplaces Type Electric, Other

Furnishings Furnished

Fireplace Yes

Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer

Exterior

Parking Features Asphalt, Off Street

Pool Hot Tub

Waterfront Description Creek,Stream,Waterfront

Roof Type Metal

Porch Covered, Deck, Porch

Garage No

Building

Lot Description Views, Waterfront, Wooded, See Remarks

Story 2

Sewer Septic Tank

Water Well

Architectural Style Cabin, Chalet, Log

Structure Type Block,Frame,Log,Wood Siding

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


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Scottie Hooper

Scottie Hooper

+1(423) 608-9020

Broker | License ID: 357007

Broker License ID: 357007

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