Residential Land with Home for Sale in Gatlinburg, Tennessee
1115/1131 Old Cartertown Rd, Gatlinburg, TN 37738
Bourbon Hollow Estate - Dual Cabin STR Retreat on 2.09 Private Acres | Gatlinburg, TN Gatlinburg, TN | 2 Homes | 4 Bedrooms + 2 bonus rooms | 4 Bathrooms | +/-5,000 Combined Sq Ft | 3 Acres | Turnkey Investment | $1,995,000 Welcome to Bourbon Hollow Estate, a rare opportunity to own not one, but two fully furnished, high-performing short-term rentals on nearly 2.09 acres of secluded Smoky Mountain land - just minutes from the heart of Gatlinburg and Pigeon Forge. Offered individually or as a package, these neighboring properties provide a versatile retreat compound with flexible sleeping setups, private outdoor amenities, and the ability to accommodate romantic getaways, large family reunions, or multi-family travel - all with unmatched privacy and STR performance. Property #1: Bourbon Hollow Lodge - 3BR + 3 bonus rooms | 3BA | 4,112 Sq Ft | 1.08 Acres - Fully fenced pool + hot tub area with heater - Detached game room w/ 2 arcades, pool table, air hockey - Basketball court + play swing set - 3-car covered carport + ample parking - New paint and luxury vinyl flooring throughout (2022) - 2 gas fireplaces + 1 electric insert in bedroom w/ pool deck access - Open-concept kitchen, living, and dining areas with large windows overlooking the hollow - Split floor plan for privacy between guest rooms - Opportunity to expand sleeping count by adding sprinkler system - STR-ready and consistently booked by large groups Property #2: Boozy Bear Bungalow - 1BR | 1BA | +/- 900 Sq Ft | 1.01 Acres - Fully rebuilt in 2022 from the log frame up - All new systems: HVAC, windows, appliances, flooring, roof - Romantic interior w/ clawfoot tub, gas fireplace, retro kitchen - Private hot tub, fire pit w/ retaining wall, covered porch w/ Edison lights - Pet-friendly and ideal for couples, honeymoons, or overflow guests - Proven STR performers with 80%+ occupancy over multiple years - Bonus Opportunity: Bourbon Hollow Estate is available for purchase in conjunction with the adjacent 5-acre plot, providing an opportunity for further development, investment, or enhanced privacy. The potential for this property is limitless. For additional details, please refer to lots 1, 4-7 Old Cartertown Rd, Gatlinburg, TN, 37738. - Investment Snapshot: - Combined acreage: ~2.09 acres with no visible neighbors - Proven rental performance with repeat guests and strong reviews - Pet-friendly policies, family-focused amenities, and diverse guest appeal - Fully furnished and turnkey-ready for income on day one - Private setting with room for expansion or retreat hosting - Ideal location: 5 mins to Gatlinburg, 10 mins to Pigeon Forge, near Great Smoky Mountains National Park Whether you're dreaming of a personal mountain escape with room for guests or want to scale your STR portfolio with a ready-made dual-property estate, Bourbon Hollow delivers unmatched flexibility, privacy, and earning potential. Now showing by appointment only. Properties also offered individually - inquire for pricing breakdowns and income history.
Location
- Street address
- 1115/1131 Old Cartertown Rd
- County
- Sevier County
- Community
- Gatlinburg
- Elevation
- 1,716 feet
Directions
Coming from Downtown Gatlinburg take 321 East Parkway to 2nd stop light (Dudley Creek Rd.) follow to a Rt. onto Old Cartertown Road. Property will be on the left. See signs.
Property details
- Acreage
- 2.09 acres
- Zoning
- R-1
- MLS #
- GSMAR 306368
- Posted
Property taxes
- 2024
- $4,867
Parcels
- 117 037.00
Details and features
Listing
- Type
- Residential
Lot
- Features
- Back Yard, Corner Lot, Corners Marked, Front Yard, Irregular Lot, Landscaped, Sloped, Subdivided, Views, Wooded
Exterior
- Parking
- Carport, Driveway
- Pool
- Deck, Patio, Porch
- Structures
- Gazebo, Storage
- Features
- Rain Gutters
Structure
- Style
- Contemporary, Cottage
- Stories
- 1
- Water
- Public
- Sewer
- Septic Tank
- Heating
- Central, Electric, Heat Pump
- Cooling
- Central Air
- Materials
- Block, Brick, Log, Log Siding, Stone
- Roof
- Composition
Interior
- Rooms
- Bathroom x 4, Bedroom x 4, Dining Room
- Flooring
- Hardwood, Laminate, Tile, Wood
- Appliances
- Dishwasher, Disposal, Double Oven, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer
- Security
- Security System
- Features
- Additional Living Quarters, Breakfast Bar, Cathedral Ceiling(s), Ceiling Fan(s), Eat-In Kitchen, Formal Dining, Granite Counters, Great Room, High Speed Internet, Kitchen Island, Kitchen/Dining Combo, Living/Dining Combo, Pantry, Soaking Tub, Walk-In Closet(s), Walk-In Shower(s), Wet Bar
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Pi Beta Phi Elementary | Elementary | — | — |
| Gatlinburg-Pittman Junior High | Middle | — | — |
| GatlinburgPittman High | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 11, 2025 | Price drop | $1,954,883 | $1 0% | GSMAR |
| Dec 10, 2025 | Price drop | $1,954,884 | $1 0% | GSMAR |
| Dec 8, 2025 | Price drop | $1,954,885 | $1 0% | GSMAR |
| Dec 3, 2025 | Price drop | $1,954,886 | $1 0% | GSMAR |
| Dec 2, 2025 | Price drop | $1,954,887 | $1 0% | GSMAR |
| Dec 1, 2025 | Price drop | $1,954,888 | $1 0% | GSMAR |
| Nov 28, 2025 | Price drop | $1,954,889 | $1 0% | GSMAR |
| Nov 26, 2025 | Price drop | $1,954,890 | $5 0% | GSMAR |
| Nov 24, 2025 | Price drop | $1,954,895 | $5 0% | GSMAR |
| Nov 21, 2025 | Price drop | $1,954,900 | $90 0% | GSMAR |
| Nov 8, 2025 | Price drop | $1,954,990 | $20,000 -1% | GSMAR |
| Sept 19, 2025 | Price drop | $1,974,990 | $5 0% | GSMAR |
| July 17, 2025 | Price drop | $1,974,995 | $4 0% | GSMAR |
| June 25, 2025 | Price drop | $1,974,999 | $1 0% | GSMAR |
| June 13, 2025 | Price drop | $1,975,000 | $19,000 -1% | GSMAR |