20.6 Acres of Improved Land for Sale in Sevierville, Tennessee

1940 Wears Valley Rd, Sevierville, TN 37862

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$4,500,000
20.6 acres
Active sale$490k dropEst $24,867/mo

PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS RANGING BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR. CHECK OUT THE VIRTUAL TOUR OF THE PROPERTY!!

10,578
Sq feet
7
Beds
13
Full baths
3
1/2 baths
1968
Built

Directions

In Pigeon Forge take Wears Valley Rd to property on R. See sign.

Property details

Coordinates
35.7714, -83.6187
Community
Sevierville
Zoning
R-1
Elevation
1,099 feet
MLS Number
GSMAR 267543
Date Listed

Parcels

  • 104 010.00

Property taxes

2022
$5,167

Resources

This 20.6-acre property is located at 1940 Wears Valley Rd in Sevierville, TN 37862 with latitude 35.7714 and longitude -83.6187. The property is currently available for sale for $4,500,000. It has a 10,578 sq ft 7 bedroom, 13 bath house built in 1968. Listing data is sourced from Great Smoky Mountains Association of Realtors # 267543.

Verify sale details at the property source or contact Tennessee Elite Realty at (865) 659-0254.

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Copyright (C) 2024 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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