Skip To Content

1935 Elk Springs Way

Gatlinburg, TN 37738
  • $849,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 300491
Price Reduced
UPDATED: 54 min ago
$849,000
  • 3
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,610
    SQFT
  • $325
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2006
County:
Area:

School Ratings & Info

Listing courtesy of Smoky Mountain Real Estate Corporation.


Description

Your dream investment cabin has just hit the market! ''Mountain Magic'' is a three bedroom, three bath cabin in Elk Springs Resort just outside of Gatlinburg in the Glades Arts & Crafts Community. The cabin has produced a consistent rental income for many years and the low operating costs create an appealing investment opportunity. The property produced $78,009 (2021) and $66,749 (2022) the past two years. These figures only include rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes. The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces (and other gas appliances) will heat effectively and efficiently! Operating costs are surprisingly low and among the lowest you'll see for a three bedroom STR cabin of its size in Sevier County. Monthly averages of electric at $264.71, community septic $78.14, gas $104.29, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs equate to some of the lowest cost of operation for a quality three bedroom cabin in our market. There are decks and porches galore at ''Mountain Magic'' allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. There is even a pretty decent view off the porches to take in the grandeur of the Smokies. ''Mountain Magic'' doesn't lack fun or amenities with a nice wet bar and pool table in the game room area. Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! This is a well maintained cabin with the same owner operating and owning the property since 2009, a lack of turnover rarity in our short term rental market. The convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market.

Monthly Payment Calculator

Copyright 2024 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Nashville on the Move | Keller Williams® Realty. Information deemed reliable but not guaranteed. Last updated 2024-05-28T13:17:32.577.
www.nashvilleonthemove.com/homes/149317224
Print Image

1935 Elk Springs Way Gatlinburg, TN 37738

  • Price: $849,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 54 min ago
  • MLS #: 300491
3
Beds
3
Baths
0
½ Baths
N/A
Acres
2,610
SQFT
$325
$/SQFT
2006
Built
Neighborhood:
Elk Springs Resort
County:
Sevier
Area:
Gatlinburg
Property Description
Your dream investment cabin has just hit the market! ''Mountain Magic'' is a three bedroom, three bath cabin in Elk Springs Resort just outside of Gatlinburg in the Glades Arts & Crafts Community. The cabin has produced a consistent rental income for many years and the low operating costs create an appealing investment opportunity. The property produced $78,009 (2021) and $66,749 (2022) the past two years. These figures only include rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes. The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces (and other gas appliances) will heat effectively and efficiently! Operating costs are surprisingly low and among the lowest you'll see for a three bedroom STR cabin of its size in Sevier County. Monthly averages of electric at $264.71, community septic $78.14, gas $104.29, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs equate to some of the lowest cost of operation for a quality three bedroom cabin in our market. There are decks and porches galore at ''Mountain Magic'' allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. There is even a pretty decent view off the porches to take in the grandeur of the Smokies. ''Mountain Magic'' doesn't lack fun or amenities with a nice wet bar and pool table in the game room area. Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! This is a well maintained cabin with the same owner operating and owning the property since 2009, a lack of turnover rarity in our short term rental market. The convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market.
Exterior Features

Architectural Style CabinLog Attached Garage YN No Construction Materials LogLog SidingWood Siding Exterior Features Rain Gutters Fencing None Garage YN No Parking Features AsphaltDrivewayPaved Patio And Porch Features CoveredDeckPorch Pool Features Hot Tub Road Frontage Type Private Road Road Surface Type Paved Roof Metal

Interior Features

Above Grade Finished Area 1660 Appliances DishwasherDryerMicrowaveRefrigeratorWasher Below Grade Finished Area 950 Fireplace Features Gas Log Fireplace YN Yes Fireplaces Total 1 Flooring Wood Furnished Furnished Interior Features Cathedral Ceiling(s)Ceiling Fan(s)Great RoomHigh Speed InternetWet Bar Laundry Features Electric Dryer HookupWasher Hookup Window Features Double Pane WindowsWindow Treatments

Property Features

Accessory Dwelling Unit YN No Association Amenities Other Association Fee 150 Association Fee Frequency Monthly Association Fee Includes Cable TVInternetMaintenance GroundsRoadsWater Association YN Yes Construction Type Site Built Home Warranty YN No Listing Terms 1031 ExchangeCashConventional New Construction YN No Occupancy Either Possession Close Of Escrow Property Sub Type Single Family Residence Rental History Yes Restrictive Covenants YN Yes Rooms Total 0 Security Features Smoke Detector(s) Sewer Shared Septic Tax Annual Amount 2883.04 Tax Year 2023 Utilities Cable AvailableHigh Speed Internet Available Water Source Public Zoning R-1 Zoning Entity Sevier County

Copyright 2024 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Smoky Mountain Real Estate Corporation | Office Phone: 865-277-8115 .

Copyright 2024 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Nashville on the Move | Keller Williams® Realty. Information deemed reliable but not guaranteed. Last updated 2024-05-28T13:17:32.577.
 
https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_300491-2.jpg https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_300491-2.jpg https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_300491-2.jpg
Logo
Nashville on the Move | Keller Williams® Realty
4101 Charlotte Ave Suite D160
Nashville TN, 37209
Listing courtesy of Smoky Mountain Real Estate Corporation.