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4446 Shangrila Way

Sevierville, TN 37876
  • $1,125,000
  • STATUS: Closed
  • ON SITE: 55 Days
  • MLS #: 268613
Sold - 04/15/2024
$1,125,000
SOLD - 04/15/2024
  • 4
    BEDS
  • 0.01
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 2,914
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2022
County:
Area:

School Ratings & Info

Listing courtesy of Smoky Mountain Real Estate Corporation.


Description

"Rooftop RendezView" presents an incredible opportunity to purchase a recently built mountain view rental cabin with the best location between Pigeon Forge and Gatlinburg (only a 2 3 mile drive to both!) with no crazy steep roads on the one-mile route to/from the Parkway. From the spacious distinctive rooftop deck, see magnificent views of the Smoky Mountains from this large 3 story cabin. This is no cookie-cutter square cabin as it was built in the popular mountain modern style with amenities that make this cabin stand out from the rest, including a private theater room with tiered plush theater-style seating for 8 and huge 85-inch Sony 4K TV; a game room with a pool table, air hockey, and Multicade with many classic games; unique modern linear gas fireplace; flat parking for 4 vehicles; EV charger; fast Wifi; relaxing large hot tub; and a rooftop deck with a 81" long resort-style gas firepit table with enough seating options for 12 guests. Dream kitchen with stainless steel appliances, granite countertops, massive island with seating and long dining table. Rooftop RendezView has enough room for multiple families in the cabin's four bedrooms (three kings and one queen), each having a dedicated full ensuite bathroom and flat screen TV. Two of the bedrooms have additional sleeping options to get the sleeping occupancy up to 12 - a full size pullout sofa in the main floor bedroom and a twin daybed with a twin trundle in the upper floor bedroom. The current meticulous housekeeping and maintenance crews can continue maintaining the cabin and the Superhost owner is willing to transfer reservations and her knowledge to the lucky new owners so the cabin is ready for rental on day 1 of ownership. The rental income is excellent with rental revenues of $237K since it was officially launched in mid-April 2022 through January 2024 ($208K excluding cleaning fee revenue). 2023 rental revenues did not disappoint with $127K ($111K excluding cleaning fee revenue) since 2023 was considered a down year after the Covid boom. Current owners are selling the cabin to invest the proceeds in building a large cabin on a lot they have already purchased. This cabin checks all of the boxes for a productive cabin investment in our area including a convenient location, no steep roads, mountain view, distinctive amenities, recent (2022) high end quality construction, and an outstanding rental performer with a guest favorite designation on Airbnb and a perfect 5 stars from all 21 Airbnb guest reviews.

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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 2024-04-22T15:47:04.277.
www.nashvilleonthemove.com/homes/148007371
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4446 Shangrila Way Sevierville, TN 37876

  • Price: $1,199,000
  • Status: Closed
  • On Site: 55 Days
  • Updated: 113 min ago
  • MLS #: 268613
4
Beds
4
Baths
1
½ Baths
0.01
Acres
2,914
SQFT
$386
$/SQFT
2022
Built
Neighborhood:
Mountain Shangrila
County:
Sevier
Area:
Pigeon Forge
Property Description
"Rooftop RendezView" presents an incredible opportunity to purchase a recently built mountain view rental cabin with the best location between Pigeon Forge and Gatlinburg (only a 2 3 mile drive to both!) with no crazy steep roads on the one-mile route to/from the Parkway. From the spacious distinctive rooftop deck, see magnificent views of the Smoky Mountains from this large 3 story cabin. This is no cookie-cutter square cabin as it was built in the popular mountain modern style with amenities that make this cabin stand out from the rest, including a private theater room with tiered plush theater-style seating for 8 and huge 85-inch Sony 4K TV; a game room with a pool table, air hockey, and Multicade with many classic games; unique modern linear gas fireplace; flat parking for 4 vehicles; EV charger; fast Wifi; relaxing large hot tub; and a rooftop deck with a 81" long resort-style gas firepit table with enough seating options for 12 guests. Dream kitchen with stainless steel appliances, granite countertops, massive island with seating and long dining table. Rooftop RendezView has enough room for multiple families in the cabin's four bedrooms (three kings and one queen), each having a dedicated full ensuite bathroom and flat screen TV. Two of the bedrooms have additional sleeping options to get the sleeping occupancy up to 12 - a full size pullout sofa in the main floor bedroom and a twin daybed with a twin trundle in the upper floor bedroom. The current meticulous housekeeping and maintenance crews can continue maintaining the cabin and the Superhost owner is willing to transfer reservations and her knowledge to the lucky new owners so the cabin is ready for rental on day 1 of ownership. The rental income is excellent with rental revenues of $237K since it was officially launched in mid-April 2022 through January 2024 ($208K excluding cleaning fee revenue). 2023 rental revenues did not disappoint with $127K ($111K excluding cleaning fee revenue) since 2023 was considered a down year after the Covid boom. Current owners are selling the cabin to invest the proceeds in building a large cabin on a lot they have already purchased. This cabin checks all of the boxes for a productive cabin investment in our area including a convenient location, no steep roads, mountain view, distinctive amenities, recent (2022) high end quality construction, and an outstanding rental performer with a guest favorite designation on Airbnb and a perfect 5 stars from all 21 Airbnb guest reviews.
Exterior Features

Architectural Style CabinChaletContemporaryCraftsman Attached Garage YN No Construction Materials Frame Exterior Features Rain Gutters Lot Features Private Parking Features DrivewayPaved Patio And Porch Features Deck Pool Features Hot Tub Road Surface Type Paved View Mountain(s) View YN Yes

Interior Features

Above Grade Finished Area 2022 Appliances DishwasherDryerElectric RangeMicrowaveRefrigeratorWasher Basement BasementFinished Below Grade Finished Area 892 Cooling Central AirElectric Cooling YN Yes Fireplace Features Electric Fireplace YN Yes Furnished Furnished Heating Heat Pump Heating YN Yes Interior Features Cathedral Ceiling(s)Ceiling Fan(s)Great RoomHigh Speed InternetSolid Surface Counters Laundry Features Electric Dryer HookupWasher Hookup Levels Three Or More Window Features Window Treatments

Property Features

Accessory Dwelling Unit YN No Association Fee 100 Association Fee Frequency Monthly Association YN Yes Construction Type Site Built Home Warranty YN No Listing Terms 1031 ExchangeCashConventional Occupancy Either Possession Close Of Escrow Property Sub Type Single Family Residence Restrictive Covenants YN Yes Rooms Total 0 Security Features Smoke Detector(s) Sewer Shared Septic Tax Annual Amount 2178.56 Tax Year 2022 Water Source Shared Well 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 2024-04-22T15:47:04.277.
 
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Nashville on the Move | Keller Williams® Realty
4101 Charlotte Ave Suite D160
Nashville TN, 37209
Listing courtesy of Smoky Mountain Real Estate Corporation.