Gatlinburg, TN 37738,520 Otter Run WAY
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Gatlinburg, TN 37738,520 Otter Run WAY
Gatlinburg, TN 37738,520 Otter Run WAY
Gatlinburg, TN 37738,520 Otter Run WAY
Gatlinburg, TN 37738,520 Otter Run WAY

$1,490,000

Est. payment /mo

$1,495,000

0.3%
Est.Price: ?

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520 Otter Run WAY Gatlinburg, TN 37738

3 Beds

5 Baths

3,592 SqFt

SOLD DATE : 10/18/2021

Key Details

Sold Price $1,490,000

Property Type Single Family Home

Sub Type Residential

Listing Status Sold

Purchase Type For Sale

Square Footage 3,592 sqft

Price per Sqft $414

Subdivision Estates At Norton Creek

MLS Listing ID 1166002

Sold Date 10/18/21

Style Other,Craftsman,Chalet

Bedrooms 3

Full Baths 4

Half Baths 1

HOA Fees $166/ann

Originating Board East Tennessee REALTORS® MLS

Year Built 2008

Lot Size 1.390 Acres

Acres 1.39

Property Description

First, lets start with the most important part - location. The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It started life as part of a private 3,000+ acre ranch and is the only portion of that large, private holding to be developed. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. Use of the world class fly fishing stream is reserved for residents and their guests, along with the charming creek side owner's pavilion. This home was built by Denark Construction, of Knoxville, TN and is of high quality. It was designed by Johnson's Architecture and as such displays their unique skill for creating timeless design with materials of perennial beauty. Note how well the home is fashioned into the site, complete with a detached garage along with ample parking and a proper turn-around space. The home is perched on a shelf overlooking the sweeping watershed of Norton Creek, striking in all seasons. Built on a slab, you'll not need to worry over a moldy or settling mountain side crawl space. The great room is full of character with exposed post and beam details, an open kitchen, with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an awesome his and her bath. The lower level consists of three guest suites, a mechanical room, den/game room with fireplace, a second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views, you can also hear flowing Norton Creek below. Outdoor features abound with multiple decks, a mountain stone entry patio and of course the majestic treehouse. The detached two car garage is finished with the same quality as the home. It would make a great guest suite or could be used for additional amenities to generate maximum return for use as a short term rental, such as the addition of a swim spa with roll up glass garage doors. The ceilings of the garage are high enough and finished with windows so that a loft could also be added above the swim spa. Enhancements such as these could push the gross rental income well over $200k/year. A totally private, end of cul-de-sac location makes it even more desirable. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well.

Location

State TN

County Sevier County - 27

Area 1.39

Rooms

Family Room Yes

Other Rooms Basement Rec Room, LaundryUtility, DenStudy, Extra Storage, Great Room, Family Room, Mstr Bedroom Main Level

Basement Finished, Slab, Walkout

Dining Room Eat-in Kitchen

Interior

Interior Features Cathedral Ceiling(s), Island in Kitchen, Walk-In Closet(s), Wet Bar, Eat-in Kitchen

Heating Heat Pump, Electric

Cooling Ceiling Fan(s), Zoned

Flooring Carpet, Hardwood, Tile

Fireplaces Number 3

Fireplaces Type Gas, Masonry, Wood Burning, Gas Log

Fireplace Yes

Appliance Central Vacuum, Dishwasher, Disposal, Dryer, Gas Stove, Smoke Detector, Self Cleaning Oven, Security Alarm, Refrigerator, Microwave, Washer

Heat Source Heat Pump, Electric

Laundry true

Exterior

Exterior Feature Windows - Insulated, Patio, Porch - Covered, Deck

Garage Garage Door Opener, Detached, Main Level, Off-Street Parking

Garage Description Detached, Garage Door Opener, Main Level, Off-Street Parking

Amenities Available Clubhouse, Other

View Mountain View, Wooded

Porch true

Parking Type Garage Door Opener, Detached, Main Level, Off-Street Parking

Garage No

Building

Lot Description Cul-De-Sac, Private, Wooded, Irregular Lot, Rolling Slope

Faces From U.S. Hwy. 441 (the ''Spur), heading from Pigeon Forge to Gatlinburg, turn right onto Norton Creek Road, & then stay left to continue on Norton Creek Road for approx. 4 mi., to a sharp right onto Margit Worsham Way. Continue on Margit Worsham Way for approx. 1 mi., & then turn right onto Otter Run Way. Follow Otter Run Way all the way to the end of the road, & then make a left onto a private drive (see sign), to the property, which is at the end of the drive. Property is located at 520 Otter Run Way, Gatlinburg, TN 37738.

Sewer Septic Tank, Other

Water Well

Architectural Style Other, Craftsman, Chalet

Structure Type Fiber Cement,Stone,Frame,Brick

Schools

Middle Schools Pi Beta Phi

High Schools Gatlinburg Pittman

Others

HOA Fee Include Association Ins,All Amenities

Restrictions Yes

Tax ID 125 * 011.57

Security Features Gated Community

Energy Description Electric

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Century 21 Legacy

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Katelyn Waters

Agent | License ID: 363091

+1(865) 660-5194 | katelyn@brickmortarproperties.com

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