$1,490,000
$1,495,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
520 Otter Run WAY Gatlinburg, TN 37738
3 Beds
5 Baths
3,592 SqFt
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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