$533,562
$495,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
970 Douglas Dam #4 Kodak, TN 37764
3 Beds
2 Baths
1,150 SqFt
Key Details
Sold Price $533,562
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $463
Subdivision The Forgotten Forest
MLS Listing ID 1214385
Sold Date 05/12/23
Style Other
Bedrooms 3
Full Baths 2
HOA Fees $100/mo
Originating Board East Tennessee REALTORS® MLS
Year Built 2023
Lot Size 7.680 Acres
Acres 7.68
Property Description
Previously sold out, the Forgotten Forest now has an availability! An imaginative, new overnight rental community filled with castles, treehouse cabins, burrows and magical houses, the Forest is designed for and by mythical creatures and boasts one of the country's best tourist locations. Hidden on eight acres in Sevier County, Tennessee, the Forgotten Forest is close to Dollywood, Pigeon Forge, Gatlinburg, the Great Smoky Mountains National Park, and the new exit 407 development. This three-bedroom treehouse cabin will be ready for renters by the end of February and has a modestly projected annual income of $70,000. After just one year, the first house at the Forgotten Forest has an astonishing occupancy rate of 75% (The Wizard's Trolley on Airbnb). This magical community includes a mythical stone circle, garden labyrinth, carved woodland creatures, wishing well, 10-foot tall ancient sword, and soon will be home to an ancient ruins pool and waterpark slide. The custom-built treehouse cabin features beautiful views of 100 acres of protected land to the front, and acres of trees to the back. With bark and vinyl siding, two full bathrooms, a floor-to-ceiling stone fireplace, granite tops, lvp flooring and a generous deck with hot tub, this house is part of a small community, so do not miss a chance to start making passive income by spring break! Offer deadline 7 pm, Tuesday, January 3. Proof of financing required with offer. Seller will respond by 7 pm January 5, and retains the right to accept an offer prior to submission deadline.
Location
State TN
County Sevier County - 27
Area 7.68
Rooms
Family Room Yes
Other Rooms Family Room, Mstr Bedroom Main Level
Basement None
Dining Room Eat-in Kitchen
Interior
Interior Features Cathedral Ceiling(s), Island in Kitchen, Eat-in Kitchen
Heating Central, Forced Air, Electric
Cooling Central Cooling
Flooring Vinyl
Fireplaces Number 1
Fireplaces Type Electric, Stone
Fireplace Yes
Appliance Dishwasher, Disposal, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave
Heat Source Central, Forced Air, Electric
Exterior
Exterior Feature Windows - Vinyl, Prof Landscaped, Deck
Garage Designated Parking, Main Level, Off-Street Parking
Garage Description Main Level, Off-Street Parking, Designated Parking
Pool true
Amenities Available Pool, Other
View Country Setting, Wooded
Parking Type Designated Parking, Main Level, Off-Street Parking
Garage No
Building
Lot Description Wooded, Rolling Slope
Faces I-40 exit towards Pigeon Forge/ Gatlinburg, go 2 miles, turn left onto Douglas Dam Rd. The Forgotten Forest is approximately 2.7 miles on the right. Development sign at road and sign on property.
Sewer Public Sewer, Other
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Block,Frame,Other
Others
HOA Fee Include Association Ins,Some Amenities,Grounds Maintenance
Restrictions Yes
Tax ID 013 164.13
Energy Description Electric
Acceptable Financing New Loan, Second Mortgage, Cash, Conventional
Listing Terms New Loan, Second Mortgage, Cash, Conventional
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