$1,125,000
$1,199,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
4446 Shangrila WAY Sevierville, TN 37876
4 Beds
5 Baths
2,914 SqFt
Key Details
Sold Price $1,125,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,914 sqft
Price per Sqft $386
Subdivision Mountain Shangrila
MLS Listing ID 1254011
Sold Date 04/15/24
Style Craftsman,Cabin,Contemporary,Chalet
Bedrooms 4
Full Baths 4
Half Baths 1
HOA Fees $100/mo
Originating Board East Tennessee REALTORS® MLS
Year Built 2022
Lot Size 435 Sqft
Acres 0.01
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.
Location
State TN
County Sevier County - 27
Area 0.01
Rooms
Basement Finished, Slab
Interior
Interior Features Cathedral Ceiling(s), Island in Kitchen
Heating Central, Heat Pump, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Vinyl
Fireplaces Number 2
Fireplaces Type Electric
Appliance Dishwasher, Dryer, Range, Refrigerator, Smoke Detector, Washer
Heat Source Central, Heat Pump, Electric
Exterior
Exterior Feature Deck
Garage Main Level
Garage Description Main Level
Parking Type Main Level
Garage No
Building
Lot Description Private, Zero Lot Line
Faces From HWY 441 (SPUR) take Gnatty branch road. In one mile turn left into Mountain Shangri-La. in .2 cabin will be on your right.
Sewer Other
Water Shared Well
Architectural Style Craftsman, Cabin, Contemporary, Chalet
Structure Type Frame
Others
Restrictions Yes
Tax ID 106 051.00
Energy Description Electric
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