Sevierville, TN 37876,4446 Shangrila WAY
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Sevierville, TN 37876,4446 Shangrila WAY
Sevierville, TN 37876,4446 Shangrila WAY
Sevierville, TN 37876,4446 Shangrila WAY
Sevierville, TN 37876,4446 Shangrila WAY

$1,125,000

Est. payment /mo

$1,199,000

6.2%
Est.Price: ?

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4446 Shangrila WAY Sevierville, TN 37876

4 Beds

5 Baths

2,914 SqFt

SOLD DATE : 04/15/2024

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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Listed by Smoky Mountain Real Estate Cor

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Katelyn Waters

Agent | License ID: 363091

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

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