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$859,900   Price Analysis
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708 Octagon Dr
Gatlinburg, TN 37738
2 bed 3 bath 1,561 SqFt ($550/SqFt)
436SqFt lot. Built 1987
Listed 2024-06-13, HOA $240
May be USDA loan restricted due to income limits
near Gatlinburg

Nestled in the heart of Gatlinburg

This stunning octagon shaped cabin offers an unparalleled opportunity for both homeownership and investment. This exquisite cabin, recently fully remodeled, stands as a testament to quality craftsmanship and thoughtful design, ensuring a comfortable and luxurious living experience. Property Features Located in desired Blue Ridge Mountain Resort, this home boasts a unique architectural design that harmonizes with the natural beauty of the Smoky Mountains. The property features vast living areas, high ceilings and an abundance of natural light, creating an inviting and comfortable atmosphere. The interior is appointed with modern amenities and finishes, ensuring a luxurious living experience. Investment Potential Gatlinburg is renowned for its vibrant tourism industry, attracting millions of visitors annually who come to explore the Great Smoky Mountains National Park, enjoy the lively downtown area and partake in a variety of outdoor activities. This steady influx of tourists makes this property an ideal candidate for an overnight rental income property. Sort Term Rental Income As an overnight rental, this property offers significant income potential.

The home's location provides easy access to popular attractions, dining and entertainment options, making it highly desirable for short-term renters. The picturesque views and proximity to nature trails and outdoor adventures further enhance its appeal to vacationers seeking a memorable stay. Key Highlights Prime Location: Situated in a sought-after area of Gatlinburg, close to major tourist attractions and amenities . Modern Amenities: Equipped with stte-of-the-art appliances, comfortable furnishings and high-speed internet. Scenic Views: Stunning vistas of the Smoky Mountains, providing a serene and captivating backdrop. Outdoor Spaces: Ample outdoor areas for relaxation and recreation, including a spacious deck with gas fire pit. Tourist Attraction Proximity: Minutes away from the Great Smoky Mountains National Park, Ober Gatlinburg and the bustling downtown area. Investing in this property is not about acquiring a attractive home; it's about capitalizing on the robust tourism market of Gatlinburg, TN. Whether you envision it as a permanent residence or a lucrative Airbnb/VRBO rental, this property offers the best of both worlds. Seize the opportunity to own a piece of this thriving community and enjoy the financial benefits of an income-generating rental property in one of Tennessee's most popular tourist destinations. For more information on how to make this dream a reality or to schedule a viewing, please contact us at your earliest convenience. Buyer to verify all information.


Presented by Olena Rurenko at
United Real Estate Solutions.
Listing Agent Photo

Property MLS #1266240 from EastTennessee

Bedrooms: 2

Total Rooms: 8
Basement Features: Crawl Space, Finished, Walkout, Outside Entr Only
Basement Description: Crawl Space, Finished, Walkout, Outside Entr Only
Extra Room-1 Description: No

Total Bathrooms: 3
Full Bathrooms: 3

Cathedral Ceiling(s)
Eat-in Kitchen
Flooring: Laminate, Vinyl

Dishwasher
Dryer
Microwave
Range
Refrigerator
Self Cleaning Oven
Smoke Detector
Washer

Cooling Features: Central Cooling, Ceiling Fan(s)
Fireplace Features: Electric
Heating Features: Central, Electric
Heating: Yes
Number of Fireplaces: 1

Porch - Covered
Deck
HotTub

Lot Description: Wooded, Rolling Slope
Lot Size Acres: 0.01
Lot Size Source: Tax Records
Lot Size Square Feet: 436

Parking Features: Designated Parking, Off-Street Parking

View: Mountain View

Association: Yes
Association Amenities: Clubhouse, Pool
Association Fee: 240
Association Fee Frequency: Monthly
Association Fee Includes: Grounds Maintenance
Calculated Total Monthly Association Fees: 240

Annual Tax Amount: 1186.96
Source Listing Status: Active
County: Sevier County - 27
Directions: From Gatlinburg turn onto Hwy 321N East Parkway. Turn left onto Ridge Rd. Turn right onto Cartertown Rd. Go 1.1 miles turn left onto E Foothills Dr. Follow E. Foothills Dr. and turn right on Octagon Dr. Follow to property on left.
Disclaimer: No
Source Property Type: Single Family
Area: Sevier County - 27
MLS Area Minor: Sevier County - 27
Source Neighborhood: Condo Villas III
Parcel Number: 117G A 001.00
Subdivision: Condo Villas III
Property Subtype: Residential
Source System Name: C2C

Listed 2024-06-13
$859,900
EastTennessee

Total Square Feet Living: 1561
Year Built: 1987
Building Area Total: 1561
Building Exterior Type: Stone, Wood Siding, Block, Brick
Construction Materials: Stone, Wood Siding, Block, Brick
Living Area Source: Tax Records
Property Age: 37
Total Area Sqft: 1561
Architectural Style: Cabin

Sewer: Septic Tank
Water Source: Public

Gatlinburg Pittman High School is a public high school located approximately 2.2 miles away.
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Pi Beta Phi Elementary School is a public elementary school located approximately 2.7 miles away.
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Greenbrier Alternative Learning Center is a public middle and high school located approximately 5.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.