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$649,999   Price Analysis
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2336 Waterfall Way
Pigeon Forge, TN 37863
3 bed 3 bath 2,174 SqFt ($298/SqFt)
Built 2003
Listed 2024-03-01, HOA $1, Taxes $2,000
USDA Eligible
near Pigeon Forge, TN
 Restrictions may apply
due to home size

This exceptional cabin boasts 3 comfortable bedrooms

* Sale Pending *

3 full bathrooms, a pleasing upstairs loft with lots of natural lighting and mountain scenery. It has accommodations for 12 guests and pretty furniture. This cabin is located 6 minutes off the Parkway in the heart of Pigeon Forge TN, making it convenient for attractions, shopping and restaurants. Historically, this property has demonstrated fantastic performance with $105K in gross rental revenue in 2022 and over $84K in gross rental revenue in 2023. Even with Airbnb's average rental being down over 56.87% nationwide, this cabin was off 24% from the previous year. This cabin is a strong, consistent rental. The interior of the cabin has been routinely upgraded to ensure the utmost comfort and satisfaction of its guests. Notable upgrades include, two new commercial-grade leather sleeper sofas with memory foam mattresses, restained exterior deck railings, all fresh bedding, a new washer and dryer combo unit, a new refrigerator, new dish washer and a handmade Aspen log dining table. There are also new ceiling fans, new lighting fixtures and upgraded multi channel cable and high speed internet service.

The downstairs was remodeled with the classic hotrod theme in a barn style setting. There is a new stand up arcade game, hand built coffee table and a log style pool table with new felt, new cues and custom marble balls. This is a roomy game room with seating areas for leisure and recreation. The black bear theme was designed for the main level with several adorable bears, new leather sleeper sofa, new leather chairs, a hand made coffee table and a custom carved handrail leading to the loft. The kitchen ha s been freshly renovated to include upgraded appliances, faucet and new counter top cooking aids. Outdoor amenities have not been overlooked. The hot tub has a custom-built privacy screen adorned with solar flickering flame lights at night to create a relaxing atmosphere. The upper deck has a scenic view from the coffee shelf and a built-in table with seating that is perfect for enjoying the picturesque surroundings. A hand made Mama bear/Papa bear bench has been installed by the front door and is a fantastic spot for family photos. There's a new charcoal grill for family cookouts and the neighborhood has 2 pools, a covered picnic area and wedding chapel. In summary, this cabin offers an exceptional investment opportunity with a track record of impressive returns making it a profitable option for investors. Simultaneously, it serves as an ideal vacation destination for those seeking a luxurious and memorable experience where over 11 million people visited in 2023. To fully appreciate the charm and potential of this property, we invite you to schedule viewing and see this place for yourself.


Presented by Christopher Kirkland at
Realty Executives Associates.


Property MLS #268651 from GreatSmokyMtns

Bedrooms: 3
Primary Bedroom Level: First
Bedroom 2 Level: Basement
Bedroom 3 Level: Basement

Total Rooms: 22
Basement Features: Crawl Space, Finished
Den Level: First
Game/Recreation Room Level: Basement
Great Room Level: First
Living Room Level: First
Loft Level: Second
Basement Description: Crawl Space, Finished

Total Bathrooms: 3
Full Bathrooms: 3

High Speed Internet
Flooring: Wood

Dishwasher
Electric Range
Microwave
Refrigerator
Washer

Cooling Features: Central Air, Electric, Heat Pump
Fireplace Features: Gas Log
Heating Features: Central, Electric, Heat Pump
Heating: Yes

Dining Room Level: First
Kitchen Level: First

Pool Features: Hot Tub, Private
Pool Private: Yes

Patio And Porch Features: Covered
Road Frontage Type: City Street
Patio Description: Covered

Association: Yes
Association Amenities: Clubhouse, Pool
Association Fee: 1
Association Fee Frequency: Monthly
Association Fee Amenities: Clubhouse, Pool
Association Fee Includes: Maintenance Grounds, Roads, Water
Calculated Total Monthly Association Fees: 1
Association Name: Alpine Mountain Village HOA

Annual Tax Amount: 1093.349999999
Source Listing Status: Pending
County: Sevier
Directions: From Pigeon Forge Parkway heading towards Gatlinburg turn L onto Sugar Hollow Road, turn left onto Alpine Mountain Way, turn right onto Alpine Village Way, turn left onto Waterfall Way, property on right, Property name is Arrowhead Lodge.
Tax Year: 2019
Source Property Type: Residential
Area: Pigeon Forge
MLS Area Minor: Pigeon Forge
Source Neighborhood: Alpine Mountain Village
Subdivision: Alpine Mountain Village
Zoning: C-4
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$121,550
$2,000
2021$unknown + $unknown
$121,550
$2,000
2020$unknown + $unknown
$53,075
$1,093
2019$unknown + $unknown
$53,075
$1,093
2018$unknown + $unknown
$53,075
$1,093
2017$unknown + $unknown
$53,075
$1,093
2016$unknown + $unknown
$53,075
$1,093
2015$unknown + $unknown
$42,875
$892
2014$unknown + $unknown
$42,875
$785
2013$unknown + $unknown
$42,875
$785
2012$unknown + $unknown
$42,875
$785
2011$unknown + $unknown
$42,875
$785
2010$unknown + $unknown
$73,200
$1,218
2009$unknown + $unknown
$73,200
$1,218
2008$unknown + $unknown
$73,200
$1,218
2007$unknown + $unknown
$73,200
$1,218

Price Changed 2024-06-18
$649,999
GreatSmokyMtns
Price Changed 2024-06-11
$659,900
GreatSmokyMtns
Price Changed 2024-06-03
$669,900
GreatSmokyMtns
Price Changed 2024-05-30
$679,999
GreatSmokyMtns
Price Changed 2024-05-22
$689,988
GreatSmokyMtns
Price Changed 2024-05-18
$694,950
GreatSmokyMtns
Price Changed 2024-05-02
$699,950
GreatSmokyMtns
Price Changed 2024-04-17
$709,950
GreatSmokyMtns
Price Changed 2024-04-06
$720,000
GreatSmokyMtns
Price Changed 2024-03-23
$749,999
GreatSmokyMtns
Price Changed 2024-03-18
$779,887
GreatSmokyMtns
Price Changed 2024-03-09
$789,888
GreatSmokyMtns
Listed 2024-03-01
$799,900
GreatSmokyMtns
Listing removed 2024-02-20
$0
GreatSmokyMtns
Listed 2024-01-25
$774,999
GreatSmokyMtns
Listing removed 2024-01-12
$0
GreatSmokyMtns
Price Changed 2023-10-24
$839,900
GreatSmokyMtns
Price Changed 2023-02-03
$889,000
GreatSmokyMtns
Listed 2023-01-08
$899,000
GreatSmokyMtns
Listing removed 2023-01-01
$0
GreatSmokyMtns
Listed 2022-05-25
$1,050,000
GreatSmokyMtns
Listing removed 2021-02-23
$0
GreatSmokyMtns
Sold 2021-02-20
$575,000
EastTennessee
Listed 2020-11-25
$575,000
GreatSmokyMtns
Listing removed 2012-08-12
$199,900
GreatSmokyMtns
Listing removed 2012-08-12
$199,900
EastTennessee
Sold 2012-08-10
$192,000
Public Record
Listed 2012-06-26
$199,900
GreatSmokyMtns
Listing removed 2012-06-19
$199,900
GreatSmokyMtns
Listed 2012-04-16
$199,900
GreatSmokyMtns
Listed 2012-04-15
$199,900
EastTennessee
Sold 2003-04-11
$56,900
Public Record

Access: City Street

Total Square Feet Living: 2174
Year Built: 2003
Above Grade Finished Area: 1342
BelowGradeFinishedArea: 832
Building Area Total: 2174
Building Exterior Type: Frame, Log
Construction Materials: Frame, Log
Levels: Three Or More
Property Age: 21
Roof: Composition
Levels or Stories: Three Or More
Structure Type: Site Built
House Style: Cabin, Log
Architectural Style: Cabin, Log

Sewer: Public Sewer
Cable Available
Water Available
Water Source: Public

Security Features: Smoke Detector(s)

Pigeon Forge Middle School is a public middle school located approximately 1.1 miles away.
directions icon Map directions

Pigeon Forge High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

Family Chapel Academy is a private middle and high school located approximately 1.5 miles away.
directions icon Map directions

Sevierville Primary School is a public elementary school located approximately 3.1 miles away.
directions icon Map directions

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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.