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For sale
  • $760,000

    1540 Rainbow Ridge Way, Sevierville, TN 37862

    4beds
    2,246sqft
    : 
    Single Family Residence, Residential
    Built in 2005
    -- sqft lot
    $730,500 Zestimate®
    $338/sqft
    $100/mo HOA

    What's special

    Mountain viewsLower level game roomSecond electric fireplaceCovered front porchOutdoor diningStunning floor-to-ceiling stone fireplaceArcade games
    If you're looking for a short-term rental in the heart of Pigeon Forge with strong guest appeal and proven income potential, this cabin checks the boxes investors care about. Tucked into a quiet neighborhood just behind the Tanger Outlets, guests get the mountain cabin experience while staying just minutes from Dollywood, the Parkway, restaurants, and the attractions families come to the Smokies to enjoy. The 4 bedroom, 4 bath layout is ideal for multi-family bookings, with two king suites featuring jacuzzi tubs and private bathrooms, plus two additional queen bedrooms with their own en-suite baths. With 2,246 square feet spread across three levels, the layout provides space and privacy that guests appreciate, making it a comfortable choice for larger groups traveling together. Inside, the cabin blends that classic Smoky Mountain feel with modern updates. The great room features soaring ceilings and a stunning floor-to-ceiling stone fireplace that creates a true mountain lodge atmosphere. The spacious kitchen includes granite countertops, stainless appliances, and beautiful cabinetry, creating a welcoming gathering space for meals and conversation. The lower level game room offers arcade games, air hockey, and additional seating, while a second electric fireplace adds extra comfort. Outdoor spaces are designed for relaxing after a day in the Smokies, with two covered back decks, a covered front porch, mountain views, outdoor dining, and a six person hot tub. In 2025 the property generated over $62,000 in gross revenue from just 67 reservations at 51% occupancy with only nine months of rental activity, with projections up to $120,000 once fully optimized. Recent updates include the HVAC system and new water heater, making this a strong opportunity for investors looking to own a well-located Smoky Mountain short term rental.
    19 days
    |
    799
    |
    27
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: March 09, 2026 at 08:09am

    Listed by:

    Jeana Maddux 423-584-9466,

    eXp Realty, LLC 7720 888-519-5113

    Source: GSMAR, GSMMLS,MLS#: 310544MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 1
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
      Features
      • Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Great Room
      • Flooring: Carpet, Wood
      • Basement: Finished
      • Number of fireplaces: 2
      • Fireplace features: Electric
      • Furnished: Yes
      Interior area
      • Total structure area: 2,246
      • Total interior livable area: 2,246 sqft
      • Finished area above ground: 1,382
      • Finished area below ground: 864

      Property

      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Deck, Porch
      Details
      • Parcel number: 072K D 001.00
      • Zoning: R-2

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin
      • Property subtype: Single Family Residence, Residential
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2005

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Rainbow Ridge
      HOA
      • Has HOA: Yes
      • HOA fee: $100 monthly
      • HOA name: Rainbow Ridge Owners Association
      • HOA phone: 607-423-6345
      Location
      • Region: Sevierville

      Financial & listing details

      • Price per square foot: $338/sqft
      • Tax assessed value: $490,600
      • Annual tax amount: $2,904
      • Date on market: 3/7/2026
      • Listing terms: 1031 Exchange,Conventional
      • Road surface type: Paved

        Estimated market value

        $730,500

        $694,000 - $767,000

        $3,851/mo

        Price history

        Price history
        DateEventPrice
        3/7/2026Listed for sale$760,000+1.3%$338/sqft
        Source: GSMAR, GSMMLS #310544 Report a problem
        12/27/2024Sold$750,000$334/sqft
        Source: GSMAR, GSMMLS #303977 Report a problem
        11/25/2024Pending sale$750,000$334/sqft
        Source: GSMAR, GSMMLS #303977 Report a problem
        11/24/2024Listed for sale$750,000+44.3%$334/sqft
        Source: GSMAR, GSMMLS #303977 Report a problem
        9/8/2020Sold$519,900+10.6%$231/sqft
        Source: GSMAR, GSMMLS #229567 Report a problem
        5/10/2019Sold$470,000+19%$209/sqft
        Source: GSMAR, GSMMLS #221383 Report a problem
        9/15/2005Sold$395,000$176/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$2,904 $196,240
        2024$2,904 $196,240
        2023$2,904 +60%$196,240 +60%
        2022$1,815 $122,650
        2021-- $122,650 +119.7%
        2020$1,038 $55,825
        2019$1,038 $55,825
        2018$1,038 +0%$55,825
        2017$1,038 $55,825
        2016$1,038 $55,825 +7.4%
        2015-- $51,975 +0%
        2014$847 $51,968
        2013$847 $51,968
        2012$847 $51,968
        2011$847 $51,968
        2010-- $51,968 -41.2%
        2009$1,360 $88,314
        2008$1,360 $88,314
        2007$1,360 +14.9%$88,314
        2006$1,183 -19.3%$88,314
        2005$1,466 $88,314

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $4,046/mo
        Principal & interest
        $3781
        Property taxes
        $165
        HOA Fees
        $100
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          Climate risks

          Neighborhood: 37862

          Getting around

          6 / 100
          Car-Dependent
          6 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 37862

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