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Sold for $695,000 on 10/05/23
  • $695,000

    1903 Elk Springs Way, Gatlinburg, TN 37738

    3beds
    1,795sqft
    Single Family Residence
    Built in 2006
    -- sqft lot
    $641,500 Zestimate®
    $387/sqft
    $2,756 Estimated rent

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    $2,756/mo

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    $2,756/mo

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    $3,909/mo

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    $3,909/mo

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    What's special

    **HIGHEST & BEST with ALL offers due by 10:00am on Friday (9/22). Seller will respond to offers no later than 10:00am on Saturday (9/23).** Elk Springs Resort is located on 68 private acres bordering Smoky Mountain National Park. "Cowboy Way" is a beautiful 3-bedroom, true log cabin in the rarely available Elk Springs Resort where natural beauty meets easy ownership. This would be a great addition to your STR portfolio with a gross income of $94,801 in 2021, and $82,563.76 for 2022! It has performed consistently for current owners as a premium cabin rental over many years. It is set up to comfortably sleep 10 guests with inclusion of the Great Room sofa- sleeper. Main level has an open concept full kitchen, dramatic living room with floor to ceiling river rock fireplace (gas), dedicated dining area, and main level bedroom suite. Upstairs you'll find the loft with pool table plus second bedroom (w/Queen bed) and full bath. The lower level features a custom theater with 9-foot theater screen, full wet-bar, and a third bedroom with Queen-Over-Queen bunks and full bath. The main level deck has been updated to Trex, is very private, and offers additional seating and a hot tub (replaced 3 years ago). The HOA fee of $150 per month is quite possibly the best bang for your buck in all of Sevier County. It includes hi-speed Xfinity cable/internet, City water, trash, landline, (often well above $150 for cabins in our market), on-site Customer Service, Housekeeping and Maintenance dispatched 24/7 to attend to your guest's every need. One of many fire hydrants is located just up the street and helps with reducing homeowner insurance premiums. Additionally, the cabin offers a rarity for cabins in our market - natural gas (supplied by Sevier County Utility District). Agents, please see REALTOR addendum for Elk Springs Resort's superior performance, outstanding maintenance, and offer instructions. If your clients are looking for a completely worry-free investment cabin to enjoy for years to come, they will find “Cowboy Way” at Elk Springs unsurpassed.

    Zillow last checked: 8 hours ago

    Listing updated: August 29, 2024 at 08:44am

    Listed by:

    The Maloney Team 865-719-2755,

    Prime Mountain Properties

    Bought with:

    The Maloney Team, 335706

    Prime Mountain Properties

    Source: GSMAR, GSMMLS,MLS#: 261192MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Central, Electric, Heat Pump
    Cooling
    • Electric, Heat Pump
    Appliances
    • Included: Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer
    • Laundry: Electric Dryer Hookup, Washer Hookup
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet, Soaking Tub, Wet Bar
    • Flooring: Wood
    • Basement: Crawl Space,Finished,Full
    • Number of fireplaces: 1
    • Fireplace features: Gas Log
    • Furnished: Yes
    Interior area
    • Total structure area: 1,795
    • Total interior livable area: 1,795 sqft
    • Finished area above ground: 1,095
    • Finished area below ground: 700

    Property

    Parking
    • Parking features: Driveway, Paved
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck
    • Exterior features: Rain Gutters
    • Spa features: Hot Tub
    Lot
    • Features: Wooded
    Details
    • Parcel number: 10711600090
    • Zoning: R-1

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cabin,Log
    • Property subtype: Single Family Residence
    Materials
    • Block, Log, Stucco
    • Roof: Metal
    Condition
    • Year built: 2006

    Utilities & green energy

    • Sewer: Shared Septic
    • Water: Public
    • Utilities for property: Cable Available

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Gatlinburg
    • Subdivision: Elk Springs Resort

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $150 monthly
    • Services included: Cable TV, Internet, Maintenance Grounds, Roads, Water
    • Association name: Elk Springs Resort

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional
    • Road surface type: Paved