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Sold for $1,125,000 on 04/15/24
  • $1,125,000

    4446 Shangrila Way, Sevierville, TN 37876

    4beds
    2,914sqft
    Single Family Residence
    Built in 2022
    435.6 Square Feet Lot
    $1,113,900 Zestimate®
    $386/sqft
    $4,449 Estimated rent

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    $6,408/mo

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    What's special

    '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.

    Zillow last checked: 8 hours ago

    Listing updated: June 03, 2024 at 11:39am

    Listed by:

    Darlene Pearson 865-654-9117,

    Smoky Mountain Real Estate Cor

    Bought with:

    Tamara Kim

    MG Rise Real Estate Group

    Source: East Tennessee Realtors,MLS#: 1254011MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Central, Heat Pump, Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Dryer, Range, Refrigerator, Washer
    Features
    • Cathedral Ceiling(s), Kitchen Island
    • Flooring: Vinyl
    • Basement: Finished,Slab
    • Number of fireplaces: 2
    • Fireplace features: Electric
    Interior area
    • Total structure area: 2,914
    • Total interior livable area: 2,914 sqft

    Property

    Parking
    • Parking features: Main Level
    Lot
    • Size: 435.60 sqft
    • Features: Private, Zero Lot Line
    Details
    • Parcel number: 106 051.00

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Craftsman,Cabin,Contemporary,Chalet
    • Property subtype: Single Family Residence
    Materials
    • Frame
    Condition
    • Year built: 2022

    Utilities & green energy

    • Sewer: Other
    • Water: Shared Well

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Location
    • Region: Sevierville
    • Subdivision: Mountain Shangrila

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $100 monthly