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  • $625,000

    515 Patterson Ln, Gatlinburg, TN 37738

    2beds
    1,158sqft
    Single Family Residence, Residential
    Built in 1993
    1,742.4 Square Feet Lot
    $543,400 Zestimate®
    $540/sqft
    $2,184 Estimated rent

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    $2,184/mo

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    $2,184/mo

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    $3,380/mo

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    $3,380/mo

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    What's special

    PRICE DROP! Here are the highlights! 5 mins from Downtown Gatlinburg. Beautiful VIEWS! NEW roof, HVAC, water heater, major kitchen appliances, and crawlspace encapsulation! $65k projected income! Smart home technology! Location, Location, Location! ~~ Welcome to The Red Bird's Nest, a beautiful 2 bdrm, 2 bath cabin with amazing views of Mt. LeConte, Clingmans Dome, and the north range of the Smokies. Located in the sought after Glades area in the heart of the Arts & Crafts District of Gatlinburg. It's just minutes from downtown Gatlinburg, Dollywood, and Pigeon Forge attractions and a 2-minute drive or short walk to Mills Park, the Gatlinburg Community Center, and Rocky Top Sports complex. ~~ Profitable with room to grow! ~~ The current owners have built a 5-star reputation for Red Birds Nest and are ready to retire. This presents a great opportunity for someone looking for a lucrative investment. It is a highly profitable turnkey rental cabin with room to generate even more income. Past revenue numbers are based on a schedule shared with friends and family (free of charge), and a 5-person capacity. Just add a sleeper sofa to accommodate 7 guests and open the calendar. The bookings will roll in! There's nothing to do but take over operations and reap the rewards. ~~ Completely updated! ~~ Nearly every major appliance is new, and all the big-ticket systems have been replaced in the last ~2 years. This includes a new kitchen with granite countertops, new stainless-steel appliances, oversized HVAC, metal roof in 2023, interior and exterior paint, on demand hot water heater, crawlspace wrapping with dehumidifier, reverse osmosis system, all new quality interior doors, and added foundation supports. You should not have to replace or repair anything for many years! ~~ Comfort and Style! ~~ With 1,158 sq ft of beautifully appointed and decorated open floor plan living space. You'll love all the modern touches and automation while preserving the cozy cottage feel.

    Zillow last checked: 8 hours ago

    Listing updated: May 08, 2025 at 10:18am

    Listing Provided by:

    Brook Holmes 865-966-1111,

    Wallace

    Bought with:

    Natalie Scott, 362317

    MG Rise Real Estate Group

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2870505MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Kitchen
    • Features: Pantry
    • Level: Pantry
    Heating
    • Electric, Heat Pump
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Oven, Washer
    • Laundry: Washer Hookup, Electric Dryer Hookup
    Features
    • Primary Bedroom Main Floor
    • Flooring: Carpet, Wood, Laminate, Tile
    • Basement: Crawl Space
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,158
    • Total interior livable area: 1,158 sqft
    • Finished area above ground: 1,158

    Property

    Parking
    • Parking features: Attached
    • Has attached garage: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio, Deck
    • Exterior features: Gas Grill
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 1,742 sqft
    • Features: Cul-De-Sac, Private, Wooded, Other, Rolling Slope
    Details
    • Parcel number: 118H A 00700 000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence, Residential
    Materials
    • Frame, Other
    Condition
    • New construction: No
    • Year built: 1993

    Community & neighborhood

    Security
    • Security features: Security System, Smoke Detector(s)
    Location
    • Region: Gatlinburg
    • Subdivision: Stevens-Cole Pud