PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! **Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR.***CHECK OUT THE VIDEO TOUR TO SEE THE PROPERTY BY DRONE!***
This property is $4.0M more than the Median Sold Price and $134/SqFt more than other homes in Sevierville, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1258187
Listing Office:
Office Name: Tennessee Elite Realty
Office Phone: (865) 280-4922
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Pigeon Forge Primary School
1766 Waldens Creek Rd
Distance between this listing and this school1.41 miles
Public District Grades PK-4
2
/10
Sevierville Intermediate School
416 High St
Distance between this listing and this school7.18 miles
Public District Grades 3-5
5
/10
Catlettsburg Elementary School
1409 Catlettsburg Rd
Distance between this listing and this school9.83 miles
Public District Grades KG-6
Middle School
4
/10
Pigeon Forge Middle School
300 Wears Valley Rd
Distance between this listing and this school2.88 miles
Public District Grades 5-8
5
/10
Wearwood Elementary School
3150 Wearwood Dr
Distance between this listing and this school3.53 miles
Public District Grades KG-8
3
/10
Sevierville Middle School
520 High St
Distance between this listing and this school7.11 miles
Public District Grades 6-8
High School
6
/10
Pigeon Forge High School
414 Tiger Dr
Distance between this listing and this school2.91 miles
Public District Grades 9-12
5
/10
Sevier County High School
1200 Dolly Parton Pkwy
Distance between this listing and this school8.24 miles
Public District Grades 9-12
7
/10
Gatlinburg Pittman High School
150 Proffitt Rd
Distance between this listing and this school9.90 miles
Public District Grades 9-12
Assigned Schools
3
/10
Pigeon Forge Primary School
1766 Waldens Creek Rd
Distance between this listing and this school1.41 miles
Public District Grades PK-4
2
/10
Sevierville Intermediate School
416 High St
Distance between this listing and this school7.18 miles
Public District Grades 3-5
5
/10
Catlettsburg Elementary School
1409 Catlettsburg Rd
Distance between this listing and this school9.83 miles
Public District Grades KG-6
Assigned Schools
4
/10
Pigeon Forge Middle School
300 Wears Valley Rd
Distance between this listing and this school2.88 miles
Public District Grades 5-8
5
/10
Wearwood Elementary School
3150 Wearwood Dr
Distance between this listing and this school3.53 miles
Public District Grades KG-8
3
/10
Sevierville Middle School
520 High St
Distance between this listing and this school7.11 miles
Public District Grades 6-8
Assigned Schools
6
/10
Pigeon Forge High School
414 Tiger Dr
Distance between this listing and this school2.91 miles
Public District Grades 9-12
5
/10
Sevier County High School
1200 Dolly Parton Pkwy
Distance between this listing and this school8.24 miles
Public District Grades 9-12
7
/10
Gatlinburg Pittman High School
150 Proffitt Rd
Distance between this listing and this school9.90 miles
The neighbors living near this home have an average income of $49,267. Typical income of Sevierville, TN residents is between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1940 Wears Valley Rd
What is the listing price of this property?
The listing price of 1940 Wears Valley Rd property is $4,500,000.
What type of property is this?
The property 1940 Wears Valley Rd is a house located in Sevierville, Tennessee, 37862.
Is this property for sale now?
Active Listing: 1940 Wears Valley Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1940 Wears Valley Rd are: Pigeon Forge Primary School: GreatSchools Rating 3/10Sevierville Intermediate School: GreatSchools Rating 2/10Catlettsburg Elementary School: GreatSchools Rating 5/10Pigeon Forge Middle School: GreatSchools Rating 4/10Wearwood Elementary School: GreatSchools Rating 5/10Sevierville Middle School: GreatSchools Rating 3/10Pigeon Forge High School: GreatSchools Rating 6/10Sevier County High School: GreatSchools Rating 5/10Gatlinburg Pittman High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $4,301 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 1, 2004 for $642,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1940 Wears Valley Rd has 7 bedrooms and 13 full and 3 half bathrooms.
What is the square footage of this property?
The property 1940 Wears Valley Rd is 10,578 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1940 Wears Valley Rd is 1968.
Interested in 1940 Wears Valley Rd? Let's connect.
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This home is located at 1940 Wears Valley Rd in Sevierville, TN and zip code 37862. This 10,578 square foot home, which was built in 1968, sits on a 20.60 acre lot. Features: 7 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $4,500,000.
Sevierville, TN housing market in April 2024 saw over 2 listings sold above listed price, more than 8 sold at listed price and over 45 sold below. The number of listings in Sevierville, TN increased by 12.3% between March 2024 and April 2024. In April 2024 median list price was $485,000 and the average listing age was 52 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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