1935 Elk Springs Way

Gatlinburg, TN 37738

Beds

3

Baths

3

Square Ft.

2,610

Active

Residential

$795,000

Your dream investment cabin has just hit the market! ''Mountain Magic'' is a three bedroom, three bath cabin in Elk Springs Resort just outside of Gatlinburg in the Glades Arts & Crafts Community. The cabin has produced a consistent rental income for many years and the low operating costs create… Read More an appealing investment opportunity. The property produced $78,009 (2021) and $66,749 (2022) the past two years. These figures only include rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes. The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces (and other gas appliances) will heat effectively and efficiently! Operating costs are surprisingly low and among the lowest you'll see for a three bedroom STR cabin of its size in Sevier County. Monthly averages of electric at $264.71, community septic $78.14, gas $104.29, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs equate to some of the lowest cost of operation for a quality three bedroom cabin in our market. There are decks and porches galore at ''Mountain Magic'' allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. There is even a pretty decent view off the porches to take in the grandeur of the Smokies. ''Mountain Magic'' doesn't lack fun or amenities with a nice wet bar and pool table in the game room area. Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! This is a well maintained cabin with the same owner operating and owning the property since 2009, a lack of turnover rarity in our short term rental market. The convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market. Read Less

Courtesy of Smoky Mountain Real Estate Cor

Listing Snapshot

Days Online

49

Last Updated

Sep 18, 2024

Property Type

Single Family

Beds

3

Full Baths

3

Square Ft.

2,610

Year Built

2006

MLS Number

302299

30 Days Snapshot Of 37738

$

+38%

(avg) sold price

8

+33%

homes sold

99

+47%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road surface type: "Paved"

Appliances & Equipment

"Dishwasher", "Dryer", "Microwave", "Refrigerator", "Washer"

Building

Built in 2006, 1,660 above grade finished area, 950 below grade finished area, Building area total: 2,610, Architectural style: "Cabin", "Log", Construction materials: "Log", "Log Siding", "Wood Siding"

Exterior Features

"Rain Gutters"

Fence

"None"

Fireplaces

"Gas Log", 1 total fireplace

Floors

"Wood"

Home Owner's Association

Association fee: $150, Association amenities: "Other"

Interior Features

"Cathedral Ceiling(s)", "Ceiling Fan(s)", "Great Room", "High Speed Internet", "Wet Bar"