$1,954,900
$40K PRICE DROP

1115 Old Cartertown Rd Gatlinburg, TN 37738

Estimated payment $10,729/month

Total Views 10,948
4 Beds
4 Baths
5,012 Sq Ft
$390 Price per Sq Ft

Highlights

  • Spa
  • 2.09 Acre Lot
  • Chalet
  • Gatlinburg Pittman High School Rated A-
  • Landscaped Professionally
  • Deck

About This Home

Bourbon Hollow Estate - Dual Cabin STR Retreat on 2.09 Private Acres | Gatlinburg, TN Gatlinburg, TN | 2 Homes | 4 Bedrooms + 2 bonus rooms (use as bedrooms) | 4 Bathrooms | +/-5,000 Combined Sq Ft | 3 Acres | Turnkey Investment | $1,995,000 Welcome to Bourbon Hollow Estate, a rare opportunity to own not one, but two fully furnished, high-performing short-term rentals on nearly 2.09 acres of secluded Smoky Mountain land — just minutes from the heart of Gatlinburg and Pigeon Forge. Offered individually or as a package, these neighboring properties provide a versatile retreat compound with flexible sleeping setups, private outdoor amenities, and the ability to accommodate romantic getaways, large family reunions, or multi-family travel — all with unmatched privacy and STR performance. ________________________________________ Property #1: Bourbon Hollow Lodge • 3BR + 3 bonus rooms | 3BA | 4,112 Sq Ft | 1.08 Acres • Fully fenced pool + hot tub area with heater • Detached game room w/ 2 arcades, pool table, air hockey • Basketball court + play swing set • 3-car covered carport + ample parking • New paint and luxury vinyl flooring throughout (2022) • 2 gas fireplaces + 1 electric insert in bedroom w/ pool deck access • Open-concept kitchen, living, and dining areas with large windows overlooking the hollow • Split floor plan for privacy between guest rooms • Opportunity to expand sleeping count by adding sprinkler system • STR-ready and consistently booked by large groups ________________________________________ Property #2: Boozy Bear Bungalow • 1BR | 1BA | +/- 900 Sq Ft | 1.01 Acres • Fully rebuilt in 2022 from the log frame up • All new systems: HVAC, windows, appliances, flooring, roof • Romantic interior w/ clawfoot tub, gas fireplace, retro kitchen • Private hot tub, fire pit w/ retaining wall, covered porch w/ Edison lights • Pet-friendly and ideal for couples, honeymoons, or overflow guests • Proven STR performers with 80%+ occupancy over multiple years • Bonus Opportunity: Bourbon Hollow Estate is available for purchase in conjunction with the adjacent 5-acre plot, providing an opportunity for further development, investment, or enhanced privacy. The potential for this property is limitless. For additional details, please refer to lots 1, 4-7 Old Cartertown Rd, Gatlinburg, TN, 37738. • ________________________________________ Investment Snapshot: • Combined acreage: ~2.09 acres with no visible neighbors • Proven rental performance with repeat guests and strong reviews • Pet-friendly policies, family-focused amenities, and diverse guest appeal • Fully furnished and turnkey-ready for income on day one • Private setting with room for expansion or retreat hosting • Ideal location: 5 mins to Gatlinburg, 10 mins to Pigeon Forge, near Great Smoky Mountains National Park ________________________________________ Whether you're dreaming of a personal mountain escape with room for guests or want to scale your STR portfolio with a ready-made dual-property estate, Bourbon Hollow delivers unmatched flexibility, privacy, and earning potential. Now showing by appointment only. Properties also offered individually — inquire for pricing breakdowns and income history.

Listing Agent

David Chile

Weichert REALTORS- Tiger Real Estate License #366045 Listed on: 05/08/2025

Weichert REALTORS- Tiger Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,867

Year Built

  • Built in 1968

Lot Details

  • 2.09 Acre Lot
  • Fenced Yard
  • Wood Fence
  • Landscaped Professionally
  • Private Lot
  • Corner Lot
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Chalet
  • Cottage
  • Log Cabin
  • Block Foundation

Interior Spaces

  • 5,012 Sq Ft Home
  • Living Quarters
  • Cathedral Ceiling
  • Ceiling Fan
  • 4 Fireplaces
  • Gas Log Fireplace
  • Electric Fireplace
  • Great Room
  • Family Room
  • Formal Dining Room
  • Open Floorplan
  • Home Office
  • Recreation Room
  • Bonus Room
  • Sun or Florida Room
  • Storage
  • Forest Views
  • Basement
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms
  • Freestanding Bathtub
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Fire and Smoke Detector

Parking

  • Garage
  • 3 Carport Spaces
  • Parking Available
  • Common or Shared Parking

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Gazebo
  • Outdoor Storage
  • Outdoor Gas Grill

Schools

  • Pi Beta Phi Elementary School
  • Gatlinburg Pittman High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Propane
  • Heat Pump System
  • Propane
  • Septic Tank
  • Internet Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 117 037.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,867

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Directions: Coming from Downtown Gatlinburg take 321 East Parkway to 2nd stop light (Dudley Creek Rd.) follow to a Rt. onto Old Cartertown Road. Property will be on the left. See signs.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1968
  • Lot Size Acres: 2.09
  • Architectural Style: Other, Cottage, Log, Chalet, Cabin
  • Contract Info:List PriceSqFt2: 390.04
  • General Property Description:SqFt - Main Lvl: 5012.0
  • General Property Description:HOA: No
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: Yes
  • General Property Description:Extra Storage: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer, Dryer, Other
  • Basement YN: Yes
  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Electric
  • Fireplaces: 4
  • Flooring: Laminate, Other, Tile, Hardwood
  • Interior Amenities: Eat-in Kitchen, Pantry, Walk-In Closet(s), Kitchen Island, Cathedral Ceiling(s)

Exterior Features

  • Exterior Features: Prof Landscaped, Balcony, Gas Grill
  • View: Wooded, Seasonal Mountain View
  • Lot Features: Wooded, Rolling Slope, Corner Lot, Irregular Lot, Other, Private
  • Pool Features: Above Ground
  • Construction Type: Block, Other
  • Other Structures: Storage, Gazebo
  • Patio And Porch Features: Porch - Enclosed, Deck, Patio

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 3.0
  • Parking Features: Main Level, Other, Common

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Sewer: Septic Tank
  • Security: Smoke Detector(s), Security System
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump, Propane, Electric
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Pi Beta Phi
  • High School: Gatlinburg Pittman

Lot Info

  • Parcel #: 117 037.00

Tax Info

  • Tax Annual Amount: 4866.56

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,803 $303,080 $99,600 $203,480
2024 $2,803 $189,425 $62,250 $127,175
2023 $2,803 $189,425 $0 $0
2022 $3,041 $189,425 $62,250 $127,175
2021 $3,041 $189,425 $62,250 $127,175
2020 $2,801 $189,425 $62,250 $127,175
2019 $2,805 $138,925 $63,525 $75,400
2018 $2,805 $138,925 $63,525 $75,400
2017 $2,805 $138,925 $63,525 $75,400
2016 $2,805 $138,925 $63,525 $75,400
2015 -- $146,675 $0 $0
2014 $2,624 $146,667 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2025 11/21/25 Price Changed $1,399,895 -28.4% $340 / Sq Ft
11/21/2025 11/21/25 Price Changed $1,954,900 +39.6% $390 / Sq Ft
11/08/2025 11/08/25 Price Changed $1,399,900 -28.4% $340 / Sq Ft
11/08/2025 11/08/25 Price Changed $1,954,990 +39.6% $390 / Sq Ft
09/19/2025 09/19/25 Price Changed $1,399,990 -29.1% $340 / Sq Ft
09/19/2025 09/19/25 Price Changed $1,974,990 +41.1% $394 / Sq Ft
07/17/2025 07/17/25 Price Changed $1,399,995 -29.1% $340 / Sq Ft
07/17/2025 07/17/25 Price Changed $1,974,995 +41.1% $394 / Sq Ft
06/25/2025 06/25/25 Price Changed $1,399,999 -29.1% $340 / Sq Ft
06/25/2025 06/25/25 Price Changed $1,974,999 0.0% $394 / Sq Ft
06/13/2025 06/13/25 Price Changed $1,975,000 +41.1% $394 / Sq Ft
06/13/2025 06/13/25 Price Changed $1,400,000 -6.7% $340 / Sq Ft
06/04/2025 06/04/25 Price Changed $1,499,900 -24.8% $365 / Sq Ft
06/04/2025 06/04/25 Price Changed $1,994,000 0.0% $398 / Sq Ft
05/26/2025 05/26/25 Price Changed $1,994,950 +33.0% $398 / Sq Ft
05/26/2025 05/26/25 Price Changed $1,499,950 0.0% $365 / Sq Ft
05/19/2025 05/19/25 Price Changed $1,499,990 -24.8% $365 / Sq Ft
05/19/2025 05/19/25 Price Changed $1,994,990 +33.0% $398 / Sq Ft
05/15/2025 05/15/25 Price Changed $1,499,995 -24.8% $365 / Sq Ft
05/15/2025 05/15/25 Price Changed $1,994,995 +33.0% $398 / Sq Ft
05/08/2025 05/08/25 For Sale $1,500,000 -24.8% $365 / Sq Ft
05/08/2025 05/08/25 For Sale $1,995,000 +33.0% $398 / Sq Ft
10/16/2022 10/16/22 Off Market $1,500,000 -- --
07/18/2022 07/18/22 Sold $1,500,000 0.0% $365 / Sq Ft View Prior Sale
06/01/2022 06/01/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $1,499,900 -- $365 / Sq Ft
Source: East Tennessee REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,500,000 Concord Title
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,300,000 New Conventional
Source: Public Records

Source: East Tennessee REALTORS® MLS

MLS Number: 1300338

East Tennessee REALTORS® MLS

APN: 117-037.00