1940 Wears Valley Rd Sevierville, TN 37862
Sevierville AreaEstimated payment $19,384/month
Total Views
23,643
7
Beds
16
Baths
10,578
Sq Ft
$321
Price per Sq Ft
Highlights
- Home fronts a creek
- Deck
- Wood Flooring
- 20.6 Acre Lot
- Wooded Lot
- 3 Fireplaces
About This Home
MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL! This rare offering includes five established STR cabins currently operating on the overnight rental program, along with multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for additional build sites--creating an opportunity to expand your portfolio.
Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEEP ROADS--an extremely desirable and rare feature for guests and investors alike. Guests will love the peaceful creekside setting, paved access throughout, and the privacy of a true mountain retreat while still being close to everything the Smokies have to offer. Cabin configurations currently include a mix of 1BR, 3BR, 4BR, and 7BR units, allowing for a diverse rental strategy targeting couples, families, and large groups. Whether you're looking to scale an existing STR portfolio or develop a high-performing investment community from the ground up, this property delivers flexibility, location, and long-term upside.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,363
Year Built
- Built in 1968
Lot Details
- 20.6 Acre Lot
- Home fronts a creek
- Wooded Lot
Parking
- Driveway
Home Design
- Log Cabin
- Frame Construction
- Metal Roof
- Wood Siding
- Log Siding
Interior Spaces
- 10,578 Sq Ft Home
- Property has 3 Levels
- High Ceiling
- 3 Fireplaces
- Electric Fireplace
- Finished Basement
- Walk-Out Basement
- Property Views
Kitchen
- Oven or Range
- Electric Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Central Air
- Heating Available
- Well
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot TR-2
- Assessor Parcel Number 104 01000 000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,894 | $533,400 | $62,200 | $471,200 |
| 2024 | $7,894 | $533,400 | $62,200 | $471,200 |
| 2023 | $7,894 | $533,400 | $0 | $0 |
| 2022 | $5,167 | $349,100 | $38,875 | $310,225 |
| 2021 | $5,967 | $349,100 | $38,875 | $310,225 |
| 2020 | $4,301 | $403,200 | $38,875 | $364,325 |
| 2019 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2018 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2017 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2016 | $4,301 | $231,225 | $39,600 | $191,625 |
| 2015 | -- | $231,900 | $0 | $0 |
| 2014 | $3,780 | $231,911 | $0 | $0 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/23/2026 04/23/26 | For Sale | $3,400,000 | +183.3% | $321 / Sq Ft | |
| 09/14/2017 09/14/17 | Sold | $1,200,000 | -27.3% | $149 / Sq Ft | View Prior Sale |
| 08/20/2017 08/20/17 | Pending | -- | -- | -- | |
| 05/26/2017 05/26/17 | For Sale | $1,650,000 | -- | $205 / Sq Ft |
Source: Realtracs
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Smoky Mountain Title | |
| Warranty Deed | $1,200,000 | None Available | |
| Deed | $642,500 | -- | |
| Deed | -- | -- | |
| Deed | $53,000 | -- | |
| Warranty Deed | $50,000 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $397,000 | No Value Available |
Source: Public Records
About the Listing Agent
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Source: Realtracs
MLS Number: 3307527
APN: 104-010.00
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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