4314 Carolina Cove Way Pigeon Forge, TN 37863
Estimated payment $20,966/month
Highlights
- Indoor Pool
- 2.24 Acre Lot
- Recreation Room
- Gatlinburg Pittman High School Rated A-
- Deck
- Cathedral Ceiling
About This Home
Seller offering a $75,000 buydown credit! 3 properties included! $440,000+ combined gross income from July 2024 to June 2025 from this exceptional short-term rental package featuring three high-performing cabins. This rare trifecta includes small, medium, and large cabins—offering a variety of guest experiences and income streams for the discerning 1031 exchange investor.
The small and medium cabins are located in the sought-after Chalet Village area of Gatlinburg, where bookings remain strong even through the winter months. The large cabin, located at 4314 Carolina Cove in Pigeon Forge, offers an amenity rarely found in the Smokies—its own outdoor swimming pool—making it a highly desirable choice for larger groups and extended bookings.
1256 Bear Cub Way, Gatlinburg - 3 beds, 3 abths - Stunning mountain views, including the slopes at Ober Gatlinburg.
2226 St Moritz Ct, Gatlinburg - 2 bed, 2 bath- Beautiful mountain views and a direct overlook of Ober Gatlinburg.
4314 Carolina Cove, Sevierville - 5 bed, 5 baths - Resort-style retreat with private outdoor pool, ideal for larger parties.
This turnkey investment includes established bookings, professional property management in place (with the option to retain or self-manage), and the potential for bonus depreciation if closed in 2025. Seller is willing to assist with a smooth transition, including PM referrals, cost segregation referrals, and transfer of VRBO ratings and reviews:
Large cabin: 10.0 rating (
Medium cabin: 10.0 rating (
Small cabin: 9.4 rating
(
A rare opportunity to own three of the Smokies' top-producing STR properties with proven performance and exceptional guest appeal. Current property manage is willing to continue managing if wanted.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,406
Year Built
- Built in 2008
Lot Details
- 2.24 Acre Lot
Home Design
- Block Foundation
- Frame Construction
- Shingle Roof
- Metal Roof
- Log Siding
Interior Spaces
- Walk-in Shower
- 3,051 Sq Ft Home
- Furnished
- Wired For Data
- Cathedral Ceiling
- Ceiling Fan
- Insulated Windows
- Recreation Room
- Storm Windows
Kitchen
- Self-Cleaning Oven
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Laundry
- Dryer
- Washer
Parking
- Driveway
- On-Site Parking
- Off-Street Parking
Pool
- Indoor Pool
- In Ground Pool
- Spa
Outdoor Features
- Balcony
- Deck
- Covered Patio or Porch
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
Community Details
- 3 Units
- Serenity Cove Unit 2 Subdivision
Listing and Financial Details
- Assessor Parcel Number 115F A 002.00
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,406 | $297,680 | $12,000 | $285,680 |
| 2024 | $4,406 | $297,680 | $12,000 | $285,680 |
| 2023 | $4,406 | $297,680 | $0 | $0 |
| 2022 | $2,754 | $186,050 | $7,500 | $178,550 |
| 2021 | $2,754 | $186,050 | $7,500 | $178,550 |
| 2020 | $1,977 | $186,050 | $7,500 | $178,550 |
| 2019 | $1,977 | $106,275 | $7,500 | $98,775 |
| 2018 | $1,977 | $106,275 | $7,500 | $98,775 |
| 2017 | $1,977 | $106,275 | $7,500 | $98,775 |
| 2016 | $1,977 | $106,275 | $7,500 | $98,775 |
| 2015 | -- | $108,900 | $0 | $0 |
| 2014 | $1,775 | $108,908 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/30/2025 09/30/25 | Price Changed | $3,870,000 | -2.5% | $1,268 / Sq Ft | |
| 08/12/2025 08/12/25 | For Sale | $3,970,000 | +139.2% | $1,301 / Sq Ft | |
| 01/01/2022 01/01/22 | Off Market | $1,660,000 | -- | -- | |
| 10/01/2021 10/01/21 | Sold | $1,660,000 | 0.0% | $325 / Sq Ft | View Prior Sale |
| 08/21/2021 08/21/21 | Off Market | $1,660,000 | -- | -- | |
| 08/15/2021 08/15/21 | Price Changed | $1,759,000 | -7.2% | $345 / Sq Ft | |
| 08/02/2021 08/02/21 | For Sale | $1,895,000 | 0.0% | $372 / Sq Ft | |
| 07/19/2021 07/19/21 | Pending | -- | -- | -- | |
| 07/05/2021 07/05/21 | Price Changed | $1,895,000 | -5.2% | $372 / Sq Ft | |
| 06/02/2021 06/02/21 | Price Changed | $1,998,000 | +5.2% | $392 / Sq Ft | |
| 05/04/2021 05/04/21 | Price Changed | $1,899,000 | 0.0% | $372 / Sq Ft | |
| 05/04/2021 05/04/21 | For Sale | $1,899,000 | +14.4% | $372 / Sq Ft | |
| 04/06/2021 04/06/21 | Off Market | $1,660,000 | -- | -- | |
| 03/31/2021 03/31/21 | Price Changed | $1,599,000 | -2.4% | $314 / Sq Ft | |
| 03/17/2021 03/17/21 | Price Changed | $1,639,000 | -3.3% | $321 / Sq Ft | |
| 03/08/2021 03/08/21 | For Sale | $1,695,000 | +570.0% | $332 / Sq Ft | |
| 11/15/2015 11/15/15 | Off Market | $253,000 | -- | -- | |
| 08/17/2012 08/17/12 | Sold | $253,000 | -20.9% | $42 / Sq Ft | View Prior Sale |
| 08/17/2012 08/17/12 | Pending | -- | -- | -- | |
| 02/01/2011 02/01/11 | For Sale | $320,000 | -- | $53 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,660,000 | Superior Title & Escrow Llc | |
| Warranty Deed | $576,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | $60,000 | -- | |
| Warranty Deed | $253,500 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $52,000 | -- | |
| Deed | $25,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $328,000 | New Conventional | |
| Previous Owner | $200,000 | Commercial | |
| Previous Owner | $26,000 | No Value Available |
Source: East Tennessee REALTORS® MLS
MLS Number: 1311792
APN: 115F-A-002.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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