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  • $3,400,000

    1940 Wears Valley Rd, Sevierville, TN 37862

    7beds
    10,578sqft
    : 
    $20,194/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1968
    20.6 Acres Lot
    $-- Zestimate®
    $321/sqft
    $-- HOA

    What's special

    Fully furnishedPeaceful creekside settingPaved access throughoutLuxury income-producing cabinsPrivate road
    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.
    103 days
    |
    548
    |
    32
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Charity Brown 865-280-4922,

    Tennessee Elite Realty 865-280-4922

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3307527MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 16
      • Full bathrooms: 13
      • 1/2 bathrooms: 3
      Heating
      • Central, Heat Pump
      Cooling
      • Central Air, Other
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Oven, Washer
      Features
      • High Ceilings
      • Flooring: Carpet, Wood, Tile
      • Basement: Finished
      • Number of fireplaces: 3
      • Fireplace features: Electric
      Interior area
      • Total structure area: 10,578
      • Total interior livable area: 10,578 sqft

      Property

      Parking
      • Parking features: Asphalt
      Features
      • Levels: Three Or More
      • Stories: 2
      • Patio & porch: Deck, Covered
      • Waterfront features: Creek
      Lot
      • Size: 20.6 Acres
      • Features: Views, Wooded
      • Topography: Views,Wooded
      Details
      • Parcel number: 104 01000 000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Log
      • Property subtype: Single Family Residence, Residential
      Materials
      • Frame, Log, Wood Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1968

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: Other
      HOA
      • Has HOA: No
      Location
      • Region: Sevierville

      Financial & listing details

      • Price per square foot: $321/sqft
      • Tax assessed value: $1,333,500
      • Annual tax amount: $8,363
      • Date on market: 4/23/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/24/2026Listed for sale$3,400,000-7.9%$321/sqft
        Source: GSMAR, GSMMLS #311491 Report a problem
        8/17/2025Listing removed$3,689,900$349/sqft
        Source: GSMAR, GSMMLS #305235 Report a problem
        3/4/2025Listed for sale$3,689,900$349/sqft
        Source: East Tennessee Realtors #1291933 Report a problem
        3/4/2025Listing removed$3,689,900$349/sqft
        Source: GSMAR, GSMMLS #304220 Report a problem
        11/12/2024Price change$3,689,900-0.3%$349/sqft
        Source: East Tennessee Realtors #1258187 Report a problem
        8/19/2024Price change$3,699,900-17.8%$350/sqft
        Source: GSMAR, GSMMLS #267543 Report a problem
        4/25/2024Price change$4,500,000-9.8%$425/sqft
        Source: GSMAR, GSMMLS #267543 Report a problem
        3/4/2024Price change$4,989,900-0.2%$472/sqft
        Source: East Tennessee Realtors #1247545 Report a problem
        12/7/2023Listed for sale$4,999,900+316.7%$473/sqft
        Source: GSMAR, GSMMLS #267543 Report a problem
        9/14/2017Sold$1,200,000+86.8%$113/sqft
        Source: East Tennessee Realtors #1004393 Report a problem
        12/1/2004Sold$642,500+1112.3%$61/sqft
        Source: Public Record Report a problem
        7/23/1998Sold$53,000$5/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,894 $533,400
        2024$7,894 $533,400
        2023$7,894 +52.8%$533,400 +52.8%
        2022$5,167 $349,100 -13.4%
        2021-- $403,200 +74.4%
        2020$4,301 $231,225
        2019$4,301 $231,225
        2018$4,301 0%$231,225
        2017$4,301 $231,225
        2016$4,301 $231,225 -0.3%
        2015-- $231,900 0%
        2014$3,780 $231,911
        2013$3,780 $231,911
        2010-- $231,911 -3.5%
        2009$3,700 +44%$240,238 +25.3%
        2006$2,569 +254.3%$191,682 +338.9%
        2004$725 -32.5%$43,674 -41%
        2002$1,074 $74,060
        2001-- $74,060 -75%
        2000-- $296,240
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37862

        Getting around

        6 / 100
        Car-Dependent
        36 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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