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For sale
  • $4,500,000

    402 Laurel Ave, Gatlinburg, TN 37738

    5beds
    4,239sqft
    : 
    $26,598/mo
    Get pre-qualified
    Single Family Residence
    Built in 2007
    435 Square Feet Lot
    $-- Zestimate®
    $1,062/sqft
    $-- HOA

    What's special

    Two fireplacesLarge parking areaPrivate theater roomSwim spaExtensive usable land
    SHOWN BY APPOINTMENT ONLY: ACTIVE SHORT TERM RENTAL: A rare opportunity to acquire one of Gatlinburg's premier luxury investment properties. Nestled at the doorstep of the Great Smoky Mountains National Park and within walking distance of downtown Gatlinburg, this extraordinary estate combines luxury accommodations, proven rental performance, and unmatched future development potential. Featuring 5 spacious bedrooms, 5 full baths, and 2 half baths, the cabin has been meticulously designed to deliver an exceptional guest experience. Multiple levels of outdoor living are showcased through three expansive decks on each floor, offering abundant space to relax, entertain, and take in the beauty of the Great Smoky Mountains. Inside, guests enjoy premium amenities including a private theater room, two fireplaces, a swim spa, and thoughtfully curated gathering spaces designed for both large groups and intimate retreats. What truly sets this property apart is its remarkable rental history, supported by a loyal base of returning guests and a reputation built over nearly two decades. This is more than a vacation rental--it's an established hospitality business with a proven track record of success. The offering includes four and a half additional lots, creating a rare opportunity to expand an existing rental portfolio, develop additional luxury cabins, or preserve the surrounding acreage for enhanced privacy and exclusivity. A large parking area and extensive usable land provide flexibility rarely found in the Gatlinburg market. Properties of this caliber, location, and income-producing history seldom become available. Whether you're seeking a trophy asset, a luxury hospitality investment, or a legacy property in the heart of the Smokies, this exceptional estate represents a truly one-of-a-kind opportunity.
    40 days
    |
    695
    |
    5
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Connor Sise 865-809-9751,

    R & R Realty Company 865-441-2956,

    Rachel A Rhea 865-256-9479,

    R & R Realty Company

    Source: East Tennessee Realtors,MLS#: 1345664MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 7
      • Full bathrooms: 5
      • 1/2 bathrooms: 2
      Rooms
      • Room types: Bonus Room
      Heating
      • Central, Propane, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
      Features
      • Walk-In Closet(s), Pantry, Eat-in Kitchen, Bonus Room
      • Flooring: Hardwood, Tile
      • Windows: Windows - Vinyl, Drapes
      • Basement: Crawl Space
      • Number of fireplaces: 2
      • Fireplace features: None
      Interior area
      • Total structure area: 4,239
      • Total interior livable area: 4,239 sqft

      Property

      Parking
      • Parking features: Off Street, Designated Parking, Main Level
      Features
      • Exterior features: Gas Grill, Prof Landscaped, Balcony
      • Has view: Yes
      • View description: Mountain(s), City
      Lot
      • Size: 435 Square Feet
      • Dimensions: 260 x 175
      • Features: Irregular Lot
      Details
      • Parcel number: 126E A 00600 000

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin
      • Property subtype: Single Family Residence
      Materials
      • Stone, Cedar, Frame
      Condition
      • Year built: 2007

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Smokey Heights
      Location
      • Region: Gatlinburg

      Financial & listing details

      • Price per square foot: $1,062/sqft
      • Tax assessed value: $933,800
      • Annual tax amount: $5,998
      • Date on market: 6/23/2026
      • Listing terms: New Loan,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/23/2026Listed for sale$4,500,000+592.3%$1,062/sqft
        Source: East Tennessee Realtors #1345664 Report a problem
        9/29/2011Listing removed$650,000$153/sqft
        Source: Walter B Williams Realty Group Report a problem
        2/2/2011Listed for sale$650,000$153/sqft
        Source: Walter B Williams Realty Group #158962 Report a problem
        11/24/2010Listing removed$650,000$153/sqft
        Source: Walter B. Williams Realty Group 865-428-2172 #158962 Report a problem
        10/23/2010Price change$650,000-10.3%$153/sqft
        Source: Walter B. Williams Realty Group 865-428-2172 #158962 Report a problem
        8/28/2010Listed for sale$725,000$171/sqft
        Source: Walter B. Williams Realty Group #158962 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,998 $373,520
        2024$5,998 $373,520
        2023$5,998 +60%$373,520 +60%
        2022$3,749 $233,450
        2021-- $233,450 +70.1%
        2020$2,771 +8.6%$137,225
        2019$2,552 -7.9%$137,225
        2018$2,771 0%$137,225
        2017$2,771 +0%$137,225
        2016$2,770 $137,225 +0.1%
        2015-- $137,125 +0%
        2014$2,453 -19.4%$137,123 -19.4%
        2013$3,044 0%$170,114
        2012$3,045 +0%$170,114
        2011$3,044 $170,114 +3%
        2010-- $165,114 +7.5%
        2009$2,594 -4.7%$153,540 -4.7%
        2008$2,720 +544.2%$161,040 +544.2%
        2007$422 +13.4%$25,000
        2006$372 -19%$25,000
        2005$459 +25%$25,000 +25%
        2004$368 +12.9%$20,000
        2002$326 $20,000
        2001-- $20,000 -75%
        2000-- $80,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 37738

        Getting around

        41 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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