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Active
  • Price cut: $5K (9/21)
    $445,000

    514 Butler Branch Rd, Gatlinburg, TN 37738

    1beds
    1,600sqft
    : 
    $2,809/mo
    Get pre-qualified
    Residential
    Built in 1987
    1.33 Acres Lot
    $-- Zestimate®
    $278/sqft
    $158/mo HOA

    What's special

    Usable flat landDetached storage with electricLimestone fireplacePrivate creekside cottageMultiple bridgesGenerous storageRemodeled kitchen
    PROVEN SMOKY MOUNTAIN STR OPPORTUNITY! This private creekside cottage offers a rare combination of proven income, active STR permit, Top 1% Airbnb ranking and a 4.99-star rating! Producing $30K YTD in 2026, with October-December still available for additional booking potential. There is also opportunity to increase ADR and maximize revenue. Set on 2 private lots totaling just under 1.5 acres, the property features usable flat land, 2 year-round creeks and a natural spring, creating an exceptional setting for outdoor amenities. Guests enjoy a covered hot tub, gazebo, fire pit, creekside BBQ area, covered deck and multiple bridges. The charming 2BR/2BA cottage includes a remodeled kitchen, new appliances, limestone fireplace, media room, laundry, generous storage and a newly created Zen Den wellness space with infrared sauna and yoga station. Detached storage with electric could offer future game/theater potential, subject to approval. Resort amenities include 24-hour security, 3 pools, pickleball, basketball and winter road maintenance. Minutes to Downtown Gatlinburg, multiple Great Smoky Mountains National Park entrances, Dollywood, Little Pigeon River and the Blue Ridge Parkway. Turnkey STR + proven performance + active permit + premium creekside amenities + substantial acreage + upside potential = a compelling Smoky Mountain investment! Showings subject to booking availability.
    48 days
    997
    66

    Zillow last checked:

    Listing updated:

    Listed by:

    Shannon McRoberts 888-519-5113,

    eXp Realty 888-519-5113

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3333857MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 2
      Kitchen
      • Features: Eat-in Kitchen
      • Level: Eat-in Kitchen
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Oven, Washer
      Features
      • Ceiling Fan(s), High Speed Internet
      • Flooring: Luxury Vinyl
      • Basement: Finished
      • Number of fireplaces: 2
      • Fireplace features: Electric, Wood Burning
      Interior area
      • Total structure area: 1,600
      • Total interior livable area: 1,600 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Concrete, Driveway
      • Garage spaces: 1
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Stories: 2
      • Patio & porch: Patio, Covered
      • Pool features: Association
      Lot
      • Size: 1.33 Acres
      • Features: Cleared, Level, Private, Wooded
      • Topography: Cleared,Level,Private,Wooded
      Details
      • Additional structures: Storage
      • Parcel number: 09901605000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage
      • Property subtype: Residential
      Materials
      • Stone
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1987

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Water Available

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Cobbly Nob
      HOA
      • Has HOA: Yes
      • Amenities included: Clubhouse, Pool, Tennis Court(s)
      • HOA fee: $1,900 annually
      Location
      • Region: Gatlinburg

      Financial & listing details

      • Price per square foot: $278/sqft
      • Tax assessed value: $196,700
      • Annual tax amount: $1,164
      • Date on market: 8/5/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/21/2026Price change$445,000-1.1%$278/sqft
        Source: eXp Realty #313141 Report a problem
        9/9/2026Price change$450,000-3.2%$281/sqft
        Source: GSMAR, GSMMLS #313141 Report a problem
        9/5/2026Price change$465,000-0.4%$291/sqft
        Source: GSMAR, GSMMLS #313141 Report a problem
        8/26/2026Price change$467,000-0.6%$292/sqft
        Source: GSMAR, GSMMLS #313141 Report a problem
        8/21/2026Price change$470,000-2.1%$294/sqft
        Source: GSMAR, GSMMLS #313141 Report a problem
        8/14/2026Price change$479,900-2%$300/sqft
        Source: GSMAR, GSMMLS #313141 Report a problem
        8/10/2026Price change$489,900-2%$306/sqft
        Source: GSMAR, GSMMLS #313141 Report a problem
        8/5/2026Listed for sale$499,900+12.3%$312/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3333857 Report a problem
        7/2/2024Sold$445,000-3.3%$278/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3235776 Report a problem
        5/29/2024Pending sale$459,995$287/sqft
        Source: East Tennessee Realtors #1260594 Report a problem
        5/17/2024Price change$459,995-2.1%$287/sqft
        Source: East Tennessee Realtors #1260594 Report a problem
        4/25/2024Listed for sale$469,995+154.1%$294/sqft
        Source: East Tennessee Realtors #1260594 Report a problem
        10/27/2020Sold$185,000$116/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,164 $78,680
        2024$1,164 $78,680
        2023$1,164 +60%$78,680 +60%
        2022$728 $49,175
        2021-- $49,175 +62.2%
        2020$564 $30,325
        2019$564 $30,325
        2018$564 +0%$30,325
        2017$564 $30,325
        2016$564 $30,325 -15.4%
        2015-- $35,850 0%
        2014$584 $35,854
        2013$584 $35,854
        2012$584 $35,854
        2011$584 $35,854
        2010-- $35,854 -0.1%
        2009$553 $35,895
        2008$553 $35,895
        2007$553 +14.9%$35,895
        2006$481 -19.3%$35,895
        2005$596 +21.5%$35,895 +21.5%
        2004$490 +14.5%$29,544
        2002$428 $29,544
        2001-- $29,544 -75%
        2000-- $118,177
        Find assessor info on the county website

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 37738

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