Welcome to 655 Gatlinburg Falls Way, an exceptional, income-producing luxury cabin located in the highly sought-after Gatlinburg Falls Phase 1 subdivision in the heart of Gatlinburg. This beautifully decorated tri-level property offers the perfect blend of upscale mountain living and high-performing short-term rental investment.
Designed with both comfort and entertainment in mind, this spacious cabin features multiple bedrooms each with its own cozy fireplace, providing a premium guest experience and strong repeat rental appeal. The open-concept main living area showcases granite countertops, stainless steel appliances, and ample space for hosting large groups.
Entertainment is unmatched with a dedicated theater room and an action-packed game room, making this property a top choice for vacationers seeking a full experience. The fully finished layout offers generous sleeping capacity, ensuring maximum occupancy potential and excellent ROI.
Located on wide, easily accessible roads within Gatlinburg Falls Resort, guests enjoy convenient year-round access along with access to a well-maintained outdoor swimming pool--an attractive amenity that enhances rental demand.
Positioned just minutes from downtown Gatlinburg and only 6 miles to Pigeon Forge, this prime location places guests near top attractions, dining, and entertainment while still offering the privacy and charm of a mountain retreat.
Turnkey, fully furnished, and rental-ready, this property is an outstanding opportunity for investors or buyers seeking a high-performing vacation home in one of the Smokies' most desirable resort communities.
Schedule your showing today and capitalize on this income-producing property in a premier location.
Active
Price increase: $1K (7/23)
$1,228,900
655 Gatlinburg Falls Way, Gatlinburg, TN 37738
4beds
3,744sqft
Single Family Residence, Residential
Built in 2018
435 Square Feet Lot
$-- Zestimate®
$328/sqft
$291/mo HOA
What's special
Well-maintained outdoor swimming poolFully finished layoutTri-level propertyWide easily accessible roadsStainless steel appliancesDedicated theater roomAction-packed game room
- 37 days
- 100
- 1
Zillow last checked:
Listing updated:
Listed by:
Vernon Corum 865-242-0445,
eXp Realty 888-519-5113
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3304412
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Features
- High Ceilings
- Flooring: Vinyl
- Basement: Finished,Other
- Number of fireplaces: 5
- Fireplace features: Electric
Interior area
- Total structure area: 3,744
- Total interior livable area: 3,744 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Deck, Covered
Lot
- Size: 435 Square Feet
Details
- Parcel number: 117PE00100023
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Log
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Log
Condition
- New construction: No
- Year built: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available, Cable Connected
Community & HOA
Community
- Subdivision: Gatlinburg Falls
HOA
- Has HOA: Yes
- HOA fee: $291 monthly
Location
- Region: Gatlinburg
Financial & listing details
- Price per square foot: $328/sqft
- Tax assessed value: $642,400
- Annual tax amount: $1,614
- Date on market: 7/23/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $1,228,900+0.1%$328/sqft |
Source: | ||
| 7/17/2026 | Price change | $1,227,900-0.1%$328/sqft |
Source: | ||
| 4/9/2026 | Listed for sale | $1,228,9000%$328/sqft |
Source: | ||
| 3/19/2026 | Listing removed | $1,229,000$328/sqft |
Source: | ||
| 11/15/2025 | Listed for sale | $1,229,000-3.2%$328/sqft |
Source: | ||
| 5/20/2022 | Sold | $1,269,000-0.1%$339/sqft |
Source: | ||
| 4/11/2022 | Pending sale | $1,269,900$339/sqft |
Source: | ||
| 4/4/2022 | Listed for sale | $1,269,900$339/sqft |
Source: | ||
| 4/4/2022 | Pending sale | $1,269,900$339/sqft |
Source: | ||
| 3/31/2022 | Listed for sale | $1,269,900$339/sqft |
Source: | ||
| 3/31/2022 | Pending sale | $1,269,900+323.3%$339/sqft |
Source: | ||
| 10/19/2014 | Sold | $300,000-30.2%$80/sqft |
Source: Public Record Report a problem | ||
| 4/21/2008 | Sold | $430,000$115/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,126 | $256,960 |
| 2024 | $4,126 | $256,960 |
| 2023 | $4,126 +60% | $256,960 +60% |
| 2022 | $2,579 | $160,600 |
| 2021 | -- | $160,600 +100.9% |
| 2020 | $1,614 +8.6% | $79,925 |
| 2019 | $1,487 +685.3% | $79,925 +752.5% |
| 2018 | $189 +0.2% | $9,375 |
| 2017 | $189 -87.2% | $9,375 -87.1% |
| 2016 | $1,472 | $72,900 -2.1% |
| 2015 | -- | $74,475 0% |
| 2014 | $1,333 | $74,478 |
| 2013 | $1,333 0% | $74,478 |
| 2012 | $1,333 -3.2% | $74,478 -3.2% |
| 2011 | $1,377 | $76,978 -15.4% |
| 2010 | -- | $90,978 -25.7% |
| 2009 | $2,068 | $122,393 |
| 2008 | $2,068 | $122,393 |
| 2007 | $2,068 +13.4% | $122,393 |
| 2006 | $1,823 -19% | $122,393 |
| 2005 | $2,249 +46.7% | $122,393 +46.7% |
| 2004 | $1,533 | $83,420 |
Find assessor info on the county website
Monthly payment
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