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For sale
  • Price cut: $10K (8/4)
    $649,900

    712 Octagon Dr, Gatlinburg, TN 37738

    2beds
    1,650sqft
    : 
    $3,932/mo
    Get pre-qualified
    Single Family Residence
    Built in 1987
    435 Square Feet Lot
    $-- Zestimate®
    $394/sqft
    $232/mo HOA

    What's special

    Breathtaking mountain viewsOpen-concept gathering spaceWarm stone fireplaceModern designModern finishesBeautifully renovated mountain retreatFully equipped kitchen
    Some cabins offer mountain views. Others offer convenience. Very few deliver both--while offering a proven history as a successful short-term rental. Welcome to The Reserve--a beautifully renovated mountain retreat where modern design, privacy, and one of the Smokies' most sought-after locations come together. Officially offered as a two-bedroom, three-bath cabin, its thoughtfully designed layout has been successfully advertised on Airbnb as a three-bedroom vacation rental accommodating up to six guests, creating exceptional flexibility for buyers seeking a personal mountain retreat, a proven short-term rental investment, or the best of both. Just 4.1 miles from downtown Gatlinburg, 6.7 miles from the entrance to Great Smoky Mountains National Park, and only 13 miles from Dollywood, this property places owners and guests within minutes of the area's most popular attractions while still feeling peacefully tucked away among the trees with beautiful mountain views from the expansive deck. Inside, approximately 1,650 square feet of thoughtfully designed living space welcomes you with oversized windows that frame the mountains, a warm stone fireplace, an open-concept gathering space, a fully equipped kitchen, and three full bathrooms that comfortably accommodate family and guests. Multiple outdoor living areas, including a spacious deck with a hot tub, create the perfect setting to enjoy sunrise coffee, evening sunsets, or quiet nights beneath the stars. The private lower level, complete with its own living space, full bath, coffee bar, and separate exterior entrance, provides additional privacy that guests and owners alike will appreciate. For investors, this isn't simply a cabin with potential--it's a property with demonstrated performance, generating $87,568 in gross rental revenue during 2025 while earning a 4.85-star Airbnb rating, reflecting a history of satisfied guests and consistent demand. Whether you're searching for a turnkey investment, a mountain getaway to enjoy with family, or a second home that helps offset ownership costs, The Reserve offers the rare combination of proven income potential, breathtaking mountain views, modern finishes, and a location that keeps visitors returning to the Smokies year after year.
    39 days
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    463
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    54
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    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Bradke 518-421-4143,

    Keller Williams West Knoxville 865-966-5005

    Source: East Tennessee Realtors,MLS#: 1347381MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bonus Room
      Heating
      • Central, Propane, Zoned, Electric
      Cooling
      • Central Air, Ceiling Fan(s), Zoned
      Appliances
      • Included: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven
      Features
      • Cathedral Ceiling(s), Wet Bar, Eat-in Kitchen, Bonus Room
      • Flooring: Laminate
      • Windows: ENERGY STAR Qualified Windows
      • Basement: Finished,Bath/Stubbed
      • Number of fireplaces: 1
      • Fireplace features: Stone, Gas Log
      Interior area
      • Total structure area: 1,650
      • Total interior livable area: 1,650 sqft

      Property

      Parking
      • Parking features: Off Street, Designated Parking, Main Level
      Features
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Mountain(s), Country Setting, Trees/Woods
      Lot
      • Size: 435 Square Feet
      • Features: Wooded, Irregular Lot, Rolling Slope
      Details
      • Parcel number: 117G A 001.00

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin,Chalet
      • Property subtype: Single Family Residence
      Materials
      • Other, Wood Siding, Block
      Condition
      • Year built: 1987

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Shared Well

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Condo Villa III
      HOA
      • Has HOA: Yes
      • Services included: All Amenities, Maintenance Grounds
      • HOA fee: $695 quarterly
      Location
      • Region: Gatlinburg

      Financial & listing details

      • Price per square foot: $394/sqft
      • Tax assessed value: $198,700
      • Annual tax amount: $735
      • Date on market: 7/8/2026
      • Listing terms: FHA,Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/4/2026Price change$649,900-1.5%$394/sqft
        Source: East Tennessee Realtors #1347381 Report a problem
        7/8/2026Listed for sale$659,900+3.9%$400/sqft
        Source: East Tennessee Realtors #1347381 Report a problem
        1/26/2024Sold$635,000-5.9%$385/sqft
        Source: East Tennessee Realtors #1240377 Report a problem
        12/22/2023Pending sale$675,000$409/sqft
        Source: East Tennessee Realtors #1240377 Report a problem
        10/13/2023Price change$675,000-3.4%$409/sqft
        Source: East Tennessee Realtors #1240377 Report a problem
        9/21/2023Listed for sale$699,000+323.6%$424/sqft
        Source: East Tennessee Realtors #1240377 Report a problem
        8/29/2007Sold$165,000$100/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$735 $49,675
        2024$735 $49,675
        2023$735 $49,675
        2022$735 $49,675
        2021-- $49,675 +56.1%
        2020$592 $31,825
        2019$592 $31,825
        2018$592 0%$31,825
        2017$592 $31,825
        2016$592 $31,825 -8.1%
        2015-- $34,625 +0%
        2014$564 $34,624
        2013$564 $34,624
        2012$564 $34,624
        2011$564 $34,624
        2010-- $34,624 -3.1%
        2009$550 $35,737
        2008$550 $35,737
        2007$550 +14.9%$35,737
        2006$479 -19.3%$35,737
        2005$593 +51.3%$35,737 +51.3%
        2004$392 +14.5%$23,624
        2002$343 $23,624
        2001-- $23,624 -82.9%
        2000-- $137,840
        Find assessor info on the county website

        Monthly payment

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        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.
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        Climate risks

        Neighborhood: 37738

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