Tucked in the heart of Gatlinburg with a beautiful mountain view, this fully updated 3 bedroom cabin is a proven income-producing short-term rental and a turnkey investment. The property grossed approximately $70,000 while operating only ¾ of the year in 2025 and before recent improvements. Since completion of updates, bookings have surged, positioning this cabin to realistically achieve $100,000-$115,000+ in annual rental income.
Recent upgrades include freshly painted exterior siding, an updated kitchen, and interior enhancements that elevate both guest experience and nightly rates. The layout is ideal for vacationers, offering comfortable sleeping arrangements, inviting living spaces, and a setting that captures the Smokies while remaining close to all the attractions Gatlinburg is known for.
Whether you're looking for a high-performing short-term rental or a mountain getaway that pays for itself, this cabin checks every box. Strong historical performance, upgraded condition, and a desirable view make this a standout opportunity in one of the Smokies' most in-demand markets.
Closed
$670,000
720 Octagon Dr, Gatlinburg, TN 37738
3beds
1,684sqft
Single Family Residence, Residential
Built in 1997
435 Square Feet Lot
$656,100 Zestimate®
$398/sqft
$2,256 Estimated rent
Home value
$656,100
$571,000 - $755,000
$2,256/mo
Zestimate® history
Owner options
List your home for rent
$2,256/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,256/mo
Rent Zestimate®
Refinance and save
$4,497/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,497/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Brandon Thompson 423-310-6236,
eXp Realty
Bought with:
Jeana Rose Maddux, 348719
eXp Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3147047
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Electric, Propane
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Ceiling Fan(s)
- Basement: Finished,Exterior Entry
- Number of fireplaces: 1
Interior area
- Total structure area: 1,684
- Total interior livable area: 1,684 sqft
- Finished area above ground: 884
- Finished area below ground: 800
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 435 Square Feet
- Features: Other
- Topography: Other
Details
- Parcel number: 117G A 00100 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Frame, Other
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: Condo Villas Iii
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds
- HOA fee: $695 quarterly
Location
- Region: Gatlinburg
Financial & listing details
- Price per square foot: $398/sqft
- Tax assessed value: $221,700
- Annual tax amount: $1,312
- Date on market: 1/30/2026
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/10/2026 | Sold | $670,000-1.3%$398/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3147047 Report a problem | ||
| 2/9/2026 | Pending sale | $679,000$403/sqft |
Source:  East Tennessee Realtors #1328110 Report a problem | ||
| 1/30/2026 | Listed for sale | $679,000+47.6%$403/sqft |
Source: East Tennessee Realtors #1328110 Report a problem | ||
| 12/3/2024 | Sold | $460,000+7%$273/sqft |
Source: Public Record Report a problem | ||
| 10/31/2024 | Pending sale | $429,900$255/sqft |
Source:  GSMAR, GSMMLS #303343 Report a problem | ||
| 10/24/2024 | Listed for sale | $429,900$255/sqft |
Source: GSMAR, GSMMLS #303343 Report a problem | ||
| 10/20/2024 | Pending sale | $429,900$255/sqft |
Source: East Tennessee Realtors #1279072 Report a problem | ||
| 10/10/2024 | Listed for sale | $429,900$255/sqft |
Source: GSMAR, GSMMLS #303343 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,312 | $88,680 |
| 2024 | $1,312 | $88,680 |
| 2023 | $1,312 +60% | $88,680 +60% |
| 2022 | $820 | $55,425 |
| 2021 | -- | $55,425 +64.6% |
| 2020 | $626 | $33,675 |
| 2019 | $626 | $33,675 |
| 2018 | $626 +0.1% | $33,675 |
| 2017 | $626 | $33,675 |
| 2016 | $626 | $33,675 -5.2% |
| 2015 | -- | $35,525 0% |
| 2014 | $579 | $35,534 |
| 2013 | $579 | $35,534 |
| 2012 | $579 | $35,534 |
| 2011 | $579 | $35,534 |
| 2010 | -- | $35,534 -2.8% |
| 2009 | $563 | $36,551 |
| 2008 | $563 | $36,551 |
| 2007 | $563 +14.9% | $36,551 |
| 2006 | $490 -19.3% | $36,551 |
| 2005 | $607 +25.9% | $36,551 +25.9% |
| 2004 | $482 +14.5% | $29,040 |
| 2002 | $421 | $29,040 |
| 2001 | -- | $29,040 -82.6% |
| 2000 | -- | $166,715 |
Find assessor info on the county website
Neighborhood: 37738
Nearby homes
- $649,9002 bd3 ba1.6k sqft712 Octagon Dr, Gatlinburg, TN 37738For Sale
- $780,600-- bd3 ba1.3k sqft1032 E Foothills Dr, Gatlinburg, TN 37738Off Market
- $432,6002 bd2 ba884 sqft1102 E Foothills Dr, Gatlinburg, TN 37738Off Market
- $415,300-- bd1 ba884 sqft1060 E Foothills Dr, Gatlinburg, TN 37738Off Market
- $506,7003 bd3 ba1.3k sqft1064 E Foothills Dr, Gatlinburg, TN 37738Off Market
- $473,6002 bd3 ba1.2k sqft1056 E Foothills Dr, Gatlinburg, TN 37738Off Market
- $557,200-- bd1 ba884 sqft708 Octagon Dr, Gatlinburg, TN 37738Off Market
- $386,500-- bd1 ba884 sqft704 Octagon Dr, Gatlinburg, TN 37738Off Market
Nearby schools
GreatSchools rating
- 7/10Pi Beta Phi Elementary SchoolGrades: PK-6Distance: 2.7 mi
- 4/10Pigeon Forge Middle SchoolGrades: 7-9Distance: 7 mi
- 8/10Gatlinburg Pittman High SchoolGrades: 10-12Distance: 2.2 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Tennessee
- Sevier County
- Gatlinburg
- 37738
- 720 Octagon Dr
Nearby cities
Nearby zip codes
Other Gatlinburg Topics
