LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio.
Single-familyProperty Type
2006Year Built
435 sq ftLot Size
$330Est. Price/Sq.Ft.
Listed by Danielle Henderson• Tennessee Mountain Real Estate
•865-585-1062 (agent)
•hendersontnhomes@gmail.com (agent)
•865-980-8830 (broker)
•pamelasheehan22@gmail.com (broker)
Listed by Noah Henderson• Tennessee Mountain Real Estate
•865-980-8830 (broker)
•pamelasheehan22@gmail.com (broker)
Bought with Non Member Non Member• Non-Member Office
LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio. You can see the cabin's heavily booked calendar at the website below.
Knoxville MLS #1156867
Oct 22, 2021
Sold
$975,000
$301/sq ft
Sep 17, 2021
Contingent
—
Aug 25, 2021
Relisted
—
Jul 25, 2021
Contingent
—
Jul 12, 2021
Price Changed
$999,999
$309/sq ft
Jun 30, 2021
Price Changed
$1,050,000
$324/sq ft
Jun 17, 2021
Listed
$1,100,000
$340/sq ft
GSMAR #215945
Jul 12, 2018
Sold
$525,000
$162/sq ft
GSMAR #205231
Oct 14, 2016
Sold
$285,000
$88/sq ft
Knoxville MLS #976767
Oct 14, 2016
Sold
$285,000
$88/sq ft
Sep 5, 2016
Contingent
—
Aug 27, 2016
Listed
$275,000
$85/sq ft
GSMAR #165330
Feb 16, 2011
Listed
$299,000
$92/sq ft
Knoxville MLS #513343
Jul 26, 2006
Listed
$699,900
$216/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,378
2024
$3,378
2023
$3,378 (+60.0%)
2022
$2,111
2021
$2,111 (+45.9%)
2020
$1,447
2019
$1,447
2018
$1,447
2017
$1,447
2016
$1,447 (+12.6%)
2015
$1,285 (+15.2%)
2014
$1,115
Tax history for 1520 Rainbow Ridge Way
Year
Property tax
Land + Additions
Assessment*
2025
$3,378
2024
$3,378
2023
$3,378 (+60.0%)
2022
$2,111
2021
$2,111 (+45.9%)
2020
$1,447
2019
$1,447
2018
$1,447
2017
$1,447
2016
$1,447 (+12.6%)
2015
$1,285 (+15.2%)
2014
$1,115
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Directions: From Downtown Sevierville, TN Take Veterans Blvd and Ridge Rd to Rainbow Rd 8 min (4.3 mi) Continue on Rainbow Rd. Drive to Rainbow Ridge Way 2 min (0.6 mi) Arrive at 1520 Rainbow Ridge Way Sevierville, TN 37862