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MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL! This rare offering includes five established STR cabins currently operating on the overnight rental program, along with multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for additional build sites--creating an opportunity to expand your portfolio. Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEEP ROADS--an extremely desirable and rare feature for guests and investors alike. Guests will love the peaceful creekside setting, paved access throughout, and the privacy of a true mountain retreat while still being close to everything the Smokies have to offer. Cabin configurations currently include a mix of 1BR, 3BR, 4BR, and 7BR units, allowing for a diverse rental strategy targeting couples, families, and large groups. Whether you're looking to scale an existing STR portfolio or develop a high-performing investment community from the ground up, this property delivers flexibility, location, and long-term upside.
Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) Nikhia's Loft is a 1BR honeymoon cabin w/ $26k rentals for 2016. (2.) Nature's Dream is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) Rolling Creek is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) On the Creek is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) Hillside Haven, built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) Whispering Brook is currently leased to the caretaker for the property for $500 per month. (7.) Secret Hideaway is the personal cabin used by the owners. It's a 4BR and is not on the rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family retreat or retirement income, check out this unique income producing property. The newest cabin was built in 2008. Other cabins were built prior to that. More photos and video coming soon.
GSMAR #311491
Apr 23, 2026
Listed
$3,400,000
$321/sq ft
Knoxville MLS #1338303
Apr 23, 2026
Listed
$3,400,000
$321/sq ft
+55
MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT WITH PRIVATE BRIDGE AND PAVED ROAD THROUGHOUT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL! This rare offering includes five established STR cabins currently operating on the overnight rental program, along with multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for approximately 8 more build sites--creating an opportunity to expand into a 15+ cabin portfolio. Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEEP ROADS--an extremely desirable and rare feature for guests and investors alike. Guests will love the peaceful creekside setting, paved access throughout, and the privacy of a true mountain retreat while still being close to everything the Smokies have to offer. Cabin configurations currently include a mix of 1BR, 3BR, 4BR, and 7BR units, allowing for a diverse rental strategy targeting couples, families, and large groups. Whether you're looking to scale an existing STR portfolio or develop a high-performing investment community from the ground up, this property delivers flexibility, location, and long-term upside.
REALTRACS as Distributed by MLS Grid #3307527
Apr 23, 2026
Listed
$3,400,000
$321/sq ft
Knoxville MLS #1291933
Aug 16, 2025
Listing Removed
—
Mar 3, 2025
Listed
$3,689,900
$349/sq ft
GSMAR #305235
Mar 5, 2025
Listed
$3,689,900
$349/sq ft
GSMAR #304220
Dec 18, 2024
Listed
$3,689,900
$349/sq ft
Knoxville MLS #1258187
Jan 2, 2025
Listing Removed
—
Nov 12, 2024
Price Changed
$3,689,900
$349/sq ft
Aug 19, 2024
Price Changed
$3,699,900
$350/sq ft
Apr 26, 2024
Price Changed
$4,500,000
$425/sq ft
Dec 6, 2023
Listed
$4,989,900
$472/sq ft
GSMAR #267543
Nov 12, 2024
Price Changed
$3,689,900
$349/sq ft
Aug 19, 2024
Price Changed
$3,699,900
$350/sq ft
Apr 25, 2024
Price Changed
$4,500,000
$425/sq ft
Mar 4, 2024
Price Changed
$4,989,900
$472/sq ft
Dec 6, 2023
Listed
$4,999,900
$473/sq ft
Knoxville MLS #1247545
Mar 31, 2024
Listing Removed
—
Mar 4, 2024
Price Changed
$4,989,900
$472/sq ft
Dec 6, 2023
Listed
$4,999,900
$473/sq ft
Knoxville MLS #1004393
Sep 14, 2017
Sold
$1,200,000
$113/sq ft
Aug 21, 2017
Contingent
—
Jul 1, 2017
Relisted
—
Jul 1, 2017
Price Changed
$1,599,000
$151/sq ft
Jun 20, 2017
Contingent
—
May 30, 2017
Listed
$1,650,000
$156/sq ft
Public Records
Dec 1, 2004
Sold
$642,500
$61/sq ft
Public Records
Aug 11, 1999
Sold
$50,000
$5/sq ft
Public Records
Nov 29, 1989
Sold
$50,000
$5/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,894
2024
$7,894
2023
$7,894 (+52.8%)
2022
$5,167 (−13.4%)
2021
$5,967 (+38.7%)
2020
$4,301
2019
$4,301
2018
$4,301
2017
$4,301
2016
$4,301 (−1.4%)
2015
$4,360 (+15.3%)
2014
$3,780
Public record
Beds
—
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
3 Acres
Year renovated
1991
Finished Sq. Ft.
2,608
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,608
Year built
1968
Style
Single Family Residential
County
Sevier County
APN
104 01000 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
8 days above 98° expected this year, 22 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Sevierville, TN • 37862
Average low and high temperatures (°F)
44
26
54
33
68
44
75
52
75
57
85
65
90
70
83
65
79
59
71
48
62
42
52
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1940 Wears Valley Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $790,000 and $1,420,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $790K to $1.4M.