4314 Carolina Cove Way, Pigeon Forge, TN 37863
$3,870,000

























































Property Type:
Multi-Family
Square Footage:
3,051
Lot Size (sq. ft.):
97,574
Status:
Active
Current Price:
$3,870,000
List Date:
8/12/2025
Last Modified:
9/30/2025
Description
Seller offering a $75,000 buydown credit! 3 properties included! $440,000+ combined gross income from July 2024 to June 2025 from this exceptional short-term rental package featuring three high-performing cabins. This rare trifecta includes small, medium, and large cabins—offering a variety of guest experiences and income streams for the discerning 1031 exchange investor.
The small and medium cabins are located in the sought-after Chalet Village area of Gatlinburg, where bookings remain strong even through the winter months. The large cabin, located at 4314 Carolina Cove in Pigeon Forge, offers an amenity rarely found in the Smokies—its own outdoor swimming pool—making it a highly desirable choice for larger groups and extended bookings.
1256 Bear Cub Way, Gatlinburg - 3 beds, 3 abths - Stunning mountain views, including the slopes at Ober Gatlinburg.
2226 St Moritz Ct, Gatlinburg - 2 bed, 2 bath- Beautiful mountain views and a direct overlook of Ober Gatlinburg.
4314 Carolina Cove, Sevierville - 5 bed, 5 baths - Resort-style retreat with private outdoor pool, ideal for larger parties.
This turnkey investment includes established bookings, professional property management in place (with the option to retain or self-manage), and the potential for bonus depreciation if closed in 2025. Seller is willing to assist with a smooth transition, including PM referrals, cost segregation referrals, and transfer of VRBO ratings and reviews:
Large cabin: 10.0 rating (https://www.vrbo.com/3973745)
Medium cabin: 10.0 rating (https://www.vrbo.com/4005922)
Small cabin: 9.4 rating
(https://www.vrbo.com/3973746)
A rare opportunity to own three of the Smokies' top-producing STR properties with proven performance and exceptional guest appeal. Current property manage is willing to continue managing if wanted.
More Information MLS# 1311792
Location, Tax & Legal Info
Area: Sevier County - 27
City/County Code: County
Total Tax: 4405.66
Contract Info
Auction Y/N: No
Listing Price: 3870000
Current Price: $3,870,000
Status: Active
Listing Date: 2025-08-12
General Property Description
Lot Dimensions: 2.24 acres
Lot Size SqFt: 97574
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: Yes
SqFt - Total (Aprox): 3051
Number of Units: 3
Year Built: 2008
Remarks & Misc
Directions: Turn right at Light 10 on Parkway, Conner Heights Rd becomes Mill Creek Rd. Left at horse ranch to stay on Mill Creek Rd. Left on Carolina Cove Way. 2nd driveway on Right.
Public Remarks: Seller offering a $75,000 buydown credit! 3 properties included! $440,000+ combined gross income from July 2024 to June 2025 from this exceptional short-term rental package featuring three high-performing cabins. This rare trifecta includes small, medium, and large cabins—offering a variety of guest experiences and income streams for the discerning 1031 exchange investor.
The small and medium cabins are located in the sought-after Chalet Village area of Gatlinburg, where bookings remain strong even through the winter months. The large cabin, located at 4314 Carolina Cove in Pigeon Forge, offers an amenity rarely found in the Smokies—its own outdoor swimming pool—making it a highly desirable choice for larger groups and extended bookings.
1256 Bear Cub Way, Gatlinburg - 3 beds, 3 abths - Stunning mountain views, including the slopes at Ober Gatlinburg.
2226 St Moritz Ct, Gatlinburg - 2 bed, 2 bath- Beautiful mountain views and a direct overlook of Ober Gatlinburg.
4314 Carolina Cove, Sevierville - 5 bed, 5 baths - Resort-style retreat with private outdoor pool, ideal for larger parties.
This turnkey investment includes established bookings, professional property management in place (with the option to retain or self-manage), and the potential for bonus depreciation if closed in 2025. Seller is willing to assist with a smooth transition, including PM referrals, cost segregation referrals, and transfer of VRBO ratings and reviews:
Large cabin: 10.0 rating (https://www.vrbo.com/3973745)
Medium cabin: 10.0 rating (https://www.vrbo.com/4005922)
Small cabin: 9.4 rating
(https://www.vrbo.com/3973746)
A rare opportunity to own three of the Smokies' top-producing STR properties with proven performance and exceptional guest appeal. Current property manage is willing to continue managing if wanted.
Property Sub-Type
Other: 1
Construction
Block: 1
Frame: 1
Log: 1
Type of Units
3 or more Bdrm Units: 1
Furnished: 1
Other: 1
Siding
Log: 1
Other: 1
Sale Includes
All Furnishings: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Carpet: 1
Hardwood: 1
Laminate: 1
Tile: 1
Vinyl: 1
Garage/Parking
Off-Street Parking: 1
On Premise Parking: 1
Fuel
Gas (Natural): 1
Heat
Central: 1
Heat Pump: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Other: 1
Other Rooms
2nd Rec Room: 1
Roof
Metal: 1
Shingle: 1
Exterior Features
Balcony: 1
Deck: 1
Patio: 1
Pool - Swim (Ingrnd): 1
Porch - Covered: 1
Windows - Insulated: 1
Windows - Storm: 1
Misc Features
Cathedral Ceiling(s): 1
Hot Tub: 1
Indoor Pool: 1
Walk-in Shower: 1
Washer/Dryer Connect: 1
Wired for Internet: 1
New Financing
Cash: 1
Conventional: 1
New Loan: 1
Other: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 4314
Street Name: Carolina Cove
St Suffix: Way
State/Province: TN
Zip Code: 37863
PIN #: 115F A 002.00
Subdivision: Serenity Cove Unit 2
Geo Lat: 35.74171
Geo Lon: -83.563446
Status Change Info
Status Change Date: 2025-08-12
Property Features
Property Sub-Type: Other
Type of Units: 3 or more Bdrm Units; Furnished; Other
Sale Includes: All Furnishings
Floors: Carpet; Hardwood; Laminate; Tile; Vinyl
Fuel: Gas (Natural)
Heat: Central; Heat Pump
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Washer; Other
Construction: Block; Frame; Log
Roof: Metal; Shingle
Siding: Log; Other
Exterior Features: Balcony; Deck; Patio; Pool - Swim (Ingrnd); Porch - Covered; Windows - Insulated; Windows - Storm
Misc Features: Cathedral Ceiling(s); Hot Tub; Indoor Pool; Walk-in Shower; Washer/Dryer Connect; Wired for Internet
Other Rooms: 2nd Rec Room
New Financing: Cash; Conventional; New Loan; Other
Showing: See Agent Instructns
Listing Office: Epique Realty
Office Phone: 888-893-3537
Last Updated: September - 30 - 2025
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