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
4314 Carolina Cove Way, Pigeon Forge, TN 37863- MLS# 1311792
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