720 Octagon Drive, Gatlinburg, TN 37738
$679,000
Property Type:
Single Family
Bedrooms:
3
Square Footage:
1,684
Lot Size (sq. ft.):
436
Status:
Pending - Continue to Show - Inspection
Current Price:
$679,000
List Date:
1/30/2026
Last Modified:
2/09/2026
Description
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.
More Information MLS# 1328110
Contract Info
Auction Y/N: No
Occupancy: Either
Listing Price: 679000
Current Price: $679,000
Status: Pending - Continue to Show - Inspection
Listing Date: 2026-01-30
Location, Tax & Legal Info
Area: Sevier County - 27
Property Sub-Type: Residential
City/County Code: County
Total Tax: 1312.46
General Property Description
Type: 2 Story
# Bedrooms: 3
Acres: 0.01
Acre Source: Other
# of Rooms: 8
Restrictions: Yes
Site Built: Yes
Fireplace: Yes
HOA Fee: 695
HOA Freq: Quarterly
HOA Contact: HOA Management Group Inc.
Property Status: N/A
SqFt - Main Lvl: 884
SqFt - Down Lvl: 800
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 1
HOA: Mandatory
Basement: Yes
Bonus Room: No
SqFt - Total (Aprox): 1684
Baths - Full: 3
Year Built: 1997
Remarks & Misc
Directions: From Gatlinburg turn onto Hwy 321N East Parkway. Turn left onto Ridge Rd. Turn right onto Cartertown Rd. Go 1.1 miles turn left onto E Foothills Dr. Follow E. Foothills Dr. and turn right on Octagon Dr. Follow to property on left.
Public Remarks: 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.
Atchd/Dtchd Type
Detached: 1
Style
Cabin: 1
Construction
Block: 1
Frame: 1
Siding
Wood: 1
Fireplace
Gas Log: 1
Cooling
Ceiling Fan(s): 1
Central Cooling: 1
Floors
Luxury Vinyl Plank: 1
Garage/Parking
Designated Parking: 1
Basement
Finished: 1
Walkout: 1
Lot Description
Irregular Lot: 1
Fuel
Electric: 1
Propane: 1
View
Mountain View: 1
Heat
Central: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Other Rooms
Basement Rec Room: 1
Mstr Bdrm Main Level: 1
Exterior Features
Deck: 1
Misc Features
Cathedral Ceiling(s): 1
Hot Tub: 1
Washer/Dryer Connect: 1
Whirlpool Tub: 1
Wired for Internet: 1
Sewer
Septic Tank: 1
Water
Public: 1
Association Fee Incl
Grounds Maintenance: 1
Some Amenities: 1
New Financing
Cash: 1
Conventional: 1
Exchange: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 720
Street Name: Octagon
St Suffix: Drive
State/Province: TN
Zip Code: 37738
PIN #: 117G A 001.00
Subdivision: Condo Villas Iii
Geo Lat: 35.744058
Geo Lon: -83.484819
Status Change Info
Status Change Date: 2026-02-09
Under Contract Date: 2026-02-09
Property Features
Style: Cabin
Construction: Block; Frame
Siding: Wood
Basement: Finished; Walkout
Lot Description: Irregular Lot
View: Mountain View
Fireplace: Gas Log
Floors: Luxury Vinyl Plank
Fuel: Electric; Propane
Heat: Central
Cooling: Ceiling Fan(s); Central Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Sewer: Septic Tank
Water: Public
Other Rooms: Basement Rec Room; Mstr Bdrm Main Level
Misc Features: Cathedral Ceiling(s); Hot Tub; Washer/Dryer Connect; Whirlpool Tub; Wired for Internet
Exterior Features: Deck
Association Fee Incl: Grounds Maintenance; Some Amenities
Showing: See Agent Instructns
New Financing: Cash; Conventional; Exchange
Listing Office:
eXp Realty, LLC
IDX
Office Phone: 888-519-5113
Last Updated: February - 09 - 2026
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