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708 Octagon Drive, Gatlinburg, TN 37738
$859,900 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
3
baths
1,561
sqft
Built in
1987
Nestled in the heart of Gatlinburg, this stunning octagon shaped cabin offers an unparalleled opportunity for both homeownership and investment. This exquisite cabin, recently fully remodeled, stands as a testament to quality craftsmanship and thoughtful design, ensuring a comfortable and luxurious living experience. Property Features Located in desired Blue Ridge Mountain Resort, this home boasts a unique architectural design that harmonizes with the natural beauty of the Smoky Mountains. The property features spacious living areas, high ceilings, and an abundance of natural light, creating an inviting and comfortable atmosphere. The interior is tastefully appointed with modern amenities and finishes, ensuring a luxurious living experience. Investment Potential Gatlinburg is renowned for its vibrant tourism industry, attracting millions of visitors annually who come to explore the Great Smoky Mountains National Park, enjoy the lively downtown area, and partake in a variety of outdoor activities. This steady influx of tourists makes this property an ideal candidate for an overnight rental income property. Sort Term Rental Income As an overnight rental, this property offers significant income potential. The home's location provides easy access to popular attractions, dining, and entertainment options, making it highly desirable for short-term renters. The picturesque views and proximity to nature trails and outdoor adventures further enhance its appeal to vacationers seeking a memorable stay. Key Highlights Prime Location: Situated in a sought-after area of Gatlinburg, close to major tourist attractions and amenities. Modern Amenities: Equipped with state-of-the-art appliances, comfortable furnishings, and high-speed internet. Scenic Views: Stunning vistas of the Smoky Mountains, providing a serene and captivating backdrop. Outdoor Spaces: Ample outdoor areas for relaxation and recreation, including a spacious deck with gas fire pit. Tourist Attraction Proximity: Minutes away from the Great Smoky Mountains National Park, Ober Gatlinburg, and the bustling downtown area. Investing in this property is not just about acquiring a beautiful home; it's about capitalizing on the robust tourism market of Gatlinburg, TN. Whether you envision it as a permanent residence or a lucrative Airbnb/VRBO rental, this property offers the best of both worlds. Seize the opportunity to own a piece of this thriving community and enjoy the financial benefits of an income-generating rental property in one of Tennessee's most popular tourist destinations. For more information on how to make this dream a reality, or to schedule a viewing, please contact us at your earliest convenience. Buyer to verify all information.
Features & Amenities
Interior
- General:
- Cathedral Ceiling(s), Eat-in Kitchen
- Appliances:
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Smoke Detector, Washer
- Basement:
- Finished, Plumbed, Walkout, Outside Entr Only
- Flooring:
- Laminate, Vinyl
- A/C:
- true, Central Cooling, Ceiling Fan(s)
- Heating:
- true, Central, Electric
- Fireplace:
- Electric, Fireplace, Fireplaces: 1
Exterior
- General:
- Porch - Covered, Deck
- Style:
- Cabin
- Parking:
- Designated Parking, Off-Street Parking
Construction
- General:
- Stone, Wood Siding, Block, Brick
Location
- HOA Amenities:
- Clubhouse, Pool, All Amenities, Grounds Maintenance, 240.0, Monthly
- Originating MLS:
- East Tennessee REALTORS® MLS
- County:
- Sevier County - 27
Lot
- Zoning:
- 117G A 001.00
- View:
- Mountain View
Utilities
- Water:
- Public
- Sewer:
- Septic Tank
Financial
- Source:
- East Tennessee REALTORS® MLS
This listing courtesy of:
United Real Estate Solutions
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Gatlinburg, TN
Housing
- Number of Units
- 5,691
- Median Home Value
- $223,661
- Median Rent
- $636
29.55% of housing units are renter occupied.
65.74% are vacant.
Commute
- Car
-
70.63%
- Public Transportation
-
3.19%
- Walk to Work
-
10.84%
- Work from Home
-
13.79%
- Other
-
1.30%
The median travel time to work is 18 minutes.
People
- Population
- 4,427
- Median Age
- 47.20
- Median Household Size
- 2.42
Education
- High School
-
30.68%
- Associate’s Degree
-
7.74%
- Bachelor’s Degree
-
15.58%
- Graduate Degree
-
6.92%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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