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13
Photos
1935 Elk Springs Way, Gatlinburg, TN 37738
$795,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
3
baths
2,610
sqft
Built in
2006
Your dream investment cabin has just hit the market! ''Mountain Magic'' is a three bedroom, three bath cabin in Elk Springs Resort just outside of Gatlinburg in the Glades Arts & Crafts Community. The cabin has produced a consistent rental income for many years and the low operating costs create an appealing investment opportunity. The property produced $78,009 (2021) and $66,749 (2022) the past two years. These figures only include rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes. The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces (and other gas appliances) will heat effectively and efficiently! Operating costs are surprisingly low and among the lowest you'll see for a three bedroom STR cabin of its size in Sevier County. Monthly averages of electric at $264.71, community septic $78.14, gas $104.29, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs equate to some of the lowest cost of operation for a quality three bedroom cabin in our market. There are decks and porches galore at ''Mountain Magic'' allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. There is even a pretty decent view off the porches to take in the grandeur of the Smokies. ''Mountain Magic'' doesn't lack fun or amenities with a nice wet bar and pool table in the game room area. Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! This is a well maintained cabin with the same owner operating and owning the property since 2009, a lack of turnover rarity in our short term rental market. The convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market.
Features & Amenities
Interior
- General:
- Cathedral Ceiling(s), Ceiling Fan(s), Great Room, High Speed Internet, Wet Bar
- Appliances:
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry:
- Electric Dryer Hookup, Washer Hookup
- Flooring:
- Wood
- Fireplace:
- Gas Log, Fireplace, Fireplaces: 1
Exterior
- General:
- Rain Gutters
- Style:
- Cabin, Log
- Pool:
- Hot Tub
- Parking:
- Asphalt, Driveway, Paved
Construction
- Roofing:
- Metal
- Windows:
- Double Pane Windows, Window Treatments
- General:
- Log, Log Siding, Wood Siding
Location
- Road/Access:
- Private Road
- HOA Amenities:
- Other, Cable TV, Internet, Maintenance Grounds, Roads, Water, 150.0, Monthly
- Originating MLS:
- Great Smoky Mountains Association of REALTORS®
- County:
- Sevier
Lot
- Zoning:
- R-1, 107 116.00
- Fencing:
- None
Utilities
- Utilities:
- Cable Available, High Speed Internet Available
- Water:
- Public
- Sewer:
- SharedSeptic
Financial
- Source:
- Great Smoky Mountains Association of REALTORS®
This listing courtesy of:
Smoky Mountain Real Estate Cor
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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