1940 Wears Valley Road, Sevierville, TN, 37862

Address

1940 Wears Valley Road, Sevierville, TN

Listing Type

Active

Price

$ 3,400,000

Property Attributes

MLS#311491
TypeSingle Family
Listing Status Active
CountySevier
CitySevierville
AreaSevierville
NeighborhoodOther
Zip37862
Style
Year Built1968
Taxes$ 8363
Price$ 3,400,000
Bedrooms7
Full Bathrooms13
Half Bathrooms3
Sqr Footage10578
Lot Size20.6 Acres

Data Source:

Great Smoky Mountains MLS (GSMMLS)

Property Description

MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL! This rare offering includes five established STR cabins currently operating on the overnight rental program, along with multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for additional build sites--creating an opportunity to expand your portfolio. Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEEP ROADS--an extremely desirable and rare feature for guests and investors alike. Guests will love the peaceful creekside setting, paved access throughout, and the privacy of a true mountain retreat while still being close to everything the Smokies have to offer. Cabin configurations currently include a mix of 1BR, 3BR, 4BR, and 7BR units, allowing for a diverse rental strategy targeting couples, families, and large groups. Whether you're looking to scale an existing STR portfolio or develop a high-performing investment community from the ground up, this property delivers flexibility, location, and long-term upside.

Price History
4/24/2026	Listed $3,400,000

General Features

Sewer	Septic Tank
Heating	Central,Heat Pump
Cooling	Central Air,Heat Pump
Possession	Close Of Escrow
Roof	Metal
Appliances	Dishwasher,Dryer,Electric Range,Microwave,Refrigerator,Self Cleaning Oven,Washer
Zoning	R1
Patio/Porch Features	Covered,Deck,Porch
Architectural Style	Cabin,Chalet,Log
Pool Features	Hot Tub
Construction Materials	Block,Frame,Log,Wood Siding
Year Built	1968
Levels	Two
Property Subtype	Single Family Residence
Tax Year	2025
Waterfront Features	Creek,Stream,Waterfront
County	Sevier
New Construction	false
Property Type	Residential
HOA	false
Attached Garage	false
Subdivision Name	Other
Garage Y/N	false
Other Structures	Gazebo
Full Baths	13
Status	Active
Directions	Take Hwy 66 towards Pigeon Forge Take a Right on to Wears Valley Road property on R. See sign.
City	Sevierville
Disclosures	Seller Disclosure,Lead Based Paint
MLS Area	Sevierville
Lot Size Units	Acres
Lot Size Square Feet	897336
Tax Annual Amount	8363.11
MLS Area Minor	Sevierville
Standard Status	Active
Tax Lot	TR-2
Occupancy	Either

Interior Features

Interior Amenities	Cathedral Ceiling(s),Kitchen/Dining Combo,Living/Dining Combo,Soaking Tub
Basement	Finished,Walk-Out Access
Flooring	Carpet,Hardwood,Tile
Furnished Y/N	Furnished
Total Fireplaces	3
Fireplace Features	Electric,Other
Total Stories	2
Air Conditioning Y/N	true
Heating Y/N	true
Fireplace Y/N	true
Above Grade Finished Area	10578
Half Baths	3
Total Bedrooms	7
Total Baths	16

Exterior Features

Parking Features	Asphalt,Off Street
Lot Features	Views,Waterfront,Wooded,See Remarks
Water Source	Well
Lot Size Area	20.6
Building Area Total	10578
Lot Size Acres	20.6
Frontage Type	Waterfront,See Remarks
Waterfront Y/N	true