by Lee Lin

Check Availability
Sevier 37862
1540 Rainbow Ridge Way
$742,500
↓ $3K (0.3%)
● House - For Sale

1540 Rainbow Ridge Way

Sevierville, TN 37862
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,246 Ft²
$3,988
Est. Monthly
$100
HOA / Fees

About This Property

Turnkey Smoky Mountain investment cabin with the kind of layout STR buyers are hunting for: four private en-suite bedrooms, transferable bookings, and clear upside with continued optimization.

This fully furnished Sevierville cabin is already positioned as a strong short-term rental, with projections showing potential to reach $100,000+ gross revenue once fully optimized. Even better, there are approximately $21,500 in Q4 bookings that may transfer to the buyer, giving the next owner the opportunity to start with income already on the books -- with plenty of open dates still left to capture.

Tucked into a quiet Sevierville neighborhood just behind the Tanger Outlets, the location gives guests the best of both worlds: a true Smoky Mountain cabin feel with quick access to Dollywood, the Parkway, dining, shopping, and the attractions families come here for. Easy access, real privacy, and a proven rental location make this one a strong fit for investors looking for both guest appeal and operational simplicity.

Inside, 2,246 square feet across three levels provides the space and separation larger groups want. Two king suites, each with a jacuzzi tub and private bath, anchor the home, while two additional queen bedrooms each offer their own en-suite bath. Every bedroom functions as a private retreat -- a major selling point for multi-family groups and one of the layout features that can help command stronger nightly rates.

The great room delivers the mountain-lodge experience guests expect, with soaring cathedral ceilings and a floor-to-ceiling stacked-stone fireplace. The kitchen is built for gatherings, featuring granite countertops, stainless appliances, and ample cabinetry. Downstairs, the lower-level game room with arcade games, air hockey, extra seating, and a second fireplace gives guests another place to spread out and enjoy the cabin.

Outdoor living is just as important in the Smokies, and this cabin delivers with two covered back decks, a covered front porch, mountain views, outdoor dining, and a six-person hot tub -- the kind of spaces guests remember, review, and rebook for.

Recent updates, including the HVAC system and a new water heater, add peace of mind and help reduce surprises for the next owner. With transferable Q4 bookings, a rare four-suite layout, turnkey furnishings, strong projected upside, and a location guests already love, this cabin is well-positioned to keep performing from day one.

Ask for the current bookings, projections, and walkthrough video.
Unit Size
2,246 Ft²
Days on Market
78 days
Land Size
-
Price per sqft
$331
Property Type
House
Property Taxes
$242
HOA Dues
$100
Year Built
2005

Listed By

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Last updated: 2 months ago ( #313400)

Price History

Date / Event Date Event Price
Sep 25, 2026 Price Decreased $742,500
↓ $3K (0.3%)
Price Decreased
Aug 20, 2026 Listed by eXp Realty, LLC 7720 $745,000
Listed by eXp Realty, LLC 7720
Aug 1, 2026 No longer available -
No longer available
Jul 11, 2026 Price Decreased $744,999
↓ $5K (0.7%)
Price Decreased
May 30, 2026 Price Decreased $749,999
↓ $5K (0.7%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace
Interior Details
Full Bathrooms: 4
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Great Room
Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Flooring Type: Carpet, Wood
Has Fireplace
Fireplace Features: Electric
Fireplaces: 2
Basement: Finished
Exterior Details
Square Footage: 2246
Architectural Style: Cabin
Year Built: 2005
Building Area Total: 2246
Levels: Three Or More
Patio and Porch Features: Covered, Deck, Porch
Tax Lot: 12
Water Source: Public
Financial Details
Tax Annual Amount: $2,904
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA Fee: $100
HOA Fee Frequency: Monthly

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,592
  • Gross Building Area: 2,592
  • Building Area: 2,592
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,592
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: RAINBOW RIDGE
  • Land Acres: 0000001000
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: RAINBOW RIDGE PB LM-7 PG 181 LOT 12

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 081002

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 072K
  • District: 05
  • Parcel: 072K-D-001.00-012
  • Lot: 12
  • Municipality: SEVIER COUNTY
  • Latitude: 35.8292
  • Longitude: -83.5594

    Address

  • Full Address: 1540 Rainbow Ridge Rd
  • Address - House Number: 1540
  • Address - Street Name: Rainbow Ridge
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Sevierville
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 864
  • Tax Year: 2023
  • Tax Amount: $290,400
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 545,903
  • High Value: 796,546
  • Low Value: 295,259

    Market Valuation

  • Market Total Value: $490,600
  • Market Land Value: $42,000
  • Market Improvement Value: $448,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $196,240
  • Assessed Land Value: $16,800
  • Assessed Improvements Value: $179,440

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 15, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20031827
  • Previous Sale Recording Date: May 15, 2019
  • Previous Sale Contract Date: May 10, 2019
  • Previous Sale Amount: $470,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sevier


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Frequently Asked Questions

When was property at 1540 Rainbow Ridge Way built and last sold?
The property at 1540 Rainbow Ridge Way was built in 2005 and last sold on Sep 8, 2020 for $519,900.
How much is this home worth?
The estimated value of the home located at 1540 Rainbow Ridge Way is $732,077.
What are some comparable homes to 1540 Rainbow Ridge Way?
There are currently no comparable homes to 1540 Rainbow Ridge Way.