1579 Rainbow Ridge Way
About This Property
THIS TURNKEY SHORT-TERM RENTAL IS DESIGNED TO MAXIMIZE GUEST EXPERIENCE AND INVESTMENT POTENTIAL. THIS LUXURY MULTI LEVEL CABIN OFFERS THE HIGH-DEMAND AMENITIES TODAY'S VACATION RENTERS ARE ACTIVELY SEARCHING FOR, INCLUDING AN INDOOR HEATED POOL, PRIVATE THEATER, GAME ROOM, HOT TUB, MULTIPLE ENTERTAINMENT SPACES, EXPANSIVE COVERED DECKS WITH MOUNTAIN VIEWS, AND AN IDEAL LOCATION JUST MINUTES FROM DOLLYWOOD, PIGEON FORGE, GATLINBURG, THE ISLAND, AND THE GREAT SMOKY MOUNTAINS NATIONAL PARK. THOUGHTFULLY DESIGNED TO ACCOMMODATE LARGE GROUPS WHILE PROVIDING COMFORT, PRIVACY, AND MEMORABLE GUEST EXPERIENCES, THIS PROPERTY IS PURPOSE-BUILT FOR TODAY'S STR MARKET.**
From the moment you arrive, you'll appreciate the quality craftsmanship and inviting rustic-modern design that blends timeless mountain charm with today's most desirable finishes. Inside, the open-concept main level creates an ideal gathering space where family and friends can comfortably relax together. The spacious living room features an electric fireplace and flows seamlessly into the dining area and beautifully appointed kitchen complete with generous cabinetry, abundant workspace, bar seating, and everything needed to comfortably serve large groups.
The main level also features two spacious king suites, each offering private ensuite bathrooms, creating comfortable accommodations with added privacy for multiple families or couples traveling together.
The upper level was carefully designed to maximize sleeping capacity without sacrificing comfort. Two queen bedrooms share a well-appointed full bath, while an additional queen bunk suite features its own private ensuite bathroom. Completing this level is another spacious king suite with a private ensuite bath and direct access to its own outdoor deck, allowing guests to enjoy the peaceful mountain surroundings.
Designed with entertainment in mind, the lower level offers an impressive collection of amenities that encourage guests to extend their stay and create lasting memories. The game room includes arcade games, foosball, board games, and a spacious lounge area perfect for all ages. Just beyond, the dedicated theater room provides a true cinematic experience with oversized screen and comfortable seating for movie nights, sporting events, or family entertainment.
One of the property's standout features is the private indoor heated swimming pool, providing year-round enjoyment regardless of weather or season. This sought-after amenity continues to be one of the most desirable features for vacation rental guests and is complemented by an additional full bathroom for added convenience.
Outdoor living is equally impressive with three expansive levels of covered decks designed to embrace the surrounding mountain setting. Guests can enjoy outdoor dining, prepare meals on the grilling deck, relax in the hot tub after a day of exploring, or simply unwind while taking in the mountain views from multiple outdoor gathering areas.
Built with today's vacation traveler in mind, the cabin offers generous bedroom accommodations, multiple gathering spaces that allow large groups to spread out comfortably, and premium amenities that enhance both owner enjoyment and rental appeal. High-speed internet, quality finishes throughout, spacious bathrooms, laundry area, and thoughtfully designed common areas create a property that is equally suited as a luxury second home or an exceptional investment opportunity.
**Check out the 3D tour and video!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Price Decreased |
$1,390,000
↓ $60K
(4.1%) | |
| Price Decreased | |||
| Aug 5, 2026 | Listed by Tennessee Elite Realty | $1,449,900 | |
| Listed by Tennessee Elite Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017