1909 Cheyene Trail
About This Property
Discover an exceptional opportunity in the Ponderosa Ranch community on Douglas Lake. This unique offering includes six lots with lake views and one waterfront lot, providing endless possibilities for personal use, vacation homes, or short-term rental investment.
Property Highlights:
Lot 85 (1909 Cheyene Trail): Features a charming 2-bedroom, 1.5-bath cottage that needs some TLC but has tremendous potential as a lakeside retreat.
Lot 86: Includes an existing concrete block two-car garage with ample space to build an additional lake-view cottage.
Lot 81: Located directly across from the cottage, this waterfront lot offers approximately 250 feet of road frontage and direct access to Douglas Lake.
Lots 88 & 89: Front Fargo Trail and provide additional development opportunities.
Lot 87: A versatile corner lot fronting Bootbluff Road, Fargo Trail, and Cheyene Trail, totaling just over 0.50 acre.
Light community restrictions allow campers, mobile homes, and RVs, making this property ideal for a variety of uses, including short-term rentals.
Enjoy all that Douglas Lake has to offer, including more than 500 miles of shoreline and recognition as one of the top bass fishing lakes in the United States. The property is surrounded by breathtaking Great Smoky Mountain views and is conveniently located near the attractions, dining, shopping, and entertainment of Sevierville, Pigeon Forge, and Gatlinburg.
Drone photos available.
Whether you're seeking a private lake getaway, a family compound, or an income-producing investment property, this unique package offers outstanding potential in one of East Tennessee's most desirable recreational areas.
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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 |
|---|---|---|---|
| Jun 17, 2026 | Listed by Prime Mountain Properties | $399,999 | |
| Listed by Prime Mountain Properties | |||
| Apr 19, 2024 | Listed by Prime Mountain Properties | $419,900 | |
| Listed by Prime Mountain Properties | |||
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Six lots for sale in Ponderosa Ranch Community of Douglas Lake with approximately 2.54 acres with lake views, and one lake front lot. Lot 85/1909 Cheyene Trail has a 2BR/1.5BA cottage that will need a little TLC, but could be made into a great lakeside cottage. Lot 86 has an existing concrete block 2 car garage and room to build another lake view cottage. Lot 81 is across the street from the cottage and offers direct lake front access with approximately '250 ft of road frontage. Lot(s) 88 & 89 front Fargo Trail with Lot 87 fronting Bootbluff Rd, Fargo Trail, as well as Cheyene Trail at just over a .50 acre. Light restrictions allow for campers, mobile homes, and RV's, and may be used as a short-term-rental investment! Douglas Lake offers over 500 miles of shoreline and is ranked within the top 10 U.S. Lakes for bass fishing lakes. Surrounded by the beautiful views of the Great Smoky Mountains and within close proximity to all the exciting tourist venues in Sevierville, Pigeon Forge, and Gatlinburg. Drone Photos of property.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017