2256 Lone Ridge Drive
About This Property
With just under 3 acres, this property provides more than enough room to kick back and relax while being just 10 miles to the Parkway & downtown Pigeon Forge.
The main floor features a large open concept living room, dining room and kitchen with a master on the main. The upper level has two bedrooms where one is private with its own ensuite bathroom, and the other is perfect for ''kid storage'' with its own sitting/game area, two custom queen size bunk beds and an ensuite bathroom. The finished basement is the ''fun zone'' and ''activities hub'' for the kids and big kids alike with a movie room and game room complete with theater seating, video games, pool table and more.
For those who want a peaceful escape, the two outside decks are a perfect place to sit back and relax with your favorite beverage and take in that amazing long distance view so distinctly unique to the Smoky Mountains.
This cabin is SELF-MANAGED, so the owner has the option to ''transfer'' future rental reservations if requested so the future owner can have reservations already in place on closing day.
Seller can ensure as close to a TURNKEY change of ownership as possible by giving the new buyer their CLEANING COMPANY, any HANDYMEN/CONTRACTORS and/or any other vendors they use to self-manage from afar.
This property has a VERY HIGH OCCUPANCY RATE, so if you're in town but can't schedule a walkthrough yourself, please ask the listing agent for the WALKTHROUGH VIDEO and it will be sent to you.
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Cap Rate Calculator
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 19, 2025 | Sold | ||
| Sold | |||
| Sep 7, 2025 | In contract | - | |
| In contract | |||
| Sep 6, 2025 | Relisted | $1,149,000 | |
| Relisted | |||
| Sep 5, 2025 | No longer available | - | |
| No longer available | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017