2407 Ridgehigh Pass
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 11, 2026 | In contract | - | |
| In contract | |||
| Sep 21, 2026 | Price Decreased |
$470,000
↓ $470K
(50%) | |
| Price Decreased | |||
| Sep 2, 2026 | Listed by Realty Executives Associates | $940,000 | |
| Listed by Realty Executives Associates | |||
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RARE SMOKY MOUNTAIN PACKAGE OPPORTUNITY - TWO TURNKEY CABINS IN SKY HARBOR!
Own two beautifully furnished 2-bedroom, 2-bath cabins in the highly desirable Sky Harbor community of Sevierville, ideally positioned between Gatlinburg and Pigeon Forge. Offered together as a package, 2407 Ridgehigh Pass and 2412 Ridgehigh Pass provide an exceptional opportunity to acquire two income producing Smoky Mountain retreats in one of the area's most sought after vacation destinations. Both cabins offer the combination today's vacation rental guests are looking for: comfortable king-sized sleeping accommodations, inviting mountain-modern interiors, entertainment space, outdoor living, hot tubs, and convenient access to the area's premier attractions. A shared fire pit and seasonal mountain views add to the appeal for everyone in the family. 2407 Ridgehigh Pass is a beautiful approximately 1,050 square foot contemporary mountain cabin featuring 2 bedrooms and 2 full bathrooms. The open concept living, dining, and kitchen areas create an inviting gathering space, complemented by natural wood finishes and abundant natural light. Both bedrooms feature king sized beds, while the custom tiled bathrooms add an upscale touch. A dedicated gaming area with arcade entertainment provides an additional draw for families and groups. Outside, the spacious deck, hot tub, and wooded surroundings create the perfect place to unwind after a day exploring the Smokies.
2412 Ridgehigh Pass offers approximately 1,075 square feet with 2 bedrooms and 2 bathrooms and delivers its own distinctive mountain cabin experience. Beautifully furnished and designed with rich wood walls and ceilings, this cabin blends classic Smoky Mountain character with modern comfort. Guests can enjoy king sized sleeping accommodations, custom tiled bathrooms, a well equipped kitchen, entertaining and gaming areas, and a relaxing outdoor setting complete with a hot tub. The peaceful wooded environment provides the ideal contrast to the excitement of nearby Gatlinburg and Pigeon Forge. Together, these properties offer approximately 2,125 square feet of finished living space, 4 bedrooms, and 4 bathrooms across two separate cabins, creating an attractive package for an investor looking to expand a vacation-rental portfolio or for a buyer seeking a unique family compound-style opportunity. The location is a major advantage. Situated in Sky Harbor between Dollywood and downtown Gatlinburg, the cabins provide convenient access to Dollywood, Gatlinburg, Pigeon Forge, Great Smoky Mountains National Park, restaurants, shopping, entertainment, hiking, and countless outdoor adventures. Guests can spend the day exploring everything the Smokies have to offer and return to their own private mountain retreat. Whether you're an experienced vacation-rental investor, looking to expand your portfolio, or simply want to own two exceptional Smoky Mountain retreats, this is a rare opportunity to secure two cabins in a prime location with one purchase. Two cabins. One location. One exceptional investment opportunity.
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| Apr 2, 2024 | Sold | ||
| Sold | |||
| Dec 1, 2023 | Listed by Wallace | $525,000 | |
| Listed by Wallace | |||
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NEW CONSTRUCTION! LOCATION! Estimated completion date Spring 2024. Gross revenue projections $65-69K annually! Beautiful 2 BR, 2 BA contemporary cabin with a proven-performer design, located in rental-favorite Sky Harbor, nestled between Gatlinburg and Pigeon Forge and close to EVERYTHING the area has to offer! Beautiful wooded lot with views of the mountains. Open design with cathedral ceiling keeps it light and bright, along with natural-stained tongue and groove interior. Durable LVP flooring, tile shower in master on main, granite countertops, stainless steel appliances, and two king suites are just some of the additional features. Low county taxes and HOA fees make this one sure to cash flow. This cabin would make an excellent second home getaway as well. Schedule your showing today! *Sample interior photos from past build shown in photos, finishes may vary.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017