2408 Balsam Circle
About This Property
This 2-bedroom, 2-bath cabin offers an impressive amount of sleeping and entertaining space across multiple levels, including the main level, loft, and expansive basement.
The main level features an open-concept kitchen, dining, and living area complete with a sleeper sofa. The primary bedroom and bathroom are also located on this level, along with access to the main deck featuring a hot tub and picnic table--perfect for relaxing after a day in the Smokies.
Upstairs, you'll find the second bedroom loft with its own private bathroom, as well as a convenient laundry closet.
The basement expands the sleeping and entertainment space even further with a set of bunk beds and two additional sleeper sofas. Designed for fun, this level features a TV entertainment area, foosball table, pool table, multi-cade arcade, and board game table, with plenty of room to gather indoors or step outside onto the lower deck.
With multiple entertainment areas, generous sleeping accommodations, ample owner storage, an established rental history, and a central location near some of the area's most popular attractions, this cabin checks the boxes for a Smoky Mountain overnight rental investment.
Schedule your showing today and see everything this Sky Harbor cabin has to offer!
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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 10, 2026 | Listed by The Real Estate Firm Inc. Sevier | $499,000 | |
| Listed by The Real Estate Firm Inc. Sevier | |||
| Jul 1, 2025 | No longer available | - | |
| No longer available | |||
| Jun 30, 2024 | Listed by The Real Estate Firm Inc. Sevier | $549,000 | |
| Listed by The Real Estate Firm Inc. Sevier | |||
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Motivated Seller! Looking for your next investment property for overnight rental, check out this already income producing cabin sold fully furnished within the very sought after Sky Harbor community conveniently located between Gatlinburg, Pigeon Forge and Sevierville! This location is prime and within less than 9 miles to Dollywood, 8 miles to Gatlinburg SkyLift Park, and within less than 5 miles of the Parkway in Sevierville. The seller has already done a great deal of work to this cabin, giving it an overhaul with newer decor, furnishings, and both levels of floor decking being newly replaced last year. Sleeping an overall 12 people this 2 bedroom, 2 bathroom accommodates more than the eyes can see. On the main level you will discover an open concept kitchen, dining, and living room area, equipped with a sleeper sofa. The master bedroom is located on the first level, along with the main level deck furnished with a hot tub and picnic table setup. Make your way upstairs to the second bedroom loft with its own bathroom, and a laundry closet. In the basement you will notice more sleeping accommodations with a set of bunk beds, and two more sleeper sofas. This basement is decked out with a TV entertainment area, foosball table, multi-cade and board game table with plenty of room to entertain either inside or outside on the deck. This cabin seems to have it all and with plenty of space for owners' storage! Schedule your showing today!!
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| Feb 12, 2024 | Listed by Your Home Sold Guaranteed Realty | $624,999 | |
| Listed by Your Home Sold Guaranteed Realty | |||
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This cabin is currently being used a rental and doing well. With projections close to $75,000 this year!!! It sits in Sky Harbor community, which is well established and conveniently located between Pigeon Forge and Gatlinburg. Featuring vaulted ceilings, a stone fireplace, 2 bedrooms plus a set of bunk beds in the finished basement, this one is spacious. All new furniture. Plus several recent updates this cabin is ready to go.
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| Jun 22, 2023 | Listed by The Real Estate Firm Inc. | $670,000 | |
| Listed by The Real Estate Firm Inc. | |||
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Motivated Seller! GREAT REVIEWS ON AIRBNB!!!! Looking for your next investment property for overnight rental, check out this already income producing cabin within the very sought after Sky Harbor community conveniently located between Gatlinburg, Pigeon Forge and Sevierville! This location is prime and within less than 9 miles to Dollywood, 8 miles to Gatlinburg SkyLift Park, and within less than 5 miles of the Parkway in Sevierville. The seller has already done a great deal of work to this cabin, giving it an overhaul with newer dcor, furnishings, and both levels of floor decking being newly replaced. Sleeping an overall 12 people this 2 bedroom, 2 bathroom accommodates more than the eyes can see. On the main level you will discover a open concept kitchen, dining, and living room area equipped with a sleeper sofa. The master bedroom and bathroom are also located on the main level, along with the main level deck furnished with a hot tub and picnic table setup. Make your way upstairs to the second bedroom loft with its own bathroom, and a laundry closet. In the basement you will notice more sleeping accommodations with a set of bunk beds, and two more sleeper sofas. This basement is decked out with a TV entertainment area, foosball table, pool table, multi-cade and board game table with plenty of room to entertain either inside or outside on the deck. This cabin seems to have it all and with plenty of space for owners' storage! Schedule your showing today!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017