2412 Mountain Ridge Way
About This Property
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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 |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Oct 20, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Listed by United Real Estate Solutions | $1,099,999 | |
| Listed by United Real Estate Solutions | |||
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SHOW STOPPER! MILLION $$$ VIEWS!! Welcome to your next lucrative short-term rental investment in the heart of the Smoky Mountains!
BRAND NEW 3 bedroom, 3.5 bathroom cabin located in beautiful Wears Valley, less than 15 minutes to the Pigeon Forge strip & Townsend! This TURNKEY short-term rental investment comes fully furnished and features a large gunite indoor swimming pool, multiple oversized covered decks with hot tub, and incredible million-dollar mountain views. Enjoy the modern rustic finishes, each floor offering a full bathroom, luxury stone and tile showers, cozy electric fireplace and floor to ceiling windows that capture the amazing view from almost every angle. The kitchen offers stainless steel appliances, all granite countertops & open floor plan for entertaining.
With the Smoky Mountains drawing millions of visitors each year, this cabin is primed to generate strong passive income with projections up to $125,000!! Schedule your showing today, this is one you don't want to miss!
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| Jul 25, 2025 | Listed by Crye-Leike REALTORS, South Inc. | $1,149,000 | |
| Listed by Crye-Leike REALTORS, South Inc. | |||
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Brand New Construction Cabin above it all in Smoky Mountain Ridge has a Fabulous Light-Filled 3 Bedroom 3.5 Bath Three Story Floor Plan. Every room features Large Windows with Views in every direction, including Mountain Views from the Indoor Pool.
This cabin would work as a second home with part time over-night rental benefits, or a full-time year-round short-term rental (Rental Projection Estimates in the $120,000 range).
Careful attention has been paid to every aspect during this build with quality throughout. Exceptional Framing, Sprayed Foam Insulation, Four System HVAC, Metal Roofing, Double Hung and Double Paned Windows, Gunite Swimming Pool, LVP Flooring, Tongue and Groove Wood Walls and Ceilings Throughout, Full Bathroom on all Floors, Spacious Deck on all Floors, Poured Concrete Driveway.
On the main floor with door-to-door parking for multiple cars is the Kitchen with Stainless Steel Appliances and Breakfast Bar, Open Living and Dining with Electric Fireplace, and Bedroom with Full Bath. On the Top Floor are Two Large Bedrooms with a Full Bath. The Lower Floor features Indoor Pool Room with Full Bath and Outdoor Hot Tub. All three floors are accentuated with Oversized Stunning Wood Decks. Located just off Wears Valley Road, it's an easy drive to Pigeon Forge, Gatlinburg, Wears Valley, and Townsend.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017