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242 Alpine Mountain Way
About This Property
Inside, you will find thoughtfully curated decor, tongue-and-groove walls, hardwood floors, and vaulted ceilings that create a warm and inviting atmosphere. The open-concept living space is centered around a gorgeous stacked stone gas fireplace, while the kitchen features leathered granite countertops--perfect for entertaining or cozy nights in.
The main-level master suite opens directly onto the covered porch, ideal for morning coffee or evening relaxation in the hot tub. A second sleeping area in the loft provides flexibility for guests or family and has its on private covered balcony.
Owners and guests also enjoy access to two community pools and beautifully maintained grounds.
Cabin went on a new program in March 2025 and has a stellar rental income year to date with new management generating $51,982 ! That's a stellar showing of income with only 9-10 months of bookings and on a new program starting from scratch on reviews and its rental algorithm. Management has a rental projection for full year between $60-$65k+ with its current performance.
Don't miss this charming piece of the Smoky Mountains! Schedule your showing today!
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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 |
|---|---|---|---|
| Jul 28, 2026 | Price Decreased |
$499,999
↓ $24K
(4.6%) | |
| Price Decreased | |||
| May 25, 2026 | Price Decreased |
$524,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by The Real Estate Firm Inc. Sevier | $525,000 | |
| Listed by The Real Estate Firm Inc. Sevier | |||
| Mar 1, 2026 | No longer available | - | |
| No longer available | |||
| Nov 17, 2025 | Price Decreased |
$525,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017