2804 Cedar Falls Way
About This Property
Nestled in the breathtaking Great Smoky Mountains, Cedar Falls provides a secluded yet amenity-rich experience. Guests and owners enjoy a resort-style outdoor pool, scenic hiking trails, a catch-and-release fishing pond, a playground, a covered pavilion, and picnic areas-all within the community.
This well-maintained, high-end cabin exudes quality and charm, featuring soaring ceilings in the main living area that create an airy, open feel. A stunning natural stone gas fireplace adds warmth and character, making it the perfect gathering spot. The master suite is a true retreat, with its own private exit to the back deck and a cozy gas fireplace, ideal for enjoying peaceful mountain evenings. An attached gazebo area offers exciting possibilities-whether for a hot tub or an intimate outdoor lounge, it enhances the experience of the scenic surroundings.
The spacious lower level is designed for entertainment and relaxation, offering ample space to create the ultimate game room or theater, with options for a pool table, arcade games, shuffleboard, poker table, and more. A cozy fireplace and wet bar make this the perfect gathering paradise for guests. Two additional bedrooms with direct outdoor patio access provide a comfortable stay for family and friends.
This premium-quality, one-owner cabin offers incredible potential for a high return on investment. The combination of luxury features, prime location, and resort amenities makes it a highly desirable choice for both personal enjoyment and as a top-tier vacation rental. Virtual Staging used
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 17, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Listed by Century 21 MVP | $899,900 | |
| Listed by Century 21 MVP | |||
| May 22, 2024 | Listed by Mountain Realty Group | $1,235,000 | |
| Listed by Mountain Realty Group | |||
| |||
|
Nestled within the foothills of The Great Smoky Mountains this enchanting cabin is an excellent opportunity for you to make it your permanent home, second home or short term rental. It's located in the picturesque Cedar Falls Subdivision with an abundance of recreational opportunities. (outdoor pool, hiking trail, fishing pond, playground, basketball court, pavilion and chapel) This cabin is being sold unfurnished. However, the sellers are offering a $35,000 concession to the buyer at closing with an acceptable offer.
As you enter this inviting space you are greeted by 24 foot high ceilings in the living room and kitchen giving you a sense of spaciousness. The main level has beautiful hardwood floors. The kitchen has custom cabinets, garbage disposal and a bay window to look out from the sink. The open concept living room has lots of natural light and the natural stone gas fireplace is the centerpiece of the room. Its the perfect place to gather and relax. Your windows have solar film and solar screens to limit glare. The spacious master bedroom is located on the main level and has its own exit onto the back deck. You have your own gas fireplace for those cool mountain nights. It has a large private en-suite bathroom with a jetted tub and walk in tile shower. Off the bathroom is a door to the connected gazebo, that would be the perfect place for you to put a hot tub or some rocking chairs. On the lower level you have a large sitting area with plenty of room for a pool table, and great for entertaining. Two additional bedrooms are located on this lower level. There is also a wet bar for your convenience. There is plenty of natural lighting, carpeted floors and an outside entrance from the lower driveway. Just outside this entrance is an attached covered carport and an outside storage room. The HVAC unit for the upstairs was replaced in October of 2020 and a HVAC Humidifier was installed in 2019. You also have a tank-less hot water heater.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017