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3112 Cherokee Valley Drive
About This Property
Inside, the layout is practical and guest friendly. Two king bedrooms on the main level each have ensuite bathrooms, while the third bedroom upstairs offers a full and twin bed setup, its own bath, and private balcony access ideal for families or groups. The main living space brings everything together with a stone fireplace, comfortable seating, and a well-equipped kitchen featuring granite countertops, stainless appliances, and a dedicated coffee bar. Upstairs, the loft adds extra value with arcade games and entertainment space that today's guests look for when choosing where to stay.
The outdoor space is where this property really stands out. Multiple decks, a private hot tub, and a grill area give guests plenty of room to relax, but it's the sound and setting of the creek that creates that true Smoky Mountain feel. All of this is just a short drive to the Parkway, giving guests easy access to everything Pigeon Forge has to offer while still feeling tucked away.
For buyers looking for a proven, income-producing cabin with a unique feature that helps it stand out, Paradise Point is a solid opportunity whether you plan to continue renting or enjoy it yourself.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Price Decreased |
$649,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Mar 31, 2026 | Listed by Real Broker | $659,000 | |
| Listed by Real Broker | |||
| Jun 30, 2022 | Sold | ||
| Sold | |||
| Jan 24, 2022 | Listed by Prime Mountain Properties | $799,000 | |
| Listed by Prime Mountain Properties | |||
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NEW CONSTRUCTION! BEAUTIFUL 3 BEDROOM 3 BATH and 1 HALF BATH CABIN fully furnished and ready for rental program. Great investment property located less than 5 minutes from the Pigeon Forge Parkway and only a short distance to the Great Smoky Mountains National Park. Features all wood interior walls, custom trim work throughout, and beautiful LVP flooring. Living room features a gorgeous stacked stone fireplace and lots of windows. The amazing fully equipped kitchen features stainless appliances, upgraded custom cabinetry with soft-close feature, and solid surface countertops. Main level also features 2 bedrooms each with its own private bath, laundry room with full size washer/dryer, and half bath. Second level features 1 bedroom/1 full bath and rec room area with arcade game and futon. Relax in the hot tub on the covered back deck and enjoy the sounds of the babbling creek. Also two covered front decks so you can enjoy the wooded mountain views. Spacious level concrete parking.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017