3303 Grace Way
About This Property
A Guest Favorite with 84 reviews averaging 4.92 stars, this exceptional investment grossed $202,938 in 2025 and already has over $165,200 in 2026 bookings, providing immediate income and strong forward booking momentum for the next owner.
Five king suites, a spacious bunk room, and an additional sleeper sofa provide ample accommodations, while guests enjoy a theater with a 12-foot screen, game room, hot tub, fire pit, three expansive decks with mountain views, a chef's kitchen, and a luxury coffee bar.
The sale includes the entire turnkey STR business, including photo licensing rights, SOPs, automated guest messaging, 90 days of virtual assistant support after closing, and the option to retain the existing operations team for a seamless transition. Here is a rare opportunity to own a luxury Smoky Mountain investment with premium amenities, established systems, and immediate revenue potential.
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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 |
|---|---|---|---|
| Jan 7, 2026 | Listed by Real Broker | $1,699,000 | |
| Listed by Real Broker | |||
| May 23, 2023 | No longer available | - | |
| No longer available | |||
| Mar 8, 2023 | No longer available | - | |
| No longer available | |||
| Mar 8, 2023 | Listed by Realty Works, llc | $1,710,000 | |
| Listed by Realty Works, llc | |||
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Incredible new build in sought after For By Grace Resort. First right of refusal. Location location, minutes to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park. The quality and design in this 6 bedroom, 6 1/2 bath cabin goes far beyond the expected. Ample parking on level ground, huge indoor pool, double decks with hot tub and plenty of outdoor seating. The large great room, huge kitchen, dining with 2 bedroom suites, with private baths are on the main level. The upper level boasts 4 private suites each with large bathrooms. The lower level houses all of the entertainment with a spacious game Room, large media room and entrance to the indoor pool below. This level also has laundry and 1/2 bath. Don't miss the potential for this lucrative income and investment cabin. Projected income $250,000. The manager has listed the unit size as 4794 square feet.
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| Mar 7, 2023 | Price Decreased |
$1,770,000
↓ $5K
(0.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017