3453 Laurel Ridge Way
About This Property
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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%.
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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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Jul 16, 2025 | In contract | - | |
| In contract | |||
| Jul 11, 2025 | Listed by Prime Mountain Properties | $675,000 | |
| Listed by Prime Mountain Properties | |||
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APPROVED SHORT SALE WITH THE BANK — PRICED TO MOVE QUICKLY!
This beautiful 3-bedroom, 2.5-bath cabin, built in 2022, offers just over 2,200 square feet of modern living space on a rare 1-acre flat lot in Wears Valley, all less than 20 minutes from the heart of Pigeon Forge. With a spacious layout and thoughtful finishes, this property stands out as both a high-performing short-term rental and a welcoming private getaway.
The main level features attractive LVP flooring, a well-appointed kitchen with ample cabinetry, granite countertops, and stainless steel appliances, opening into a living area with cathedral ceilings, a cozy fireplace, and a large flat-screen TV—ideal for entertaining or relaxing after a day in the Smokies. Also on this level is the generous primary suite, offering a king-sized bed and a luxurious bathroom complete with a soaking tub and separate shower.
Upstairs, the open loft area is designed for fun, with additional bunk sleeping, a foosball table, and shuffleboard, along with two more bedrooms and a full bath to comfortably accommodate family or guests. Covered decks provide plenty of space to unwind, including a hot tub and easy walk-out access to the flat yard with a fire pit, perfect for enjoying peaceful evenings under the stars.
This cabin is in excellent condition and is already a proven income-producing rental, offered at a highly competitive price thanks to its approved short sale status. Whether you're an investor looking to add a top-performing property to your portfolio or seeking your own mountain retreat with strong upside, this is an outstanding opportunity in one of the area's most desirable valleys.
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| May 1, 2024 | Listed by eXp Realty | $764,900 | |
| Listed by eXp Realty | |||
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Rental projections from $100k to $120K! Welcome to Wears Valley, a quiet little town deep in the heart of the majestic Smoky Mountains. The valley is situated between Pigeon Forge, TN and Townsend, TN and provides a somewhat private entrance to the Great Smoky Mountains National Park. It's one of the most sought after tourist hot spots known for it's home to many local businesses, from wood carving, to local markets, to the best local eats, and food truck parks, Wears Valley is the place to be, making this a fantastic location for any short term rental. Now lets talk about the cabin...This picturesque retreat offers a seamless blend of modern amenities and natural beauty, it's an...exquisite craftsmanship meets rustic charm vibe. Immerse yourself in the warmth of this thoughtfully designed sanctuary, boasting high-quality finishes, spacious interiors, and great views. With its serene covered porches and meticulous attention to detail, this cabin is the perfect haven for relaxation and rejuvenation. Experience the epitome of contemporary mountain living located right in the heart of Wears Valley! Wears Valley provides the perfect location for accessing all the entertainment the Smoky Mountains has to offer while giving you and/or your guests the experience of a quintessential stay in a cabin in the mountains. With an en-suit primary bedroom (king bed) and an open concept living/kitchen/dining room with half bath, all on the main floor, this floor-plan is perfect for entertaining a good amount of guests with plenty of room to move. Up the wide staircase is an expansive loft with many options for a family-fun night between the 65' Roku TV, couch seating, foosball, shuffleboard table, and games. In the back of the loft area is the hickory log, twin over full bunk bed that can sleep 3 more. Upstairs, with the loft, there are 2 more bedrooms (one with a king bed/one with a queen) with a full bath. Front and back porch are the length of the cabin and are fully covered.
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| Jan 3, 2024 | Listed by eXp Realty | $875,000 | |
| Listed by eXp Realty | |||
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Rental projections from $100k to $120K! Welcome to Wears Valley, a quiet little town deep in the heart of the majestic Smoky Mountains. The valley is situated between Pigeon Forge, TN and Townsend, TN and provides a somewhat private entrance to the Great Smoky Mountains National Park. It's one of the most sought after tourist hot spots known for it's home to many local businesses, from wood carving, to local markets, to the best local eats, and food truck parks, Wears Valley is the place to be, making this a fantastic location for any short term rental. Now lets talk about the cabin...This picturesque retreat offers a seamless blend of modern amenities and natural beauty, it's an...exquisite craftsmanship meets rustic charm vibe. Immerse yourself in the warmth of this thoughtfully designed sanctuary, boasting high-quality finishes, spacious interiors, and great views. With its serene covered porches and meticulous attention to detail, this cabin is the perfect haven for relaxation and rejuvenation. Experience the epitome of contemporary mountain living located right in the heart of Wears Valley! Wears Valley provides the perfect location for accessing all the entertainment the Smoky Mountains has to offer while giving you and/or your guests the experience of a quintessential stay in a cabin in the mountains. With an en-suit primary bedroom (king bed) and an open concept living/kitchen/dining room with half bath, all on the main floor, this floor-plan is perfect for entertaining a good amount of guests with plenty of room to move. Up the wide staircase is an expansive loft with many options for a family-fun night between the 65" Roku TV, couch seating, foosball, shuffleboard table, and games. In the back of the loft area is the hickory log, twin over full bunk bed that can sleep 3 more. Upstairs, with the loft, there are 2 more bedrooms (one with a king bed/one with a queen) with a full bath. Front and back porch are the length of the cabin and are fully covered.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017