3885 Katelyns Lane
About This Property
Built in 2019 and spanning 3,568 sq. ft. on 0.65 acres, The Nordic Chalet features 3 bedrooms plus a bonus loft style sleeping area, 3 beautifully updated bathrooms, and accommodations for up to 12 guests. Conveniently located near Pigeon Forge, Gatlinburg, Dollywood, and Great Smoky Mountains National Park, it offers easy access to the area's top attractions while maintaining a peaceful mountain setting.
Inside, dramatic architectural angles, floor to ceiling windows, abundant natural light, and warm tongue and groove wood create a distinctive modern aesthetic. The open concept layout offers multiple gathering spaces, a cozy fireplace, and a fully equipped kitchen with high end WiFi connected appliances. Entertainment is a major draw, with a dedicated movie theater featuring a 10 foot projection screen and surround sound, a full game room with pool table, foosball, and arcade games, plus a unique loft style bonus room with a teepee lounge area.
Outside, level areas around the home, easy paved access, and flat asphalt parking provide a rare advantage for a Smoky Mountain property. Fully enclosed front and rear yards offer added privacy and flexibility for families and guests traveling with pets, while the private hot tub, oversized fire pit area with string lights, grill, and peaceful meadow like setting create an inviting outdoor experience. Guests can even enjoy the natural sounds of the mountain creek across the road from the deck.
Additional upgrades include Starlink high speed internet, a high end water filtration system, and bear proof trash storage. There is also future upside potential to further enhance the outdoor experience with amenities such as a sauna or expanded entertainment space.
With proven six figure revenue, elite guest ratings, an active STR permit, distinctive design, rare usable acreage, easy access, and extensive guest amenities, The Nordic Chalet delivers the combination Smoky Mountain investors are looking for: established performance, memorable guest appeal, and room for continued growth.
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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%.
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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 |
|---|---|---|---|
| Jun 23, 2026 | Price Decreased |
$964,900
↓ $10K
(1%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by Real Broker | $974,900 | |
| Listed by Real Broker | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017