4228 Wears Valley Rd
About This Property
Imagine a cabin designed around walls of glass and expansive decks, where guests begin the morning with coffee overlooking Wears Valley and end the evening soaking in a hot tub as the distant ridgelines fade into shades of blue. That experience creates the photography that earns attention, strengthens booking appeal, and distinguishes a cabin in a competitive STR market.
The investor fundamentals are equally compelling: all-paved access for guests and service crews, a previously decked foundation pad that may provide a construction head start, and a four-bedroom septic permit supporting the larger cabin design many investors target.
The property is approximately 5.5 miles from Townsend, 11 miles from the Pigeon Forge Parkway, and 20 miles from downtown Gatlinburg--reaching multiple vacation markets while preserving the peaceful Wears Valley setting guests seek. Great Smoky Mountains National Park welcomed more than 11.5 million visitors in 2025.
This is the kind of setting that can turn a thoughtfully designed cabin into a destination--not just another rental.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Listed by Sevier LPT Realty | $125,000 | |
| Listed by Sevier LPT Realty | |||
| Mar 3, 2024 | No longer available | - | |
| No longer available | |||
| Nov 8, 2023 | Price Decreased |
$1,250,000
↓ $250K
(16.7%) | |
| Price Decreased | |||
| Aug 4, 2023 | Listed by United Real Estate Solutions | $1,500,000 | |
| Listed by United Real Estate Solutions | |||
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Take advantage of the work the developer has already done! All building sites have gorgeous mountain views in Sevierville, TN ... Wears Valley to be precise. Rough cut roads at the end of Timber Cove, a small, gated cabin resort subdivision. The main road is paved up to these new building sites and roads/driveways and building sites have been partially cleared. 1 lot has a well, septic permit (4-bedroom) and poured footer already in place. 3 lots have septic permits (2-bedroom, 4-bedroom, and 6-bedroom), and 3 lots have septic applications in place (4-bedrooms). The luxury cabins in this cabin resort are already high performers on overnight rental programs. Developer is offering architectural building plans with the sale including 2 that have plans for indoor pools. The builder is also very interested in staying on this project as he has already been involved with much of the prep work. These sites are ready for a developer/builder to take 'em and run!!
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| Jul 17, 2023 | Listed by Your Home Sold Guaranteed Realty | $974,900 | |
| Listed by Your Home Sold Guaranteed Realty | |||
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Seller is offering a credit towards a rate buy down for buyer on any successful offer. For rate buy-down, buyer must use Seller's preferred lender, and information regarding buy-down credit must be included in the special stipulations of your offer. This beautiful 4 bedroom 4 bathroom cabin was built in August 2022. It has since been on a rental program doing amazing! Each bedroom has its own attached bathroom, a garden tub and great finishes! In the game room it has foosball table, a game table, board games & 70in TV. Also a private balcony off of the upstairs suite or the main level back patio with a hot tub! This cabin is currently on track and has has projected income of $133,000.00
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017