4664 Nottingham Heights Way
About This Property
Those incredible mountain views continue across three levels of covered decks, complete with rocking chairs, a six person hot tub, and plenty of outdoor gathering space. Inside, cathedral ceilings, expansive windows, a stone fireplace, multiple living areas, and a fully equipped kitchen featuring granite countertops and stainless steel appliances provide plenty of room for large groups. The lower level is designed for entertaining, featuring a stylish wet bar and additional gathering space perfect for game nights and relaxing after a day in the Smokies. Entertainment continues with Golden Tee, Silver Strike Bowling, Target Toss Pro, PowerPutt Golf, multicade arcade games, Tic Tac Toe basketball, a regulation pool table, dartboard, and multiple TVs. Guests also enjoy seasonal access to the Sherwood Forest community pool.
Located less than six miles from Dollywood and under five miles from The Island, Raccoon Ridge combines incredible views, an excellent location, large group capacity, and significant revenue upside with additional improvements. With strategic design and amenity enhancements, this cabin has the potential to become an even stronger performer in the competitive Smoky Mountain rental market.
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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.
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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 15, 2026 | Price Decreased |
$1,249,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Aug 6, 2026 | Listed by Real Broker | $1,299,000 | |
| Listed by Real Broker | |||
| Feb 1, 2024 | Listed by Brandon Hannah Properties | $1,330,000 | |
| Listed by Brandon Hannah Properties | |||
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Stunning Views from Multiple Rooms, High Rental Income Producer and minutes from Dollywood and other attractions. This 6-bedrm, 5-bath cabin in gated Sherwood Forest sets itself apart. The 4 level cabin sleeps 18, books all year & is easily accessible. Guests can relax on the 3 different large decks, soak in the hot tub watching the sunset or swim in the community pool. Wet bar downstairs, arcade/pool table in loft, large dining table with views, & gas fireplace in the living room. Meticulously Maintained by owners & top of the line management by Bear Tracts. They take care of everything & deposit the rental income into your account. Sherwood Forest Owner community is a tight knit group-helpful for questions & resources. Maintenance & upgrade list available upon request. Huge picture windows washed inside and out. Decks restained and reinforced in the last few years. All furniture, holiday dcor and contents convey with the property. Buyer to remain with Bear Tracts Vacation Cabins 60 days after closing. Please see attached for options to for showings and inspections. Monthly expenses, rental income, work completed on cabin available upon request. Dont Miss out on this Amazing Opportunity! Already over $35k on the Books for 2024.
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| Nov 16, 2022 | No longer available | - | |
| No longer available | |||
| Oct 20, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017