708 Octagon Drive
Gatlinburg, TN 37738
- 2 beds
- 3 baths
- 1,561 sqft
- 435 sqft lot
- $550 per sqft
- 1987 build
- – on site
Nestled in the heart of Gatlinburg, this stunning octagon shaped cabin offers an unparalleled opportunity for both homeownership and investment. This exquisite cabin, recently fully remodeled, stands as a testament to quality craftsmanship and thoughtful design, ensuring a comfortable and luxurious living experience. Property Features Located in desired Blue Ridge Mountain Resort, this home boasts a unique architectural design that harmonizes with the natural beauty of the Smoky Mountains. The property features spacious living areas, high ceilings, and an abundance of natural light, creating an inviting and comfortable atmosphere. The interior is tastefully appointed with modern amenities and finishes, ensuring a luxurious living experience. Investment Potential Gatlinburg is renowned for its vibrant tourism industry, attracting millions of visitors annually who come to explore the Great Smoky Mountains National Park, enjoy the lively downtown area, and partake in a variety of outdoor activities. This steady influx of tourists makes this property an ideal candidate for an overnight rental income property. Sort Term Rental Income As an overnight rental, this property offers significant income potential. The home's location provides easy access to popular attractions, dining, and entertainment options, making it highly desirable for short-term renters. The picturesque views and proximity to nature trails and outdoor adventures further enhance its appeal to vacationers seeking a memorable stay. Key Highlights Prime Location: Situated in a sought-after area of Gatlinburg, close to major tourist attractions and amenities. Modern Amenities: Equipped with state-of-the-art appliances, comfortable furnishings, and high-speed internet. Scenic Views: Stunning vistas of the Smoky Mountains, providing a serene and captivating backdrop. Outdoor Spaces: Ample outdoor areas for relaxation and recreation, including a spacious deck with gas fire pit. Tourist Attraction Proximity: Minutes away from the Great Smoky Mountains National Park, Ober Gatlinburg, and the bustling downtown area. Investing in this property is not just about acquiring a beautiful home; it's about capitalizing on the robust tourism market of Gatlinburg, TN. Whether you envision it as a permanent residence or a lucrative Airbnb/VRBO rental, this property offers the best of both worlds. Seize the opportunity to own a piece of this thriving community and enjoy the financial benefits of an income-generating rental property in one of Tennessee's most popular tourist destinations. For more information on how to make this dream a reality, or to schedule a viewing, please contact us at your earliest convenience. Buyer to verify all information.
Last checked:
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Last updated Jan 20, 2025
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MLS# 1266240 —
The Building
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Year Built:1987
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New Construction:No
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Construction Materials:Stone, Wood Siding, Block, Brick
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Architectural Style:Cabin
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Direction Faces:None
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Roof:None
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Stories:None
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Stories Total:None
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Basement:Finished, Plumbed, Walkout, Outside Entr Only
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Exterior Features:Porch - Covered, Deck
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Patio & Porch Features:None
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Accessibility Features:None
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Building Area Total:1561.0
Interior
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Interior Features:Cathedral Ceiling(s), Eat-in Kitchen
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Flooring:Laminate, Vinyl
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Fireplace:No
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Fireplaces Total:1
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Fireplace Features:Electric
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Laundry Features:None
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Levels:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Financial & Terms
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Lease Term:None
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Possession:None
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Tenant Pays:None
Location
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Directions:From Gatlinburg turn onto Hwy 321N East Parkway. Turn left onto Ridge Rd. Turn right onto Cartertown Rd. Go 1.1 miles turn left onto E Foothills Dr. Follow E. Foothills Dr. and turn right on Octagon Dr. Follow to property on left.
The Property
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Parcel Number:117G A 001.00
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Property Type:Single Family
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Property Subtype:Residential
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Lot Features:Wooded, Rolling Slope
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Lot Size Area:0.01
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Lot Size Acres:0.01
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Lot Size SqFt:435.6
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Lot Size Units:Acres
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Lot Size Source:Tax Records
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Zoning:None
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Zoning Description:None
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Current Use:None
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Possible Use:None
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Topography:None
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Fencing:None
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Waterfront:No
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Water Body Name:None
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Road Frontage Type:None
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Property Attached:false
Listing Agent
- Contact info:
- Office phone:
- (865) 444-2400
Beds
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Bedrooms Total:2
Baths
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Total Baths:3.0
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Total Baths:3
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Three Quarter Baths:None
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Full Baths:3
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
Heating & Cooling
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Heating:Central, Electric
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Heating:true
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Cooling:Central Cooling, Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:None
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Electric:None
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Sewer:Septic Tank
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Water Source:Public
Appliances
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Appliances:Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Smoke Detector, Washer
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Microwave:true
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Dishwasher:true
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Refrigerator:true
Schools
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Elementary School:None
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Elementary School District:None
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Middle Or Junior School District:None
The Community
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Subdivision Name:Condo Villas III
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Park Name:None
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Senior Community:No
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Pool Private:No
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Pool Features:None
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Spa Features:None
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View:Mountain View
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Pets Allowed:None
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Association Amenities:Clubhouse, Pool
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Association:true
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Association Fee:240.0
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Association Fee Includes:All Amenities, Grounds Maintenance
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Association Fee Frequency:Monthly
Parking
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Attached Garage:false
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Parking Features:Designated Parking, Off-Street Parking
Monthly cost estimate
Asking price
$859,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$4,604
|
| Taxes | N/A |
| Insurance | $236 |
| HOA fees | $240 |
| Utilities | $132 See report |
| Total | $5,212/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/13/24
Jun 13, 2024
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Listed / Active | KAARMLS | $859,900 | 53.1% (29.4% / YR) |
|
8/23/22
Aug 23, 2022
|
KAARMLS | $561,500 |
