3804 Wears Valley Road, Sevierville, TN 37862
Local realty services provided by:CENTURY 21 Legacy
3804 Wears Valley Road,Sevierville, TN 37862
$995,000
- 9 Beds
- 7 Baths
- 3,120 sq. ft.
- Single family
- Active
Listed by: randy bable
Office: 10 realty, llc.
MLS#:311283
Source:TN_GSMAR
Price summary
- Price:$995,000
- Price per sq. ft.:$318.91
About this home
Wild Mountain Lodge presents a rare opportunity to acquire a boutique hospitality asset with additional event-driven income potential in the highly sought-after Wears Valley area of Sevierville, Tennessee. Ideally positioned just minutes from Pigeon Forge, Gatlinburg, Townsend, and the Great Smoky Mountains National Park, this property benefits from exceptionally strong year-round tourism while offering guests a quieter, scenic mountain setting along one of the Smokies' most traveled tourism corridors near the Foothills Parkway.
The property features 7 recently refurbished guest suites designed to accommodate a wide range of travelers, including couples, families, and small groups. The unit mix allows for flexible occupancy, with accommodations collectively sleeping approximately 24 guests. All rooms are clean, well-maintained, and supported by outdoor amenities including a picnic and barbecue area, fire pit, rocking chair seating, a dedicated dog run, and a large, level parking area suitable for vehicles with trailers--an attractive feature during the area's popular car shows and seasonal events.
Included in the offering is an adjacent parcel currently utilized as a wedding and event venue, featuring a purpose-built outdoor stage (approximately 44' x 30') with mountain views and open lawn space for gatherings. This venue creates a natural synergy with the lodge, allowing for bundled lodging and event bookings that can significantly enhance overall revenue. Additional structures on-site provide the opportunity to be completed as bridal suites, guest amenities, or restroom facilities, further increasing usability and income potential.
The property is currently operating with an established reservation system, with reported income derived from online bookings. Historical financials do not fully capture all revenue streams, including walk-in and cash bookings, creating immediate upside potential for a new owner through improved revenue tracking, expanded event utilization, optimized nightly rates, and enhanced marketing reach.
Now offered at $995,000, the property presents an attractive income-based investment with an estimated in-place cap rate exceeding 12% based on reported operating income alone. This is an ideal opportunity for an investor or owner-operator seeking a turnkey boutique lodge with multiple value-add opportunities in one of the most visited tourism destinations in the United States....
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Home facts
- Year built:1975
- Listing ID #:311283
Rooms and interior
- Bedrooms:9
- Total bathrooms:7
- Full bathrooms:7
- Living area:3,120 sq. ft.
Structure and exterior
- Year built:1975
- Building area:3,120 sq. ft.
- Lot area:0.64 Acres
Utilities
- Sewer:Septic Tank
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$318.91
- Tax amount:$1,362 (2025)
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