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1838 Elk Springs Way, Gatlinburg, TN 37738

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For Sale

$899,000

5 beds • 4 baths • 3,276 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $274.42
    Price per square foot

  • 11-20 Years Old
    Age

  • Hot Tub Spa
    Amenities

Explore this Property

Your dream investment cabin has just hit the market! ''Diamond in the Rough'' is a five bedroom, four bath cabin in Elk Springs Resort just outside of Gatlinburg in the Glades Arts & Crafts Community. If you are looking for a turn key, hands off investment, this is the property for you. Based on total 2024 income and expenses the property produced over a 6% cap rate. With the rental income pacing of 2025 to exceed 2024 along with the ultra low list price of $274 per square foot the cabin has a higher appreciation potential than the vast majority of cabins on the market today. The cabin has produced a stellar rental income and the low operating costs create an appealing investment opportunity. The property features a view of Mt LeConte, along with top notch private theater room. The $200 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $200 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces will heat effectively and efficiently! Operating costs are surprisingly low and among the very lowest you'll see for a five bedroom STR cabin of its size in Sevier County. Monthly averages of electric at $212, community septic $102, gas $109, the cable/internet/water all covered within the $200 HOA fee, and reasonable insurance costs ($224/month for current owner) equate to one of the lowest costs of operation for a quality five bedroom cabin in our market. There are decks and porches galore at ''Diamond in the Rough'' allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. There is even a pretty decent view off the porches to take in the grandeur of the Smokies. ''Diamond in the Rough'' doesn't lack fun or amenities and this isn't your run of the mill theater room haphazardly thrown into a game room as a secondary thought. This cabin features a quality theater room with T&G walls for folks to watch their favorite shows in style! Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! The great rental income, convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market. Community septic via Tennessee Wastewater/Adenus
MLS# 306285

Courtesy Of Smoky Mountain Real Estate Corporation

(865) 277-8115

Property Features

  • Age
    11-20 Years Old
  • Amenities
    Deck, Porch, Hot Tub Spa
  • Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Log, Log Siding, Stone, Wood Siding
  • Fireplace
    Fireplace
  • Roof Type
    Metal
  • View Type
    Mountain

Map and Directions

Directions to 1838 Elk Springs Way, Gatlinburg, TN 37738

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Copyright © 2025 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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