515 Patterson Lane, Gatlinburg, TN 37738

$625,000
2
BD
2
BA
1,158
SqFt

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Sold Price
$625,000
List Price
$625,000
Closing Date
Oct 06, 2023
MLS#
258100
Status
CLOSED
Type
Single Family Residential
City
Gatlinburg
County
Sevier
Bedrooms
2
Bathrooms
2
Living Area
1,158
Lot Size
1,916
Year Built
1993
Subdivision
Other
Occupancy
Either

Property Description

PRICE DROP! Here are the highlights! 5 mins from Downtown Gatlinburg. Beautiful VIEWS! NEW roof, HVAC, water heater, major kitchen appliances, and crawlspace encapsulation! $65k projected income! Smart home technology! Location, Location, Location! Welcome to The Red Bird's Nest, a beautiful 2 bdrm, 2 bath cabin with amazing views of Mt. LeConte, Clingmans Dome, and the north range of the Smokies. Located in the sought-after Glades area in the heart of the Arts & Crafts District of Gatlinburg. It's just minutes from downtown Gatlinburg, Dollywood, and Pigeon Forge attractions and a 2-minute drive or short walk to Mills Park, the Gatlinburg Community Center, and Rocky Top Sports complex. Profitable with room to grow. The current owners have built a 5-star reputation for Red Birds Nest and are ready to retire. This presents a great opportunity for someone looking for a lucrative investment. It is a highly profitable turnkey rental cabin with room to generate even more income. Past revenue numbers are based on a schedule shared with friends and family (free), and a 5-person capacity. Just add a sleeper sofa to accommodate 7 guests and open the calendar. The bookings will roll in! There's nothing to do but take over operations and reap the rewards. Completely updated! Nearly every major appliance is new, and all the big-ticket systems have been replaced in the last ~2 years. This includes a new kitchen with granite countertops, new stainless-steel appliances, oversized HVAC, metal roof, interior and exterior paint, on-demand hot water heater, crawlspace wrapping with dehumidifier, reverse osmosis system, all new quality interior doors, and added foundation supports. You should not have to replace or repair anything for many years! Comfort and Style! With 1,158 sq ft of beautifully appointed and decorated open floor plan living space. You'll love all the modern touches and automation while preserving the cozy cottage feel. Enjoy a relaxing soak in the jetted tub and cozy up to a wood-burning fireplace; or head outside for your own private firepit and outdoor seating area. Enjoy a cup of coffee with filtered water from the reverse osmosis system. If tech and efficiency is your thing, you'll definitely appreciate all the modern upgrades with Wi-Fi-enabled lighting, Ring security system, digital door locks, freeze sensor, and fire sensors. All of this can be operated from the cabin, or from across the country. Don't miss out on this amazing opportunity to own your own piece of Gatlinburg; still one of Tripadvisor's top 20 destinations in the US! Contact us today to book your viewing!

Additional Information

Acres
0.04
Appliances
Dryer, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Washer
Basement
Crawl Space, None
Cooling
Central Air
Living Area
1,158
Style
Cabin
View
Mountain(s)
Year Built
1993
Zoning
R-1

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Agent: Brook Holmes |

Office: Wallace Real Estate KP |

Selling Office: .

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .