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1505 Lake Drive

Gatlinburg, TN 37738
  • $899,000
  • STATUS: Active
  • ON SITE: 59 Days
  • ID#: 265799
UPDATED: 29 min ago
$899,000
  • 2
    BEDS
  • 0.25
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,959
    SQFT
  • $459
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1991
County:
Area:

School Ratings & Info

Listing courtesy of Century 21 Mvp.


Description

GROSS RENTAL INCOME 116,582 IN 2022. COMPLETELY REMODELED 2 BEDROOM + 2 BONUS ROOMS + THEATER ROOM + 3 Bathroom cottage with INGROUND POOL in a PRIME LOCATION IN GATLINBURG ARTS AND CRAFTS DISTRICT. Owners prioritized luxury and modern touches when renovating this beautiful home. You will love the modern light pine walls, stained beams, and bright open floor plan when you walk into the home. There's so much to do inside and outside: private 22'x 12' swimming pool, hot tub, Arcade Machines, foosball table, theater room, and more. First Bedroom features large king bed with an adjoining en suite with a walk in shower and stunning floor to ceiling designer tiling. The second bedroom also features a large king bed with views out to the woods and a second ensuite bath that is just as lavish as the last with its own modern style. First BONUS room has a twin over queen bunk bed while the second BONUS room is filled with a custom 3 bed bunk room. Make your way down to the basement level which is the fun entertainment hub with a huge 70 TV equipped with a Nintendo Classic game console, an arcade machine with 1300 games and plenty of seating for a movie night in on the big screen. This room also has a comfortable pull out sofa for another two guests. Make your way outside onto the gorgeous wrap around balcony which offers elevated views out into the forest where you can, go for a swim in the seasonal pool or just enjoy sitting out in nature while you keep your eye out for bears and other free roaming animals that might pass by. Fire up the BBQ on a warm afternoon for a delicious dinner out among the trees, then when the sun starts to set, lay back and relax in the hot tub. Owner did a great job remodeling: INTERIOR FULLY REMODELED INCLUDING TILE BATHROOMS, WOOD WALLS, NEW LIGHT AND PLUMBING FICTURES, FIREPLACE ETC, NEW FURNITURE ETC, ADDED SWIMMING POOL AND CONCRETE PATIO WITH FENCING, NEW hybrid WATER HEATER, NEW MINI SPLIT FOR LIVING ROOM, NEW DECK AROUND THE HOUSE, NEW HOT TUB, NEW GAZEBO, NEW ASPHALT DRIVEWAY, CONCRETE PATIO, ADDED SHED FOR POOL PUMP.

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Copyright 2023 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Suzanne Walls with eXp Realty. Information deemed reliable but not guaranteed. Last updated 2023-12-09T20:16:32.31.
www.realestatewithsuzanne.com/homes/144242792
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1505 Lake Drive Gatlinburg, TN 37738

  • Price: $899,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 29 min ago
  • ID#: 265799
2
Beds
3
Baths
0
½ Baths
0.25
Acres
1,959
SQFT
$459
$/SQFT
1991
Built
Neighborhood:
Oak Valley
County:
Sevier
Area:
Gatlinburg
Property Description
GROSS RENTAL INCOME 116,582 IN 2022. COMPLETELY REMODELED 2 BEDROOM + 2 BONUS ROOMS + THEATER ROOM + 3 Bathroom cottage with INGROUND POOL in a PRIME LOCATION IN GATLINBURG ARTS AND CRAFTS DISTRICT. Owners prioritized luxury and modern touches when renovating this beautiful home. You will love the modern light pine walls, stained beams, and bright open floor plan when you walk into the home. There's so much to do inside and outside: private 22'x 12' swimming pool, hot tub, Arcade Machines, foosball table, theater room, and more. First Bedroom features large king bed with an adjoining en suite with a walk in shower and stunning floor to ceiling designer tiling. The second bedroom also features a large king bed with views out to the woods and a second ensuite bath that is just as lavish as the last with its own modern style. First BONUS room has a twin over queen bunk bed while the second BONUS room is filled with a custom 3 bed bunk room. Make your way down to the basement level which is the fun entertainment hub with a huge 70 TV equipped with a Nintendo Classic game console, an arcade machine with 1300 games and plenty of seating for a movie night in on the big screen. This room also has a comfortable pull out sofa for another two guests. Make your way outside onto the gorgeous wrap around balcony which offers elevated views out into the forest where you can, go for a swim in the seasonal pool or just enjoy sitting out in nature while you keep your eye out for bears and other free roaming animals that might pass by. Fire up the BBQ on a warm afternoon for a delicious dinner out among the trees, then when the sun starts to set, lay back and relax in the hot tub. Owner did a great job remodeling: INTERIOR FULLY REMODELED INCLUDING TILE BATHROOMS, WOOD WALLS, NEW LIGHT AND PLUMBING FICTURES, FIREPLACE ETC, NEW FURNITURE ETC, ADDED SWIMMING POOL AND CONCRETE PATIO WITH FENCING, NEW hybrid WATER HEATER, NEW MINI SPLIT FOR LIVING ROOM, NEW DECK AROUND THE HOUSE, NEW HOT TUB, NEW GAZEBO, NEW ASPHALT DRIVEWAY, CONCRETE PATIO, ADDED SHED FOR POOL PUMP.
Exterior Features

Access County Road Construction MasonryStuccoWood Siding Exterior Features FencedGuttersPrivate YardSurfaced DriveWooded Foundation Basement Garage Capacity 0.00 Garage Type None Porch Patio Deck DeckPatio Roof Metal Style ChaletCottage

Interior Features

Appliances DishwasherDryerElectric RangeMicrowaveRefrigeratorWasher Attic None Basement Partially Finished Bonus Rooms Yes Cooling Central AirElectric Fireplace ElectricOne Heating ElectricHeat Pump Interior Features Cathedral Ceiling(s)Ceiling Fan(s)Formal DiningFurnitureGreat RoomPrivate PoolRecreation RoomW/D Connection Number Of Bonus Rooms 3 Sq Ft Above Grade 1725 Sq Ft Finished Basement 234 Sq Ft Unfinished Basement 234 Stories One and One Half

Property Features

Annual Tax 911.00 Construction Type Site Built District 02 Hoa YN No Lot Block Unit 17/A Miscellaneous Hot TubPool Occupancy Either Owner Financing No Proposed Financing CashConventional1031 ExchangeFHAVA Loan Rental Rental History Residential Type Single Family Restrictive Covenants Yes Sewer Septic SystemSeptic Permit On File Tax Year 2022 Water Shared Well Zoning R-1 Zoning Entity Sevier County

Copyright 2023 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Century 21 Mvp | Office Phone: 8654292121 .

Copyright 2023 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Suzanne Walls with eXp Realty. Information deemed reliable but not guaranteed. Last updated 2023-12-09T20:16:32.31.
 
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Suzanne Walls with eXp Realty
200 E Broadway Ave Suite 504
Maryville TN, 37804
Listing courtesy of Century 21 Mvp.