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Active 186 days on market

1940 Wears Valley Rd

Sevierville, TN 37862 · Quick Family Trust · Sevier County

$3,400,000

Beds
7
Baths
14.5
Sq ft
10,578
Acres
20.6
Built
1968

Listing courtesy of Tennessee Elite Realty · MLS #1338303

Description

MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! TURNKEY SHORT-TERM RENTAL CABIN DEVELOPMENT WITH PRIVATE BRIDGE AND PAVED ROAD THROUGHOUT FEATURING 5 LUXURY INCOME-PRODUCING CABINS SITUATED ON A TOTAL OF 20.60 ACRES AND SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) IN THE PIGEON FORGE AREA! BEING SOLD FULLY FURNISHED WITH SIGNIFICANT UPSIDE AND EXPANSION POTENTIAL!

This rare offering includes five established STR cabins currently operating on the overnight rental program, along with potential of multiple additional build opportunities on the adjoining acreage. Two previous cabin sites are also part of this property. This is your opportunity to have your own cabin development with room to expand and create an expansive cabin portfolio.

Located just minutes from the Parkway with easy access to top attractions like Dollywood, Gatlinburg, and Great Smoky Mountains National Park, this property combines convenience with a serene mountain setting. Positioned directly off Wears Valley Rd with its own private road, the development features NO STEEP ROADS--an extremely desirable and rare feature for guests and investors alike.

Guests will love the peaceful creekside setting, paved access throughout, and the privacy of a true mountain retreat while still being close to everything the Smokies have to offer.

Cabin configurations currently include a mix of 1BR, 3BR, 4BR, and 7BR units, allowing for a diverse rental strategy targeting couples, families, and large groups.

Whether you're looking to scale an existing STR portfolio or develop a high-performing investment community from the ground up, this property delivers flexibility, location, and long-term upside.

Details

Home

Type
Residential · Single Family Residence
Style
2 Story
Year built
1968
Living area
10,578 sq ft
Bedrooms
7
Bathrooms
13 full, 3 half
Basement
Finished, Walk-Out Access
Parking
Main Level

Interior

Rooms
Basement Rec Room
Flooring
Carpet, Tile, Hardwood
Fireplaces
1
Appliances
Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer, Dryer
Features
Eat-in Kitchen, Pantry, Cathedral Ceiling(s)
Also
Washer/Dryer Connect, Whirlpool Tub, Pantry, Hot Tub, Cathedral Ceiling(s)

Exterior

Construction
Frame, Log, Wood Siding
Architecture
Log, Chalet, Cabin
Porch & patio
Porch - Covered
Other structures
Gazebo

Land

Lot size
20.6 acres
Lot
Wooded, Waterfront, Private, Creek, River
Views
Mountain View, Wooded
Deed restrictions
None

Utilities

Water
Well
Sewer
Septic
Heating
Central, Heat Pump

Listing

MLS #
1338303
Status
Active
On market
186 days
Listed
Apr 25, 2026
Finances
Property tax
County only
Outside city limits
HOA
None
No association dues
Price per sq ft
$321
10,578 sq ft

Price history

Apr 25, 2026
Listed
$3,400,000

Accepted

  • Cash
  • Conventional
  • 1031 Exchange

Instant pre-approval

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Location
Neighborhood
Quick Family Trust
County
Sevier
ZIP
37862

Drive times

  • Pigeon Forge 15 min
  • Sevierville 25 min
  • Douglas Lake 60 min
  • downtown Knoxville 60 min
  • Maryville 60 min
  • McGhee Tyson Airport 60 min
Approximate, by road

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Listing courtesy of Tennessee Elite Realty. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1338303.