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Active 127 days on market

402 Laurel Ave

Gatlinburg, TN 37738 · Smokey Heights · Sevier County

$4,500,000

Beds
5
Baths
6
Sq ft
4,239
Acres
0.01
Built
2007

Listing courtesy of R & R Realty Company · MLS #1345664

Description

SHOWN BY APPOINTMENT ONLY: ACTIVE SHORT TERM RENTAL:

A rare opportunity to acquire one of Gatlinburg's premier luxury investment properties. Nestled at the doorstep of the Great Smoky Mountains National Park and within walking distance of downtown Gatlinburg, this extraordinary estate combines luxury accommodations, proven rental performance, and unmatched future development potential.

Featuring 5 spacious bedrooms, 5 full baths, and 2 half baths, the cabin has been meticulously designed to deliver an exceptional guest experience. Multiple levels of outdoor living are showcased through three expansive decks on each floor, offering abundant space to relax, entertain, and take in the beauty of the Great Smoky Mountains. Inside, guests enjoy premium amenities including a private theater room, two fireplaces, a swim spa, and thoughtfully curated gathering spaces designed for both large groups and intimate retreats.

What truly sets this property apart is its remarkable rental history, supported by a loyal base of returning guests and a reputation built over nearly two decades. This is more than a vacation rental--it's an established hospitality business with a proven track record of success.

The offering includes four and a half additional lots, creating a rare opportunity to expand an existing rental portfolio, develop additional luxury cabins, or preserve the surrounding acreage for enhanced privacy and exclusivity. A large parking area and extensive usable land provide flexibility rarely found in the Gatlinburg market.

Properties of this caliber, location, and income-producing history seldom become available. Whether you're seeking a trophy asset, a luxury hospitality investment, or a legacy property in the heart of the Smokies, this exceptional estate represents a truly one-of-a-kind opportunity.

Details

Home

Type
Residential · Single Family Residence
Style
3 Story
Year built
2007
Living area
4,239 sq ft
Bedrooms
5
Bathrooms
5 full, 2 half
Basement
Crawl Space
Parking
Main Level, Off Street, Assigned

Interior

Rooms
Great Room, Laundry/Utility, Family Room, Extra Storage, Mstr Bdrm Main Level
Flooring
Tile, Hardwood
Fireplaces
1
Appliances
Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer, Dryer
Features
Eat-in Kitchen, Pantry, Walk-In Closet(s)
Also
Washer/Dryer Connect, Drapes, Pantry, Walk-In Closet(s), Hot Tub, Walk-in Shower, Internet Available, Wired for Internet

Exterior

Construction
Frame, Cedar, Stone
Architecture
Cabin
Porch & patio
Porch - Covered

Land

Lot size
0.01 acres
Lot
Wooded, Irregular Lot
Views
Mountain View, Wooded, Country Setting
Deed restrictions
Yes
Permitted use
Overnight or permanent

Utilities

Water
Public
Sewer
Public sewer
Heating
Central, Propane, Electric

Listing

MLS #
1345664
Status
Active
On market
127 days
Listed
Jun 23, 2026
Finances
Property tax
City + county
Inside city limits
HOA
None
No association dues
Price per sq ft
$1,062
4,239 sq ft

Price history

Jun 23, 2026
Listed
$4,500,000

Accepted

  • Cash
  • Conventional
  • New Loan

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Location
Neighborhood
Smokey Heights
County
Sevier
ZIP
37738

Drive times

  • Pigeon Forge 15 min
  • Sevierville 30 min
  • Douglas Lake 60 min
Approximate, by road

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Listing courtesy of R & R Realty Company. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1345664.