829 Wiley Oakley Drive, Gatlinburg, TN 37738

$2,350,000
  • 829 Wiley Oakley Drive, Gatlinburg, TN 37738 Main Photo

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New to the Market Active
BEDS4 BATHS5 full 1 partial SQUARE FEET3,736 MLS#1354951
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONChalet Village North

Property Description

This is the kind of Smoky Mountain short term rental investment that rarely comes to market: a nearly new, fully furnished, turnkey luxury cabin with exceptional mountain views, an established rental history, future bookings already on the calendar, and a proven management company in place. Located in Chalet Village, one of Gatlinburg's most desirable vacation rental communities, this one of a kind property checks the boxes investors are searching for and then goes far beyond them.With approximately $330,000 in gross rental revenue during the trailing 12 months, this cabin has already demonstrated its earning potential. The current luxury management company has done an outstanding job positioning and operating the property, earning it the prestigious Airbnb Luxe distinction. The cabin must remain with the existing management company for at least 90 days after closing, allowing the new owner to benefit from a smooth transition, an established operating system, and existing reservations without having to start over.For investors considering a 1031 exchange, cost segregation, or potential 100% bonus depreciation benefits, this property may offer a compelling opportunity to acquire a high performing real estate asset before year end. The management company can explain its operations and discuss options for owner involvement, while the buyer's qualified CPA or tax professional can provide guidance regarding material participation requirements, eligibility, and the buyer's individual tax strategy.The five bedroom floor plan offers an excellent bedroom to bathroom ratio and was thoughtfully designed around the elevated guest experience. From the moment you enter, the Smoky Mountain views take center stage. The open concept living area features a dramatic floor to ceiling stone fireplace, high end finishes, and expansive windows that fill the cabin with natural light while showcasing the surrounding mountains.The kitchen flows seamlessly into the living and dining areas and includes a window opening directly to an outdoor bar top. Guests can gather for meals inside or dine outdoors while overlooking the unforgettable scenery of Great Smoky Mountains National Park.Every detail encourages guests to slow down, relax, and stay awhile. A swim spa overlooks the mountains, while two outdoor gas fireplaces connected directly to the property's propane system create inviting gathering spaces without the inconvenience of replacing portable tanks. The private sauna even features a window framing the Smoky Mountain views. Spa inspired bedroom suites continue the experience with luxurious shower and tub combinations and beautiful upscale finishes.Ownership in Chalet Village provides access to three community pools, tennis courts that also accommodate two pickleball courts, basketball, a fitness center, and a community game room. The combination of desirable amenities, luxury accommodations, outstanding views, established rental performance, and proximity to downtown Gatlinburg makes this an exceptional addition to an investor's short term rental portfolio.There is nothing left to build, furnish, launch, or establish. Close, step into an operating luxury vacation rental, honor the existing reservations, and continue moving forward. This is a true plug and play Gatlinburg investment opportunity with proven revenue, professional management, future bookings, and the kind of guest experience that is difficult to recreate.A 3D tour is available, and a complete video walkthrough can be found by searching the prope

829 Wiley Oakley Drive | MLS# 1354951

This single family home located at 829 Wiley Oakley Drive, Gatlinburg, TN 37738 is currently listed for sale with an asking price of $2,350,000. This property has 4 bedrooms and 5 full and 1 partial baths with 3736 sq. ft. Wiley Oakley Drive is located in the Chalet Village North subdivision. Search Chalet Village North real estate on jmarcum.franklinrealty.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Cooling: Central Cooling
Fireplaces: 1
Fuel Type: Electric
Heating: Central, Forced Air, Electric
Home Style: Contemporary
Lot Size: 0.32 Acres

Amenities

Cathedral Ceiling(s)
Kitchen Island
Eat-in Kitchen

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Association/Condo Fee: 500/Yearly
Association Amenities: Swimming Pool, Tennis Courts, Club House, Recreation Facilities
Exterior: Wood Siding, Frame, Other
Fireplace: Gas Log
HOA Y/N: Yes
Lot: Irregular Lot
Parcel #: 126H A 013.00
Parking: Off-Street Parking
Security Features: Smoke Detector
Sewer: Septic Tank
Special View Info: Mountain View
SQFT Total: 3736
Swimming Pool: Yes
View: Mountain View
Water: Public

Listed By / Shown By

Listed By

Agency Name: United Real Estate Solutions

Shown By

Agent Name: Jennifer Marcum
Agent Phone: (865) 748-1059
Agency Title: Franklin Realty Inc.

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Estimated Payment

$ 15,093.41 per month $14,407.99 Principal & Interest $0.00 Property Tax (data not provided by mls) $685.42 Homeowner's Insurance

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