720 Octagon Drive, Gatlinburg, TN 37738
- $670,000
- 3
- BD
- 3
- BA
- 1,684
- SqFt
- Sold Price
- $670,000
- List Price
- $679,000
- Closing Date
- Mar 10, 2026
- MLS#
- 1328110
- Status
- CLOSED
- Type
- Single Family Residential
- City
- Gatlinburg
- County
- Sevier
- Bedrooms
- 3
- Bathrooms
- 3
- Baths Full
- 3
- Living Area
- 1,684
- Year Built
- 1997
- DOM
- 39
Property Description
Tucked in the heart of Gatlinburg with a beautiful mountain view, this fully updated 3 bedroom cabin is a proven income-producing short-term rental and a turnkey investment. The property grossed approximately $70,000 while operating only ¾ of the year in 2025 and before recent improvements. Since completion of updates, bookings have surged, positioning this cabin to realistically achieve $100,000-$115,000+ in annual rental income. Recent upgrades include freshly painted exterior siding, an updated kitchen, and interior enhancements that elevate both guest experience and nightly rates. The layout is ideal for vacationers, offering comfortable sleeping arrangements, inviting living spaces, and a setting that captures the Smokies while remaining close to all the attractions Gatlinburg is known for. Whether you're looking for a high-performing short-term rental or a mountain getaway that pays for itself, this cabin checks every box. Strong historical performance, upgraded condition, and a desirable view make this a standout opportunity in one of the Smokies' most in-demand markets.
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Additional Information
- Acres
- 0.01
- Appliances
- Dishwasher, Microwave, Range, Refrigerator, Washer, Dryer
- Basement
- Yes
- Construction
- Block, Frame, Wood Siding
- Cooling
- Ceiling Fan(s), Central Air
- Fireplace
- Yes
- Floors
- Luxury Vinyl Plank
- Garage
- Assigned
- Living Area
- 1,684
- Lot Description
- Irregular Lot
- Style
- Cabin
- Subdivision
- Condo Villas Iii
- View
- Mountain View
- Year Built
- 1997
- Subdivision
- Condo Villas Iii
- Heating
- Central, Propane, Electric
- Num Of Rooms
- 8
- Restrictions
- Yes
- Fireplaces
- 1
- Hoa
- Mandatory
- Hoa Fees
- $695
- Hoa Freq
- Quarterly
- Association Fee Incl
- Grounds Maintenance, Some Amenities
- Water
- Public
- Sewer
- Septic Tank
Mortgage Calculator
Agent: Brandon Thompson |
Office: eXp Realty, LLC |
Selling Office: .