$ 509,900 $ 509,900

640 Red Bud LN

Gatlinburg, TN 37738

  • 1 Bed
  • 1 Bath
    Full Baths: 1
  • 720 SqFt
  • 4,791 Lot Size
  • 1955 Year Built
Step into the charming ambiance of this 1-bedroom, 1-bathroom turn-key cottage, perfectly nestled in a prime downtown Gatlinburg location, just 1/4 mile from the main strip. This delightful retreat is not only fully furnished with tasteful decor but also features a kitchen equipped with stainless steel appliances and granite countertops. The design of the home emphasizes openness, allowing for good flow throughout the space and a gas fireplace to cozy up by on those cold winter nights. Outside, the large private deck is a true highlight, complete with a covered hot tub for year-round relaxation. The yard offers privacy and includes a fire pit for memorable evenings under the stars. This home offers peace and seclusion as it is uniquely positioned with no future construction allowed behind it as it backs directly onto the Great Smoky Mountains National Park. Praised by couples as an ideal mountain getaway, this property has consistently proven its worth, grossing $78,730 in 2023 with $68,873 already on the books for 2024, putting it on track to surpass last year's income. With 119 glowing reviews on Airbnb and easily accessible without steep roads, this cottage represents a lucrative investment opportunity and a peaceful escape that guests love, making it a standout offering in the bustling heart of Gatlinburg.
Listed by Madeline Blom of Real Broker

PROPERTY DETAIL

  • Key Details

    Sold Price $509,900

    Property Type Single Family Home

    Sub Type Single Family Residence

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 720 sqft

    Price per Sqft $708

    MLS Listing ID 303160

    Sold Date 10/29/24

    Style Cottage

    Bedrooms 1

    Full Baths 1

    HOA Y/N No

    Abv Grd Liv Area 720

    Year Built 1955

    Annual Tax Amount $756

    Tax Year 2023

    Lot Size 4,791 Sqft

    Acres 0.11

    Property Sub-Type Single Family Residence

    Source Great Smoky Mountains Association of REALTORS®

    Land Area 720

  • Location

    State TN

    County Sevier

    Zoning R2

    Direction Take 441 Parkway and make a right on Hemlock St. Then make a left onto Hill St. and a quick right to Laurel Ave. Red Bud Lane will be on your left.

  • Rooms

    Basement None

  • Building

    Lot Description City Lot, Wooded

    Story 2

    Sewer Public Sewer

    Water Public

    Architectural Style Cottage

    Structure Type Stucco

    New Construction No

  • Interior

    Interior Features Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Kitchen Island, Walk-In Shower(s)

    Heating Central, Electric

    Cooling Central Air, Electric

    Flooring Hardwood, Tile

    Fireplaces Number 1

    Fireplaces Type Gas Log

    Fireplace Yes

    Appliance Dishwasher, Dryer, Electric Cooktop, Microwave, Microwave Range Hood Combo, Refrigerator, Self Cleaning Oven

    Laundry Laundry Closet

  • Exterior

    Exterior Feature Lighting, Rain Gutters

    Parking Features Driveway, Gravel

    Fence None

    Pool None

    Utilities Available Cable Connected, Internet Connected, Sewer Connected, Water Connected

    Roof Type Composition

    Street Surface Gravel

    Porch Covered, Deck

    Road Frontage City Street

    Garage No

  • Others

    Security Features Smoke Detector(s)

    Acceptable Financing 1031 Exchange, Cash, Conventional, Special Funding

    Listing Terms 1031 Exchange, Cash, Conventional, Special Funding

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CONTACT

Brandon Thompson
Brandon Thompson

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