1940 Wears Valley Rd

Sevierville, TN
$ 3,400,000 Beds 7 Baths 14.5 Sq 10,578
Monthly Estimate* How much can I afford?

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 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 multiple additional build opportunities. Two previous cabin sites are already equipped with septic and ready for redevelopment, plus the acreage offers the potential for approximately 8 more build sites--creating an opportunity to expand into a 15+ 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.

Active

  • Price
  • $ 3,400,000
  • City
  • Sevierville
  • Bedrooms
  • 7
  • Full Bathrooms
  • 13
  • County
  • Sevier
  • Half Bathrooms
  • 3
  • Area
  • Sevier County
  • Lot Size
  • 20.6 Acres
  • Zip
  • 37862
  • Sqr Footage
  • 10,578
  • Year Built
  • 1968
  • Taxes
  • $ 8363
  • Style
  • Cabin, Log, Chalet
  • MLS#
  • 1338303
Listed By: Tennessee Elite Realty
Data Source: Knoxville MLS (KAAR)

Features

General

Sewer Septic Tank
Heating Central,Heat Pump
Cooling Wall Cooling,Central Cooling,Ceiling Fan(s)
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Self Cleaning Oven,Washer
Architectural Style Cabin,Log,Chalet
Security Features Smoke Detector
Construction Materials Wood Siding,Log,Frame
Year Built 1968
View Other,Mountain View,Wooded
Property Subtype Single Family Residence
County Sevier County - 27
Property Type Single Family
Attached Garage false
Subdivision Name Quick Family Trust
Other Structures Gazebo
Full Baths 13
Status Active
Directions Take Hwy 66 towards Pigeon Forge Take a Right on to Wears Valley Road property on R. See sign.
City Sevierville
MLS Area Sevier County - 27
Lot Size Units Acres
Lot Size Square Feet 897336
Property Attached Y/N false
MLS Area Minor Sevier County - 27
Structure Type 2 Story
Standard Status Active
New Financing Cash true
New Financing Coventional true
New Financing Exchange true

Interior Features

Interior Amenities Cathedral Ceiling(s),Pantry,Eat-in Kitchen
Basement Walkout,Finished
Flooring Carpet,Hardwood,Tile
Total Fireplaces 1
Fireplace Features Electric
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 3
Total Bedrooms 7
Total Baths 16

Exterior Features

Parking Features Main Level
Lot Features Creek,River,Private,Waterfront,Wooded
Water Source Well
Lot Size Area 20.6
Building Area Total 10578
Lot Size Acres 20.6
Lot Size Source Tax Records

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Knoxville, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/25/2026 Listed $3,400,000

Property vs Zip Code Average in 37862

Price
AVG $870K
$3.4M
Taxes
AVG $2,005
$8,363
Year Built
AVG 2005
1968

1940 Wears Valley Rd Sevierville, TN is a Single Family Home for sale at $3400000 with 10578 sqft and a lot size of 20.6 Acres Acre(s). 1940 Wears Valley Rd Sevierville has 7 bedrooms, 13 baths and was built in 1968. The property's zip code is 37862 which is in Sevierville, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.