Gatlinburg, TN 37738,520 Otter Run WAY
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Gatlinburg, TN 37738,520 Otter Run WAY
Gatlinburg, TN 37738,520 Otter Run WAY
Gatlinburg, TN 37738,520 Otter Run WAY
Gatlinburg, TN 37738,520 Otter Run WAY
Listed by The Jason White Team • Century 21 Legacy GP

$1,490,000

Est. payment /mo

$1,495,000

0.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

520 Otter Run WAY Gatlinburg, TN 37738

3 Beds

5 Baths

3,592 SqFt

SOLD DATE : 10/18/2021

Key Details

Sold Price $1,490,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 3,592 sqft

Price per Sqft $414

Subdivision Estates At Norton Creek

MLS Listing ID 244797

Sold Date 10/18/21

Style Chalet,Craftsman

Bedrooms 3

Full Baths 4

Half Baths 1

HOA Fees $166/ann

HOA Y/N Yes

Abv Grd Liv Area 1,796

Originating Board Great Smoky Mountains Association of REALTORS®

Year Built 2008

Annual Tax Amount $3,993

Tax Year 2019

Lot Size 1.390 Acres

Acres 1.39

Property Sub-Type Single Family Residence

Property Description

First, lets start with the most important part - location. The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It started life as part of a private 3,000+ acre ranch and is the only portion of that large, private holding to be developed. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. Use of the world class fly fishing stream is reserved for residents and their guests, along with the charming creek side owner's pavilion. This home was built by Denark Construction, of Knoxville, TN and is of high quality. It was designed by Johnson's Architecture and as such displays their unique skill for creating timeless design with materials of perennial beauty. Note how well the home is fashioned into the site, complete with a detached garage along with ample parking and a proper turn-around space. The home is perched on a shelf overlooking the sweeping watershed of Norton Creek, striking in all seasons. Built on a slab, you'll not need to worry over a moldy or settling mountain side crawl space. The great room is full of character with exposed post and beam details, an open kitchen, one of three massive stone fireplaces (wood or gas), breakfast nook and open deck access. The entry level also features a mountain stone entrance patio, half bath, coat closet, laundry room, master bedroom with an awesome his and her bath and private balcony. The lower level consists of three guest suites, a mechanical room, den/game room with fireplace, a second spacious deck with views and a fabulous "treehouse" gazebo with a woodburning fireplace overlooking the sweeping mountain and valley views, you can also hear flowing Norton Creek below. The detached two car garage is finished with the same quality as the home. It would make a great guest suite or could be used for additional amenities to generate maximum return for use as a short term rental, such as the addition of a swim spa with roll up glass garage doors. The ceilings of the garage are high enough and finished with windows so that a loft could also be added above the swim spa. Additions such as these could push the gross rental income well over $200k/year. A totally private, end of cul-de-sac location makes it even more desirable. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well.

Location

State TN

County Sevier

Zoning R-1

Direction From U.S. Hwy. 441 (the \"Spur\"), heading from Pigeon Forge to Gatlinburg, turn right onto Norton Creek Road (just before Wiley Oakley Dr & the Gatlinburg Welcome Center). Stay left at the fork to continue on Norton Creek Road for approx. 4 mi to a sharp right onto Margit Worsham Way. Continue on Margit Worsham Way for approx. 1 mi., & then turn right onto Otter Run Way. Follow Otter Run Way all the way to the end of the road, & then make a left onto a private drive (see sign), to the property, which is at the end of the drive. Property is located at 520 Otter Run Way, Gatlinburg, TN 37738.

Rooms

Other Rooms true

Basement Basement, Finished, Full, Walk-Out Access

Dining Room 1 true

Kitchen true

Interior

Interior Features Cathedral Ceiling(s), Ceiling Fan(s), Central Vacuum, Great Room, Solid Surface Counters, Walk-In Closet(s), Wet Bar

Heating Electric, Heat Pump

Cooling Electric, Heat Pump

Flooring Wood

Fireplaces Type Gas Log, Gas Starter, Masonry, Wood Burning

Fireplace Yes

Window Features Double Pane Windows,Window Treatments

Appliance Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Range, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer, Water Purifier

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Rain Gutters

Parking Features Driveway, Garage Door Opener, Paved, Private

Garage Spaces 2.0

Amenities Available Clubhouse

View Y/N Yes

View Mountain(s)

Roof Type Composition

Street Surface Paved

Porch Deck, Patio

Road Frontage Private Road

Garage Yes

Building

Lot Description Private, Wooded

Foundation Slab

Sewer Septic Tank, Shared Septic

Water Well

Architectural Style Chalet, Craftsman

Structure Type Frame,Masonite,Masonry,Stone

Others

Security Features Gated Community,Security System,Smoke Detector(s)

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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agent

Lara Conrad

Broker | License ID: 366348

+1(865) 635-6544

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