$1,900,000
$1,950,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
520 Otter Run WAY Gatlinburg, TN 37738
5 Beds
6 Baths
4,196 SqFt
Key Details
Sold Price $1,900,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,196 sqft
Price per Sqft $452
Subdivision Estates At Norton Creek
MLS Listing ID 250083
Sold Date 09/16/22
Style Chalet,Craftsman,Ranch
Bedrooms 5
Full Baths 5
Half Baths 1
HOA Fees $166/ann
HOA Y/N Yes
Abv Grd Liv Area 2,444
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
PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, and is perched on a shelf overlooking the sweeping watershed of Norton Creek with stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an spacious his and her luxury bath. The lower level consists of four guest suites, a bunk room, second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views. Gaze at the stars as you listen to Norton Creek below on sultry summer nights. The detached two car garage has been finished as a Rec Room/Media Room. This exquisite home would make a great short term rental, as it sleeps 16 comfortably and is offered completely furnished with all fixtures, decor and appliances. A totally private, end of cul-de-sac location makes it the perfect Mountain Get-Away. Home is currently an Overnight Vacation Rental and is a very lucrative investment.(UPDATE: July, 2022 Gross Rental Revenue $33,000) The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well. Call today for your private showing!
Location
State TN
County Sevier
Zoning R-1
Direction Travelling toward Gatlinburg from traffic light #10 in Pigeon Forge - go 3.4 miles and turn right on Cove Mountain Rd with an immediate left onto Norton Creek Rd. Go 2 miles (pass through Estates at Norton Creek gate) and right on Vasey Tillium Way (also Margit Worsham Way). Go 0.4 miles and right on Otter Run Way. Home is at the end of the cul de sac.
Rooms
Basement Basement, Finished, Full, Walk-Out Access
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s), Great Room, Soaking Tub, Solid Surface Counters, Walk-In Closet(s), Wet Bar
Heating Central, Heat Pump, Zoned
Cooling Central Air, Heat Pump, Zoned
Flooring Wood
Fireplaces Type Gas Log, Wood Burning
Fireplace Yes
Appliance Dishwasher, Disposal, Double Oven, Dryer, Gas Cooktop, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Paved, Private, Other
View Y/N Yes
View Mountain(s)
Roof Type Composition
Street Surface Paved
Porch Covered, Deck, Porch
Road Frontage Private Road
Building
Lot Description Wooded
Sewer Public Sewer
Water Well
Architectural Style Chalet, Craftsman, Ranch
Structure Type Frame,Masonite,Stone
Others
Security Features Gated Community,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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