Crown And Anchor Can Help You Purchase This Home

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720 Octagon Drive, Gatlinburg, 37738

Priced At: $679,000

Property Details for ID: 1328110

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SqFt: 1,684
Price SqFt: $403
Total Bedrooms: 3
Full Baths: 3 / Half Baths: 0
MLS Status: Pending - Continue to Show - Inspection
Property Type: Residential
On Market Date: 2026-01-30T23:25:17Z
Subdivision: Condo Villas Iii

Public Remarks: 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.

Schools Information

Sorry, school information is not available for this listing.

Building Description

Building Style: Cabin
Type: 2 Story
Site Built: Yes
Year Built: 1997
Total Rooms: 8
SqFt (Total): 1,684
SqFt (Main Lvl): 884
SqFt (Down Lvl): 800
Full Baths: 3
1/2 Baths: 0
Fireplace: Yes
Bonus Room: No
Basement: Yes
Basement Type: Finished, Walkout

  Exterior Features

Features: Deck
Construction: Block, Frame
Siding: Wood

  Appliances

Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

  Room Dimensions

  Interior Features

Floors: Luxury Vinyl Plank
Other Rooms: Basement Rec Room, Mstr Bdrm Main Level
Misc Features: Cathedral Ceiling, Hot Tub, WasherDryer Connect, Whirlpool Tub, Wired for Internet

  Property Details

Acreages: 0.01
Lot Description: Irregular Lot
View: Mountain View

Utilities

Fuel Types: Electric, Propane

Financing

Finance Options: Cash, Conventional, Exchange

  HOA Information

Restrictions: Yes
HOA: Mandatory
HOA Fee: 695
HOA Freq: Quarterly
HOA Contact: HOA Management Group Inc.

Heating & Cooling

Fireplace(s): Yes
Total Fireplaces: 1
Fireplace Type(s): Gas Log
Cooling Type(s): Ceiling Fan(s), Central Cooling
Heat Type(s): Central

Garage / Parking

Designated Parking

  Community Features

Outbuildings

Presented By: / eXp Realty, LLC

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

From Gatlinburg turn onto Hwy 321N East Parkway. Turn left onto Ridge Rd. Turn right onto Cartertown Rd. Go 1.1 miles turn left onto E Foothills Dr. Follow E. Foothills Dr. and turn right on Octagon Dr. Follow to property on left.



Your commute

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Blair Scott LLC, dba Crown and Anchor Realty is a licensed Tennessee Real Estate Firm. Firm License 259496. Some or all of the Listing Displayed on this Site may not belong to Crown And Anchor Realty. The data relating to real estate for sale on this website is being provided for the consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. This data is believed to be correct, but interested parties should confirm the data before relying on it in a purchase decision.