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    3012 Legacy Vista Drive Sevierville, TN 37876

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    For Sale
    $825,000

    MULTI_FAMILY - Other - Sevierville, TN

    Property size:
    2,808 SF
    Price / SF:
    $293/SF
    Added:
    Mar 12, 2026
    Days on Market:
    57
    Last Refresh:
    May 7 at 10:06 am

    Property Features for 3012 Legacy Vista Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    A1
    Bedrooms
    2
    Bathrooms
    4
    Rooms
    Dining Room, Basement, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4
    Parking features
    Off Street
    Interior features
    Breakfast Bar, Ceiling Fan(s), High Speed Internet, Kitchen/Dining Combo, Living/Dining Combo
    Fireplace
    1
    Basement
    Crawl Space
    Appliances
    Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    085F A 001.00, Lot 109
    Size
    2,808 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3058

    Utilities

    Sewer type
    Shared Septic
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Well

    Building Details

    Year built
    2007
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Matt Castle

    Listing agent Matt Castle

    Listing office eXp Realty, LLC 7720 3401 Mallory Lane #100, Franklin, TN

    Listing date Mar 12, 2026

    MLS# 310798 Listing URL

    Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare duplex cabin offering two STRs for the price of one, or live in one unit and rent the other.
    • Excellent location: close to Pigeon Forge, Dollywood, and Gatlinburg, with a secondary entrance to bypass Parkway traffic.
    • Each unit features 1 bedroom, 2 full bathrooms, sleeping up to 6 guests, with private decks and hot tub.
    • Includes entertainment amenities: home theater, pool table, multicade arcade system, and high‑speed WiFi.
    • Fully equipped kitchens in each unit with modern appliances and washer/dryer.
    • Legacy Mountain Resort amenities: seasonal pool, sauna, steam room (under repair), clubhouse, and snow plowing/salting services.

    Overview

    Rare Duplex Cabin Near Pigeon Forge

    This duplex cabin, located just outside Pigeon Forge, Tennessee, is suitable for investors seeking two short-term rentals or for owner-occupiers looking to live in one unit and rent out the other. The property is located approximately 7 miles from the Parkway, 9 miles from Dollywood, and 12 miles from Anakeesta in downtown Gatlinburg. A secondary entrance using Pittman Center Road allows guests to bypass Parkway traffic during peak season. Each unit features one bedroom and two full bathrooms, accommodating up to six guests. Both upstairs and downstairs units have private decks, with a hot tub on the lower deck level and a privacy wall between units. The lot currently offers a winter view, and with HOA & PUD approval, thinning or trimming trees may provide a long-range Smoky Mountain view. Entertainment amenities include a home theater with theater seating, a pool table, a multicade arcade system, and multiple TVs with high-speed WiFi. Each unit has a full kitchen equipped with a refrigerator, oven, stovetop, microwave, dishwasher, and coffee maker, along with a washer and dryer. Legacy Mountain Resort amenities include a seasonal pool, sauna, steam room (under repair as of 03/19/26), and clubhouse. The main road is an official county road, with snow plowing and salting provided by the HOA during winter weather.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paradise Awaits Vacation Rental

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Nail Salon Department Store Kitchen & Bath Showroom Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sevierville
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.466348
    Latitude
    35.810613

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    FAQs

    What type of property is this?
    Duplex - Duplex cabin ideal for investors or owner-occupiers near attractions.
    Where is this duplex located?
    The property is located at 3012 Legacy Vista Drive Sevierville, TN.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Rare duplex cabin offering two STRs for the price of one, or live in one unit and rent the other.; Excellent location: close to Pigeon Forge, Dollywood, and Gatlinburg, with a secondary entrance to bypass Parkway traffic.; Each unit features 1 bedroom, 2 full bathrooms, sleeping up to 6 guests, with private decks and hot tub.
    (865) 344-1823
    We can help!
    Listing Contact
    Matt Castle
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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