Gatlinburg Estate: Income
248 Buckhorn Road, Gatlinburg, TN 37738
COMMERCIAL - Gatlinburg, TN
Property size:
10,640 SFLot size:
1.48 AcresPrice / SF:
$145/SF- Added:
- Apr 29, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 29 at 8:06 am
Property Features for 248 Buckhorn Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-3
- Fencing
- Fenced
- Standard status
- Active
- APN
- 118 16301 000
- Size
- 10,640 SF
- Lot size
- 1.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3155
Utilities
- Utilities
- Water Available
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Well
Building Details
- Year built
- 2003
- Floors in Building
- 2
Listing agent Katelyn Warren License #367051 (865) 416-2220
Listing office Century 21 Legacy GP 3224 East Parkway, Gatlinburg, TN (865) 436-7121
Listing date Apr 29, 2026
MLS# 711489
Copyright © 2026 Lakeway Area 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
- Approximately 1.48‑acre compound in Gatlinburg’s Arts & Crafts Community with Buckhorn Creek and scenic Mt. LeConte views
- Main residence: 4BR/3.5BA with extensive updates, 10.5‑ft ceilings, double ovens, and main‑level primary bedroom, bath, and laundry
- Fully equipped 1BR/1BA “penthouse” apartment with standalone setup including its own garage, kitchen, laundry, and living area
- Adjacent to about 25 acres of hiking trails near the Historic Buckhorn Inn, plus views from multiple areas of the property
- Infrastructure updates include roof systems updated across the property (2020‑2024), multiple HVAC systems, and a Generac whole‑home generator
- “Man cave” garage/shop includes a 7,500 lb lift, DeWalt compressor with hard air lines, and 200‑amp service, plus a loft above and fenced areas
Overview
Located in Gatlinburg's Arts & Crafts Community, Turtle Hollow Estates is set on approximately 1.48 acres featuring Buckhorn Creek and views of Mt. LeConte, adjacent to approximately 25 acres of hiking trails near the Historic Buckhorn Inn. The property includes a renovated 4-bedroom, 3.5-bathroom main residence and a fully equipped 1-bedroom, 1-bathroom "penthouse" apartment, suitable for multi-generational living, guest use, or short-term rental income. The main residence features 10.5-ft ceilings, custom cabinetry, double ovens, and a custom dining table. The primary bedroom, bathroom, and laundry are on the main floor. A theater room includes custom leather seating, a billiards table, and a fireplace. The second floor has a private guest suite with 2 bedrooms and 1 full bath. The "penthouse" apartment has its own garage, kitchen, laundry, and living area. Additional structures include a "man cave" garage and shop with a 7500 lb lift, DeWalt compressor with 3/4'' hard air lines, 200-amp service, multiple HVAC systems, and a loft. The "studio" building offers office space, a loft, and a craft/work area, while the "greenhouse" serves as an artist studio and reading room with HVAC. Infrastructure includes roof systems updated between 2020-2024, multiple HVAC systems, a Generac whole-home generator, a whole-property internet system, and smart home integration with security cameras, app-controlled locks, and thermostats. The property is serviced by a private well, with public water available. Outdoor features include stone and landscaping, rock work, French drainage, a repointed retaining wall, a reinforced pond, fenced areas, mature landscaping, covered pergolas, and a freestanding Sunsetter covered area with fireplace. A private kiln area offers potential for outdoor cooking, BBQ, or a hot tub. The property offers versatility for a private estate, retreat, or income-producing opportunity. An additional adjoining 1.83 acre parcel is also available for purchase. The property is zoned C-3 and has 5 bedrooms and 4.5 bathrooms across multiple structures.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $15.00 |
| − Vacancy | −$16.0k | −$1.50 |
| EGI | $143.6k | $13.50 |
| − OpEx | −$64.6k | −$6.08 |
| NOI | $79.0k | $7.43 |
10,640 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$987.5K – $1.32M
NOI $79,002 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.93M – $5.23M
NOI $314,093 @ 7.0% cap · market cap 20.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Wedding venues
Location Insight
- Map
- Local Demand
- City
- Gatlinburg
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.428198
- Latitude
- 35.741784
Nearby Similar for Sale
FAQs
What type of property is this?
Wedding venue - Unique Gatlinburg estate with income potential in Arts & Crafts Community.
Where is this wedding venue located?
The property is located at 248 Buckhorn Road Gatlinburg, TN.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 1.48‑acre compound in Gatlinburg’s Arts & Crafts Community with Buckhorn Creek and scenic Mt. LeConte views; Main residence: 4BR/3.5BA with extensive updates, 10.5‑ft ceilings, double ovens, and main‑level primary bedroom, bath, and laundry; Fully equipped 1BR/1BA “penthouse” apartment with standalone setup including its own garage, kitchen, laundry, and living area
