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    520 Otter Run Way

    Gatlinburg, TN 37738
    • $1,495,000
    • STATUS: Active Under Contract
    • ON SITE: 47 Days
    • ID#: 1166002
    Under Contract
    UPDATED: 209 min ago
    $1,495,000
    • 3
      BEDS
    • 1.39
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    • 3,592
      SQFT
    • $416
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2008
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    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 timelessdesign 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, 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 awesome his and her bath. The lower level consists of three guest suites, a mechanical room, den/game room with fireplace, a second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views, you can also hear flowing Norton Creek below. Outdoor features abound with multiple decks, a mountain stone entry patio and of course the majestic treehouse. 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. Enhancements 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.

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    © 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Tennessee Elite Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Tennessee Elite Realty. Data last updated: 2021-10-17T23:51:49.38.
    www.tennesseeeliterealty.com/homes/120986254
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    520 Otter Run Way Gatlinburg, TN 37738

    • Price: $1,495,000
    • Status: Active Under Contract
    • Updated: 209 min ago
    • ID#: 1166002
    3
    Beds
    4
    Baths
    1
    ½ Baths
    1.39
    Acres
    3,592
    SQFT
    $416
    $/SQFT
    2008
    Built
    Neighborhood:
    Estates at Norton Creek
    County:
    Sevier
    Area:
    Gatlinburg
    Elementary School:
    Pi Beta Phi
    Middle School:
    Pi Beta Phi
    High School:
    Gatlinburg Pittman
    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 timelessdesign 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, 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 awesome his and her bath. The lower level consists of three guest suites, a mechanical room, den/game room with fireplace, a second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views, you can also hear flowing Norton Creek below. Outdoor features abound with multiple decks, a mountain stone entry patio and of course the majestic treehouse. 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. Enhancements 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.
    Exterior Features

    Attached Or Detached Type Detached Construction FrameMasonry Exterior Features DeckPatioPorch - CoveredWindows - Insulated Garage Parking DetachedGarage Door OpenerMain LevelOff-Street Parking Lot Description Cul-De-SacIrregular LotPrivateRolling SlopeWooded Lot Size N/A Siding Fiber CementStone Style ChaletCraftsmanOther Type 2 Story View Mountain ViewWooded

    Interior Features

    Appliances Central VacuumDishwasherDisposalDryerGas StoveMicrowaveRangeRefrigeratorSecurity AlarmSelf Cleaning OvenSmoke DetectorWasher Basement FinishedSlabWalkout Basement YN Yes Bonus Room No Cooling Ceiling Fan(S)Zoned Dining Area Eat-In KitchenKitchen/Dining Rm Co Fireplace Type GasGas LogMasonryWood Burning Fireplace YN Yes Fireplaces 3.00 Floors CarpetHardwoodTile Fuel Electric Heat Heat Pump Misc Features Cathedral CeilingIsland in KitchenWalk-In ClosetsWalk-In ShowerWasher/Dryer ConnectWet BarWhirlpool Tub Other Rooms Basement Rec RoomDen/StudyExtra StorageFamily RoomGreat RoomLaundry/UtilityMstr Bdrm Main Level Rooms 13 Sq Ft Down Level 1796.00 Sq Ft Main Level 1796.00 Sq Ft Second Level 0.00 Sq Ft Third Level 0.00

    Property Features

    Association Fee Incl All AmenitiesAssociation InsOther Auction YN No Block B Community Amenities Architect RestrictedClub HouseGated CommunityOther - See Remarks Extra Storage Yes HOA Mandatory Hoa Fee 2000.00 Hoa Frequency Yearly Lot 14 New Financing CashConventional Property Status N/A Residential Sub Type Residential Restrictions Yes Site Built Yes Sq Ft Source Agent Total Tax 3993.42

    Listing information © 2021 Knoxville Area Association of REALTORS®, Inc.
    Listing provided courtesy of Century 21 Legacy.


    © 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Tennessee Elite Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Tennessee Elite Realty. Data last updated: 2021-10-17T23:51:49.38.
     
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