I Know Knoxville!
From the city to the country and all around the lakes, rivers and valleys.
Home With Character?
My experience can help you find the home you have been looking for!
Looking For Investments?
Your time is valuable. Let me do the leg work for you.
BJ Can Help You Purchase This Home
Thank you for choosing BJ Swinehart! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find your dream home. On the lake, around town or out on a farm. Remember, BJ is here to help!
720 Octagon Drive, Gatlinburg, 37738
Priced At: $679,000
Property Details for ID: 1328110
SqFt: 1,684
Price SqFt: $403
Total Bedrooms: 3
Full Baths: 3 / Half Baths: 0
MLS Status: Active
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
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
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: Mandatory
HOA Fee: 695
HOA Freq: Quarterly
HOA Contact: HOA Management Group Inc.
Heating & Cooling
Total Fireplaces: 1
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
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
Near By Properties (click flag to view)
Mortgage Calculator
This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use BJ Swinehart
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!