720 Octagon Drive

Gatlinburg TN 37738

1684 sq. ft.

0.01 ac.

Single-Family

Last sold for $670,000

Brandon Thompson, last sold this property on 10 March 2026 after -1 days on market.

Overview

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.

Features

3 bedrooms

3 bathrooms

1684 sq. ft. floor area

0.01 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Gatlinburg over the last 12 months, the estimated median property value of 720 Octagon Drive is $739.95k.

Median value

$739.95k

Estimated value range

$400k - $1.93m

Median days on market

147

Estimated value trend

10%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Gatlinburg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 720 Octagon Drive

2026

Sold

$670,000

10 Mar 2026 by Brandon Thompson

2024

Sold

$460,000

21 Nov 2024 by Merita Gregory, of Mountain Home Realty

Happy sellers in Gatlinburg

We have insufficient information to provide an overview of customer satisfaction for Gatlinburg. Viewing the agent profiles, reviews and sales for Gatlinburg can provide insights for this location.