139 Water Tower Road Gatlinburg, TN $ 1,500,000
139 Water Tower Road
$ 1,500,000
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139 Water Tower Road

Gatlinburg, TN, 37738
$ 1,500,000
Bedrooms4 Baths4.2 Sq 3,432

Monthly Estimate*

$ 9,236

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Single Family Home for sale in Gatlinburg, TN

for $1,500,000 with 4 bedrooms and 4 full baths, 2 half baths. This 3,432 square foot home was built in 2023 on a lot size of 0.31.

Tucked just one mile from downtown Gatlinburg and only two miles from the entrance to Great Smoky Mountains National Park, this 2023-built cabin has the location, layout, and guest appeal investors look for in a high-performing short-term rental. With easy access and no steep roads, parking for 6 or more vehicles, walkability to downtown, mountain and downtown views, and strong rental history, this property is designed to stand out. Across three levels, there is room for everyone to relax, play, and reconnect. The main level features an open living, dining, and kitchen space that naturally brings guests together, with a fully stocked kitchen, dining for 8, fireplace, and direct access to outdoor dining on the deck. Each bedroom has its own en-suite bathroom, including two upper-level king master suites with soaking tubs, oversized walk-in showers, and private deck access, plus two queen bedrooms on the main level. The lower level adds the kind of amenities guests remember: a large game room, movie theater, triple bunks for extra sleeping space, a 16-foot by 8-foot swim spa heated year-round, separate hot tub, putting green, fire pit, and large decks on every level. Guest reviews highlight the peaceful feel, beautiful views, family-friendly layout, nearby restaurants and attractions, and easy access to outdoor charm. Self-managed by a Short Term Shop trained seller, the cabin produced $207,299 in income in 2024 and $192,759 in 2025. With newer construction, walkability to Gatlinburg, no steep roads, ample parking, en-suite bedrooms, and a strong amenity package, this is the kind of Smoky Mountain STR that blends emotional guest appeal with proven income potential.

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Single Family Pending

Price

$ 1,500,000

Bedrooms

4

Full Bath

4

Half Bath

2

Property Type

Single Family

Taxes

$ 4,330

Style

Lot Size

0.31

Year Built

2023

Town/City

Gatlinburg

County/Region

Sevier

MLS | Web ID

311856

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities High Speed Internet Connected
Possession Close Of Escrow
Roof Composition
Appliances Dishwasher Dryer Electric Range Microwave Refrigerator Washer
Zoning C-2
Garage Spaces 0
Patio/Porch Features Covered Deck Patio Porch
Architectural Style Cabin Chalet
Pool Features Heated Outdoor Pool Private
Construction Materials Frame
Year Built 2023
Levels Three Or More
Property Subtype Single Family Residence
Tax Year 2025
Current Use Investment
County Sevier
New Construction false
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Other
Garage Y/N false
Total Rooms 0
Full Baths 4
Status Pending
Directions Gatlinburg on Parkway (US-321 N / US-441 S / TN-71). Turn LEFT onto Dudley Creek Rd (Ripley's Davy Crockett Mini-Golf will be on the corner). In 1 mile the road name changes to Ridge Rd. In a half mile turn RIGHT onto E Parkway (US-321 S / TN-73). In less than a mile turn RIGHT onto Water Tower Rd. 139 Water Tower Rd will be on your left.
City Gatlinburg
Disclosures Seller Disclosure
MLS Area Gatlinburg
Lot Size Units Acres
Lot Size Square Feet 13503.6
Tax Annual Amount 4330
MLS Area Minor Gatlinburg
Standard Status Pending
Tax Lot 0
Occupancy Either
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Interior
Interior Amenities Eat-in Kitchen Granite Counters Great Room High Speed Internet Soaking Tub Solid Surface Counters Stone Counters Walk-In Closet(s)
Basement None
Flooring Luxury Vinyl
Furnished Y/N Furnished
Total Fireplaces 1
Fireplace Features Electric
Total Stories 3
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 3432
Half Baths 2
Laundry Features In Unit
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bathrooms 2
Total Baths 6
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Exterior
Exterior Amenities Dock
Parking Features Concrete Driveway
Lot Features Sloped Views
Water Source Public
Lot Size Area 0.31
Building Area Total 3432
Lot Dimensions 240.1 X 188.5 IRR
Lot Size Acres 0.31
Road Surface Type Paved
Road Frontage Type County Road
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Exp Realty, Llc 7720

Broker

jeana.r.maddux@exprealty.com

Email

Affordability Calculator

$9,597
Per Month
96%
4%
0%
Monthly Principal & Interest
$9,236
Monthly Property Taxes
$361
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2026$1,500,000 Listed Price

Map


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139 Water Tower Road, Gatlinburg, TN, 37738 is a Single Family Home for sale at $1,500,000 with 3,432 sqft and a lot size of 0.31. 139 Water Tower Road has 4 bedrooms, 4.2 baths, and was built in 2023. The property's zip code is 37738 which is in Gatlinburg, TN