🚶 $94K–$101K Projected Revenue on a $699K Brand-New Walkable Gatlinburg STR

💰 Gatlinburg, TN • $699K • $94K–$101K Projected Revenue • ~13.5%–14.5% Projected Gross Yield • 4BR / 3.5BA • Brand-New 2026 Construction • Flat Walk to Downtown • 9 Units Remain

📩 Interested?

Krista DeCarmine
📧 [email protected]
📞 (865) 696-7926

Dustin Cole — Southern Specialty Properties LLC
📧 [email protected]
📞 (770) 480-8675

🚶 The Walk Is the Whole Thing

We see plenty of Gatlinburg STRs with mountain views, hot tubs and game rooms.

What we don't see nearly as often is a brand-new 4-bedroom property where guests can simply walk out the door and take an easy, flat walk into the heart of downtown Gatlinburg.

No winding mountain road.

No switchback driveway.

No piling everyone into the car every time the family wants to head downtown.

These newly constructed Baskin Creek Townhomes are positioned within walking distance of Anakeesta, Ripley's Aquarium of the Smokies, Ole Red, The Pancake Pantry, shopping, dining and entertainment. Baskins Creek itself also runs alongside the property.

At $699,000 per unit, projected annual STR revenue is $94,000–$101,000, equating to approximately a 13.5%–14.5% projected gross revenue-to-price ratio. These are projections—not historical results or guarantees.

And there's another angle here that could be particularly interesting for investors looking to scale:

Twelve identical units were built. Nine remain.

So instead of buying one, an investor could potentially acquire two or three units and operate them together.

🏡 The Asset

Baskin Creek Townhomes • Gatlinburg, TN 37738

💰 Price: $699,000 Per Unit

💵 Projected Annual Revenue: $94K–$101K

📊 Projected Gross Revenue / Price: ~13.5%–14.5%

📈 Price / Projected Revenue: ~6.9x–7.4x

🛏️ 4 Bedrooms

🚿 3.5 Bathrooms

📐 1,886 Sq Ft

🏢 3 Levels

🏗️ Brand-New 2026 Construction

🔑 Complete + Never Rented

🚶 Easy, Flat Walk to Downtown Gatlinburg

🏙️ C2 Zoning

🌊 Not in a Flood Zone

🚘 2-Car Carport + Additional Off-Street Parking

🏡 9 of 12 Units Remain

The units are complete and have never been rented, so investors aren't inheriting someone else's renovation project—or an aging cabin with years of deferred maintenance.

💰 The Revenue Projection

Projected annual revenue is:

$94,000–$101,000 Per Unit

Against a $699,000 purchase price, that works out to approximately:

13.5% Gross Revenue / Price at $94K

14.5% Gross Revenue / Price at $101K

That's roughly:

6.9x–7.4x Projected Annual Gross Revenue

🚶 Walkability Is the Differentiator

This may be the most important part of the entire deal.

A lot of Gatlinburg inventory is technically "close" to downtown.

That doesn't necessarily mean guests can walk there.

These units are positioned around an easy, relatively flat walk to some of Gatlinburg's biggest attractions:

🎢 Anakeesta

🐠 Ripley's Aquarium of the Smokies

🎶 Ole Red

🥞 The Pancake Pantry

🍽️ Restaurants

🛍️ Shopping

🎡 Downtown entertainment

For families especially, that's a meaningful convenience.

Guests can head into town without dealing with a steep mountain driveway or needing to coordinate cars every time part of the group wants to do something.

That creates a very simple STR marketing hook: park the car and walk to Gatlinburg.

The property is also on a level, landscaped city lot, zoned C2 and outside a flood zone, according to the property materials.

🛏️ A True 4-Bedroom Layout

Each unit provides:

4 Bedrooms • 3.5 Bathrooms • 1,886 Sq Ft

spread across three levels.

Three of the upper bedrooms have balcony access, and the materials show a dedicated bunk room configured to sleep four.

That's useful for an STR because you're not trying to manufacture guest capacity by calling every spare corner a bedroom.

The layout gives families and groups multiple actual bedrooms, while the balconies and multi-level configuration create separation within the home.

✨ Brand-New Means You Start With a Clean Slate

There's another major advantage here:

These Units Have Never Been Rented.

For investors who don't want to acquire a 15- or 20-year-old cabin and immediately start replacing major systems, that's attractive.

The units include:

🪵 Tongue-and-Groove Ceilings

✨ Custom Accent Walls in Every Bedroom

🚿 Walk-In Tile Showers

🛁 Tile Bathroom Floors

🍳 Granite Countertops

🥘 Stainless Appliances

🔥 Electric Fireplace

🚘 Covered Entry + 2-Car Carport

🅿️ Additional Off-Street Parking

❄️ Heat-Pump Heating & Cooling

The property materials also note commercial sprinklers, fire alarms and CO detectors, plus a one-year builder's warranty from a licensed general contractor.

Several of the marketing photos are virtually staged, so buyers should evaluate the actual delivered condition and budget for whatever furniture, décor and STR setup they want to add.

📈 The Multi-Unit Angle Could Be Even More Interesting

Here's where this gets different.

Nine Identical Units Are Still Available

That means an investor isn't necessarily limited to buying one STR.

You could potentially buy:

🏡 One Unit

A standalone 4-bedroom Gatlinburg STR.

🏡🏡 Two Units

Eight total bedrooms across two separate rentals.

🏡🏡🏡 Three Units

Twelve bedrooms across three units, while retaining the ability to rent each property separately.

The developer specifically notes that a buyer can acquire two or three and operate them as one operation.

That's potentially compelling for an investor who wants to build scale without having properties scattered across the Smokies.

You could centralize management, cleaners, maintenance and other operations while still maintaining separate rental inventory.

And for very large groups traveling together, multiple neighboring units could create another booking proposition entirely.

🏗️ No Renovation Budget Before You Launch

The other attractive part of buying new construction is what you don't have to do.

There's no existing STR to remodel.

No outdated kitchen to replace.

No old bathrooms to modernize.

No previous owner's design choices to unwind.

The developer specifically positions the 2026 construction as having no deferred maintenance or renovation budget, while also providing the one-year builder warranty.

That doesn't mean there's no additional investment required—these are never-rented units, and buyers should budget appropriately for furnishing, décor, amenities, photography and launch costs.

But your initial capital can go toward creating the STR experience you want, rather than fixing someone else's deferred maintenance.

📊 The Investment Story

💰 Purchase Price: $699,000

💵 Projected Revenue: $94K–$101K

📊 Projected Gross Revenue / Price: ~13.5%–14.5%

🛏️ 4 Bedrooms

🚿 3.5 Bathrooms

📐 1,886 Sq Ft

🏗️ Brand-New 2026 Construction

🚶 Flat, Walkable Downtown Location

🏙️ C2 Zoning

🌊 Not in a Flood Zone

🛡️ 1-Year Builder Warranty

🏡 9 Identical Units Still Available

The investment thesis here isn't about buying a proven STR.

It's about acquiring a brand-new property in a genuinely walkable Gatlinburg location and launching it specifically for the STR market—with projected revenue approaching $100K per unit.

And for investors who want more scale, the ability to acquire multiple identical units creates an opportunity we don't see very often.

💸 Financing Angle

For investors considering one—or potentially multiple—units, it may be worth speaking with lenders that understand vacation-rental properties.

👉 Explore STR Financing Options Here

Depending on the borrower, property and lender requirements, potential structures can include DSCR, conventional investment, portfolio and other STR-focused financing options.

Because these units are brand-new and don't yet have historical rental performance, investors should also understand how each lender will evaluate projected STR revenue.

And if you're considering purchasing two or three units simultaneously, make sure the lender understands the broader acquisition strategy from the beginning.

👉 Get Matched With an STR Lender Here

🏡 Need Help Finding Your Own STR?

We partner with a team that helps investors identify fully underwritten, data-backed STR opportunities based on their budget and investment goals.

They can help with market selection, revenue projections, property recommendations, design, amenity strategy, management, listing optimization and pricing.

👉 See Available STR Investment Opportunities Here

In order to work with them, they typically require having around $150,000 available for your down payment, furnishing, design, and revenue-driving amenities so you're positioned for success from day one.

To date, they've helped investors acquire 375+ properties, generating $60M+ in rental revenue with $25M+ in estimated tax savings.

👉 Get Matched With an STR Property Here

💰 Thinking About Selling Your STR?

Already own a short-term rental and thinking about selling?

The Offer Sheet can put your property directly in front of an audience of active STR investors who are specifically looking for vacation rentals, including properties with proven revenue histories.

Whether your property is listed publicly or you want to explore an off-market sale, we can help get it in front of potential buyers.

Have a strong-performing Airbnb, unique vacation rental, or turnkey STR you may consider selling? Send it our way.

🎯 Why This One Stands Out

🚶 Actually Walkable to Downtown

This is the centerpiece of the deal. Guests can take an easy, flat walk into downtown Gatlinburg instead of navigating a mountain road every time they leave.

💰 ~$94K–$101K Projected Revenue

At $699K, that represents approximately a 13.5%–14.5% projected gross revenue-to-price ratio.

🏗️ Brand-New 2026 Construction

No previous guests, no inherited renovation project and no years of accumulated wear and tear.

🛏️ True 4BR / 3.5BA Layout

Four real bedrooms give an operator a strong foundation for family and group bookings.

🏡 Buy One—or Build a Portfolio

With nine identical units remaining, investors can potentially acquire two or three neighboring properties and operate them together.

📍 Strong Physical Location

The development sits on a level city lot with C2 zoning, outside a flood zone, with Baskins Creek alongside the property.

⚡ Bottom Line

$699K. $94K–$101K Projected Revenue. Brand-New. Walkable to Downtown Gatlinburg.

There's no historical rental performance here yet, so buyers need to independently underwrite the projected revenue.

But that's also part of the opportunity.

You're getting brand-new 2026 construction with four bedrooms, 3.5 bathrooms and no existing STR operation to renovate or reposition.

More importantly, the property has something that's difficult to create after the fact:

Location.

Guests can take an easy, flat walk into downtown Gatlinburg and reach Anakeesta, Ripley's Aquarium, restaurants, shopping and entertainment without navigating a steep mountain road.

And with nine identical units remaining, investors who like the thesis can potentially acquire two or three and create a larger operation in one location.

For an investor looking for a new-construction Gatlinburg STR where walkability—not another mountain driveway—is the differentiator, this is a compelling one to dig into.

📩 Interested in One—or Multiple—Units?

Contact the property team directly and mention you saw the opportunity in The Offer Sheet.

Krista DeCarmine
📧 [email protected]
📞 (865) 696-7926

Dustin Cole — Southern Specialty Properties LLC
📧 [email protected]
📞 (770) 480-8675