4836 Highland Place Way
Pigeon Forge, TN 37863
$885,000
2 bd · 3 ba · 1,897 sqft · Listed 1d ago
View on Realtor.com →Year built
2016
Sqft
1,897
Lot sqft
—
HOA / mo
$150
Furnished
No
List date
2026-10-05T14:52:12.000000Z
Revenue
Annual revenue
$60,336
ADR
$262
Occupancy
63%
Cleaning fees (12 mo)
$10,240
Confidence
Low (48.09), 50 comps
Comp revenue range (p25 / median / p75)
Median revenue of shown comps: $53,050
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6
Cabin · 2 bd · 2 ba · sleeps 6 · 515 ft
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $65,352ADR $298Occ ≈ 60%5★ (291)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
2BR/2BA Great Location with a panoramic view! Cabin
| 2 bd · 2 ba · sleeps 6 | $112,077 | $370 | 83% | 4.8★ (121) | 177 ft | AirbnbVrboBooking |
Cabin Retreat with Jacuzzi, Pool Table and Pool in Pigeon Forge, Tennessee House | 2 bd · 2 ba · sleeps 6 | $29,125 | $580 | 14% | — | 200 ft | VrboBooking |
Solid Ground Lodge with Yard! Cabin
| 2 bd · 2 ba · sleeps 4 | $60,928 | $277 | 60% | 4.8★ (395) | 335 ft | AirbnbVrboBooking |
Mountain Cabin • Hot Tub • 10 Min to Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $80,250 | $282 | 78% | 4.9★ (587) | 364 ft | AirbnbVrbo |
Charming 2BR | Free Attraction Tickets | Fireplace Cabin | 2 bd · 2 ba · sleeps 6 | $33,509 | $308 | 30% | 4.5★ (227) | 371 ft | AirbnbVrboBooking |
Family Cabin | Stunning Mountain Views and Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $36,803 | $272 | 37% | 4.9★ (25) | 377 ft | AirbnbVrboBooking |
SmokyVistaRomanc:View*Games*HotTub*WiFi*ResortPool Cabin | 2 bd · 2 ba · sleeps 6 | $64,765 | $328 | 54% | 5★ (5) | 387 ft | AirbnbVrbo |
Ridge & Shadow | Mtn Views-Pool Table- Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $13,194 | $214 | 17% | 4★ (4) | 459 ft | VrboBooking |
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6 Cabin
| 2 bd · 2 ba · sleeps 6 | $65,352 | $298 | 60% | 5★ (291) | 515 ft | Vrbo |
Charming Log Cabin, Sleeps 6, Hot Tub, Pool Table Cabin
| 2 bd · 2 ba · sleeps 6 | $43,118 | $244 | 48% | 4.8★ (14) | 522 ft | AirbnbVrboBooking |
Show 37 more
Ridge & Shadow | Mtn Views-Pool Table-Hot Tub
Cabin · 2 bd · 2 ba · sleeps 8 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $15,843ADR $236Occ ≈ 18%5★ (8)
Mountain View Retreat w/ Hot Tub & Games
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $30,062ADR $397Occ ≈ 21%—
Located 1.5 mi. from the Parkway in Pigeon Forge.
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $41,523ADR $193Occ ≈ 59%5★ (269)
2Br/2ba, King Bed, Mtn View, Hot Tub, Arcade, Pets
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
Revenue $72,793ADR $223Occ ≈ 89%5★ (653)
A Cabin With An Extraordinary View
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $53,050ADR $185Occ ≈ 79%4.6★ (410)
2BR Resort Cabin w/Hot Tub*Game Room*Fireplaces
Cabin · 2 bd · 2 ba · sleeps 6 · 0.1 mi
- Hot tub
- Pool
- A/C
- Free parking
- +5
Revenue $11,485ADR $2,297Occ ≈ 1%—
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
- Hot tub
- Pool
- A/C
- Free parking
- +6
Revenue $67,025ADR $299Occ ≈ 61%4.9★ (301)
Cabin w/ Free Attraction Tickets, views, private hot tub, & shared, heated pool
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $25,220ADR $276Occ ≈ 25%4.5★ (128)
Smoky Mountain Log Cabin w/ Hot Tub
Cabin · 2 bd · 2 ba · sleeps 6 · 0.2 mi
Revenue $12,278ADR $350Occ ≈ 10%3.7★ (3)
| Listing | Size | Revenue (12 mo) | ADR | Occ ≈ | Rating | Distance | Links |
|---|---|---|---|---|---|---|---|
GORGEOUS VIEWS of the SMOKIES ~ Centrally Located Cabin
| 2 bd · 2 ba · sleeps 6 | $41,950 | $311 | 37% | 4.9★ (385) | 0.1 mi | AirbnbVrbo |
Beautiful MTN Views*Hot Tub + Fireplace*Game Room Cabin
| 2 bd · 2 ba · sleeps 6 | $86,939 | $282 | 84% | 5★ (196) | 0.1 mi | AirbnbVrbo |
Ridge & Shadow | Mtn Views-Pool Table-Hot Tub Cabin
| 2 bd · 2 ba · sleeps 8 | $15,843 | $236 | 18% | 5★ (8) | 0.1 mi | Airbnb |
Cozy Bear Cabin - Pool Access &Pool Table &Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $60,930 | $208 | 80% | 4.7★ (245) | 0.1 mi | AirbnbVrbo |
Mountain View*Hot Tub*Arcade*Pool Table*Dollywood Cabin
| 2 bd · 2 ba · sleeps 6 | $45,501 | $316 | 39% | 5★ (166) | 0.1 mi | AirbnbVrbo |
Mountain View Retreat w/ Hot Tub & Games Cabin | 2 bd · 2 ba · sleeps 6 | $30,062 | $397 | 21% | — | 0.1 mi | Vrbo |
Large 2BR Mountainview | Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 6 | $26,713 | $240 | 30% | 4.7★ (191) | 0.1 mi | AirbnbVrboBooking |
Located 1.5 mi. from the Parkway in Pigeon Forge. Cabin
| 2 bd · 2 ba · sleeps 6 | $41,523 | $193 | 59% | 5★ (269) | 0.1 mi | Vrbo |
Shaconage Rest *Slps 8*Close to Attractions Cabin | 2 bd · 2 ba · sleeps 8 | $60,387 | $253 | 65% | 4.8★ (21) | 0.1 mi | AirbnbVrbo |
2Br/2ba, King Bed, Mtn View, Hot Tub, Arcade, Pets Cabin | 2 bd · 2 ba · sleeps 6 | $72,793 | $223 | 89% | 5★ (653) | 0.1 mi | Airbnb |
Beary Relaxing: Unwind in the Smokies Cabin
| 2 bd · 2 ba · sleeps 6 | $68,464 | $300 | 63% | 4.5★ (20) | 0.1 mi | AirbnbVrbo |
Absolutely Amazing Views! Cabin
| 2 bd · 2 ba · sleeps 8 | $57,985 | $327 | 49% | 4.8★ (401) | 0.1 mi | AirbnbVrbo |
A Cabin With An Extraordinary View Cabin
| 2 bd · 2 ba · sleeps 6 | $53,050 | $185 | 79% | 4.6★ (410) | 0.1 mi | Vrbo |
Easy Roads, Mtn Views, Hot Tub, Game Room + Pets! Cabin
| 2 bd · 2 ba · sleeps 8 | $76,794 | $266 | 79% | 5★ (209) | 0.1 mi | AirbnbVrboBooking |
2BR Resort Cabin w/Hot Tub*Game Room*Fireplaces Cabin
| 2 bd · 2 ba · sleeps 6 | $11,485 | $2,297 | 1% | — | 0.1 mi | Airbnb |
Wooded 2BR | Pool | Hot Tub | Fireplace Cabin | 2 bd · 2 ba · sleeps 6 | $18,586 | $271 | 19% | 4.2★ (121) | 0.1 mi | AirbnbVrbo |
Cozy Cabin w/ Hot Tub & Game Loft | Near Dollywood Cabin | 2 bd · 2 ba · sleeps 8 | $54,563 | $257 | 58% | 4.8★ (35) | 0.2 mi | AirbnbVrbo |
View of Paradise Cabin, Pigeon Forge Cabin
| 2 bd · 2 ba · sleeps 6 | $90,713 | $308 | 81% | 4.8★ (203) | 0.2 mi | AirbnbVrbo |
Cozy Log Cabin・Hot Tub・Resort Pool・Balcony・Gated Cabin
| 2 bd · 2 ba · sleeps 6 | $54,017 | $243 | 61% | 4.2★ (30) | 0.2 mi | AirbnbVrboBooking |
Cozy Smoky Mtn Cabin~Mins to PForge & Gatlinburg Cabin
| 2 bd · 2 ba · sleeps 6 | $21,640 | $266 | 22% | 4.7★ (49) | 0.2 mi | AirbnbVrbo |
BearFootinInTheSmokies:Res Pool*Game*WiFi*Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $58,677 | $308 | 52% | 4.2★ (10) | 0.2 mi | AirbnbVrbo |
Mountain Views! Hot Tub + Game Room*Fireplace House
| 2 bd · 2 ba · sleeps 6 | $59,402 | $240 | 68% | 5★ (145) | 0.2 mi | AirbnbVrbo |
Southern Memories Cabin
| 2 bd · 2 ba · sleeps 7 | $64,100 | $315 | 56% | 4.9★ (23) | 0.2 mi | AirbnbVrbo |
Resort setting w/ awesome Mtn views! Self checkin, close to Nat’l Park! Sleeps 6 Cabin
| 2 bd · 2 ba · sleeps 6 | $67,025 | $299 | 61% | 4.9★ (301) | 0.2 mi | Vrbo |
Smoky Mountain Views | Hot Tub + Game Room Cabin
| 2 bd · 2 ba · sleeps 6 | $86,227 | $340 | 69% | 4.5★ (10) | 0.2 mi | AirbnbVrbo |
Cabin w/ Free Attraction Tickets, views, private hot tub, & shared, heated pool Cabin | 2 bd · 2 ba · sleeps 6 | $25,220 | $276 | 25% | 4.5★ (128) | 0.2 mi | Vrbo |
3.5 Mi to DT Pigeon Forge・Dog Ok! Getaway・Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $85,038 | $395 | 59% | 4.5★ (27) | 0.2 mi | AirbnbVrboBooking |
Cozy Retreat N Pigeon Forge・Views・Hot Tub・Pool Cabin
| 2 bd · 2 ba · sleeps 6 | $46,973 | $225 | 57% | 4.5★ (20) | 0.2 mi | AirbnbVrboBooking |
Bring your Buddy, your Cubs, or Cuddle Bear to thi House
| 2 bd · 2 ba · sleeps 6 | $49,687 | $255 | 53% | 4.3★ (74) | 0.2 mi | AirbnbVrboBooking |
Smoky Mountain Log Cabin w/ Hot Tub Cabin | 2 bd · 2 ba · sleeps 6 | $12,278 | $350 | 10% | 3.7★ (3) | 0.2 mi | Vrbo |
Central location|Hot tub|Fireplace|Pet friendly Cabin
| 2 bd · 2 ba · sleeps 6 | $22,938 | $214 | 29% | 4.8★ (17) | 0.2 mi | AirbnbVrbo |
Log Cabin Overlooking Mtns, Sleeps 6, Resort Pool Cabin | 2 bd · 2 ba · sleeps 6 | $48,778 | $267 | 50% | 5★ (6) | 0.2 mi | AirbnbVrboBooking |
Cabin N Gorgeous Wooded Setting, Sleeps 6, Hot Tub Cabin
| 2 bd · 2 ba · sleeps 6 | $29,741 | $264 | 31% | 4.2★ (18) | 0.2 mi | AirbnbVrboBooking |
*Relaxing 2BD Cabin Near TOWN | Hot Tub + VIEWS* Cabin
| 2 bd · 2 ba · sleeps 8 | $37,698 | $231 | 45% | 4.8★ (22) | 0.2 mi | AirbnbVrbo |
Altitude Adjustment Indoor Pool Cabin Cabin
| 2 bd · 3 ba · sleeps 8 | $91,425 | $321 | 78% | 4.8★ (180) | 0.2 mi | AirbnbVrbo |
Mountainview 2BR, Hot Tub, Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 6 | $26,000 | $279 | 26% | 4.2★ (185) | 0.2 mi | AirbnbVrboBooking |
2BR Mountainview | Free Attraction Tickets Cabin | 2 bd · 2 ba · sleeps 6 | $56,927 | $315 | 50% | 4.5★ (182) | 0.2 mi | AirbnbVrboBooking |
Revenue and nightly rate (ADR) are trailing-12-month figures per listing. Occupancy is estimated as revenue ÷ ADR ÷ 365 and can read high when revenue includes cleaning fees.
Cash flow calculator
Est. revenue
$60,336
NOI
$29,636
Cash flow /mo
$2,470
Cash needed
$942,400
Cash-on-cash (all cash)
3.1%
ROE (yr 1)
6.0%
Cap rate
3.3%
DSCR
—
Year-1 write-off
$180,539
Year-1 tax shield @ 32%
$57,773
Year-1 return on equity
- Cash flow (annual)$29,636
- Principal paydown (n/a, cash)$0
- Appreciation at%$26,550
Tax savings aren't counted. Turn on “Count tax savings in returns” above if you can use the losses.
Opex, cash-needed & tax-savings breakdown
Annual operating expenses
- Management (20% of revenue)$12,067
- Platform fees (3% of revenue)$1,810
- Maintenance / capex (5% of revenue)$3,017
- Utilities & supplies$4,200
- HOA$1,800
- Property tax$2,496
- Insurance (STR-rated)$5,310
Cash needed to close
- Purchase price (all cash)$885,000
- Closing costs (4.0%)$35,400
- Furnishing (bought new)$22,000
Tax savings if the STR loophole applies
- Tax shield @ 32%$57,773
No county tax record split for property tax, insurance rate and the land/building split, so those use market defaults — edit the price above; other assumptions match the daily feed (see tasks/plan.md).
The write-off comes from the cost segregation estimate below. Not tax advice.
Cost segregation estimate
An estimate from the listing: every part of the home is priced from national construction costs, less wear for age, and the price (less land) is spread over the parts in proportion. The headline is what a typical cost seg study would claim for this property. The answers below are optional refinements.
Depreciable basis
$752,000
Short-life (5/15-yr)
$158,000 · 21%
Year-1 deduction
$181,000
Year-1 tax shield @ 32%
$58,000
Land 15% (market default, no usable tax-record split) · building $594,000 over 39 years · new furniture $22,000
Based on: 1,897 sq ft, built 2016, 2 bd / 3 ba, unfurnished, listing features (hot tub, deck, game room, fireplace, stone counters, flooring types, appliance list, septic).
Try the cost segregation calculator on any property →
IRS-guide safe-harbor floor: $113,000 in year 1 (12% short-life, $36,000 tax shield), the conservative amount following the IRS audit guide's residential classification table.
- $15,800
Kitchen cabinetsdefault
$10,000 new × 60% good × 2.64 allocation
- $16,100
Kitchen countertops (stone)listing
$10,200 new × 60% good × 2.64 allocation
- $5,300
Decorative trimdefault
$3,300 new × 60% good × 2.64 allocation
- $500
Mirrorsdefault
$500 new × 40% good × 2.64 allocation
- $1,400
Shelvingdefault
$900 new × 60% good × 2.64 allocation
- $5,000
Window coverings (19)default
$4,800 new × 40% good × 2.64 allocation
- $12,900
Carpet, vinyl & laminate (100% of floors)listing
$12,200 new × 40% good × 2.64 allocation
- $16,400
Kitchen & laundry equipment plumbingdefault
$7,700 new × 80% good × 2.64 allocation
- $9,900
Kitchen, laundry & data equipment electricaldefault
$4,700 new × 80% good × 2.64 allocation
- $6,000
Appliances (range, microwave, dishwasher, refrigerator)listing
$5,700 new × 40% good × 2.64 allocation
- $9,500
Hot tub (freestanding)listing
$9,000 new × 40% good × 2.64 allocation
- $16,000
Furniture bought newlisting
$16,000 new × 100% good · bought separately
- $6,000
Game-room equipment bought newlisting
$6,000 new × 100% good · bought separately
- $14,300
Paving: driveway & walks (paved)default
$9,000 new × 60% good × 2.64 allocation
- $13,800
Landscaping (typical)default
$8,700 new × 60% good × 2.64 allocation
- $3,000
Patiosdefault
$1,900 new × 60% good × 2.64 allocation
- $28,200
Decks & porches (attached)listing
$21,300 new × 50% good × 2.64 allocation
- $452,900
Structure: foundation, framing, walls, windows, doors, roof, interior finishesdefault
$205,900 new × 83% good × 2.64 allocation
- $45,100
Building plumbing & fixturesdefault
$21,300 new × 80% good × 2.64 allocation
- $45,000
Building electrical & lightingdefault
$21,300 new × 80% good × 2.64 allocation
- $28,200
HVACdefault
$21,400 new × 50% good × 2.64 allocation
- $4,200
Fireplacelisting
$2,600 new × 60% good × 2.64 allocation
- $19,000
Septic systemlisting
$12,000 new × 60% good × 2.64 allocation
About the property
Depreciation schedule: typical cost seg study
| Year | 5-yr | 15-yr | Building | Total |
|---|---|---|---|---|
| 1 | $120,700 | $59,200 | $600 | $180,500 |
| 2 | $0 | $0 | $15,200 | $15,200 |
| 3 | $0 | $0 | $15,200 | $15,200 |
| 4 | $0 | $0 | $15,200 | $15,200 |
| 5 | $0 | $0 | $15,200 | $15,200 |
| 6+ | $0 | $0 | $532,800 | $532,800 |
| Total | $120,700 | $59,200 | $594,300 | $774,300 |
Model-based estimate, not an engineered cost segregation study. The IRS doesn’t approve studies; get a professional study before filing. Using these losses against W-2 income needs the short-term rental exception (average stay ≤7 days + material participation). The 39-year building life applies because stays average under 30 days, a separate test (27.5 years for a long-term rental). Federal only: California, Georgia and Wisconsin disallow bonus depreciation, Ohio adds back 5/6 of it, and Tennessee has no personal income tax. Not tax advice.
Market note
STR allowed in most of Sevier County; inside Gatlinburg city limits only in overnight-rental zones.