Check out the private lakes!! 25 sprawling acres in Tennessee. $1,890,000.

Core Property Details & Interior Features

Home Type: Single Family Residence / Estate
Size: 4,693 square feet
Bedrooms: 6 spacious bedrooms
Bathrooms: 5.5 bathrooms
Year Built: 1973
Entertainment Hubs: Home cinema projection area and a dedicated gaming area.
Hosting Capacity: Features an open living/dining layout and two sets of washers and dryers engineered specifically for hosting large groups.
Recent Interior Updates: A newly renovated kitchen, updated windows, refreshed flooring throughout most of the home, and three fully modernized bathrooms.

This stunning multi-level layout includes everything from a modern home cinema to a freshly renovated kitchen built to entertain guests. It is an extraordinary opportunity if you are looking for an income-generating property for sale in the heart of the Great Smoky Mountains.

Acreage & Outdoor Features

Lot Size: ~25.1 sprawling acres spread over multiple tracts.
Community: Tucked away for total seclusion inside the gated Shagbark community.
Water Features: Two private lakes fully stocked with fish, a paddle boat, stone-bordered ponds, and a private natural waterfall.
Recreation: On-site private tennis and pickleball court, plus a newly installed frisbee golf course.
Parking: 5-car detached garage with plenty of extra space for storage.
Landscaping: Extensive brick patios, walking paths, mature magnolia trees, and updated landscape lighting.
Recent Exterior Updates: Features a brand-new roof, a newly installed well pump, an upgraded hot tub, and a completely replaced deck.
Historic Site: Located on the legendary grounds where “The Castle” (a historic 15,000 sq. ft. architectural feat) once stood over the cascading waterfall.

The vast outdoor playground features your very own private stocked lakes, a tennis court, and a pristine waterfall tucked into a gated community. Anyone dreaming of a mountain retreat will find this unique house for sale to be the ultimate escape.

Investment & Rental Details

Permit Status: Holds an active short-term rental (STR) permit configured to sleep up to 36 guests.
Proven Performance: Already a successful income-producing asset, with over $61,000 in confirmed bookings already on the calendar for 2026.

With lodging accommodations for up to 36 guests and thousands of dollars in booked revenue already locked in, this estate is ready to perform. Investors will love how quickly this turnkey residence for sale transforms into a highly profitable addition to their portfolio.

From Zillow

A Buyer’s Dream Wrapped in Total Seclusion on ~26 Smoky Mountain Acres. One of Sevier County’s most storied estates, this private ~26 acre retreat spread out over multiple tracts and tucked inside the gated Shagbark community in Sevierville. This is far more than a cabin; it’s a sprawling legacy property with a fully renovated 5 bedroom, 4 bath guest house known as The Manor, a 5 car detached garage, private lakes, a tennis and pickleball court, a frisbee golf course, stocked ponds, a paddle boat, and acres of manicured lawns wrapped in forest. The estate sits just minutes from downtown Pigeon Forge, Dollywood, downtown Sevierville, and the Great Smoky Mountains National Park.

The Manor is a 5 bedroom, 4 bath brick residence plus an additional basement bedroom, bath, kitchen, and living area, giving it the footprint to be used as either a primary residence or a high end short term rental. Inside you’ll find a home cinema area, gaming area, open living and dining spaces, a full kitchen, and two sets of washers and dryers built for hosting large groups. Recent updates include a new roof, new kitchen, new windows, new hot tub, new well pump, new frisbee golf course, and refreshed landscape lighting. Within the last four years the owners also completed new flooring throughout most of the home, renovated three bathrooms, and replaced a deck.

The property currently holds a short term rental permit to sleep 36 guests and is already producing income, with $61,982 in confirmed 2026 bookings. The grounds tell their own story. The estate features stone bordered ponds, extensive brick patios and paths, magnolia grandiflora and other flowering trees, and a private waterfall. This is the legendary site where ”The Castle,” a 15,000 square foot architectural feat built over a cascading waterfall, once stood. The Castle was lost in the 2022 Hatcher Mountain wildfire, but the brick built Manor and garage survived. The waterfall site remains, ready for a visionary owner to rebuild a signature residence or a grand rental.

Use The Manor as a private family compound, continue operating it as a short term rental, rebuild on the waterfall site, or develop additional STR cabins across the remaining lots. Buyers have also explored converting the 5 car garage into a golf simulator and bowling space, adding a forest minigolf course through the woods, or building a rooftop lazy river and pool above the garage. Notable features include approximately 26 acres an active STR permit for 36 guests with bookings already on the calendar, a 5 car detached garage, a private tennis and pickleball court, private lakes stocked with fish, a paddle boat, stone bordered ponds, a waterfall, a frisbee golf course, extensive paths, brick patios, and mature landscaping.

Recent improvements include a new roof, kitchen, windows, hot tub, well pump, and landscape lighting. Construction is primarily brick. Utilities include private well and septic, local electric service, and AT&T fiber internet. The gated Shagbark community offers a community center and guest entry systems, and zoning is short term rental friendly. Properties like this don’t come to market often, especially with this combination of acreage, infrastructure, completed renovations, an active rental permit, and a rebuild site with this kind of history. Schedule your showing today.