Complete real estate information about the Gatlinburg area real estate market and everything related to it including Pigeon Forge and Sevierville as well as the rest of Sevier County and our Great Smoky Mountain National Park area. Current market statistics and new listings including foreclosures are also highlighted here.
Another Large Project in Sevier County MAY Have New Life
Way back in June of 2007 a group of investors led by John Turley purchased 200 acres of prime land at exit 407 of Interstate 40 with a grand plan to create a huge project similar to the very successful Turkey Creek development in West Knoxville. Unfortunately there was a LOT of excavating to turn the large hill into a developable site. This preparation included the removal of a great deal of rock and by the time the site had been significantly prepared, the great real estate recession was in full swing and the Dumplin Creek project was put on hold.
With anchor tenants not willing to commit to leases, the project languished and eventually the loans were called due. Mr. Turley was sued by the project's lenders and a sale was planned to transfer the property to new owners, the father and son Joe Fielden (Sr. and Jr.) team. Although the sale was announced in March 2013 it does not appear to have closed yet as negotiations for the project have continued.
Most recently, the City of Sevierville began to seriously consider providing $4 million in funding for the construction of a road to access the property. These funds would match an additional $4 million being sought in the form of grants from the state of Tennessee. Under the plan, the developer would use these funds to construct the road at an estimated expense of $9 million. Under the proposal offered by the Fieldens, any expense above the $8 million in combined state and city funding would be their responsibility.
The site is quite a project indeed as can be seen from this aerial photo I took today:
While the City of Sevierville has never assisted a developer with infrastructure funding this may in fact occur. Although I am not in favor of our local government giving developers money to assist in development this would create lots of jobs of all types for the Kodak community at the north end of Sevier County.
At the meeting of the City of Sevierville's Board of Mayor and Aldermen meeting Monday night, this lack of precedent was discussed. A decision of this magnitude should not be made quickly and it appears that this is still a matter to be settled. Stay tuned...
Every once in a while, an opportunity arises that we just can't pass up and this fantastic log sided home certainly fell into this category. Private, without another home anywhere in sight, this 3-bedroom, 3-bath house with 3 master suites is located in the coveted Pittman Center area and is perfect as either a residence or a vacation home.
This stunning property features over 280 feet of pristine riverfront on the beautiful cascading white water of the Little Pigeon River and this is no postage stamp sized lot either. It is actually a huge parcel of just under 4 acres. From either of the full length decks, you can view & listen to the beautiful rushing river below. Inside, there is also plenty of room to spread out, with over 3,000 square feet of heated & cooled living space, with large rooms and lots of glass.
Should you ever become tired of being alone, Dollywood is less than 20 minutes away but you would never know it from how perfectly peaceful this location is:
We have recently listed 4 otherwise unrelated Smoky Mountain true luxury properties in Sevier County and these estates are absolutely breathtaking. Whether you are looking for an incredible view from a huge mountain side home overlooking Gatlinburg, a spectacular 100+ acre horse farm estate in the Wears Valley area of Sevierville, the landmark Gatlinburg Castle, or just desire your own massive pristine property surrounded by the State and National Forests, we can satisfy your urge to own an undoubtedly unique Smoky Mountain estate. Click on the caption under each of the pictures below to be directed to a full description of these remarkable Gatlinburg area estate properties.
Gatlinburg area sales rocketed past January 2016's tally and we haven't even got all of the sales reported yet. Because this is only the preliminary total, we could rocket past 2006's red-hot all time record of 210 sales. Here is the initial report of January 2017's blistering sales pace for Smoky Mountain residential real estate sales:
Because of some MLS data errors, January's average sales price is not shown on the report above, but hopefully will be soon...