2414 Walnut Cove Way Way

About this property

Privately positioned within a peaceful cul-de-sac on nearly two acres of park-like grounds, this exceptional true-log mountain retreat offers a rare combination of scale, privacy, and sweeping Smoky Mountain views--paired with impressive short-term rental performance. Currently on track to generate approximately $170,000 in rental revenue for 2026, the property presents a compelling opportunity for both refined personal enjoyment and high-level investment in East Tennessee's thriving vacation market. The grounds are as remarkable as the residence itself. A **spacious, level yard--an uncommon feature in the mountains--**provides ample room for gathering, recreation, and outdoor enjoyment, all framed by long-range vistas. Enhancing the experience, expansive wraparound decking and covered outdoor entertainment areas create multiple settings for dining, hosting, and relaxation. A built-in gas grill, fire feature, and private hot tub offer a seamless outdoor lifestyle, while park-style grills, a dedicated picnic area, and an added recreation space with a basketball hoop create a dynamic environment for guests of all ages. Inside, the home reflects the warmth of authentic log construction paired with thoughtful design across multiple levels. The main level is anchored by an inviting great room featuring a dramatic stacked-stone fireplace and rich timber finishes. The adjoining kitchen offers solid-surface countertops, a peninsula with a newly installed cooktop (2024), and convenient access to a half bath and laundry. The primary suite is generously scaled, featuring a spa-style bath with jetted tub and separate shower. Upstairs, two well-appointed bedrooms--including a private king suite and a queen suite--capture elevated mountain views, complemented by a flexible sitting area ideal for games or quiet retreat. The daylight lower level expands the home's versatility with additional sleeping accommodations, including a king suite with direct hot tub access and a spacious bunk room. A large recreation room features a second fireplace, billiards, foosball, and lounge space, along with access to a covered patio that extends the indoor-outdoor living experience. A newly completed private theater room adds a final layer of entertainment, offering seating for six and a 100-inch screen for an immersive cinematic experience. While the septic system is permitted for four bedrooms, an additional room with a closet provides flexible use for owners or guests. With its rare usable acreage, expansive outdoor living spaces, authentic craftsmanship, and projected $170K+ annual rental performance, this Smoky Mountain estate represents a distinctive opportunity for those seeking a private mountain retreat with meaningful investment return in one of East Tennessee's most desirable destinations.

Subdivision: Dogwood Farms Phase V

MLS #1337201 · East Tennessee REALTORS® MLS

Property facts

Status

Active

Property type

Single Family Residence

Bedrooms

4

Bathrooms

6

Living area

4,227 sq ft

Lot size

1.62 acres

Year built

2,003

County

Sevier County - 27

Price / sq ft

$375/sq ft

Days on market

180

MLS number

1337201

Listing office

eXp Realty, LLC

Features

• Cathedral Ceiling(s)
• Mountain View
• Gas Log