006A8875 - 1189 Cole Lane, Gatlinburg, TN 37738, Gatlinburg
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006A8730 (1) - 1189 Cole Lane, Gatlinburg, TN 37738, Gatlinburg
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39 photos

$599,900

1189 Cole Lane, Gatlinburg, TN 37738
Gatlinburg, TN 37738
Listed by Scott Ogle · Scott Ogle Realty Group
Bedrooms
4
Bathrooms
2
Living area
N/A
Year built
2016

About this home

Positioned in the highly desirable Great Smoky Arts & Crafts Community, this 3,000 + sq foot property offers a rare combination of size, location, and STR zoning- making it an exceptional opportunity for serious investors and developers. This property is projected if on the rental market to gross between $70,000 and $80,000 yearly. located just minutes from downtown Gatlinburg, this property gives guests convenient access tom top attractions while maintaining the charm and experience visitors seek in the arts and crafts district. Even more valuable, the property is connected to public water and sewer, eliminating the common development hurdles allowing for maximum build out potential. Whether you are looking to create a high income producing short term rental, expand into a multi-unit concept or develop a standout cabin concept this property checks ever box.

Property details

MLS #
1334652
Property type
Single Family Residence
Subdivision
Whaley Subd
Status
Active
Days on market
150
On market date
March 30, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
2
Parking spaces
N/A
Lot size
0.51 acres
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Pittman Center Elementary
3.04 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
314
Student:teacher ratio
17.4:1
District
Sevier County
Middle
Gatlinburg Pittman Junior High
0.92 mi away · Grades 7-9
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
410
Student:teacher ratio
12.4:1
District
Sevier County
High
Gatlinburg Pittman High
0.92 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
388
Student:teacher ratio
10.8:1
District
Sevier County

Walkability

Blended score for Gatlinburg's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

54
Somewhat walkable
out of 100
EPA National Walkability Index
8.0 / 20 -- Below average walkable
Google Places amenity density
75 / 100
Restaurants & cafes12
Grocery stores3
Parks3
Schools1
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in Gatlinburg, from live MLS data.

On the market 150 days -- 22 more days than Gatlinburg's current average of 128 days.
For reference, the median list price across 365 active listings in Gatlinburg right now is $488,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
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$
/mo
Est. monthly payment
$3,763/mo
$119,980 down
$479,920 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated August 27, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.