Gatlinburg's Real Estate Market By Jason Gluckman, Thu Dec 8th
Real estate in Gatlinburg is thriving. While the 2000 censusestimated that some 3,300 people live year-round in Gatlinburg,many thousands more visit during every season of the year. Asthese crowds visit Gatlinburg to enjoy the outdoor activitiesand other attractions, hundreds of cabins in Gatlinburg arebought and sold each year. Currently many new buildings andcommunities are being developed. Rental income is a primary objective of many Gatlinburg realestate owners. More and more people are viewing ownershipGatlinburg cabins as an excellent source for supplementalincome. On the high end, the cost of buying a luxurious cabincan run from $250,000 to $500,000, the rental income can easilyrange from $25,000 to $85,000 a year. In considering where to buy a rental cabin, one benefit ofGatlinburg is its prime location -- within a day's drivingdistance of half the American populace. The close proximity, aswell as the natural beauty of the surrounding Smoky Mountains,ensures that thousands of visitors will rent from owners ofGatlinburg real estate.
Even without renting, Gatlinburg real estate is a valuableasset. Over the past few years, many Gatlinburg cabin ownershave experienced appreciation of 7% to 14% a year. In otherwords, many in Gatlinburg have seen their real estateinvestments outpace stock market returns. Smaller cabins can bebought directly from existing owners for as little as $75,000. While many opt to buy cabins and chalets in Gatlinburg, othersprefer the challenge and excitement of purchasing undevelopedland and building their dream cabin from the ground up. At leastin the beginning stages, this option is often affordable, withmany land lots starting at $15,000. As property values continueto rise, some investors are buying Gatlinburg land without theintention of building, but only holding it for a few years, andthen reselling it to the highest bidder. In addition to the financial advantages, owners of Gatlinburgreal estate enjoy the area's natural and other benefits.Gatlinburg real estate can make relaxing and convenient summaryescape or second-home. Some of the newest real estatedevelopments in Gatlinburg are rental and ownership communities,which often include swimming pools,
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central patios, andclubhouses. In addition, there are several attractions onlyminutes, such as Ober Gatlinburg, Dollywood, and Ripley'sAquarium. There are several Gatlinburg realtors online who can assist youdirectly with the real estate buying process. About the author:Gatlinburg CabinsInfo provides information on Gatlinburg cabins, Gatlinburgcabin rentals, properties for sale, weddings and related topics.Gatlinburg Cabins Info is the sister site of Pigeon Forge CabinsWeb. |