1293 Laurel Lick Rd - Laurel Lick STR Estate & Development Opportun 4,800 SF Specialty Building Offered at $3,517,500 CAD in Sevierville, TN 37862

Strategic STR Development Platform | Income in Place + Scalable Expansion
Make sure to catch the video! Six designated sleeping areas!
Income-Producing Hospitality Estate with Scalable Development Potential | 23.74 Acres | Sevierville, Tennessee
Positioned within one of the nation's strongest tourism markets, this **23.74-acre hospitality estate** combines immediate cash flow, significant land holdings, and a clearly defined path for future value creation. Located minutes from Pigeon Forge, Gatlinburg, Dollywood, and Great Smoky Mountains National Park, the property offers an investment profile that is increasingly difficult to replicate in today's Smoky Mountain market.
The existing operation generates **more than $100,000 in annual short-term rental revenue**, providing immediate income while allowing future expansion to be executed in phases rather than requiring investors to carry undeveloped land with no operating cash flow.
The 4,800-square-foot residence features **four legal bedrooms, six distinct sleeping areas, three full bathrooms**, and an amenity package designed to attract larger groups, including a private swimming pool, hot tub, pickleball court, private pond, pool table, shuffleboard, foosball, and expansive indoor and outdoor gathering areas that enhance guest experience and support premium rental performance.
The investment opportunity extends well beyond the existing improvements.
A preliminary development concept has been prepared illustrating the potential for **at least 13 additional units**. The concept has been designed to conform with current planning guidance for average slope and minimum lot size requirements, providing investors with a meaningful framework for evaluating future development.
Unlike traditional land acquisitions that require years before generating revenue, this asset provides immediate operational income while preserving multiple pathways for long-term value creation.
Potential investment strategies include:
• Continue operating the existing hospitality business while implementing a phased expansion plan.
• Develop additional accommodations and retain the completed project as a long-term income-producing portfolio.
• Execute a phased build-to-sell strategy designed to maximize land value and create multiple future disposition opportunities.
• Develop a destination-oriented hospitality property centered around expanded guest accommodations, outdoor amenities, and curated experiences.
• Preserve the property as a private mountain estate or legacy family compound with substantial long-term appreciation potential.
From an investment perspective, the property offers two complementary return drivers.
**Current Return**
* Established operating business
* Immediate revenue
* Existing infrastructure
* Proven guest demand
**Future Value Creation**
* Approximately 23.74 acres
* Potential for 13+ additional units
* Opportunity to increase revenue density through strategic development
* Multiple monetization pathways
* Multiple ownership and exit strategies
Supported by one of the country's most resilient tourism economies, this offering allows investors to acquire an operating hospitality asset today while maintaining the flexibility to adapt future development based on changing market conditions, capital objectives, and ownership strategy.
Historical operating information, financial projections, preliminary development concepts, and additional investment materials are available upon request.