1266 Lakeview Dr - Hospitality FOR SALE


Dandridge, TN 37725
$1,600,000 USD
321-394-9163
1266 Lakeview Dr, Dandridge, TN for Sale
$1,600,000 USD
Hospitality - FOR SALE
1/42
null | Request Cap Rate

1266 Lakeview Dr
Dandridge, TN 37725


HIGHLIGHTS

  • Salt water pool & spa overlooking Douglas Lake & the Smoky Mountains; full acoustic surround sound theater; billiard room; separate apartment address

OVERVIEW

Create the life and business of your dreams in this luxury retreat where resort living meets breathtaking natural beauty. With consistent income potential as an event venue/multi-family vacation rental that sleeps up to 18, this remarkable 7500 square foot estate unfolds into an expansive, custom manor overlooking the stunning scenery of Douglas Lake flanked by the glory of its Smoky Mountain backdrop. Panoramic views command attention and carry you from room to room. Featuring five en-suite bedrooms, three of which are on the main level, six full baths, and two half baths, the property also includes a perfectly positioned sunroom that captures the scenery and offers an ideal place to relax. The elegant yet comfortable living room provides a fireplace for gathering that flows into formal dining and beautiful kitchen area designed for entertaining. Just beyond you'll enter a spectacular 900 square-foot theater with a 135-inch screen creating a true cinematic experience. The entire property's layout blends luxury with functionality as the interior continues to flow into an expansive great room, dining area, secondary kitchen, and private office--all framed by magnificent views. A large custom bar complete with ice maker creates the perfect setting for entertaining or events that overflow to the pool area. Upstairs a fourth en-suite bedroom accompanies a spacious game and pool table room, providing separation and recreation. Downstairs a modern 1 bed/1.5 bath apartment with kitchen offers separation as an owner/business manager suite, guest quarters, or flex space. The backyard oasis includes resort-style saltwater pool and spa surrounded with premium Trex decking, grand pergola, plumbed AOG gas grill and gas fire pit--all designed to maximize year-round enjoyment. A sleek glass-panel fence preserves the uninterrupted views, creating a setting that is nothing short of spectacular. Current appraisal/income prospectus available as well as five year financial history. Visit https://patriciaspangler.com/1266-lakeview-dr-dandridge-tn/ for more info and downloadable brochure. In order to book limited showing slots during rental turnover please email client proof of funds or lender pre-qualification letter to sold@patriciaspangler.com and beckertransactions@gmail.com. You will get a response ASAP with upcoming showing windows. Listing agent or owner must accompany at all times while on property.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$213 USD /SF

# OF ROOMS

5

PRICE/ROOM

$320,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel, undefined

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R-1

APN/PARCEL ID

068L-A-027.00

ASK ABOUT THIS PROPERTY

Patricia SpanglerHomesmart Coastal RealtyMore Info
321-394-9163

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Patricia SpanglerHomesmart Coastal RealtyMore Info
321-394-9163

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.