For the last few months, I’ve been sharing all the fantastic opportunities that are coming for people who want to own newly constructed rental cabins, both in areas with already established resorts as well as areas where no resorts have existed before. We are working with developers and builders to build new cabins in Sherwood Forest, Black Bear Ridge, Hibernation Station, and Mountain Shadows. I’m very excited to see all the new building coming back to the area after the downturn of the market in 2008 when construction all but stopped.
In our area, there are so many great reasons to own a rental cabin in the Smokies, and I’ve talked about many of those before. But above all else what makes this area such a great place to own vacation rental property is the tourist appeal. The Great Smoky Mountains National Park is the most visited national park in the United States, surpassing the second most visited national park by an almost 2 to 1 ratio! In 2015, nearly 12 million people visited the Smoky Mountains – and that doesn’t include the number of people who just come to visit the tourist attractions of Gatlinburg and Pigeon Forge! Between Dollywood, the number of specialty shops, musical shows, and other activities, our region is one of the most popular tourist sites!
‘The Mountain Mile’
What’s more, the number of opportunities for things to do and see in our area is increasing all the time. One of the most exciting new developments is “The Mountain Mile,” a 1,000,000 square foot stretch of retail and restaurant space spread over more than 174 acres. The new endeavor will include about a mile of frontage along Teaster Lane and is located next to the Cal Ripken baseball complex. The Island and LeConte Center are also close by to the new development. If you haven’t been to The Island recently you owe it to yourself. It is really delightful! The Cal Rip-ken baseball complex and The Rocky Top sports complex have been big hits with our visitors as well. “The Mountain Mile” will be a fantastic addition to that area!
You can learn more about the plans for “The Mountain Mile” here.
The continuing addition of quality entertainment, shopping and sports venues increases the value of your property as well as produces renters for you! I love that when these national companies have done market studies it has led them to us! We knew that we were a wonderful and special place. It’s affirming that their numbers and research agree with us!
