This is great news for investors and second/vacation home buyers alike. For investors, communities like Gatlinburg Falls, a high-end resort mountain development, continue to bring an excellent return to their investors. Should you purchase a rental cabin that does not have existing property management in place, companies like Mountain Dream Vacations offer luxury linens and Turkish bath towels…amenities not formerly thought of in reference to Gatlinburg cabin rentals.
Another addition to the Gatlinburg community, is the private, gated, non-rental community such as The Enclave at Cove Mountain which is meeting the new demands of luxury buyers in the area. There is currently a mix of luxury custom and spec homes being built for those who are not interested in a rental-type community.
Major public enhancements:
- Undergrounding project which includes several future phases, the walkability and aesthetic beauty of Gatlinburg have been heightened by placing all utilities underground and installing new street lighting, sidewalks, crosswalks, planters and benches.
- Enhancements made to the WL Mills Conference Center, in the heart of downtown offering 288,000 square feet of space that can accommodate meetings, conventions, shows, concerts and groups of all sizes.
- $2.74 million upgrade to the Gatlinburg municipal golf course and expansion of holiday lights program which will convert to energy efficient LED lights.
Major private sector enhancements:
The private sector has invested over $150 million in recent months and expected future projects, and the numbers are increasing. Much of the private development includes high-end resort communities, new or enhanced restaurants and renovated shopping areas which increases both the vacation and investment opportunities the millions of visitors to Gatlinburg. Gatlinburg officials anticipate continued aggressive investment from both the public and private sectors in 2008.
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