INCOME PRODUCING HOME WITH OPTIONAL LOT NEXT DOOR. With the purchase of this uniquely appointed turnkey rental property, you have the opportunity to acquire an additional lot next door, at 806 Wiley Oakley. This would be priced at $450,000 if listed independently. The lot must be purchased with the listed home as it is not listed alone. Purchasing the adjacent lot will expand your footprint on one of the most sought-after streets in Chalet Village. This extra property offers multiple possibilities for future building or enticing enhancements, ultimately increasing your income. Or you can build your dream home next to your income producing property and admire the view for years to come. Owners are willing to negotiate pricing for both properties purchased together. This home is epitome of luxury mountain living, a spacious 3 Bedroom (with bonus room) 3.5 Bathroom, 3,900+ sq ft chalet, nestled in the heart of the Smokies. Its prime location is the highly desired resort community of Chalet Village North, with amenities like swimming pools, gym, tennis courts and pickleball courts. This property offers breathtaking views and is just minutes away from downtown Gatlinburg, the Great Smoky Mountains National Park, and so many other attractions! Step inside and be greeted by an open floor plan featuring a large gourmet kitchen, perfect for crafting delicious meals. The main level provides a grand master suite with a king bed and a private bathroom, while the upper-level features two queen bedrooms, each with its own private balcony and connected by a full bathroom. Entertain in style with the unique ''Old West Saloon'' inspired loft, complete with a game room, wet bar, two queen-over-queen bunk beds, and a cocktail arcade machine. Challenge your guests to a game of pool, air hockey, or enjoy the arcade game while sipping drinks from the wet bar. For movie buffs, the ''Art Deco'' inspired theater room with seating for 8 provides the ultimate cinematic experience. The expansive rear deck is an oasis for relaxation, featuring a hot tub and outdoor dining area, perfect for savoring the stunning mountain vistas year-round. This chalet comfortably sleeps 14, making it ideal for large families or groups of friends seeking a mountain getaway. Currently part of a self-managed rental program, this property produced $124,378 in 2023, with projections up to $169,000! This home has been outfitted with Honeywell T1 Pro Smart Wifi thermostats. Its immense spaces, luxurious amenities, and unbeatable location near ski resorts, golf courses, and hiking trails make it a one-of-a-kind opportunity in the Smokies. Don't miss your chance to own this incredible mountain chalet, where luxury meets comfort and endless entertainment awaits.