Black Bear Ridge is a large development located off Lost Branch Road in the Pigeon Forge area. Access to the cabin development of approximately 200 cabins is easiest by taking Wears Valley Rd (Rt. 321) past Walden's Creek Road and take your first left which is Lost Branch Road. Black Bear Ridge will be on your right.

The development was started around 2004 and prospered in the 2005 to early 2007 time frame when cabins were being built in great numbers within the development. Owners paid some very high prices for the cabins as they purchased at the very peak of the market and the rental histories of several cabins did not return results as expected.

General Price Range

Prices within the development vary tremendously depending on whether it is a foreclosure, short sale, or regular sale. Originally prices ranged from $300,000 to the high $900,000's. Foreclosures in the 2008 to 2010 time frame ranged from about $140,000 for a 2 BR/2 BA cabin to as low as $295,000 for a 6 BR/6 BA cabin with over 4,700 square feet The cabin prices seem to have stabilized and slightly increased recently primarily due to most of the foreclosures within the development already taken place. The development also has many cabins that generate excellent gross rental incomes making them desirable to investors. A large portion of the cabins have theater rooms and several have indoor pools.

Other Information about Black Bear Ridge

• Great view from most cabins
• On site wedding chapel
• Community Pool
• Convenient location with easy access to Pigeon Forge and the main Parkway at Light #3
• Can be purchased for as low as 38% of the original selling price
• Most of the 6 BR+ cabins have theater rooms
• Several cabins have indoor pools
• Price per square foot is among the absolute lowest in the area due to the number of foreclosures.
• Rental histories are strong for cabins with either a good view, theater room, or indoor pool (or any combination of the above).

Negative Aspects

• High rate of foreclosures
• Lack of privacy between cabins
• Not many different floor plans/elevations to choose from.
• Typicallly the foreclosure cabins do not have any furniture remaining.

Photos I took of some cabins within the development (many of these my clients have purchased as foreclosures or short sales):

956 Black Bear Cub Way

1056 Black Bear Cub Way

1060 Black Bear Cub Way

1030 Black Bear Cub Way

1110 Black Bear Cub Way

1114 Black Bear Cub Way

1128 Black Bear Cub Way

1130 Black Bear Cub Way

1121 Autumn Path Way

1434 Eagle Cloud Way

1450 Eagle Cloud Way

1703 High Rock Way

1707 High Rock Way

1717 High Rock Way

1010 Black Bear Cub Way Movie

948 Black Bear Cub Way

960 Black Bear Cub Way

• A huge fire destroyed dozens of the cabins on March 17, 2013. Fire fighters from departments across the entire region were called in to fight the blaze. Many cabins were built in place of the cabins that burned, while other owners are still determining what to do with their property.
• Different builders included Amet, Whaley, Legacy, etc.
• A few of the cabins were built with steel I-beams as the foundation rather than the typical block foundation walls or poured walls. Below is a picture for an example of one of these foundations.
• Lawsuits in Black Bear Ridge Resort:
  
  CLOUD NINE, LLC, HEAVEN’S VIEW, LLC, BLACK BEAR DEBACLE, LLC, and HILLTOP HAVEN, LLC - Plaintiffs
  v.
  JEFF WHALEY, JOYCE WHALEY, BLACK BEAR RIDGE RESORT, LLC, GBO ENTERPRISES, LLC, and BLACK BEAR RIDGE OWNERS ASSOCIATION, INC.-
  Defendants.
• Similar Lawsuit

Contact Jay Fradd by either calling (865) 809-8600 or e-mail in order to receive more information about Black Bear Ridge Resort.

Jay can provide you with detailed information regarding:

• Past rental histories
• Recent cabin sales
• Current properties available for sale
• Foreclosures & short sales in the development
• Subdivision Plat Maps
• Covenants & Restrictions
• Tax Records of a particular property
• A detailed financial analysis of a particular property
• With serious requests, Jay can preview a property and take photos of the cabin (See example)
• Much more!!!

* Information on general price ranges fluctuates on a regular basis. An effort is made to make the information up to date and current, but you should check to verify the accuracy. Perceptions of each individual are different, so an advantage may be a disadvantage to another and vice versa. The advantages/disadvantages on this page are my own opinions based on my own knowledge of real estate and the feedback of my clients when showing the particular development.

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