Gatlinburg Cabin Target Cost in current market

[Arthur Means]

Hey all,

sorry for the short question here, just wondering if someone can help me with what I should be looking for from a cost perspective when buying my first or short-term rental.

I saw a one bedroom one bath cabin today that looked decent, it was about 720 ft. It's sold in 2020 for about 200,000, now the owner wants $450,000. Which is $625 a square foot

obviously this is just one example, but have prices really changed this much in 2 years? Seems like it would be pretty difficult to cash flow positive on something that's small for that much money. Any type of guidance here for what the overall market looks like would be super helpful