by Lee Lin

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Sevier 37862
2015 Penny Way
$1,050,000
● House - Active

2015 Penny Way

Pigeon Forge, TN 37862
bedrooms
4 Beds
bathrooms
3 Baths
$5,424
Est. Monthly

About This Property

Welcome to 2015 Penny Way, an exceptional dual-cabin investment opportunity tucked away in the heart of Wears Valley where privacy, mountain views, and strong rental income all come together.

Cabin 1, completed at the end of 2023, is a fully loaded modern build designed to impress guests and maximize revenue. This 3 bedroom plus bonus room, 3 bathroom layout features an owner's suite, open living area, and kitchen on the main level with direct access to a spacious deck. The upper level offers an additional bedroom and full bath for added privacy, while the lower level is built for entertainment with arcade games, bunk areas, and another full tiled bathroom. Outside, guests can enjoy a large hot tub and fire pit area while taking in the peaceful setting and mountain views that make Wears Valley so desirable.

Cabin 2 offers a completely different experience, catering perfectly to couples and honeymooners looking for a more secluded, off-the-grid, mountain feel. Surrounded by mature trees, this cozy two-level cabin features a loft-style sleeping area with a relaxing soaker tub, along with an open living and dining space. It performs exceptionally well as a standalone rental and complements Cabin 1 by diversifying your guest base. With the flexibility to rent them individually or together for larger groups to maximize occupancy and returns. Opportunities like this are rare, two income-producing cabins on one private 3-acre tract in Wears Valley. Whether you're expanding your portfolio or entering the Smoky Mountain short-term rental market, this property checks all the boxes.
Unit Size
-
Days on Market
160 days
Land Size
3.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
2002

Listed By

Jacob Collins
Jacob Collins
Realty Executives Associates
Daniel Triemert
Realty Executives Associates

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Last updated: 2 months ago (East Tennessee Realtors #1339772)

Price History

Date / Event Date Event Price
May 1, 2026 Listed by Realty Executives Associates $1,050,000
Listed by Realty Executives Associates
Mar 23, 2022 No longer available -
No longer available
Jan 18, 2022 In contract -
In contract
Jan 14, 2022 Listed by Keller Williams Realty $950,000
Listed by Keller Williams Realty
Incredible opportunity *TWO* beautiful cabins sitting on over 3 acres of land in the Great Smoky Mountains. Both cabins are being offered together as a package, fully furnished, with an established short term rental history for the smaller of the two. The larger cabin has a large wrap around covered porch with incredible year-round, breathtaking views of Mount Le Conte. With vaulted ceilings, 2 bedrooms plus a loft room, and 2 bathrooms, this home has the potential to serve as a personal property or a rental opportunity! It has two stories plus a basement, an extensive parking area with room for a garage to be built, and a shed perfect for storage. The second cabin features a loft room, 1 full bathroom, covered porch, and is rented out year round as a short-term rental property. cont...... Both cabins share a well, and each have their own septic tank system. There is a deed restriction preventing any parcel from being sectioned off and sold if less than 2 acres, unless a variance is pursued by the buyer post-closing. Turn this incredible property into your personal oasis, or use these cabins as short or long term rentals! Schedule your private showing today! The manager has listed the unit size as 2500 square feet.

Property Highlights

Air Conditioning
Fireplace
Parking Details
Parking Features: Designated Parking
Interior Details
Full Bathrooms: 3
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Flooring Type: Laminate, Hardwood, Tile
Rooms: 10
Has Fireplace
Fireplace Features: Stone, Gas Log
Fireplaces: 2
Basement: Finished
Exterior Details
Security Features: Smoke Detector(s)
Architectural Style: Cabin
Year Built: 2023
Building Area Total: 2474
Construction Materials: Wood Siding, Block, Frame
Patio and Porch Features: Deck
Lot Features: Private, Wooded
Lot Size Area: 3.23
Lot Size Units: Acres
Lot Size Acres: 3.23
Lot Size Square Feet: 140698.8
Water Source: Well
Financial Details
Tax Annual Amount: $3,216
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 660
  • Garage Type: 3
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 140,699
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: MEADOW RIDGE DEVEL
  • Land Acres: 0000003230
  • Standard Land Use Code: 2000
  • County Land Use Code: 08
  • State Land Use Code: C00
  • Legal Description 1: MEADOW RIDGE DEVEL PB N/R LOT 12

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080901

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 104
  • District: 16
  • Parcel: 104-014.16
  • Lot: 12
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7676
  • Longitude: -83.6279

    Address

  • Full Address: 2015 Penny Way
  • Address - House Number: 2015
  • Address - Street Name: Penny
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Sevierville
  • Carrier Code: R038
  • 4-Digit Zip Code: 7672
  • Zip Code: 37862

Valuation

    Tax

  • Total Area: 480
  • Tax Year: 2023
  • Tax Amount: $138,500
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2531
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 870,459
  • High Value: 1,090,774
  • Low Value: 650,145

    Market Valuation

  • Market Total Value: $234,000
  • Market Land Value: $49,700
  • Market Improvement Value: $184,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $93,600
  • Assessed Land Value: $19,880
  • Assessed Improvements Value: $73,720

    Sales

  • Current Sale Contract Date: Mar 16, 2022
  • Current Sale Recording Date: Mar 28, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14213
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 2015 Penny Way built and last sold?
The property at 2015 Penny Way was built in 2002 and last sold on Mar 16, 2022 for $1,050,000.
How much is this home worth?
The estimated value of the home located at 2015 Penny Way is $1,060,500.
What are some comparable homes to 2015 Penny Way?
There are currently no comparable homes to 2015 Penny Way.