2015 Penny Way, Pigeon Forge, TN

$1,050,000

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4

Beds

3

Baths

2,474

Square feet

3.23

Acres

About 2015 Penny Way

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.

Features of 2015 Penny Way

MLS® # 1339772
Price $1,050,000
Bedrooms 4
Bathrooms 3.00
Full Baths 3
Square Footage 2,474
Acres 3.23
Year Built 2023
Sub-Type Single Family Residence
Style Cabin
Status Active

Community Information

Address 2015 Penny Way
Area Sevier County - 27
Subdivision Meadow Ridge Development
City Pigeon Forge
County Sevier County - 27
State TN
Zip Code 37862

Amenities

Features Hot Tub, Walk-in Shower
Parking Designated Parking
View Mountain View
Has Pool No

Interior

Appliances Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Heating Central, Electric
Cooling Central Cooling
Fireplace Yes
# of Fireplaces 2
Fireplaces Stone, Gas Log
Has Basement Yes
Basement Finished

Exterior

Exterior Wood Siding, Block, Frame
Exterior Features Balcony
Lot Description Private, Wooded
Construction Wood Siding, Block, Frame

School Information

Elementary Pigeon Forge
Middle Pigeon Forge
High Pigeon Forge

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

OfficeRealty Executives Associates

Listing Map

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