$1,050,000
Pigeon Forge, TN 37862
MLS# 1339772
4 beds | 2474 sqft
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1 / 60
Property Description
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.
Details
Maps
Contract Info
Auction Y/N: No
Listing Price: 1050000
Current Price: $1,050,000
Status: Active
Listing Date: 2026-05-01
Location, Tax & Legal Info
Area: Sevier County - 27
Property Sub-Type: Residential
City/County Code: County
Elementary School: Pigeon Forge
Middle School: Pigeon Forge
Total Tax: 3216.34
High School: Pigeon Forge
General Property Description
Type: Tri-Level
# Bedrooms: 4
Acres: 3.23
Acre Source: Tax Records
# of Rooms: 10
Restrictions: Yes
Site Built: Yes
Fireplace: Yes
Property Status: N/A
SqFt - Main Lvl: 1514
SqFt - Down Lvl: 960
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 2
HOA: No
Basement: Yes
Bonus Room: Yes
Extra Storage: Yes
SqFt - Total (Aprox): 2474
Baths - Full: 3
Year Built: 2023
Remarks & Misc
Directions: Headed South on the Parkway from Sevierville, Turn Right on Wears Valley Rd, Drive 4.5 miles to Right on Hidden Hollow Way, Turn Right onto Penny Way, House is approx 0.3 miles down the road on the Right.
Public Remarks: 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.
Atchd/Dtchd Type
Detached: 1
Style
Cabin: 1
Construction
Block: 1
Frame: 1
Siding
Wood: 1
Fireplace
Gas Log: 1
Stone: 1
Cooling
Central Cooling: 1
Floors
Hardwood: 1
Laminate: 1
Tile: 1
Garage/Parking
Designated Parking: 1
Basement
Finished: 1
Lot Description
Private: 1
Wooded: 1
Fuel
Electric: 1
View
Mountain View: 1
Heat
Central: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Smoke Detector: 1
Washer: 1
Other Rooms
Basement Rec Room: 1
Laundry/Utility: 1
Mstr Bdrm Main Level: 1
Exterior Features
Balcony: 1
Deck: 1
Misc Features
Hot Tub: 1
Walk-in Shower: 1
Sewer
Septic Tank: 1
Water
Well: 1
New Financing
Cash: 1
Conventional: 1
Exchange: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 2015
Street Name: Penny
St Suffix: Way
State/Province: TN
Zip Code: 37862
PIN #: 104 014.16
Subdivision: Meadow Ridge Development
Geo Lat: 35.767439
Geo Lon: -83.62823
Status Change Info
Status Change Date: 2026-05-06
Property Features
Style: Cabin
Construction: Block; Frame
Siding: Wood
Basement: Finished
Lot Description: Private; Wooded
View: Mountain View
Fireplace: Gas Log; Stone
Floors: Hardwood; Laminate; Tile
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Smoke Detector; Washer
Sewer: Septic Tank
Water: Well
Other Rooms: Basement Rec Room; Laundry/Utility; Mstr Bdrm Main Level
Misc Features: Hot Tub; Walk-in Shower
Exterior Features: Balcony; Deck
Showing: See Agent Instructns
New Financing: Cash; Conventional; Exchange
IDX
Listing Office: Realty Executives Associates
Last Updated: June - 03 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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