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2015 Penny Way, Pigeon Forge, TN 37862

$1,050,000
  • 2015 Penny Way, Pigeon Forge, TN 37862 Main Photo

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New to the Market Active
BEDS4 BATHS3 full SQUARE FEET2,474 MLS#1339772
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMeadow Ridge Development

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.

2015 Penny Way | MLS# 1339772

This single family home located at 2015 Penny Way, Pigeon Forge, TN 37862 is currently listed for sale with an asking price of $1,050,000. This property has 4 bedrooms and 3 full baths with 2474 sq. ft. Penny Way is located in the Meadow Ridge Development subdivision. Search Meadow Ridge Development real estate on www.franklinrealty.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Cooling: Central Cooling
Fireplaces: 1
Fuel Type: Electric
Heating: Central, Electric
Home Style: Cabin
Lot Size: 3.23 Acres

Amenities

Balcony

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Days on Site: 1
Exterior: Wood Siding, Block, Frame
Fireplace: Stone, Gas Log
Flooring: Laminate, Hardwood, Tile
Lot: Private, Wooded
Parcel #: 104 014.16
Parking: Designated Parking
Security Features: Smoke Detector
Sewer: Septic Tank
Special View Info: Mountain View
SQFT Total: 2474
View: Mountain View
Water: Well
Wooded: Yes

Local Schools

High School: Pigeon Forge
Middle School: Pigeon Forge
Elementary School: Pigeon Forge

Listed By / Shown By

Listed By

Agency Name: Realty Executives Smoky Mountains

Shown By

Agency Title: Franklin Realty Inc.
Agency Phone: 865-484-0660

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Estimated Payment

$ 6,743.86 per month $6,437.61 Principal & Interest $0.00 Property Tax (data not provided by mls) $306.25 Homeowner's Insurance

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