BEDS4
BATHS3 full
SQUARE FEET2,474
MLS#1339772
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONMeadow Ridge Development
NEIGHBORHOODSevier County - 27
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.
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: 8
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
Agent Name: Robin Manis
Agent Phone: Cell: (423) 252-7056
Agency Title: Crye-Leike Real Estate Services
Source: East Tennessee REALTORS
Estimate Your Payment
Estimated Payment
$ 2,643.09 per month $2,336.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $306.25 Homeowner's InsuranceChange Payment Information
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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 robinmanis.crye-leike.com today.