2001&1989 Penny WAY Sevierville, TN 37862
4 Beds
4 Baths
3,950 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,950 sqft
Price per Sqft $216
MLS Listing ID 706826
Style Log
Bedrooms 4
Full Baths 4
Originating Board Lakeway Area Association of REALTORS®
Year Built 1996
Annual Tax Amount $3,354
Lot Size 2.260 Acres
Acres 2.26
Lot Dimensions 2.26
Property Sub-Type Multi Family
Property Description
Tucked away on 2.26 wooded acres, this exceptional property features not one, but TWO captivating cabins, perfectly balancing comfort, seclusion, and rental income potential. Ideally located just 5 miles from The Island in Pigeon Forge, 7 miles from Tanger Outlets, and under 20 miles from the Gatlinburg Strip and Ober Gatlinburg, this property offers easy access to all the Smoky Mountains' top attractions.
Main Cabin (2001):
This 3-bedroom, 2-bathroom cabin (on a two bedroom septic) exudes rustic elegance and modern comfort. The main level features a luxurious primary bedroom with an en-suite bath and jacuzzi tub for ultimate relaxation. An open loft area adds charm, while the upstairs offers two additional bedrooms and another full bath. Soaring cathedral ceilings, vinyl plank flooring, and an electric fireplace create a warm, inviting atmosphere throughout. Step outside to the expansive wraparound porch and immerse yourself in the peaceful surroundings.
Second Cabin (1989):
This 2-bedroom, 2-bathroom cabin mirrors the main cabin's rustic charm and modern comforts. The spacious master bedroom on the lower level includes a walk-in closet, jacuzzi tub, and access to the wraparound porch. Upstairs, you'll find another bedroom, bath, and a fun loft with a pool table—ideal for family game nights or entertaining guests. The vinyl plank floors, tongue-and-groove walls, and electric fireplace enhance the cozy, inviting atmosphere.
Investment Potential:
Both homes offer impressive rental projections, with a combined estimate of $85,000 annually, presenting a fantastic opportunity for anyone looking to capitalize on the booming vacation rental market in the area.
Priced to Sell:
This unique property is a must-see! Whether you're looking for a private getaway or a high-performing vacation rental business, these cabins offer the best of both worlds. Don't miss your chance to own two incredible homes on a single parcel in a prime location!
Location
State TN
County Sevier
Community Other
Direction Take US-321 S/Wears Valley Rd to Hidden Hollow Way (4.9 mi) Turn right onto Parkway Use the left 2 lanes to turn left onto Wears Valley Rd Continue onto E Old Wears Valley Rd Continue onto US-321 S/Wears Valley Rd Slight right onto Hidden Hollow Way Slight right onto Penny Way 2001 is the top house and 1989 is the lower house.
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s)
Heating Central
Cooling Ceiling Fan(s), Central Air
Fireplaces Type Living Room
Fireplace Yes
Exterior
Roof Type Shingle
Accessibility Accessible Approach with Ramp, Accessible Central Living Area
Porch Porch, Wrap Around
Garage No
Building
Lot Description Wooded
Architectural Style Log
Structure Type Log Siding,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 104 014.00