
Residential Land with Home for Sale in Sevierville, Tennessee
2001&1989 Penny Way, Sevierville, TN 37862
TWO FOR ONE RENTAL OPPORTUNITY- 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 (on a two bedroom septic) cabin 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
- Street address
- 2001&1989 Penny Way
- County
- Sevier County
- Community
- Sevierville
- Elevation
- 1,413 feet
Directions
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.
Property details
- Acreage
- 2.26 acres
- Zoning
- R1
- MLS #
- GSMAR 305474
- Posted
Property taxes
- 2024
- $3,354
Parcels
- 104 014.00
Details and features
Listing
- Type
- Residential Multi Family
Lot
- Features
- Views, Wooded
Structure
- Stories
- 2
- Basement
- Storage Space
- Water
- Well
- Sewer
- Septic Tank
- Heating
- Central, Heat Pump
- Cooling
- Central Air
- Materials
- Log, Log Siding, Wood Siding
Interior
- Rooms
- Basement, Bathroom x 4, Bedroom x 4
- Flooring
- Vinyl
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
- Features
- Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 15, 2025 | Under contract | $775,000 | — | GSMAR |
| Oct 28, 2025 | Price drop | $775,000 | $19,900 -2.5% | GSMAR |
| Aug 17, 2025 | Price drop | $794,900 | $5,000 -0.6% | LAAR |
| Aug 15, 2025 | New listing | $799,900 | — | LAAR |


























































