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Residential Land with Home for Sale in Sevierville, Tennessee

2001&1989 Penny Way, Sevierville, TN 37862

$775,000
2.26 acres
pending
Under contract

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!

3,950
Sq feet
4
Beds
4
Full baths
1996
Built

Location

Street address
2001&1989 Penny Way
Community
Sevierville
Elevation
1,413 feet
Coordinates
35.7671, -83.6271

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

DateEventPriceChangeSource
Nov 15, 2025Under contract$775,000GSMAR
Oct 28, 2025Price drop$775,000$19,900 -2.5%GSMAR
Aug 17, 2025Price drop$794,900$5,000 -0.6%LAAR
Aug 15, 2025New listing$799,900LAAR
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This 2.26-acre property is located at 2001&1989 Penny Way in Sevierville, TN 37862. The property is pending sale. It has a 3,950 sq ft 4 bedroom, 4 bath house built in 1996.

Checked 1 hour ago — Updated

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