2001&1989 Penny Way
Sevierville, TN, 37862 $ 775,000
Bedrooms4 Baths4.0 Sq 3,950 Monthly Estimate*
$ 4,835
for $775,000 with 4 bedrooms and 4 full baths. This 3,950 square foot home was built in 1996 on a lot size of 2.26.
** BACK ON THE MARKET AT NO FAULT OF THE SELLERS!!** 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!
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FeaturesInteriorInterior Features Cathedral Ceiling(s) Eat-in Kitchen Ceiling Fan(s)
Flooring Plank
Basement Y/N No
Total Rooms 11
Living Area 3950.00
Fireplace Yes
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GeneralSewer Septic Tank
Heating Central
Cooling Central Air Ceiling Fan(s)
Possession Close Of Escrow
Roof Shingle
Appliances Dryer Washer Refrigerator Microwave Dishwasher
Architctural Style Log
County Sevier
Levels Two
Property Type A
Subdivision Name Other
Accessibility Features Accessible Central Living Area Accessible Approach with Ramp
Tax Year 2024
Occupant Type Vacant
Contingent Pending Continue to Show
Status Pending Continue to Show
Auction Y/N No
Acres 2.2600
Construction Materials Log Siding Wood Siding
Sub Type Single Family Residence
Year Built 1996
Directions Take US-321 S/Wears Valley Rd to Hidden Hollow Way(4.9 mi)Turn right onto ParkwayUse the left 2 lanes to turn left onto Wears Valley RdContinue onto E Old Wears Valley RdContinue onto US-321 S/Wears
City Sevierville
List Price/SqFt 196.20
New Construction Y/N No
Association? No
Structure Type Cabin
Street Name Penny
Public Remarks ** BACK ON THE MARKET AT NO FAULT OF THE SELLERS!!** Tucked away on 2.26 wooded acres this exceptional property features not one but TWO captivating cabins perfectly balancing comfort seclusion and r
Selling Member Name Non Member
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ExteriorWaterfront No
Lot Features Wooded
Lot Size Dimensions 1RR
Garage Y/N No
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* Excluded FeaturesList ByCentury 21 Legacy GpBroker
deannaworkmanrealtor@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,835
- Monthly Property Taxes
- $280
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Sevierville, TN
Average List Price $864,133
Percent of Sale Price 12%
About Sevierville, TN 15,602 Population
31% Since 2002
$ 40,641 Median Income
39.11 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
2484365 Elementary School
2484217 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/31/2025 | $775,000 | -2.50% | Price Down |
| 8/22/2025 | $794,900 | -0.63% | Price Down |
| 8/8/2025 | $799,900 | -0.01% | Price Down |
| 7/11/2025 | $799,999 | -4.19% | Price Down |
| 5/30/2025 | $835,000 | -1.76% | Price Down |
| 5/2/2025 | $850,000 | -0.58% | Price Down |
| 3/21/2025 | $855,000 | | Listed Price |