2001&1989 Penny Way
Sevierville, TN, 37862 $ 775,000
Bedrooms4 Baths4.0 Sq 3,950 Monthly Estimate*
$ 4,772
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.
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!
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FeaturesInteriorInterior Amenities Cathedral Ceiling(s) Ceiling Fan(s) High Speed Internet
Basement Storage Space
Flooring Luxury Vinyl
Furnished Y/N Furnished
Total Fireplaces 2
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 3950.0
Half Baths 0
Laundry Features Main Level
Total Bedrooms 4
Below Grade Finished Area 0.0
Total Baths 4
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GeneralSewer Septic Tank
Heating Central Heat Pump
Cooling Central Air Heat Pump
Possession Close Of Escrow
Appliances Dishwasher Electric Range Electric Water Heater Microwave Refrigerator
Zoning R1
Garage Spaces 0.0
Architectural Style Cabin
Construction Materials Log Log Siding Wood Siding
Year Built 1996
View Mountain(s) Trees/Woods
Levels Two
Property Subtype Multi Family
Tax Year 2024
Current Use Investment
Accessibility Accessible Entrance
County Sevier
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Other
Garage Y/N N
Total Rooms 0
Full Baths 4
Status Pending
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-32
City Sevierville
Disclosures Seller Disclosure
MLS Area Sevierville
Lot Size Units Acres
Lot Size Square Feet 98445.6
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3354.27
Home Warranty Y/N N
Current Financing None
MLS Area Minor Sevierville
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Pending
Tax Lot 13
Senior Community None
Occupancy Either
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ExteriorLot Features Views Wooded
Water Source Well
Lot Size Area 2.26
Spa N
Building Area Total 3950.0
Lot Size Acres 2.26
Lot Size Source Assessor
Waterfront Y/N N
Horse Y/N N
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* Excluded FeaturesList ByCentury 21 Legacy GpBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,772
- Monthly Property Taxes
- $280
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $860,232
Percent of Sale Price 11%
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.
2009826 Elementary School
2009827 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/29/2025 | $775,000 | -2.50% | Price Down |
| 8/17/2025 | $794,900 | -0.63% | Price Down |
| 8/4/2025 | $799,900 | -0.01% | Price Down |
| 7/9/2025 | $799,999 | -4.19% | Price Down |
| 5/29/2025 | $835,000 | -1.76% | Price Down |
| 4/30/2025 | $850,000 | -0.58% | Price Down |
| 3/19/2025 | $855,000 | | Listed Price |