2001&1989 Penny Way Sevierville, TN $ 775,000
2001&1989 Penny Way
$ 775,000
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2001&1989 Penny Way

Sevierville, TN, 37862
$ 775,000
Bedrooms4 Baths4.0 Sq 3,950

Monthly Estimate*

$ 4,772

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Single Family Home for sale in Sevierville, TN

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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Single Family Pending

Price

$ 775,000

Bedrooms

4

Full Bath

4

Property Type

Single Family

Taxes

$ 3,354

Style

Cabin

Lot Size

2.26

Year Built

1996

Town/City

Sevierville

County/Region

Sevier

MLS | Web ID

305474

Features
Interior
Interior 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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General
Sewer 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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Exterior
Lot 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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Internal Only
Street Number 1 20011989
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* Excluded Features
List By
Century 21 Legacy Gp

Broker

Affordability Calculator

$5,051
Per Month
94%
6%
0%
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.
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Nearby
2009826 Elementary School
2009827 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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

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2001&1989 Penny Way, Sevierville, TN, 37862 is a Single Family Home for sale at $775,000 with 3,950 sqft and a lot size of 2.26. 2001&1989 Penny Way has 4 bedrooms, 4.0 baths, and was built in 1996. The property's zip code is 37862 which is in Sevierville, TN