LKV Realty
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$1,050,000
$6,000Reward *
2015 Penny Way, Pigeon Forge, TN 37862Listing ID 1339772

2015 Penny Way, Pigeon Forge, TN 37862

Active
Meadow Ridge Development
Time on site: 103 daysLast updated: Jul 13, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
4
Bathrooms
Bathrooms
3
Square Feet
Square Feet
2,474
Acres
Acres
3.23
Days on Site
Days on Site
102
Cooling
Cooling
Central Air
Heating
Heating
Central, Electric
Year Built
Year Built
2023
Parking
Parking
Assigned

Welcome to 2015 Penny Way, an exceptional dual-cabin investment opportunity tucked away in the heart of Wears Valley where privacy, mountain views, and strong rental income all come together. Cabin 1, completed at the end of 2023, is a fully loaded modern build designed to impress guests and maximize revenue. This 3 bedroom plus bonus room, 3 bathroom layout features an owner's suite, open living area, and kitchen on the main level with direct access to a spacious deck. The upper level offers an additional bedroom and full bath for added privacy, while the lower level is built for entertainment with arcade games, bunk areas, and another full tiled bathroom. Outside, guests can enjoy a large hot tub and fire pit area while taking in the peaceful setting and mountain views that make Wears Valley so desirable. Cabin 2 offers a completely different experience, catering perfectly to couples and honeymooners looking for a more secluded, off-the-grid, mountain feel. Surrounded by mature trees, this cozy two-level cabin features a loft-style sleeping area with a relaxing soaker tub, along with an open living and dining space. It performs exceptionally well as a standalone rental and complements Cabin 1 by diversifying your guest base. With the flexibility to rent them individually or together for larger groups to maximize occupancy and returns. Opportunities like this are rare, two income-producing cabins on one private 3-acre tract in Wears Valley. Whether you're expanding your portfolio or entering the Smoky Mountain short-term rental market, this property checks all the boxes.

Property Information

Property Details

Location

Address
2015 Penny Way
County
Sevier County - 27
City
Pigeon Forge
Zip Code
37862
Subdivision
Meadow Ridge Development
High School
Pigeon Forge
Elementary School
Pigeon Forge
MLS Area
Sevier County - 27

Interior Features

Beds and Baths

Bedrooms
4
Full Bathrooms
3

Building

Building Information

Square Feet
2,474
Year Built
2023
Construction
Block, Frame, Wood Siding

Property Taxes

Tax Annual Amount
$3,216
Realty Executives Associates, (865) 983-0011

Market Report for 37862

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: East Tennessee Realtors®
East Tennessee Realtors® logo

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.

For corrections to this data please contact Brytecore MLS Support.

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