Tour
$10,000 Closing Credit¹
#1296904, Listing Office: Realty Executives Associates
$3,689,900 List price
1940 Wears Valley Rd Sevierville, TN 37862
7 beds
13 full, 3 partial
10,578 sqft
20.6 acres
$349 / sqft
House
Property details
About 1940 Wears Valley Rd
MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! **Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR.***CHECK OUT THE VIDEO TOUR TO SEE THE PROPERTY BY DRONE!***
Highlights
Home typeSingle Family Residence
HeatingCentral, Heat Pump
StatusActive
CoolingCentral Air
Size10,578 sqft
BasementYes
Lot size20.6 Acres
Year built1968
MLS #305235
Garage1 space
Summary
- Partial Bathrooms: 3
- Full Bathrooms: 13
- Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Oven, Washer
- Basement: Yes
- Flooring Type: Carpet, Hardwood, Tile
- Interior: Cathedral Ceiling(s)
- Total Bedroom Count: 7
- Garage Space: 1 space
- Exterior: Deck, Porch
- Architectural Style: Cabin, Log, Chalet
- Heating: Central, Heat Pump
- Cooling: Central Air
- List Price: $3,689,900
- Price/SqFt: $348
- Annual Tax Amount: $5,967
- Tax Year: 2023
- Directions: Take Hwy 66 towards Pigeon Forge Take a Right on to Wears Valley Road property on R. See sign.
- Year Built: 1968
- Stories: 2
- Living Area: 10,578 SqFt
- Lot Size: 20.6 Acres
- MLS Number: 305235
- MLS Name: GreatSmokyMountains
- Office Name: Tennessee Elite Realty
- Office Phone: (865) 280-4922
Copyright Great Smoky Mountains Association of REALTORS ® & MLS. All rights reserved. Information is deemed reliable but not guaranteed. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 11:15:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,689,900
1940 Wears Valley Rd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 27, 2017 | Home Sold | $1,200,000 |
| Dec 01, 2004 | Home Sold | $642,500 |
| May 19, 1993 | Home Sold | $18,500 |
| Nov 29, 1989 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $533,400 | $5,967 |
| 2022 | $349,100 | $5,967 |
| 2021 | $349,100 | $5,967 |
| 2020 | $403,200 | $5,967 |
| 2019 | $231,225 | $4,301 |
| 2018 | $231,225 | $4,301 |
| 2017 | $231,225 | $4,301 |
History based on county public records data.
Nearby schools
3
Pigeon Forge Primary School
Public District PK-3
1.4 mi
•1766 Waldens Creek Rd
2
Sevierville Intermediate School
Public District 3-5
7.2 mi
•416 High St
4
Pi Beta Phi Elementary School
Public District PK-6
7.3 mi
•125 Cherokee Orchard Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,267. The majority of Sevierville, TN residents have income between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
33%
<35k
49%
35k-100k
15%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
7%
Single, with Kids
39%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
7%
12-17 yrs old
14%
18-34 yrs old
47%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Pro Wrestling
Where do the neighbors shop?
Wal-Mart
Bass Pro Shops
Dollar General
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
GMC
Chevrolet
What do the neighbors listen to?
Classic Country
New Country- Country
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Sevierville, TN
Transportation in Sevierville includes a variety of options for residents and visitors. The town's layout facilitates private vehicle use, with a network of roads connecting to major highways for convenient regional travel. Public transportation services are available, offering routes that connect key areas of the town and surrounding attractions. The community's walkability varies by area, with the downtown district being particularly pedestrian-friendly. Ride-sharing services are operational in Sevierville, providing an alternative mode of transport for those without access to a private vehicle.
The community is served by a network of public schools, including several elementary, middle, and high schools, as well as private educational institutions that offer alternative learning environments. Healthcare services are accessible, with local clinics and a hospital that provides emergency care, outpatient services, and specialized medical treatments. Sevierville also boasts a public library system that supports lifelong learning and community engagement. Retail and dining options are abundant, ranging from local boutiques and eateries to well-known chains, reflecting both the town's culture and its appeal to visitors.
Sevierville is celebrated for its small-town charm and proximity to natural attractions, including the Great Smoky Mountains National Park. The community prides itself on a family-friendly atmosphere and a strong sense of local heritage, with annual events that showcase regional music, crafts, and cuisine. The town's character is further enriched by its historical sites and the presence of local businesses that contribute to its unique identity.
Sevierville's housing market is diverse, offering a mix of residential options that cater to a range of preferences. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles that include rustic cabins, contemporary designs, and traditional brick homes. The market also features condominiums and townhouses, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a variety of development phases, with many homes dating back to the late 20th century, reflecting the town's growth during that period.
About 1940 Wears Valley Rd
The listing price of 1940 Wears Valley Rd property is $3,689,900.
The property 1940 Wears Valley Rd is a house located in Sevierville, Tennessee, 37862.
Active Listing: 1940 Wears Valley Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1940 Wears Valley Rd are: Pigeon Forge Primary School (GreatSchools Rating 3/10), Sevierville Intermediate School (GreatSchools Rating 2/10), Pi Beta Phi Elementary School (GreatSchools Rating 4/10), Pigeon Forge Intermediate School (GreatSchools Rating 4/10), Pigeon Forge Junior High School (GreatSchools Rating 4/10), Wearwood Elementary School (GreatSchools Rating 5/10), Pigeon Forge High School (GreatSchools Rating 5/10), Sevier County High School (GreatSchools Rating 5/10), Gatlinburg Pittman High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $5,967 (source: MLS/based on county public records data).
The last sale was on September 27, 2017 for $1,200,000 (source: MLS/tax record).
The property at 1940 Wears Valley Rd has 7 bedrooms and 13 full and 3 half bathrooms.
The property 1940 Wears Valley Rd is 10,578 SqFt (source: MLS/tax record).
The year of construction for 1940 Wears Valley Rd is 1968.
This home is located at 1940 Wears Valley Rd in Sevierville, TN and zip code 37862. This 10,578 square foot home, which was built in 1968, sits on a 20.60 acre lot. Features: 7 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $3,689,900.
While more than 15 listings in Sevierville, TN in April 2025 were sold above asking price, there were more than 14 listings sold at asking price, and more than 88 were sold below. The number of listings in Sevierville, TN increased by 13.3% between March and April 2025. While the average time on the market in April 2025 was 86 days, the median list price was $504,316.
From Rocket Homes Real Estate and based on county public records data.