$9,975 Closing Credit¹
#1292024, Listing office: Tennessee Elite Realty
$835,000 List price
2001 Penny Way Sevierville, TN 37862
$9,916
Closing credit¹
4 beds
4 full
3,950 sqft
2.3 acres
$211 / sqft
House
Property details
About 2001 Penny Way
*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 (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!
Highlights
Home typeSingle Family Residence
HeatingCentral, Heat Pump
StatusActive
CoolingCentral Air, Heat Pump, Ceiling Fan(s)
Size3,950 sqft
Lot size2.26 Acres
Year built1996
MLS #305474
ViewMountain(s), Trees/Woods
Summary
- Full Bathrooms: 4
- Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
- Flooring Type: Vinyl
- Interior: Cathedral Ceiling(s)
- Total Bedroom Count: 4
- View: Mountain(s), Trees/Woods
- Architectural Style: Cabin
- Heating: Central, Heat Pump
- Cooling: Central Air, Heat Pump, Ceiling Fan(s)
- List Price: $835,000
- Price/SqFt: $211
- Lot: Wooded
- 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 Valley RdSlight right onto Hidden Hollow WaySlight right onto Penny Way2001 is the top house and 1989 is the lower house.
- Year Built: 1996
- Stories: 2
- Living Area: 3,950 SqFt
- Lot Size: 2.26 Acres
- MLS Number: 305474
- MLS Name: GreatSmokyMountains
- Office Name: Century 21 Legacy GP
- Office Phone: (865) 436-7121
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: 6/27/2025, 10:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$835,000
2001 Penny Way
$9,916
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Pigeon Forge Primary School
Public District PK-3
1.5 mi
•1766 Waldens Creek Rd
4
Pi Beta Phi Elementary School
Public District PK-6
7.5 mi
•125 Cherokee Orchard Rd
2
Sevierville Intermediate School
Public District 3-5
7.6 mi
•416 High St
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. Most families are married, no kids. Most residents in this area 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 2001 Penny Way
The listing price of 2001 Penny Way property is $835,000.
The property 2001 Penny Way is a house located in Sevierville, Tennessee, 37862.
Active Listing: 2001 Penny Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2001 Penny Way are: Pigeon Forge Primary School (GreatSchools Rating 3/10), Pi Beta Phi Elementary School (GreatSchools Rating 4/10), Sevierville Intermediate School (GreatSchools Rating 2/10), Pigeon Forge Intermediate School (GreatSchools Rating 4/10), Wearwood Elementary School (GreatSchools Rating 5/10), Pigeon Forge Junior High School (GreatSchools Rating 4/10), Pigeon Forge High School (GreatSchools Rating 5/10), Sevier County High School (GreatSchools Rating 5/10), Gatlinburg Pittman High School (GreatSchools Rating 7/10).
The property at 2001 Penny Way has 4 bedrooms and 4 bathrooms.
The property 2001 Penny Way is 3,950 SqFt (source: MLS/tax record).
The year of construction for 2001 Penny Way is 1996.
This home is located at 2001 Penny Way in Sevierville, TN and zip code 37862. This 3,950 square foot home, which was built in 1996, sits on a 2.26 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 19, 2025 and is currently priced at $835,000.
In May 2025, from all listings sold in Sevierville, TN there were more than 12 sold above asking price, over 79 sold below and more than 15 were sold right at the asked price. In May 2025 in Sevierville, TN there were 10.6% more homes for sale than in April. While the average time on the market in May 2025 was 82 days, the median list price was $499,995.
From Rocket Homes Real Estate and based on county public records data.