2001 Penny Way Sevierville, TN 37862
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 cabin (on a two bedroom septic) 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
Summary
- Full Bathrooms: 4
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Interior: Cathedral Ceiling(s), Ceiling Fan(s)
- Fireplace: Living Room
- Total Bedroom Count: 4
- Exterior: Porch, Wrap Around Porch
- Architectural Style: Log
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air
- List Price: $850,000
- Price/SqFt: $215
- Lot: Wooded
- 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-321 S/Wears Valley Rd Slight right onto Hidden Hollow Way Slight right onto Penny Way 2001 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: 706826
- MLS Name: Lakeway
- Office Name: Century 21 Legacy GP
- Office Phone: (843) 621-7925
- Office Email: Dneilgrantham@gmail.com
- Listing Agent: Deanna Workman
Listing information provided in part by the Lakeway Area Association of Realtors for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. The information listed is from sources believed reliable but is not guaranteed, and is subject to change without notice.
Copyright © Lakeway Area Association of Realtors 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/18/2025, 2:15:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$850,000
2001 Penny Way
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
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. Typical income of Sevierville, TN residents is 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?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
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
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 $850,000.
Sevierville, TN housing market in April 2025 saw over 15 listings sold above listed price, more than 14 sold at listed price and over 88 sold below. In April 2025 in Sevierville, TN there were 13.3% more homes for sale than in March. In April 2025, listings were on the market for 86 days. During the same period, the median list price in this real estate market was $504,316.