#1292024
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 (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
Summary
- 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: 4/25/2025, 9:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$855,000
2001 Penny Way
$10,000
closing credit¹
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Price information
Property sales
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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 most common annual income of people living in Sevierville, TN is between $35k-100k. Residents typically live in married, no kids family. The majority of residents in this area have high school diploma education.
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Frequently asked questions
Living in Sevierville, TN
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 $855,000.
While more than 2 listings in Sevierville, TN in March 2025 were sold above asking price, there were more than 15 listings sold at asking price, and more than 77 were sold below. Between February and March 2025, Sevierville, TN real estate market has seen increase in the number of listings by 20.9%. The median list price of listings available in March 2025 was $502,259, while the average time on the real estate market was 97 days.