2001&1989 Penny WAY Active Save Request In-Person Tour Request Virtual Tour
Sevierville,TN 37862
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,950 sqft
Price per Sqft $211
MLS Listing ID 305474
Style Cabin
Bedrooms 4
Full Baths 4
Year Built 1996
Annual Tax Amount $3,354
Tax Year 2024
Lot Size 2.260 Acres
Property Sub-Type Multi Family
Property Description
*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!
Location
State TN
County Sevier
Zoning R1
Interior
Heating Central,Heat Pump
Cooling Central Air,Heat Pump
Flooring Luxury Vinyl
Fireplaces Number 2
Laundry Main Level
Exterior
View Y/N Yes
View Mountain(s),Trees/Woods
Building
Lot Description Views,Wooded
Story 2
Sewer Septic Tank
Water Well
Structure Type Log,Log Siding,Wood Siding
New Construction No
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional