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Tracts 123 McMahan Rd, Pigeon Forge, 37863
Priced At: $1,150,000
Property Details for ID: 1275600
MLS Status: Active
Property Type: Land
On Market Date: 2025-03-08T12:31:08Z
Subdivision: McMahan Add 2
Public Remarks: Presenting a once in a lifetime development opportunity in the heart of Pigeon Forge. This 11.88-acre property has an approved PUD with the city of Pigeon Forge for 26 Chalets/Cabins! It is Zoned R2, which has numerous possibilities and allows for Short Term Rentals. Underground Public Utility Water, Sewer and Electric are available at McMahan Rd. This property offers acres of level to rolling ground, beautiful woods, hollows, mountain view, privacy, small pond, and an active well. The property's ideal location puts it less than 1 mile to the parkway, 3 miles to The Island, and 10 miles to the Gatlinburg entrance of the Great Smoky Mountains National Park. The Gatlinburg/Pigeon Forge Golf Course fairway and Dollywood are just a stone's throw to the west. This property is perfect for builders, developers, or investors looking to get into the Smoky Mountains vacation market. Years worth of planning, engineering and city reviews/approvals are completed and offered with this sale. This is a shovel-ready project, saving the new owner much expense and years of time. Recent survey and PUD plans are available for review. Three parcels are combined for this sale: also includes parcel numbers 017.00 and 019.00. One of the sellers has a real estate license. Schedule your guided tour today!
Schools Information
Elementary School: ********Middle / Junior School: ********
High School: ********
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Directions
From the Parkway (US 441) in Pigeon Forge headed toward Gatlinburg, turn left onto Golf Road. Cross the bridge over the Little Pigeon River, then take an immediate Left onto Valley View Road. Bear Right onto McMahan Rd. and go approximately 1/2 mile to gravel road entrance at Evans Rd street sign. See for sale sign at entrance.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
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