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2570 Herb Ownby Way, Sevierville, 37862
Priced At: $4,975,000
Property Details for ID: 1286539
MLS Status: Active
Property Type: Land
On Market Date: 2025-02-10T17:57:44Z
Public Remarks: Discover this remarkable 142-acre property in the heart of Wears Valley, boasting breathtaking panoramic views of Cove Mountain and Wears Valley. With preliminary approval for 80 spacious lots across 105 acres and approximately 37 acres remaining for future platting and expansion along the ridgeline, this property offers exceptional potential for a short-term rental resort or residential community. This prime parcel has successfully navigated the entitlement process and is primed for construction once road establishment is completed. Key Features: - Approved Public Water - Accessible at Little Cove Rd. - Strategic Location - Just 0.2 miles off Wears Valley Rd, minutes to the Great Smoky Mountain National Park (the most visited Park in the US), less than 7 miles to the main Parkway in Pigeon Forge and approx. 11 miles to Gatlinburg. - Highly Accessible - within a day's drive of 70% of the U.S. population. - Road Frontage & Visibility - Excellent visibility from Wears Valley Rd plus significant frontage along Valley View Rd and Little Cove Rd. - Easy to Navigate - This property offers smooth and straightforward accessibility with no steep inclines, ensuring comfortable and effortless access - Natural Beauty - The property borders Cove Creek, providing a serene and picturesque environment. - Groundwork in Place - Contractor referrals for infrastructure, horizontal and vertical development available upon request, making this an incredible opportunity for builders and investors. Buyer to perform their own contractor due diligence. - Unparalleled Investment Opportunity - located in Sevier County, Tennessee, a tourism powerhouse generating approximately $4.4 billion in annual visitor spending and attracting 12-15 million visitors annually. - Robust Tourism - consistently demonstrating growth, fueled by its accessibility, variety of attractions, and the increasing popularity of outdoor recreation and family-oriented travel experiences. The property's combination of scenic views, strategic location, and development potential make it a rare find in Wears Valley. Owner/Agent.
Schools Information
Elementary School: ********Middle / Junior School: ********
High School: ********
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HOA Fee: 0
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Directions
From Sevierville: take the Parkway towards Pigeon Forge. Right on Wears Valley Rd (stoplight #3). Left on Valley View Rd. Left on Herb Ownby Way (see signage).
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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.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!