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129 Sugarfoot Way, Pigeon Forge, 37863
Priced At: $7,200,000
Property Details for ID: 1316107
SqFt: 16,783
Price SqFt: $429
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2025-09-21T02:28:49Z
Subdivision: Charles E Pickel Prop
Public Remarks: Welcome to 129 Sugarfoot Way, a brand-new 16-unit condominium complex strategically located in the heart of Pigeon Forge, Tennessee - one of the Southeast's most dynamic tourism and investment markets. Nestled just minutes from the Parkway, Dollywood, and The Island, this property also enjoys walkable access to Publix grocery store, the popular Lumberjack Feud Show, a cluster of shops including the Pigeon Forge Cinema, and the Pigeon Forge Community Center with recreation facilities and pools. This unbeatable combination of convenience and entertainment offers unmatched appeal. Designed with modern efficiency and investor appeal in mind, the complex has never been occupied, ensuring low deferred maintenance and immediate income potential. Its location in Sevier County - welcoming over 13 million visitors annually - positions it as a rare opportunity for both short-term rental operators and long-term multifamily investors seeking premium returns. Unit Breakdown • 1-Bedroom Units (760 sq. ft.) Perfect for couples, professionals, or short-term rental guests seeking affordability and convenience. • 2-Bedroom Units (1,065 sq. ft.) Spacious layouts ideal for small families or extended stays, balancing comfort with strong rental demand. • 3-Bedroom Units (1,213 sq. ft.) Premium units designed for larger families or group rentals, maximizing nightly rates and long-term tenant appeal. This thoughtful mix of unit sizes ensures broad marketability across multiple tenant and guest demographics. Investment & ROI Potential • Pro-forma ROI: 19.25% Backed by strong rental demand, premium nightly rates, and minimal operating costs due to new construction. • Flexibility of Strategy: Operate as a short-term rental hub to capture tourism dollars. • Lease as long-term multifamily units for stable cash flow. • Pursue a condo conversion strategy, selling units individually at a premium. • Scarcity Value: With limited new multifamily inventory in Pigeon Forge, this asset stands out as a rare, high-yield opportunity.
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 16,783
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Directions
From the Parkway, Turn right onto Community Center Drive (≈ 0.2 mi). Turn left (≈ 56 ft). Into the Parking Lot
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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!