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2015 Penny Way, Pigeon Forge, 37862
Priced At: $1,050,000
Property Details for ID: 1339772
SqFt: 2,474
Price SqFt: $424
Total Bedrooms: 4
Full Baths: 3 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2026-05-06T17:12:41Z
Subdivision: Meadow Ridge Development
Public Remarks: Welcome to 2015 Penny Way, an exceptional dual-cabin investment opportunity tucked away in the heart of Wears Valley where privacy, mountain views, and strong rental income all come together. Cabin 1, completed at the end of 2023, is a fully loaded modern build designed to impress guests and maximize revenue. This 3 bedroom plus bonus room, 3 bathroom layout features an owner's suite, open living area, and kitchen on the main level with direct access to a spacious deck. The upper level offers an additional bedroom and full bath for added privacy, while the lower level is built for entertainment with arcade games, bunk areas, and another full tiled bathroom. Outside, guests can enjoy a large hot tub and fire pit area while taking in the peaceful setting and mountain views that make Wears Valley so desirable. Cabin 2 offers a completely different experience, catering perfectly to couples and honeymooners looking for a more secluded, off-the-grid, mountain feel. Surrounded by mature trees, this cozy two-level cabin features a loft-style sleeping area with a relaxing soaker tub, along with an open living and dining space. It performs exceptionally well as a standalone rental and complements Cabin 1 by diversifying your guest base. With the flexibility to rent them individually or together for larger groups to maximize occupancy and returns. Opportunities like this are rare, two income-producing cabins on one private 3-acre tract in Wears Valley. Whether you're expanding your portfolio or entering the Smoky Mountain short-term rental market, this property checks all the boxes.
Schools Information
Elementary School: Pigeon ForgeMiddle / Junior School: Pigeon Forge
High School: Pigeon Forge
Building Description
Site Built: Yes
Year Built: 2023
Total Rooms: 10
SqFt (Total): 2,474
SqFt (Main Lvl): 1,514
SqFt (Down Lvl): 960
Full Baths: 3
1/2 Baths: 0
Fireplace: Yes
Bonus Room: Yes
Extra Storage: Yes
Basement: Yes
Basement Type: Finished
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 2
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
Headed South on the Parkway from Sevierville, Turn Right on Wears Valley Rd, Drive 4.5 miles to Right on Hidden Hollow Way, Turn Right onto Penny Way, House is approx 0.3 miles down the road on the Right.
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Mortgage Calculator
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!