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For sale
  • $1,050,000

    2015 Penny Way, Sevierville, TN 37862

    4beds
    2,474sqft
    : 
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    Single Family Residence
    Built in 2023
    3.23 Acres Lot
    $-- Zestimate®
    $424/sqft
    $-- HOA

    What's special

    Mountain viewsPeaceful settingSurrounded by mature treesCozy two-level cabinLoft-style sleeping areaLarge hot tubFire pit area
    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.
    55 days
    |
    132
    |
    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jacob Collins 865-558-7002,

    Realty Executives Associates 865-983-0011,

    Daniel Triemert 913-579-3421,

    Realty Executives Associates

    Source: East Tennessee Realtors,MLS#: 1339772MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Bonus Room
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Bonus Room
      • Flooring: Laminate, Hardwood, Tile
      • Basement: Finished
      • Number of fireplaces: 2
      • Fireplace features: Stone, Gas Log
      Interior area
      • Total structure area: 2,474
      • Total interior livable area: 2,474 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Designated Parking
      Features
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 3.23 Acres
      • Features: Private, Wooded
      Details
      • Parcel number: 104 014.16

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Block, Frame
      Condition
      • Year built: 2023

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Meadow Ridge Development
      Location
      • Region: Sevierville

      Financial & listing details

      • Price per square foot: $424/sqft
      • Tax assessed value: $543,300
      • Annual tax amount: $3,216
      • Date on market: 5/6/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/6/2026Listed for sale$1,050,000-19.2%$424/sqft
        Source: East Tennessee Realtors #1339772 Report a problem
        11/1/2024Listing removed$1,299,990$525/sqft
        Source: East Tennessee Realtors #1267668 Report a problem
        7/23/2024Price change$1,299,990-3.7%$525/sqft
        Source: East Tennessee Realtors #1267668 Report a problem
        6/26/2024Listed for sale$1,350,000+28.6%$546/sqft
        Source: East Tennessee Realtors #1267668 Report a problem
        3/21/2022Sold$1,050,000+10.5%$424/sqft
        Source: East Tennessee Realtors #1177841 Report a problem
        1/17/2022Pending sale$950,000$384/sqft
        Source: East Tennessee Realtors #1177841 Report a problem
        1/13/2022Listed for sale$950,000$384/sqft
        Source: East Tennessee Realtors #1177841 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,216 $217,320
        2024$3,216 +132.2%$217,320 +132.2%
        2023$1,385 +27.1%$93,600 +27.1%
        2022$1,090 $73,650 -38.9%
        2021-- $120,550 +73.1%
        2020$1,295 $69,625
        2019$1,295 $69,625
        2018$1,295 +0%$69,625
        2017$1,295 $69,625
        2016$1,295 $69,625 -1.9%
        2015-- $70,950 +0%
        2014$1,156 $70,947
        2013$1,156 $70,947
        2011$1,156 $70,947
        2010-- $70,947 -11.2%
        2009$1,231 $79,922
        2008$1,231 $79,922
        2007$1,231 +14.9%$79,922
        2006$1,071 -19.3%$79,922
        2005$1,327 +26%$79,922 +26%
        2004$1,053 $63,434 +56.9%
        2001-- $40,438 -75%
        2000-- $161,753

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37862

        Getting around

        2 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Pigeon Forge
        • Middle: Pigeon Forge
        • High: Pigeon Forge

        Source: East Tennessee Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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