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.
For sale
$1,050,000
2015 Penny Way, Sevierville, TN 37862
4beds
2,474sqft
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
- 55 days |
- 132 |
- 2 |
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#: 1339772
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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
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Listed for sale | $1,050,000-19.2%$424/sqft |
Source: | ||
| 11/1/2024 | Listing removed | $1,299,990$525/sqft |
Source: | ||
| 7/23/2024 | Price change | $1,299,990-3.7%$525/sqft |
Source: | ||
| 6/26/2024 | Listed for sale | $1,350,000+28.6%$546/sqft |
Source: | ||
| 3/21/2022 | Sold | $1,050,000+10.5%$424/sqft |
Source: | ||
| 1/17/2022 | Pending sale | $950,000$384/sqft |
Source: | ||
| 1/13/2022 | Listed for sale | $950,000$384/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $161,753 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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
Nearby schools
GreatSchools rating
- 2/10Pigeon Forge Primary SchoolGrades: PK-3Distance: 1.5 mi
- 4/10Pigeon Forge Middle SchoolGrades: 7-9Distance: 3.4 mi
- 6/10Pigeon Forge High SchoolGrades: 10-12Distance: 3.5 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Sevier County
- Sevierville
- 37862
- 2015 Penny Way







