Listing provided by: Jacob Collins · Realty Executives Associates
Source: East Tennessee REALTORS® MLS · MLS# 1339772
Listing last updated
About this home
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.
Facts & features
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Half bathrooms: 0
- Heating: Central, Electric
- Cooling: Central Cooling
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Flooring: Laminate, Hardwood, Tile
- Basement: Finished
- Fireplaces: 2
- Total rooms: 10
- Total interior livable area: 2,474 sqft
- Parking features: Designated Parking
- Attached garage: No
- Size: 3.23 acres · 140,698.8 sqft
- Features: Private, Wooded
- Exterior features: Balcony
- Patio & porch: Deck
- View: Mountain View
- Parcel number: 104 014.16
- Home type: Single Family
- Property subtype: Single Family Residence
- Structure: Tri-Level
- Architectural style: Cabin
- Materials: Wood, Block, Frame
- Year built: 2023
- Sewer: Septic Tank
- Water: Well
- Security: Smoke Detector
- Subdivision: Meadow Ridge Development
- County: Sevier County - 27
- MLS area: Sevier County - 27
- Region: Pigeon Forge
- Price: $1,050,000
- Price per square foot: $424/sqft
- Annual tax: $3,216.34
- Date on market: May 6, 2026
- Days on market: 61
- Status: Active
- MLS #: 1339772
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