$1,350,000
Pigeon Forge, TN 37863
MLS# 1291398
Status: Closed
9 beds | 4344 sqft
1 / 44
Property Description
We are excited to present a truly unique opportunity for both short-term and long-term rental investors. This newly listed property offers exceptional value, with flexible rental potential and excellent ROI. This listing includes a 3-bedroom, 2-bathroom single-family home with a one-car garage, a divided driveway, and a fenced-in backyard, perfect for long-term rentals or mid-term guests. Right behind the single-family home, you'll find a 3-unit townhouse with each unit offering 2 bedrooms, 1.5 bathrooms, fully furnished and ready for occupancy. These units are equipped with private driveways, outdoor grills, and picnic tables, offering a fantastic setup for short-term vacation rentals. What makes this property even more attractive to investors is its current use as overflow housing for a local hotel, demonstrating strong demand for short-term rentals in this location. All units have been completely remodeled and updated, ensuring they meet the highest standards of comfort and style. Conveniently located just off Wear's Valley Road, near the Parkway in Pigeon Forge, at Red Light 3, this property enjoys high visibility and accessibility, a key factor in attracting short-term renters. We've also included rental projections from Avada Property Management that demonstrate strong income potential if used as a short-term rental, which is currently permitted in this area. Whether you are looking to expand your short-term rental portfolio or invest in long-term rental properties in the highly sought-after Pigeon Forge area, this listing provides an unparalleled opportunity. Feel free to reach out for more information or to schedule a viewing. We look forward to discussing how this property can work for your investment strategy. See youtube for video by typing the address
Details
Contract Info
Auction Y/N: No
Occupancy: Either
Listing Price: 1350000
Current Price: $1,350,000
Status: Closed
Listing Date: 2025-02-28
Location, Tax & Legal Info
Area: Sevier County - 27
Property Sub-Type: Residential
City/County Code: City Limits
Elementary School: Pigeon Forge
Middle School: Pigeon Forge
Total Tax: 1448.6
High School: Pigeon Forge
General Property Description
Type: Other
# Bedrooms: 9
Lot Size SqFt: 86684
Acres: 0.35
Acre Source: Tax Records
# of Rooms: 18
Restrictions: Yes
Site Built: Yes
Fireplace: No
Property Status: N/A
SqFt - Main Lvl: 0
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: No
Basement: No
Bonus Room: No
Extra Storage: Yes
SqFt - Total (Aprox): 4344
Baths - Full: 5
Baths - 1/2: 3
Year Built: 1965
Remarks & Misc
Directions: From the Parkway in Pigeon Forge, turn onto Wears Valley Dr. Drive 0.7 miles and turn left onto Hiigh Valley Dr. The Property is on the right side.
Public Remarks: We are excited to present a truly unique opportunity for both short-term and long-term rental investors. This newly listed property offers exceptional value, with flexible rental potential and excellent ROI.
This listing includes a 3-bedroom, 2-bathroom single-family home with a one-car garage, a divided driveway, and a fenced-in backyard, perfect for long-term rentals or mid-term guests. Right behind the single-family home, you'll find a 3-unit townhouse with each unit offering 2 bedrooms, 1.5 bathrooms, fully furnished and ready for occupancy. These units are equipped with private driveways, outdoor grills, and picnic tables, offering a fantastic setup for short-term vacation rentals.
What makes this property even more attractive to investors is its current use as overflow housing for a local hotel, demonstrating strong demand for short-term rentals in this location. All units have been completely remodeled and updated, ensuring they meet the highest standards of comfort and style.
Conveniently located just off Wear's Valley Road, near the Parkway in Pigeon Forge, at Red Light 3, this property enjoys high visibility and accessibility, a key factor in attracting short-term renters. We've also included rental projections from Avada Property Management that demonstrate strong income potential if used as a short-term rental, which is currently permitted in this area.
Whether you are looking to expand your short-term rental portfolio or invest in long-term rental properties in the highly sought-after Pigeon Forge area, this listing provides an unparalleled opportunity.
Feel free to reach out for more information or to schedule a viewing. We look forward to discussing how this property can work for your investment strategy.
See youtube for video by typing the address
Fencing
Privacy: 1
Wood: 1
Atchd/Dtchd Type
Detached: 1
Style
Traditional: 1
Construction
Brick: 1
Frame: 1
Frame - Brick: 1
Siding
Brick: 1
Other: 1
Fireplace
Brick: 1
Other: 1
Cooling
Central Cooling: 1
Floors
Hardwood: 1
Garage/Parking
Garage Spaces: 1
Main Level: 1
Off-Street Parking: 1
Basement
Crawl Space: 1
Lot Description
Irregular Lot: 1
Level: 1
Rolling Slope: 1
Fuel
Electric: 1
Gas (Natural): 1
View
Country Setting: 1
Mountain View: 1
Heat
Central: 1
Dining Area
Breakfast Bar: 1
Eat-in Kitchen: 1
Kitchen/Dining Rm Co: 1
Appliances
Dishwasher: 1
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Smoke Detector: 1
Washer: 1
Other Rooms
Bedroom Main Level: 1
Breakfast Room: 1
Extra Storage: 1
Family Room: 1
Great Room: 1
Laundry/Utility: 1
Mstr Bdrm Main Level: 1
Exterior Features
Patio: 1
Misc Features
Internet Available: 1
Kitchen Island: 1
Washer/Dryer Connect: 1
Sewer
Public Sewer: 1
Water
Public: 1
Outbuildings
Guest House: 1
New Financing
Cash: 1
Conventional: 1
Other: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 2680
Street Name: High Valley
St Suffix: Drive
State/Province: TN
Zip Code: 37863
PIN #: 094 011.00
Subdivision: High Valley
Geo Lat: 35.793693
Geo Lon: -83.585247
Status Change Info
Status Change Date: 2025-04-06
Under Contract Date: 2025-03-05
Sold Date: 2025-04-03
Sold Price: $1,350,000
Property Features
Style: Traditional
Construction: Brick; Frame; Frame - Brick
Siding: Brick; Other
Basement: Crawl Space
Lot Description: Irregular Lot; Level; Rolling Slope
View: Country Setting; Mountain View
Fireplace: Brick; Other
Floors: Hardwood
Fuel: Electric; Gas (Natural)
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Smoke Detector; Washer
Sewer: Public Sewer
Water: Public
Other Rooms: Bedroom Main Level; Breakfast Room; Extra Storage; Family Room; Great Room; Laundry/Utility; Mstr Bdrm Main Level
Misc Features: Internet Available; Kitchen Island; Washer/Dryer Connect
Exterior Features: Patio
Fencing: Privacy; Wood
Outbuildings: Guest House
Dining Area: Breakfast Bar; Eat-in Kitchen; Kitchen/Dining Rm Co
Showing: See Agent Instructns
New Financing: Cash; Conventional; Other
IDX
Listing Office: United Real Estate Solutions
Office Phone: 865-444-2400
Last Updated: April - 06 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.