Pigeon Forge, TN

$2,300,000
Property Type: Residential Bedrooms: 12 Baths: 16 Square Footage: 9,216 Lot Size (sq. ft.): 52,708 Status: Active
Current Price: $2,300,000 List Date: 10/14/2025 Last Modified: 1/12/2026

Description

This is an incredible investment opportunity right in the heart of Pigeon Forge! Featuring four brand-new, turnkey townhomes, this property offers versatility and strong income potential—ideal for both short-term and long-term rentals. Perfectly positioned on Teaster Lane, you're just moments away from The Island, the Pigeon Forge Convention Center, and Dollywood. Each unit is thoughtfully designed with beautiful views from the front balcony and a back deck surrounded by a peaceful wooded setting. Every townhome spans three stories and includes a spacious garage, 3 bedrooms, 2 full baths, and 2 half baths, with one conveniently located in the garage on the main level. The second floor showcases a bright, open-concept living area featuring modern finishes, large windows, and a warm, inviting fireplace. Upstairs, you'll find three spacious bedrooms, including one with bunk beds to maximize sleeping capacity, plus luxury tile walk-in showers and ample closet space. This is truly a rare chance to own four stunning, income-producing properties in one of the most sought-after areas of the Smokies—completely turnkey and ready to start generating revenue from day one.

More Information MLS# 308648

Location, Tax, and Legal

New Construction YN: Yes New Construction Start Date: 2024-06-03 Estimated Completion Date: 2025-06-02 Restrictive Covenants YN: Yes Zoning: C6 Zoning Entity: City of Pigeon Forge Parcel Number: 094D A 014.00 Tax Lot: n/a Tax Annual Amount: 1378.27 Tax Year: 2024 City Tax: 138.4 County Tax: 1239.87

Contract Information

Sold Before Listed: No Auction YN: No Owner Name: Derosia Listing Agreement: Exclusive Right To Sell Occupancy: Either Association YN: No Current Price: $2,300,000 Original List Price: 2599000 List Price: $2,300,000 Status: Active Listing Contract Date: 2025-10-13

General Property Information

Stories Total: 3 Lot Size Acres: 1.21 Above Grade Finished Area: 9216 Below Grade Finished Area: 0 Garage YN: Yes Bathrooms Half: 8 Garage Spaces: 4 Fireplace YN: Yes Bonus Room YN: No Furnished: Furnished Sign On Property YN: Yes Construction Type: Site Built View YN: Yes List Price/SqFt: 249.57 Living Area: 9216 Bedrooms Total: 12 Bathrooms Total: 16 Bathrooms Full: 8 Year Built: 2025

Remarks and Miscellaneous

Public Remarks: This is an incredible investment opportunity right in the heart of Pigeon Forge! Featuring four brand-new, turnkey townhomes, this property offers versatility and strong income potential—ideal for both short-term and long-term rentals. Perfectly positioned on Teaster Lane, you're just moments away from The Island, the Pigeon Forge Convention Center, and Dollywood. Each unit is thoughtfully designed with beautiful views from the front balcony and a back deck surrounded by a peaceful wooded setting. Every townhome spans three stories and includes a spacious garage, 3 bedrooms, 2 full baths, and 2 half baths, with one conveniently located in the garage on the main level. The second floor showcases a bright, open-concept living area featuring modern finishes, large windows, and a warm, inviting fireplace. Upstairs, you'll find three spacious bedrooms, including one with bunk beds to maximize sleeping capacity, plus luxury tile walk-in showers and ample closet space. This is truly a rare chance to own four stunning, income-producing properties in one of the most sought-after areas of the Smokies—completely turnkey and ready to start generating revenue from day one. Directions: Head west on Dolly Parton Pkwy toward Industry Dr, Turn left onto Veterans Blvd, Turn right onto Teaster Ln, Destination will be on the right

Status Change Information

Status Change Timestamp: 2025-10-14 Major Change Timestamp: 2025-12-08T19:20:47Z Major Change Type: Price Reduced Price Change Timestamp: 2025-12-08T19:20:47Z

Appliances

Dishwasher: 1 Dryer: 1 Electric Range: 1 Microwave: 1 Refrigerator: 1 Self Cleaning Oven: 1 Washer: 1

Architectural Style

Townhouse: 1

Construction Materials

Other: 1

Cooling

Central Air: 1

Current Use

Investment: 1

Documents

TN Confirmation of Agency: 1 TN Prop Residential Condition Disc or Ex: 1

Exterior Features

Lighting: 1 Rain Gutters: 1

Fireplace Features

Fireplaces Total: 4 Electric: 1

Flooring

Luxury Vinyl: 1

Heating

Central: 1

Interior Features

Ceiling Fan(s): 1 Formal Dining: 1 Solid Surface Counters: 1 Walk-In Closet(s): 1 Walk-In Shower(s): 1

Laundry Features

Electric Dryer Hookup: 1 Washer Hookup: 1

Levels

Three Or More: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Views: 1

Parking Features

Driveway: 1 Garage: 1

Patio And Porch Features

Deck: 1

Possession

Close Of Escrow: 1

Property Condition

New Construction: 1

Road Surface Type

Paved: 1

Security Features

Smoke Detector(s): 1

Sewer

Public Sewer: 1

Utilities

Electricity Connected: 1 Sewer Connected: 1 Water Connected: 1

View

City: 1 Mountain(s): 1 Trees/Woods: 1

Water Source

Public: 1

Showing Requirements

Call Listing Agent: 1

Location Tax and Legal

County: Sevier State: TN Property Sub Type: Multi Family MLS Area Major: Pigeon Forge Subdivision Name: None

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Townhouse Construction Materials: Other Cooling: Central Air Current Use: Investment Documents: TN Confirmation of Agency; TN Prop Residential Condition Disc or Ex Exterior Features: Lighting; Rain Gutters Fireplace Features: Electric Flooring: Luxury Vinyl Heating: Central Interior Features: Ceiling Fan(s); Formal Dining; Solid Surface Counters; Walk-In Closet(s); Walk-In Shower(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Views Parking Features: Driveway; Garage Patio And Porch Features: Deck Possession: Close Of Escrow Property Condition: New Construction Road Surface Type: Paved Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected; Water Connected View: Mountain(s); Trees/Woods Water Source: Public Showing Requirements: Call Listing Agent
Listing Office: Smoky Mountain Real Estate Cor
Last Updated: January - 12 - 2026
Information deemed reliable but not guaranteed.