Tracts 123 McMahan Road, Pigeon Forge, TN 37863
$875,000
Property Type:
Land
Lot Size (sq. ft.):
517,493
Status:
Closed
Current Price:
$875,000
List Date:
3/08/2025
Last Modified:
10/16/2025
Description
Presenting a once in a lifetime development opportunity in the heart of Pigeon Forge. This 11.88-acre property has an approved PUD with the city of Pigeon Forge for 26 Chalets/Cabins! It is Zoned R2, which has numerous possibilities and allows for Short Term Rentals. Underground Public Utility Water, Sewer and Electric are available at McMahan Rd. This property offers acres of level to rolling ground, beautiful woods, hollows, mountain view, privacy, small pond, and an active well. The property's ideal location puts it less than 1 mile to the parkway, 3 miles to The Island, and 10 miles to the Gatlinburg entrance of the Great Smoky Mountains National Park. The Gatlinburg/Pigeon Forge Golf Course fairway and Dollywood are just a stone's throw to the west. This property is perfect for builders, developers, or investors looking to get into the Smoky Mountains vacation market. Years worth of planning, engineering and city reviews/approvals are completed and offered with this sale. This is a shovel-ready project, saving the new owner much expense and years of time. Recent survey and PUD plans are available for review. Three parcels are combined for this sale: also includes parcel numbers 017.00 and 019.00. One of the sellers has a real estate license. Possible Owner financing. Schedule your guided tour today!
More Information MLS# 302862
Location, Tax, and Legal
Restrictive Covenants YN: No
Zoning: R-2
Zoning Entity: Pigeon Forge
Parcel Number: 095I B 016.00
Tax Lot: 12,13 & 17
Tax Annual Amount: 735
Tax Year: 2024
City Tax: 75
County Tax: 660
Contract Information
Auction YN: No
Owner Name: McLendon & Burton
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Current Price: $875,000
Original List Price: 1300000
Sold Price: $875,000
Status: Closed
Listing Contract Date: 2024-09-06
Currently Not Used
Sold Before Listed: No
General Property Information
Lot Size Acres: 11.88
List Price/Acre: 84090.91
Sold Price/Acre: 73653.2
Remarks and Miscellaneous
Public Remarks: Presenting a once in a lifetime development opportunity in the heart of Pigeon Forge. This 11.88-acre property has an approved PUD with the city of Pigeon Forge for 26 Chalets/Cabins! It is Zoned R2, which has numerous possibilities and allows for Short Term Rentals. Underground Public Utility Water, Sewer and Electric are available at McMahan Rd. This property offers acres of level to rolling ground, beautiful woods, hollows, mountain view, privacy, small pond, and an active well. The property's ideal location puts it less than 1 mile to the parkway, 3 miles to The Island, and 10 miles to the Gatlinburg entrance of the Great Smoky Mountains National Park. The Gatlinburg/Pigeon Forge Golf Course fairway and Dollywood are just a stone's throw to the west. This property is perfect for builders, developers, or investors looking to get into the Smoky Mountains vacation market. Years worth of planning, engineering and city reviews/approvals are completed and offered with this sale. This is a shovel-ready project, saving the new owner much expense and years of time. Recent survey and PUD plans are available for review. Three parcels are combined for this sale: also includes parcel numbers 017.00 and 019.00. One of the sellers has a real estate license. Possible Owner financing. Schedule your guided tour today!
Directions: From the Parkway (US 441) in Pigeon Forge headed toward Gatlinburg, turn left onto Golf Road. Cross the bridge over the Little Pigeon River, then take an immediate Left onto Valley View Road. Bear Right onto McMahan Rd. and go approximately 1/2 mile to gravel road entrance at Evans Rd street sign. See for sale sign at entrance.
Status Change Information
Status Change Timestamp: 2025-10-16
Buyer Financing: Cash
Anticipated Closing Date: 2025-10-15
Major Change Timestamp: 2025-10-16T21:25:00Z
Major Change Type: Status Change
Price Change Timestamp: 2025-07-28T20:42:30Z
Purchase Contract Date: 2025-08-16
Close Date: 2025-10-16
Close Price: 875000
Documents Available
Survey: 1
Listing Terms
Cash: 1
Owner May Carry: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Other: 1
Sewer
Public Sewer: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Development Status
Site Plan Approved: 1
See Remarks: 1
Possible Use
Development: 1
Investment: 1
Multi-Family: 1
Single Family: 1
Subdivision: 1
Showing Considerations
See Remarks: 1
Showing Requirements
Call Listing Agent: 1
Location Tax and Legal
Street Number: Tracts 123
Street Name: McMahan
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37863
Property Sub Type: Unimproved Land
MLS Area Major: Pigeon Forge
Subdivision Name: McMahan Add
Property Features
Development Status: Site Plan Approved; See Remarks
Documents Available: Survey
Listing Terms: Cash; Owner May Carry
Possession: Close Of Escrow
Possible Use: Development; Investment; Multi-Family; Single Family; Subdivision
Road Frontage Type: City Street
Road Surface Type: Paved; Other
Sewer: Public Sewer
Utilities: Electricity Available; Sewer Available; Water Available
Water Source: Public
Showing Considerations: See Remarks
Showing Requirements: Call Listing Agent
Documents
Listing Office:
Re/Max First
Last Updated: October - 16 - 2025
Information deemed reliable but not guaranteed.
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