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
Listing Office: Re/Max First
Last Updated: October - 16 - 2025
Information deemed reliable but not guaranteed.