2680 High Valley Drive, Pigeon Forge, TN 37863

$1,350,000

Property Type: Residential Bedrooms: 9 Baths: 8 Square Footage: 4,344 Lot Size (sq. ft.): 15,246 Status: Closed

Current Price: $1,350,000 List Date: 2/27/2025 Last Modified: 4/16/2025

Overview

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 st ... (Read more)

Listing Details MLS# 305097

General Property Information

Stories Total: 2
Lot Size Acres: 0.35
Lot Size Source: Public Records
Living Area: 4344
Living Area Source: Public Records
Above Grade Finished Area: 4344
Bedrooms Total: 9
Bathrooms Total: 8
Bathrooms Full: 5
Bathrooms Half: 3
Garage YN: Yes
Attached Garage YN: Yes
Garage Spaces: Yes
Fireplace YN: No
Year Built: 1965
Bonus Room YN: No
Accessory Dwelling Unit YN: Yes
Furnished: Furnished
Planned Unit Development (PUD): No
View YN: Yes
Waterfront YN: No
Accessibility Features YN: No
List Price/SqFt: 310.77
Sold Price/SqFt: 310.77
Below Grade Finished Area: 0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Traditional Attic Features: Access Only Basement: Crawl Space Common Walls: 1 Common Wall; 2+ Common Walls; End Unit Construction Materials: Brick; Frame Cooling: Central Air Current Financing: Conventional; Other Current Use: Investment Documents Available: Aerial Photo Fencing: Back Yard; Fenced; Privacy; Wood Flooring: Hardwood Foundation Details: Slab Heating: Central Interior Features: Additional Living Quarters; Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Great Room; High Speed Internet; Kitchen Island; Kitchen/Dining Combo; Solid Surface Counters Laundry Features: In Kitchen; In Unit; Inside; Laundry Closet; Main Level Levels: One; Two Listing Terms: Conventional Lot Features: Back Yard; Country Setting; Front Yard; Level; Views Other Structures: Second Residence; See Remarks Parking Features: Additional Parking; Garage; Guest; Main Level Garage; Off Street Patio And Porch Features: Patio Possession: Close Of Escrow Property Condition: Updated/Remodeled Road Frontage Type: Road Road Responsibility: Public Maintained Road Road Surface Type: Paved Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Electricity Connected; Internet Available View: Mountain(s) Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number: 2680
Street Name: High Valley
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37863
Property Sub Type: Single Family Residence
MLS Area Major: Pigeon Forge
Subdivision Name: Other

Contract Information

Original List Price: 1350000
Sold Before Listed: No
Listing Contract Date: 2025-02-16
Auction YN: No
Owner Name: Riverchase Hospitality LLC
Listing Agreement: Exclusive Agency
Occupancy: Either
Occupant Type: Vacant
Association YN: No

Remarks and Miscellaneous

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
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.

Status Change Information

Major Change Timestamp: 2025-04-16T20:24:00Z
Major Change Type: Status Change
Status Change Timestamp: 2025-04-16
Purchase Contract Date: 2025-03-05
Close Date: 2025-04-03
Close Price: 1350000
Buyer Financing: Cash
Anticipated Closing Date: 2025-04-03

More Information

Accessory Dwelling Unit Information

ADU SqFt: 1215

Main Room Levels

Main Level Bathrooms: 4
Main Level Bedrooms: 3

Parking Features

Other Parking: 3 Driveways and additional parking
Additional Parking: Yes
Garage: Yes
Guest: Yes
Main Level Garage: Yes
Off Street: Yes

Location, Tax, and Legal

New Construction YN: No
Restrictive Covenants YN: No
Zoning: R2
Zoning Entity: County
Parcel Number: 094 011.00
Tax Lot: Lots 18; 19; 20; 21 & 22
Tax Annual Amount: 1448.6
Tax Year: 2024
Elementary School: Pigeon Forge Primary
Middle Or Junior School: Pigeon Forge Junior High
High School: Pigeon Forge High

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Architectural Style

Traditional: Yes

Attic Features

Access Only: Yes

Basement

Crawl Space: Yes

Common Walls

1 Common Wall: Yes
2+ Common Walls: Yes
End Unit: Yes

Construction Materials

Brick: Yes
Frame: Yes

Cooling

Central Air: Yes

Current Financing

Conventional: Yes
Other: Yes

Current Use

Investment: Yes

Documents Available

Aerial Photo: Yes

Fencing

Back Yard: Yes
Fenced: Yes
Privacy: Yes
Wood: Yes

Flooring

Hardwood: Yes

Foundation Details

Slab: Yes

Heating

Central: Yes

Interior Features

Additional Living Quarters: Yes
Breakfast Bar: Yes
Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
Great Room: Yes
High Speed Internet: Yes
Kitchen Island: Yes
Kitchen/Dining Combo: Yes
Solid Surface Counters: Yes

Laundry Features

In Kitchen: Yes
In Unit: Yes
Inside: Yes
Laundry Closet: Yes
Main Level: Yes

Levels

One: Yes
Two: Yes

Listing Terms

Conventional: Yes

Lot Features

Back Yard: Yes
Country Setting: Yes
Front Yard: Yes
Level: Yes
Views: Yes

Other Structures

Second Residence: Yes
See Remarks: Yes

Patio And Porch Features

Patio: Yes

Possession

Close Of Escrow: Yes

Property Condition

Updated/Remodeled: Yes

Road Frontage Type

Road: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Electricity Connected: Yes
Internet Available: Yes

View

Mountain(s): Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Listing Office: United Real Estate Solutions

Last Updated: April - 16 - 2025

Information deemed reliable but not guaranteed.

2680 High Valley Drive, Pigeon Forge, TN 37863 (MLS# 305097)