Turn-key and income producing, this modern 2 bedroom, 2.5 bath ensuite cabin in Bear Cove Falls Resort is perfectly positioned in the heart of Pigeon Forge just 1 mile to the Parkway and 2 miles to Dollywood with easy, no steep road access. Built in 2020 and offering approximately 1,750 sq ft, this property holds 59 Airbnb reviews averaging 4.93 stars, Guest Favorite with Top 5% status, 30 days of owner usage during peak season, and already has $26,000 on the books for 2026 reflecting strong demand with clear revenue upside. Its central location consistently draws guests for local attractions, family vacations, and major events, including gymnastics tournaments throughout Pigeon Forge and Sevierville. Inside, the open concept layout features a spacious living area, stainless steel appliances, granite countertops, and an entertainment focused design with Skee Ball, a driving arcade game, and Atari 50 on the main level, plus a game loft with Pac-Man Plus and Wheel of Fortune. Two generously sized bedrooms each offer private ensuite bathrooms, comfortably sleeping up to 8 guests. Outdoor and resort-style amenities include a private hot tub, cornhole, board games, play tent, seasonal pool access (May-September), and walkable convenience to a neighborhood pizza shop and market making this a rare blend of modern construction, prime location, and proven STR performance with immediate income potential.
Est. $1,719 per month, based on comparable rentals
Sale and tax history for 1663 Falls Way
Sale History
Tax History
Date
Event
Price
REALTRACS as Distributed by MLS Grid #3304863
Apr 20, 2026
Sold
$555,000
$317/sq ft
Apr 1, 2026
Listed
$599,900
$343/sq ft
GSMAR #310194
Apr 20, 2026
Sold
$555,000
$317/sq ft
Apr 1, 2026
Pending
—
Mar 25, 2026
Price Changed
$599,900
$343/sq ft
Mar 17, 2026
Price Changed
$614,900
$351/sq ft
Feb 14, 2026
Listed
$624,900
$357/sq ft
+31
Turn-key and income producing, this modern 2 bedroom, 2.5 bath ensuite cabin in Bear Cove Falls Resort is perfectly positioned in the heart of Pigeon Forge just 1 mile to the Parkway and 2 miles to Dollywood with easy, no steep road access. Built in 2020 and offering approximately 1,750 sq ft, this property holds 59 Airbnb reviews averaging 4.93 stars, Guest Favorite with Top 5% status, 30 days of owner usage during peak season, and already has $26,000 on the books for 2026 reflecting strong demand with clear revenue upside. Its central location consistently draws guests for local attractions, family vacations, and major events, including gymnastics tournaments throughout Pigeon Forge and Sevierville. Inside, the open concept layout features a spacious living area, stainless steel appliances, granite countertops, and an entertainment focused design with Skee Ball, a driving arcade game, and Atari 50 on the main level, plus a game loft with Pac-Man Plus and Wheel of Fortune. Two generously sized bedrooms each offer private ensuite bathrooms, comfortably sleeping up to 8 guests. Outdoor and resort-style amenities include a private hot tub, cornhole, board games, play tent, seasonal pool access (May-September), and walkable convenience to a neighborhood pizza shop and market making this a rare blend of modern construction, prime location, and proven STR performance with immediate income potential.
GSMAR #267264
Jan 30, 2024
Sold
$625,000
$357/sq ft
Jan 17, 2024
Pending
—
Dec 8, 2023
Price Changed
$675,000
$386/sq ft
Nov 10, 2023
Listed
$699,900
$400/sq ft
+8
Like new cabin only minutes to Dollywood and Gatlinburg Golf Course ! Over 10 million visit Gatlinburg/Pigeon Forge each year and over 2 million stay overnight so hurry to grab this investment property and step into an already established opportunity and own an incoming producing property with nightly + bookings already in place. This cabin is Being sold fully furnished including all appliances and stackable washer/dryer. Interior offers nice finishes including granite tops in kitchen and baths, tongue & grove walls and ceilings, and luxury plank vinyl flooring, fireplace in Great Room, open main level, both Bedrooms are on the 2nd floor and each have an en-suite, high end furnishings , hot tub on covered patio, PAC MAN game in upstairs flex space, subdivision Pool, Location is a slammed dunk - minutes to Dollywood, golf, shopping and dining. Hurry to see this one! New owner should be prepared to honor the current bookings up to 60 days after closing.
Knoxville MLS #1243788
Jan 30, 2024
Sold
$625,000
$357/sq ft
Jan 10, 2024
Contingent
—
Dec 7, 2023
Price Changed
$675,000
$386/sq ft
Oct 24, 2023
Listed
$699,900
$400/sq ft
GCAR #1
Jun 29, 2023
Price Changed
$734,900
$420/sq ft
GSMAR #226272
May 18, 2020
Sold
$415,000
$237/sq ft
REALTRACS as Distributed by MLS Grid #3301530
May 18, 2020
Sold
$415,000
$237/sq ft
Feb 23, 2020
Listed
$425,000
$243/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,858
2024
$2,858
2023
$2,858 (+60.0%)
2022
$1,786
Public record
Public record
Zoning
Permits
Beds
—
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2020
Sq. Ft.
1,800
Year built
2020
Style
Single Family Residential
County
Sevier County
APN
095 02301 011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 6, 2026.
C-4
Planned Unit-Commercial District
It is the purpose and intent of this district to establish areas for major planned unit developments of commercial and/or residential uses, thereby achieving flexibility in design through the clustering of activities in areas specifically designed to accommodate the uses and to discourage traffic congestion and secure adequate light, air, and aesthetic qualities for local citizens and visitors. The regulations are designed to promote efficient use of land and achieve a more economical arrangement of buildings, circulation systems, land uses, and utilities. The regulations will preserve, to the greatest extent possible, the existing landscape features and amenities and utilize total planning of all land tracts in a harmonious manner in order to protect the environmental integrity and quality of the property within this district, and promote the highest quality of development. These include protection of natural resource areas, the preservation of key scenic vistas by encouraging the use of underground utilities and signage that will contribute to the character of the area. Also promote a balance between lodging uses and other visitor and local oriented uses that minimizes development footprints to prevent soil loss and storm water runoff. The development within this district will be characterized by interconnected streets, walking paths, and outdoor activities. Therefore, prior to the issuance of building permits within this district, site plans as required by Sections 407 and 409 shall be reviewed and approved by the planning commission. These plans shall meet all requirements of this ordinance and be consistent with the comprehensive planning program of the City of Pigeon Forge, Tennessee.
Permitted uses
Include but are not limited to:
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Manufacturing
Hotel / motel
Office
Recreation
Theater / performing arts facility
Dec 11, 2019 • Final
Residential
Construct a two-story rental cabin featuring two bedrooms and two and a half bathrooms.
HVAC
New construction
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Total: 0
Parking Features: Asphalt
Interior
Bedroom Information
# of Bedrooms: 2
Bathroom Information
# of Full Baths (Total): 2
# of Half Baths (Total): 1
Room 1 Information
Room Type: Kitchen
Basement Information
Basement Features: Finished, Walk-Out Access, Other
Directions: Take Middle Creek Rd. and make a left on Veterans Blvd. Then make a right on Dollywood Lane and a left on Falls Way. The property is on your left.
Topography: Level,Views
Community Information
Pets Allowed: Yes
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 1,800
Stories: 2.0
Lot Size: —
Style: Single Family Residential
Year Built: 2020
Year Renovated: 2020
County: Sevier County
APN: 095 02301 011
Home facts updated by county records on Jul 6, 2026
Other
Home Information
Living Area: 1750
Living Area Units: Square Feet
Building Area Total: 1750
Building Area Units: Square Feet
Levels: Three Or More
Security Features: Smoke Detector(s)
Around this home
Schools
Sevierville Primary School
Public PreK-1 • Assigned • 4.3mi
Pigeon Forge Middle School
Public 7-9 • Assigned • 2.6mi
4/10
Pigeon Forge High School
Public 10-12 • Assigned • 2.8mi
6/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 101° expected this year, 21 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Pigeon Forge, TN • 37863
Average low and high temperatures (°F)
45
27
54
34
69
44
76
53
76
57
85
65
90
71
83
66
80
60
72
49
63
43
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 27% for direct sun exposure in Pigeon Forge. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$558,000 – $675,000
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