129 Sugarfoot Way, Pigeon Forge, TN 37863
Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
129 Sugarfoot Way,Pigeon Forge, TN 37863
$7,200,000
- - Beds
- - Baths
- 16,783 sq. ft.
- Multi-family
- Active
Listed by:logan smith
Office:mg rise real estate group
MLS#:1316107
Source:TN_KAAR
Price summary
- Price:$7,200,000
- Price per sq. ft.:$429.01
About this home
Welcome to 129 Sugarfoot Way, a brand-new 16-unit condominium complex strategically located in the heart of Pigeon Forge, Tennessee - one of the Southeast's most dynamic tourism and investment markets. Nestled just minutes from the Parkway, Dollywood, and The Island, this property also enjoys walkable access to Publix grocery store, the popular Lumberjack Feud Show, a cluster of shops including the Pigeon Forge Cinema, and the Pigeon Forge Community Center with recreation facilities and pools. This unbeatable combination of convenience and entertainment offers unmatched appeal.
Designed with modern efficiency and investor appeal in mind, the complex has never been occupied, ensuring low deferred maintenance and immediate income potential. Its location in Sevier County -
welcoming over 13 million visitors annually - positions it as a rare opportunity for both short-term rental operators and long-term multifamily investors seeking premium returns.
Unit Breakdown
• 1-Bedroom Units (760 sq. ft.)
Perfect for couples, professionals, or short-term rental guests seeking affordability and convenience.
• 2-Bedroom Units (1,065 sq. ft.)
Spacious layouts ideal for small families or extended stays, balancing comfort with strong rental demand.
• 3-Bedroom Units (1,213 sq. ft.)
Premium units designed for larger families or group rentals, maximizing nightly rates and long-term tenant appeal.
This thoughtful mix of unit sizes ensures broad marketability across multiple tenant and guest demographics.
Investment & ROI Potential
• Pro-forma ROI: 19.25%
Backed by strong rental demand, premium nightly rates, and minimal operating costs due to new construction.
• Flexibility of Strategy: Operate as a short-term rental hub to capture tourism dollars.
• Lease as long-term multifamily units for stable cash flow.
• Pursue a condo conversion strategy, selling units individually at a premium.
• Scarcity Value: With limited new multifamily inventory in Pigeon Forge, this asset stands out as a rare, high-yield opportunity.
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Home facts
- Year built:2025
- Listing ID #:1316107
- Added:4 day(s) ago
- Updated:September 22, 2025 at 11:06 PM
Rooms and interior
- Living area:16,783 sq. ft.
Heating and cooling
- Cooling:Central Cooling
- Heating:Central, Electric
Structure and exterior
- Year built:2025
- Building area:16,783 sq. ft.
Finances and disclosures
- Price:$7,200,000
- Price per sq. ft.:$429.01
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