129 Sugarfoot Way Pigeon Forge, TN 37863
Estimated payment $38,299/month
Highlights
- New Construction
- Deck
- Patio
- Gatlinburg Pittman High School Rated A-
- Balcony
- 3-minute walk to Pigeon Forge Community Center
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.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $1,512
Year Built
- Built in 2025 | New Construction
Home Design
- Block Foundation
- Shingle Roof
- Cedar Siding
- Vinyl Siding
- Cedar
Interior Spaces
- 16,783 Sq Ft Home
- Elevator
- Laminate Flooring
Kitchen
- Range
- Microwave
- Dishwasher
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
- Patio
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
Additional Features
- Handicap Accessible
- Lot Dimensions are 123.63 x 164.86
Community Details
- 16 Units
- Charles E Pickel Prop Subdivision
Listing and Financial Details
- Assessor Parcel Number 083 026.00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $304 | $91,920 | $81,680 | $10,240 |
| 2024 | $304 | $91,920 | $81,680 | $10,240 |
| 2023 | $304 | $91,920 | $0 | $0 |
| 2022 | $1,512 | $91,920 | $81,680 | $10,240 |
| 2021 | $1,512 | $91,920 | $81,680 | $10,240 |
| 2020 | $1,776 | $91,920 | $81,680 | $10,240 |
| 2019 | $1,776 | $86,240 | $81,680 | $4,560 |
| 2018 | $1,776 | $86,240 | $81,680 | $4,560 |
| 2017 | $1,776 | $86,240 | $81,680 | $4,560 |
| 2016 | $1,776 | $86,240 | $81,680 | $4,560 |
| 2015 | -- | $85,080 | $0 | $0 |
| 2014 | $1,557 | $85,062 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/21/2025 09/21/25 | For Sale | $7,200,000 | -- | $429 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Gentry Tipton & Mclemore Pc | |
| Warranty Deed | $190,000 | -- | |
| Warranty Deed | $12,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $3,332,500 | Construction |
Source: East Tennessee REALTORS® MLS
MLS Number: 1316107
APN: 083-026.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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