2570 Herb Ownby Way Sevierville, TN 37862
Estimated payment $25,505/month
Highlights
- 142.46 Acre Lot
- Mountain View
- Wooded Lot
- Gatlinburg Pittman High School Rated A-
- Creek On Lot
- Lot Has A Rolling Slope
About This Lot
SHOVEL READY in approx. 60-90 days! Stunning 142-acre Wears Valley property with panoramic mountain views. Approved for PUBLIC WATER and fully entitled for 80 spacious lots across 105 of the acres, with additional ridge line acreage for future expansion. Ideal for short-term rental resort or residential community.
Key Features:
- Approved Public Water - Accessible at Little Cove Rd.
- Zoning: Residential (fully entitled)
- Topography: Gently rolling with panoramic mountain views
- Strategic Location - 0.2 miles off Wears Valley Rd, minutes to GSMNP (most visited US Nat'l Park), less than 7 miles to the main Parkway in Pigeon Forge and approx. 11 miles to Gatlinburg.
- Highly Accessible - within a day's drive of 70% of the U.S. population plus easily accessible with no steep inclines.
- Road Frontage - Excellent visibility from Wears Valley Rd plus significant frontage along Valley View Rd and Little Cove Rd.
- Natural Beauty - Borders Cove Creek, providing a serene and picturesque environment.
- Groundwork in Place - Contractor referrals for infrastructure, horizontal and vertical development available upon request, making this an incredible opportunity for builders and investors. Buyer to perform their own contractor due diligence.
- Unparalleled Investment Opportunity - located in Sevier County, TN, a tourism powerhouse generating approximately $4.4 billion in annual visitor spending and attracting 12-15 million visitors annually.
- Robust Tourism - consistently demonstrating growth, fueled by its accessibility, variety of attractions, and the increasing popularity of outdoor recreation and family-oriented travel experiences.
The property's combination of scenic views, strategic location, and development potential make it a rare find in Wears Valley. Drone photos not indicative of view. Owner/Agent.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,853
Lot Details
- 142.46 Acre Lot
- Property fronts a county road
- Rural Setting
- Lot Has A Rolling Slope
- Cleared Lot
- Wooded Lot
- Finished Lot(s)
- Zoning described as Zoned Residential
Property Views
- Mountain Views
- Countryside Views
Outdoor Features
- Creek On Lot
Listing and Financial Details
- Assessor Parcel Number 114 061.00
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 | $3,853 | $260,350 | $260,350 | -- |
| 2024 | $3,853 | $260,350 | $260,350 | -- |
| 2023 | $3,853 | $260,350 | $0 | $0 |
| 2022 | $595 | $40,175 | $40,175 | $0 |
| 2021 | $595 | $40,175 | $40,175 | $0 |
| 2020 | $706 | $40,175 | $40,175 | $0 |
| 2019 | $706 | $37,950 | $37,950 | $0 |
| 2018 | $706 | $37,950 | $37,950 | $0 |
| 2017 | $706 | $37,950 | $37,950 | $0 |
| 2016 | $948 | $50,950 | $44,850 | $6,100 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | $755 | $46,343 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Price Changed | $4,750,000 | -3.6% | -- |
| 06/02/2025 06/02/25 | Price Changed | $4,925,000 | -0.5% | -- |
| 04/24/2025 04/24/25 | Price Changed | $4,950,000 | -0.5% | -- |
| 04/03/2025 04/03/25 | Price Changed | $4,975,000 | -0.4% | -- |
| 03/13/2025 03/13/25 | Price Changed | $4,995,000 | -9.2% | -- |
| 01/09/2025 01/09/25 | For Sale | $5,500,000 | +24.2% | -- |
| 01/26/2023 01/26/23 | Off Market | $4,430,000 | -- | -- |
| 10/28/2022 10/28/22 | Sold | $4,430,000 | -1.6% | $3,516 / Sq Ft |
| 07/20/2022 07/20/22 | Pending | -- | -- | -- |
| 07/20/2022 07/20/22 | For Sale | $4,500,000 | +50.0% | $3,571 / Sq Ft |
| 11/29/2021 11/29/21 | Off Market | $3,000,000 | -- | -- |
| 08/31/2021 08/31/21 | Sold | $3,000,000 | -10.4% | $2,381 / Sq Ft |
| 06/04/2021 06/04/21 | Pending | -- | -- | -- |
| 05/19/2021 05/19/21 | For Sale | $3,350,000 | -- | $2,659 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,430,000 | Tennessee Land Title | |
| Warranty Deed | $3,000,000 | Smoky Mountain Title | |
| Deed | $1,545,000 | -- | |
| Warranty Deed | $500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,494,100 | New Conventional | |
| Previous Owner | $2,250,000 | Commercial | |
| Previous Owner | $1,004,250 | No Value Available |
Source: East Tennessee REALTORS® MLS
MLS Number: 1286539
APN: 114-061.00
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Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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