$875,000
SOLD OCT 16, 2025

Tracts 123 Mcmahan Rd Pigeon Forge, TN 37863

11.88 Acres
$73,653 Price per Acre
517,493 Sq Ft Lot

Recently Sold

26% Below List Price

344 Days on Market

About This Lot

As of October 2025

Presenting a once in a lifetime development opportunity in the heart of Pigeon Forge. This 11.88-acre property has an approved PUD with the city of Pigeon Forge for 26 Chalets/Cabins! It is Zoned R2, which has numerous possibilities and allows for Short Term Rentals. Underground Public Utility Water, Sewer and Electric are available at McMahan Rd. This property offers acres of level to rolling ground, beautiful woods, hollows, mountain view, privacy, small pond, and an active well. The property's ideal location puts it less than 1 mile to the parkway, 3 miles to The Island, and 10 miles to the Gatlinburg entrance of the Great Smoky Mountains National Park. The Gatlinburg/Pigeon Forge Golf Course fairway and Dollywood are just a stone's throw to the west. This property is perfect for builders, developers, or investors looking to get into the Smoky Mountains vacation market. Years worth of planning, engineering and city reviews/approvals are completed and offered with this sale. This is a shovel-ready project, saving the new owner much expense and years of time. Recent survey and PUD plans are available for review. Three parcels are combined for this sale: also includes parcel numbers 017.00 and 019.00. One of the sellers has a real estate license. Possible Owner financing. Schedule your guided tour today!

Last Agent to Sell the Property

David Connors

Re/Max First License #315478 Listed on: 03/08/2025

Re/Max First

Co-Listed By

Becca Pinkerton

Re/Max First License #334052

Last Buyer's Agent

Krista DeCarmine

TN Smoky Mtn Realty License #314542

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $735

Lot Details

  • 11.88 Acre Lot
  • Building or Site Plan Approved
  • Property is zoned R-2

Community Details

  • No Home Owners Association
  • Mcmahan Add Subdivision

Listing and Financial Details

  • Tax Lot 12,13 & 17
  • Assessor Parcel Number 095I B 016.00

Property Details

Property Type

Land

Est. Annual Taxes

$735

Lot Details

11.88 Acres

Listing Details

  • Property Type: Land
  • Zoning: R-2
  • CoListOfficeEmail: mark@remaxblount.com
  • Reso Property Sub Type: Unimproved Land
  • Road Frontage Type: City Street
  • Road Surface Type: Paved, Other
  • Co List Office Phone: 865-981-1004
  • Subdivision Name: McMahan Add
  • Location Tax and Legal Parcel Number2: 095I B 016.00
  • Location Tax and Legal Tax Lot2: 12,13 & 17
  • Location Tax and Legal:Tax Annual Amount: 735.0
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Lot Size Acres: 11.88
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Development Status Site Plan Approved: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: Tracts 123
  • Possible Use: Development, Investment, Multi-Family, Single Family, Subdivision

Exterior Features

  • Acres: 11.88

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Development Status: Site Plan Approved, See Remarks
  • Lot Size Sq Ft: 517492.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 095I B 016.00

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 735.0
  • Tax Lot: 12,13 & 17

Multi Family

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 Sold $875,000 -12.4% --
08/16/2025 08/16/25 Pending -- -- --
07/28/2025 07/28/25 Price Changed $999,000 -7.1% --
07/17/2025 07/17/25 Price Changed $1,075,000 -2.2% --
06/20/2025 06/20/25 Price Changed $1,099,000 -2.3% --
05/01/2025 05/01/25 Price Changed $1,125,000 -2.2% --
03/31/2025 03/31/25 Price Changed $1,150,000 -2.1% --
03/08/2025 03/08/25 For Sale $1,175,000 0.0% --
03/01/2025 03/01/25 Pending -- -- --
01/30/2025 01/30/25 Price Changed $1,175,000 -2.0% --
12/09/2024 12/09/24 Price Changed $1,199,000 -4.1% --
11/12/2024 11/12/24 For Sale $1,250,000 +42.9% --
11/01/2024 11/01/24 Off Market $875,000 -- --
10/25/2024 10/25/24 Price Changed $1,250,000 -3.8% --
09/06/2024 09/06/24 For Sale $1,300,000 -- --
Source: Great Smoky Mountains Association of REALTORS®

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 302862

Great Smoky Mountains Association of REALTORS®
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