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    Contemporary Townhome Near Dollywood Title is generated by Realmo AI

    2385 Forge Hideaway Loop, Pigeon Forge, TN 37863

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    For Sale
    $599,900

    MULTI_FAMILY - Contemporary - Pigeon Forge, TN

    Property size:
    1,143 SF
    Price / SF:
    $524/SF
    Added:
    Aug 8, 2025
    Days on Market:
    281
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 2385 Forge Hideaway Loop

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    R-2
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Laundry Room, Dining Room, Bathroom 1, Bathroom 2, Basement, Bedroom 1, Bedroom 2, Utility Room
    Parking features
    Open
    Window features
    Double Pane Windows
    Patio and Porch features
    Deck
    Pets allowed
    Yes
    Interior features
    Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Great Room, High Speed Internet, Kitchen Island, Kitchen/Dining Combo, Living/Dining Combo, Solid Surface Counters, Storage, Walk-In Closet(s), Walk-In Shower(s)
    Fireplace
    1
    Basement
    Exterior Entry, Crawl Space, Unfinished
    Appliances
    Dishwasher, Dryer, Electric Cooktop, Electric Range, Refrigerator, Washer
    Standard status
    Active
    APN
    083 169.00
    Size
    1,143 SF

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    122

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Electric, Heat Pump
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Fiber Cement, Frame, Wood Siding
    Roof type
    Composition
    Architectural style
    Contemporary
    Additional Structures
    Storage

    We can help!

    Listing Contact
    The Jason White Team

    Listing agent The Jason White Team

    Listing office Century 21 Legacy GP 3224 East Parkway, TN

    Listing date Aug 8, 2025

    MLS# 307819 Listing URL

    Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Walking distance to Dollywood, trolley stop, and Pigeon Forge Greenway.
    • Projected annual rental income of $67,712.
    • Brand new 2‑bedroom, 2‑bath contemporary mountain townhome (built in 2024).
    • Located in a new resort community minutes from Pigeon Forge attractions.
    • Open concept design with great room, fireplace, and well‑appointed kitchen.
    • Two private bedroom suites, each with its own bathroom.

    Overview

    This new 2-bedroom, 2-bath contemporary mountain townhome offers 1,143 square feet of living space in a wooded setting in Pigeon Forge, Tennessee. The property features an open concept design with a great room and a fireplace, flowing into an open-concept kitchen and dining area. The main level includes a primary suite with a private bath and walk-in shower. The upper level contains a second private bedroom suite. Located in a resort community, the property is near entertainment, shopping, dining, and family attractions. It is also located near The Great Smoky Mountains National Park. The property is walking distance to Dollywood, the trolley stop, and the Pigeon Forge greenway, which provides access to The Island. The property is suitable as a family getaway or a short-term rental investment. The property is zoned R-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pigeon Forge
    County
    Sevier
    State
    Tennessee
    Longitude
    -83.546435
    Latitude
    35.801549

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    FAQs

    What type of property is this?
    Short term rental property - New 2-bedroom, 2-bath townhome in Pigeon Forge, Tennessee.
    Where is this short term rental property located?
    The property is located at 2385 Forge Hideaway Loop Pigeon Forge, TN.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Walking distance to Dollywood, trolley stop, and Pigeon Forge Greenway.; Projected annual rental income of $67,712.; **Brand new 2‑bedroom, 2‑bath contemporary mountain townhome (built in 2024).**
    (877) 678-2121
    We can help!
    Listing Contact
    The Jason White Team
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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