Pigeon Forge Homes under $500,000

Welcome to Pigeon Forge, Tennessee – a charming mountain town nestled in the heart of the Smoky Mountains, where adventure meets serenity! Known for its stunning natural beauty and vibrant attractions, Pigeon Forge is the perfect destination for families, retirees, and anyone looking to embrace the great outdoors while enjoying a welcoming community atmosphere.

With a rich tapestry of entertainment options, from the thrilling Dollywood amusement park to the scenic beauty of the Great Smoky Mountains National Park, Pigeon Forge offers something for everyone. Stroll along the Parkway to discover unique shops, delicious dining options, and live music venues that bring the town to life. Whether you’re seeking a cozy cabin retreat or a modern family home, Pigeon Forge has it all.

For those on the hunt for affordable housing, the market in Pigeon Forge is particularly enticing, with numerous homes available for under $500,000. These properties often boast stunning mountain views, spacious layouts, and easy access to local amenities. Imagine waking up to the crisp mountain air, enjoying your morning coffee on a charming porch, or hosting friends and family in your very own slice of paradise.

Investing in a home in Pigeon Forge means not just finding a place to live, but becoming part of a community that celebrates the beauty of nature and the joy of togetherness. With its affordable real estate options and an abundance of recreational activities, Pigeon Forge is the ideal place to call home. Don’t miss your chance to be part of this enchanting region!

Newest Pigeon Forge Homes under $500,000

$429,000

1 Beds ⋅ 1 Baths ⋅ 314014 MLS ⋅ ACTIVE Status

STR INVESTMENT OPPORTUNITY in a GREAT LOCATION - ~5mi from Main Parkway in Pigeon Forge, 6mi to Island in Pigeon Forge and less than 25 min to Dollywood. This charming chalet is in the heart of the Smoky Mountains--just minutes from all the attractions of downtown Pigeon Forge. Set up to comfortably sleep 5 guests, the cabin features KING SIZE BEDROOM on main floor and OPEN LOFT upstairs with BUNK BEDS and GAMES - pool table that flips to air hockey table and arcade cocktail table. Guests love the soaring cathedral ceilings, beautiful stone fireplace, and the seamless open-concept layout connecting the kitchen and living areas. Highlights that drive bookings and 9.6 Exceptional rating on VRBO * Sleeping accommodations for 5 with king size bed + 1 bunk bed + queen sleeper sofa * Bathroom on main level with full size washer and dryer* Deck with hot tub and sitting area,* FIREPIT AREA, * Charcoal grill, *Community fishing pond located within 5 minutes walking distance from cabin,* Wifi internet.

3163 Sourwood Way, Sevierville

$400,000

3 Beds ⋅ 2 Baths ⋅ 314006 MLS ⋅ ACTIVE Status

Seclusion and space define this hard to find two-acre one level property featuring three bedrooms and two full bathrooms. This immaculately kept home comes furnished and is located in Pigeon Forge. Minutes from the Parkway and all the attractions yet set apart to provide the ultimate Smoky Mountain retreat. Enjoy the hot tub on the private deck or relax by the indoor fireplace. This property is ideal as a primary residence, second home, or investment property.

1533 Honey Bee Cove Way, Pigeon Forge

$449,000

3 Beds ⋅ 2 Baths ⋅ 313977 MLS ⋅ ACTIVE Status

END-UNIT WITH EXTRA WINDOWS | 2 KING BEDROOMS + QUEEN BEDROOM | MOUNTAIN & DOLLYWOOD FIREWORK VIEWS | STRONG RENTAL HISTORY A rare opportunity to own a highly desirable end-unit vacation property featuring two King Bedrooms plus a Queen bedroom, beautiful mountain and wooded views, and views of the Dollywood fireworks right from the property. With 350+ guest reviews and a strong established rental history, this property is ideally suited for a vacation home, second home, or short-term rental investment. The inviting interior features a warm stacked-stone fireplace, ceiling fans, and a convenient side-by-side refrigerator. Offering comfortable accommodations and a end-unit location offers an added sense of privacy and security. Guests can enjoy an impressive resort-style amenity package, including: Heated indoor and outdoor swimming pools Hot tub Walking path Gazebos with swings Playgrounds Volleyball court Basketball court Community grills Picnic tables Cable and Wi-Fi Included. HOA includes trash, cable, Wi-Fi, water, sewer, landscaping and all exterior building maintenance, multiple pools, volleyball, basketball court, playgrounds, grills & picnic tables. The location is hard to beat. The property offers Trolley Pickup and is approximately 2 miles from the LeConte Convention Center, The Island, and Ripken Experience and approximately 4 miles from Dollywood. Ideally keeping guests close to many of the area's most popular attractions while still offering a relaxing mountain getaway. With its desirable end-unit location, mountain and fireworks views, extensive resort amenities, convenient location, and proven rental performance, this property offers a compelling opportunity for both personal enjoyment and investment potential. Rental Income: 2025: Approximately $46,000 2024: Approximately $47,000 350+ guest reviews

124 Plaza Drive, Pigeon Forge

$419,000

2 Beds ⋅ 2 Baths ⋅ 313976 MLS ⋅ ACTIVE Status

RARE 2-KING MASTER SUITE | STRONG RENTAL HISTORY | MOUNTAIN & DOLLYWOOD FIREWORK VIEWS A rare opportunity to own a highly desirable 2 King Master Suite property with 450+ guest reviews and an impressive rental history. This property generated approximately $46,000 in rental income in 2025 and $51,000 in 2024, making it an excellent option for a vacation home, full-time residence, or short-term rental investment. Enjoy beautiful mountain and wooded views, along with views of the Dollywood fireworks from the property. Inside, you'll find a warm and inviting stacked-stone fireplace, ceiling fans, and a convenient side-by-side refrigerator. The two King Master Suites provide comfortable accommodations for guests and families. The resort-style community offers an outstanding collection of amenities, including: Heated indoor and outdoor swimming pools Hot tub Walking path Gazebos with Swings Playgrounds Volleyball court Basketball court Community grills Picnic tables Cable and Wi-Fi The $300/month HOA fee includes trash, cable, Wi-Fi, water, sewer, indoor and outdoor pools, volleyball, basketball, playgrounds, grills, picnic tables, and walking path. Location is another major advantage. The property is approximately 2 miles from the LeConte Convention Center, The Island, and Ripken Experience, and only 4 miles from Dollywood, putting guests close to some of the area's most popular attractions. Whether you're looking for a personal mountain getaway, a full-time home, or a proven short-term rental opportunity, this property offers an exceptional combination of location, amenities, views, and rental history. Rental Income: 2025: $46,000 2024: $51,000

124 Plaza Drive, Pigeon Forge

$429,900

2 Beds ⋅ 2 Baths ⋅ 313906 MLS ⋅ ACTIVE Status

Beautifully maintained CORNER-UNIT CONDO with TWO KING BEDROOMS and a WRAPAROUND COVERED BALCONY showcasing expansive views of MOUNT LE CONTE, BLUFF MOUNTAIN, and the surrounding Smokies. Enjoyed as both a personal mountain retreat and an income-producing rental, this TURNKEY property is ideal for an investment, second home, or combination of both. The open-concept floor plan features a fully equipped kitchen with GRANITE COUNTERTOPS flowing into a warm and inviting living area with a STONE FIREPLACE, dedicated desk space, and LVP FLOORING. Sliding glass doors open to the spacious WRAPAROUND BALCONY, where guests can relax and enjoy incredible mountain views from multiple vantage points. The spacious primary suite includes an impressive bathroom with a TILE WALK-IN SHOWER, SOAKING TUB, DOUBLE VANITY, and TILE FLOORING. Additional conveniences include a LARGE OWNER'S CLOSET and a separate laundry closet. Resort amenities include INDOOR AND OUTDOOR POOLS, HOT TUB, FITNESS CENTER, and GAME ROOM, further enhancing guest appeal. Located in the HEART OF PIGEON FORGE--approximately 7 minutes from The Island, 15 minutes from Dollywood, and less than 20 minutes from Great Smoky Mountains National Park- this property combines a desirable CORNER LOCATION, PANORAMIC MOUNTAIN VIEWS, TWO KING BEDROOMS, and RESORT AMENITIES for an exceptional Smoky Mountain getaway with strong short-term rental potential. HOA fees cover exterior maintenance, indoor and outdoor pools, hot tub, water, sewer, Wi-Fi/cable, and common-area insurance for convenient, low-maintenance ownership. UPDATES INCLUDE: NEW LVP FLOORING THROUGHOUT (2021), NEW WATER HEATER (2022), ENTIRE BALCONY PAINTED (2024), NEW WASHER/DRYER UNIT (2025), AND NEW TOILET IN THE PRIMARY BATHROOM (2026). *Drone photography was used.

410 Big Bear Way, Pigeon Forge

$374,900

2 Beds ⋅ 2 Baths ⋅ 313905 MLS ⋅ ACTIVE Status

Priced below appraised value, 322 Creekwalk offers an outstanding opportunity to own a Smoky Mountain property with strong rental potential. This 2-bedroom, 2-bath home features nearly 1,200 square feet and is ideally suited as an overnight rental investment, vacation home, or private mountain retreat. With projected annual rental income of $35,000 to $48,000, it delivers compelling investment appeal in one of the region's most desirable destinations. Owners and guests can enjoy the community pool, while the convenient location places you near the attractions, dining, shopping, and entertainment of both Pigeon Forge and Gatlinburg. Combining location, versatility, and value, this property is ready to make the most of the Smokies!

322 Creekwalk Boulevard, Pigeon Forge

$399,999

2 Beds ⋅ 2 Baths ⋅ 313896 MLS ⋅ ACTIVE Status

Year-round river views, recent renovations, and a history of strong rental performance make this condo at Cedar Lodge on the River an outstanding opportunity! This 2-bedroom, 2-bath residence offers 1,020 square feet overlooking the Little Pigeon River--all within a five-minute walk of the Pigeon Forge Parkway and a 15-minute drive (or less) to downtown Gatlinburg! Recent updates include two newly renovated bathrooms, new flooring, and new furniture, creating a fresh, inviting space for owners and guests. The riverfront community features beautiful views of the Smokies, a community pool and hot tub, and access to the Little Pigeon River. Spend the day exploring nearby attractions, dining, and shopping, then return to relax and enjoy the river views in every season. Owners have the flexibility to choose their own property manager or self-manage, with no requirement to use a designated management company. Owners who self-manage retain full access to all community amenities, offering added flexibility in how they operate and enjoy their property. The community has also completed significant improvements within the past two years, including a new roof, exterior repainting, and a new elevator, giving buyers the benefit of these major projects already being completed. There are no pending or approved special assessments. With strong rental performance over multiple consecutive years, Unit 604 combines an established rental history, refreshed interiors, and management flexibility in a convenient riverfront setting. The sellers also own Units 703 and 704. Contact the listing agent for additional information or to arrange a viewing of those units as well. Add this fantastic low maintence and unbeatable location Condo as the next unit in your rental portfolio!

3919 S River Road, Pigeon Forge

$450,000

2 Beds ⋅ 2 Baths ⋅ 313845 MLS ⋅ ACTIVE Status

Such a cute cabin in a great Pigeon Forge location! Tucked back in the woods, it feels private and secluded but you're still right in the middle of everything. The cabin has two levels, and each level has its own studio-style bedroom, full bathroom, and living/hangout space. It's a really unique setup that gives you a lot of options. Use the whole cabin together, or the separate spaces could work well for short-term, mid-term, or long-term rental options. You get the peaceful wooded setting people come to the Smokies for without having to give up the convenience of being close to restaurants, attractions, shopping, and everything Pigeon Forge has to offer. Offered at $450,000, this one is a great option for someone looking for a Pigeon Forge getaway or an investment property with a little more flexibility than your typical cabin.

704 Forest Drive, Pigeon Forge

$381,000

2 Beds ⋅ 2 Baths ⋅ 313822 MLS ⋅ ACTIVE Status

This new construction, zero-maintenance, 2-bedroom Waterside Gardens condominium is just waiting for your interior selections! Featuring your choice of granite kitchen tops, soft-close cabinets, LVP flooring, living room and bedroom ceiling fans, stainless appliances, cathedral ceilings, elevated toilets and wide 36'' doors, this roomy condo sits on a perimeter row, with a covered front porch and private back patio. A peaceful community that allows no overnight rentals, Waterside Gardens is located in the heart of Pigeon Forge on 47 serene acres along the Little Pigeon River, and minutes from the wonders Dollywood, Gatlinburg and the Smoky Mountains. Enjoy easy living while the HOA takes care of exteriors, lawns and landscaping. There is a community pool set to be open soon, and 20 acres of green space with a walking trail and picnic tables for residents and their pets to enjoy. Waterside Gardens is being developed and constructed by the same team that built Riverbend Gardens and Creekside Gardens in Sevierville.

626 Snowflower Circle, Pigeon Forge

$299,900

2 Beds ⋅ 2 Baths ⋅ 313817 MLS ⋅ ACTIVE Status

Fully renovated and income-producing, this turnkey Pigeon Forge condo is the ideal blend of location, comfort, and investment potential. Just steps from the Parkway yet tucked away in a private, peaceful setting, this property gives guests easy access to all the top attractions while offering a quiet retreat. Perfect for your own secondary vacation home, overnight rental or even a primary residence. Inside, you'll find a completely updated kitchen with custom countertops, new appliances, sink, and plumbing, along with fresh paint, modern light fixtures, new window treatments, and a brand new water heater and HVAC. Both bathrooms have been fully updated. The layout includes two full-size bedrooms that have been expanded from their original size and a dedicated laundry room with full-size washer and dryer. This condo comes fully furnished with a Pottery Barn sofa sleeper, fresh and trendy king bed and solid wood queen bed--designed to maximize comfort and occupancy. Decorated with a clean, modern mountain vibe, the space appeals to today's travelers while still maintaining local charm. Located just minutes from Dollywood, The Island, top restaurants, shopping, and a short drive to the Gatlinburg entrance of the Great Smoky Mountains National Park, this property is perfect as a high-performing short-term rental, vacation getaway, or full-time residence in East Tennessee.

2806 Suncrest Road, Pigeon Forge

$429,000

2 Beds ⋅ 2 Baths ⋅ 313800 MLS ⋅ ACTIVE Status

Welcome to ''A View to Remember'' located in the beautiful Big Bear Lodge & Resort in the heart of Pigeon Forge. Visitors to the area love this complex due to its prime location less than a mile of the main parkway in Pigeon Forge. The resort boasts a beautiful outdoor pool for lounging in the sun during the warmer seasons, as well as an indoor pool for the cooler months. Additional resort amenities include elevator access, a recreation room with foosball and air hockey, hot tub, and a fitness center. The unit itself has been well cared for by its owners, and features a modern kitchen, in unit laundry closet, two full bedrooms including a spacious master, two full and modern bathrooms, a fireplace, and a covered balcony with seating to enjoy the spectacular mountain views and sunsets. The condo is a stone's throw away from popular area attractions like restaurants, dinner shows, Dollywood, and the National Park. This unit offers a lot of flexibility as it can be a primary residence, a second home, an overnight rental, or a combination of any of these depending on owner preference. This property needs to be seen in person to truly appreciate everything it has to offer when compared to other properties in the area. It should be at the top of the list for those that are looking for a low maintenance and fully turnkey property in a prime location in the Smoky Mountains. For additional photos, floor plans, a 3D tour, and video of the property please go this site: https://property.knoxview.com/order/effb65fa-44b9-495b-3566-08df053aa52a?version=33_152&branding=false

410 Big Bear Way, Pigeon Forge

$245,000

2 Beds ⋅ 2 Baths ⋅ 313781 MLS ⋅ ACTIVE Status

Ready To Move In, Pigeon Forge - Brookfield Condos, Unit 20! Schedule a showing to view this delightful 2BD, 2BA townhouse that delivers comfort & convenience in an unbeatable location, making the townhome an ideal permanent residence, vacation getaway, or rental investment. Some welcoming updates include freshly painted walls, a brand-new microwave range hood, carpet for the living room & stairs has been completely replaced and enjoy the peace of mind having a newly installed HVAC system. The kitchen features generous cabinet space and is equipped with matching appliances. This property puts you minutes away from shopping, dining, entertainment, and all Pigeon Forge/Sevier County has to offer. Call today!

625 S Asbury Drive, Pigeon Forge

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