This 77.52(+-) acre land development tract is strategically located in the heart of Pigeon Forge, at the corner of Teaster Lane and the new extension of Jake Thomas Blvd. It has over 3,100 front feet of road frontage on a robust tourist-related development corridor, directly across the street from The Cal Ripkin Baseball Experience Facility and The LeConte Convention Center. The property is just around the corner from main strip on Pigeon Forge and Dollywood, the Most Visited Attraction in the State of Tennessee, Dolly's Splash Country and Dream More Resort. The new Jake Thomas Road extension from downtown Pigeon Forge to Veterans Blvd will be the new growth hub for many years to come. City of Pigeon Forge peaked at $2.265 Billion in revenues in 2023. The city has 1,350 new hotel rooms coming online in 2024. While the city is celebrating the growth in tourism, they're also looking at ways to continue the growth, and this property is PRIMO for that growth. This site does have it all, and it checks all the boxes for a primer multifamily/entertainment/resort development site.
Property Details
Property Features
Listing Office:
Office Name: Billy Houston Group, Realty Executives
Office Phone: (865) 577-7653
Exterior Features
Exterior Information:
Waterfront: Other
View: Mountain(s)
Lot Features
Lot Information:
Lot: Rolling/Hilly, Wooded, Irregular Lot, Other
Lot Size: 77.52 Acres
Other
Directions Information:
Directions: Property borders the new Jake Thomas Road and Teaster Lane which runs over to Veterans Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $40,000,000
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Housing Market Comparison
See how this home compares to others in Pigeon Forge, TN.
This property is $39.4M more than the Median Sold Price in Pigeon Forge, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1265126
Listing Office:
Office Name: Billy Houston Group, Realty Executives
Office Phone: (865) 577-7653
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Pigeon Forge Primary School
1766 Waldens Creek Rd
Distance between this listing and this school4.51 miles
Public District Grades PK-3
2
/10
Sevierville Intermediate School
416 High St
Distance between this listing and this school5.12 miles
Public District Grades 3-5
5
/10
Catons Chapel Elementary School
3135 Catons Chapel Rd
Distance between this listing and this school5.41 miles
Public District Grades PK-6
Nearby Schools
4
/10
Pigeon Forge Junior High School
300 Wears Valley Rd
Distance between this listing and this school2.20 miles
Public District Grades 7-9
3
/10
Sevierville Middle School
520 High St
Distance between this listing and this school5.04 miles
Public District Grades 6-8
5
/10
Wearwood Elementary School
3150 Wearwood Dr
Distance between this listing and this school6.93 miles
Public District Grades KG-8
Nearby Schools
5
/10
Pigeon Forge High School
414 Tiger Dr
Distance between this listing and this school2.34 miles
Public District Grades 10-12
5
/10
Sevier County High School
1200 Dolly Parton Pkwy
Distance between this listing and this school5.44 miles
Public District Grades 9-12
7
/10
Gatlinburg Pittman High School
150 Proffitt Rd
Distance between this listing and this school6.83 miles
The neighbors living near this home have an average income of $30,500. Residents of Pigeon Forge, TN typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About Teaster Ln
What is the listing price of this property?
The listing price of Teaster Ln property is $40,000,000.
What type of property is this?
The property Teaster Ln is land located in Pigeon Forge, Tennessee, 37863.
Is this property for sale now?
Active Listing: Teaster Ln is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on July 21, 2021 for $650,000. (source: MLS/tax record).
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This home is located at Teaster Ln in Pigeon Forge, TN and zip code 37863. This home sits on a 77.52 acre lot. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $40,000,000.
Pigeon Forge, TN housing market in October 2024 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 9 sold below. The number of homes for sale in Pigeon Forge, TN increased by 4.8% between September 2024 and October 2024. Listings spent 74 days on the market in October 2024, and had a median list price of $550,009 during the same period.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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