Monarch Realty Penny Cowell

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Monarch Realty Penny Cowell Luxury Homes, Vacation Homes, Land & Real Estate Investments in Great Smoky Mountains East Tn. 865- I enjoying traveling and my life as a Mother and Wife.

Penny Cowell Broker/Owner

Realtor since 2002 and work with buyers, sellers and investors in the Great Smoky Mountains of TN. I am a member of local, Knoxville, State and National board of Realtors. I was born In Knoxville, TN and am a Mountain girl at heart. I am an animal advocate and have a little girl (Chinese Crested Hairless)
named "PINK." I believe Real Estate is a key factor in American economics and family life. Of course it's a great investment and also because there's no place like "Home." Motto: Embracing Change Brilliantly
Hard work always pays off. Call or text me direct on my cell at 865-850-4427. MAKING DREAMS COME TRUE SINCE 2002! Monarch Realty is proud to have experienced and ethical professionals to serve our clients. Monarch agents are trained, informed, ethical and practice integrity with every client and transaction. Penny Cowell Realtor-Principal Broker/Owner CRS, GRI, SRES, e-PRO, ABR, CDPE, RPAC Major Inv. TN REALTORS RPAC Trustee 2021, AHWD, C2EX
President GSMAR 2022
REALTOR of the Year 2021 GSMAR
President Women's Council GSM 2022
NAR Director TN

PENNY COWELL
MONARCH REALTY
2533 Sand Pike Blvd #3
Pigeon Forge, TN 37863
Office: 865-366-6528

Penny's Cell 865-850-4427

NEW LISTING| A mountain escape above it all.Welcome to The Lookout at 2242 Windswept View Way in Sevierville’s Bluff Mou...
11/09/2026

NEW LISTING| A mountain escape above it all.

Welcome to The Lookout at 2242 Windswept View Way in Sevierville’s Bluff Mountain area near Pigeon Forge. Spectacular mountain views, a covered wrap-around porch with a swing, and soaring ceilings with walls of windows make this beautifully maintained cabin something special.

Three sleeping areas, two full baths, a private hot tub, pool table, and NO HOA. Fully furnished with specified exclusions, this solid, well-built cabin offers an inviting full-time home, vacation retreat, or short-term rental opportunity.

Offered at $519,900. Come sit in the swing and take in the view.

Contact Penny and Devin Cowell at Monarch Realty LLC.
865-366-6528 | MonarchRealtyNow.com

SOLD on Jeans Way! Two cabins. One parcel. Just 32 days from active listing to closing, with a financed buyer!Listed Oct...
11/05/2026

SOLD on Jeans Way! Two cabins. One parcel. Just 32 days from active listing to closing, with a financed buyer!

Listed October 1 at $619,000 and closed November 2 for $615,000, these cabins offered an impressive rental history with just over $100,000 in annual gross income.

Pricing it right from the start makes a difference. Pair that with strong marketing and experienced representation, and you’re positioned for results!

Devin and I are grateful to our seller for trusting us and choosing Monarch Realty to list and sell her property. Thank you to everyone involved for helping bring this sale to a smooth, speedy closing!

Thinking about selling your Smoky Mountain property? Let’s talk about a price and strategy that make sense.

This classic 1972 Chalet in Gatlinburg, TN went under contract before we could even get the marketing material completed...
10/19/2026

This classic 1972 Chalet in Gatlinburg, TN went under contract before we could even get the marketing material completed. Seller is considering back up offers. We are moving full speed ahead with the planned marketing and full roll out. No cutting corners. We are looking forward to the future and seeing things come together. Contact Monarch Realty to learn more about this property, other properties that are on the horizon or to list your property. Thank you.

Great Job, Beau! Congratulations to all! Beau Stegall Realtor, Monarch Realty in the Great Smoky Mountains
10/18/2026

Great Job, Beau! Congratulations to all!
Beau Stegall Realtor, Monarch Realty in the Great Smoky Mountains

🏡 BIG CHANGES IN THE SMOKY MOUNTAINS REAL ESTATE MARKET!Are we seeing new opportunities for buyers and investors in Gatl...
10/15/2026

🏡 BIG CHANGES IN THE SMOKY MOUNTAINS REAL ESTATE MARKET!

Are we seeing new opportunities for buyers and investors in Gatlinburg, Pigeon Forge, and Sevierville? The latest numbers certainly give us plenty to talk about!

We're excited to introduce THE D BRIEF, a new monthly real estate market report researched and prepared by Devin Cowell, CRS, Director of Operations at Monarch Realty LLC.

Here's a snapshot of September 2026:

• 226 homes sold, UP 8.1% from last year
• Median sold price: $440,000, DOWN 13.7%
• 1,507 active listings
• 10.64 months of housing supply
• Homes selling at an average of 96.8% of asking price

What does this mean?

Buyers have more choices and potential negotiating power. Sellers need to be realistic about pricing, and investors have some interesting opportunities to explore.

But there's more to the story than statistics!

At Monarch Realty, we're seeing firsthand how changing property values, short-term rental permit considerations, and year-end closing timelines are affecting real transactions.

We've just published our October 2026 market update, combining the numbers with what we're actually experiencing while helping buyers and sellers throughout the Great Smoky Mountains.

READ OUR FULL MARKET UPDATE:
https://monarchrealtynow.com/blog/2026/10/14/smoky-mountains-real-estate-market-october-2026/

WANT THE FULL D BRIEF REPORT?

Comment "D BRIEF" below and we'll be happy to share it with you!

We'd love to hear your thoughts. Are you considering buying, selling, or investing in the Smoky Mountains before the end of the year?

Penny & Devin
Monarch Realty LLC
Pigeon Forge, Tennessee

Sold! 😍 Mountain views, a cleared homesite, and a 4-bedroom septic approval make this 1.64-acre lot ready for your dream...
10/02/2026

Sold! 😍 Mountain views, a cleared homesite, and a 4-bedroom septic approval make this 1.64-acre lot ready for your dream cabin or mountain retreat! Located in desirable Wears Valley's Wilderness Mountain with curbed streets, underground utilities, and no HOA. Survey on File. Just minutes from the Great Smoky Mountains National Park, Pigeon Forge, and Dollywood.

09/25/2026

More Space Without Breaking the Budget. Welcome Home to Madisonville, Tennessee. Discover affordable East Tennessee living at its best with this brand-new home on a permanent foundation in the desirable Mattie Meadows Subdivision in Madisonville, Tennessee. Situated on a generous 1.52-acre level lot, this beautiful 4-bedroom, 2-bath home offers approximately 1,680 square feet of thoughtfully designed living space, making it an outstanding choice for first-time homebuyers, growing families, retirees, or anyone looking for a move-in-ready home with room to grow. Step inside to an open-concept floor plan featuring a spacious living area, modern kitchen, and comfortable bedrooms designed for everyday living. Enjoy outdoor entertaining or peaceful mornings on the front deck, while the two rear decks provide additional outdoor living space overlooking the expansive backyard. The level acreage offers endless possibilities for a future garage, workshop, garden, outdoor entertaining area, or storage building, all without the restrictions of an HOA. Conveniently located just minutes from Walmart Supercenter, grocery stores, schools, restaurants, medical facilities, and everyday shopping, this home combines the peaceful feel of country living with the convenience of nearby amenities. Enjoy beautiful East Tennessee mountain views in the distance while being only a short drive to the recreational opportunities of Tellico Lake, Sweetwater, Athens, and Knoxville. Eligible for FHA, VA, USDA, and THDA financing, this property makes homeownership more attainable for a wide variety of buyers. If you've been searching for a new construction home with acreage, modern finishes, no HOA, and exceptional value, 147 Hill Loop Road deserves a spot at the top of your list.

09/25/2026

Tammie Stanley

Penny and Devin are awesome! They were so helpful and supportive. They made the selling experience go smoothly. I would definitely use them again!

Monarch Realty, LLC
Owner

Tammie, thank you so much for your kind words and five-star review! Devin and I truly enjoyed working with you and Brian to sell your beautiful creekside cabin at 1915 Leatherwood Lane in Sevierville. You were wonderful to work with, and we appreciated the trust you placed in us and Monarch Realty throughout the sale. We’re proud we could help make the experience a smooth one. Congratulations again!

This adorable Gatlinburg Condo is under contract. Yeah! We are looking forward to an expediate closing. 😊
09/18/2026

This adorable Gatlinburg Condo is under contract. Yeah! We are looking forward to an expediate closing. 😊

Address

2533 Sand Pike Boulevard #3
Pigeon Forge, TN
37863

Opening Hours

Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 10am - 6pm
Saturday 10am - 2pm

Telephone

+18658504427

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