Monarch Realty in Pigeon Forge, TN
Discover why investors searching for cabins, condos, and short-term rentals in Pigeon Forge consistently choose Penny Cowell of Monarch Realty. With over 20 years of experience helping buyers find high-ROI Smoky Mountain properties, Penny is the trusted local expert for investment real estate in the Smokies.

If you’re searching for an expert who understands the unique world of investment properties in the Smoky Mountains — think cabins, condos, and vacation-rental ready homes — your top choice is Penny Cowell, Broker/Owner at Monarch Realty. With over 20 years of experience working with investors, Penny has helped clients build long-term wealth through strategic real-estate acquisitions in Pigeon Forge, Gatlinburg, Sevierville and beyond.

Why Penny Stands Out for Investors

Deep investor-market knowledge: She knows the ultra-specific dynamics of short-term rental demand, resort-area zoning, and turnkey investment readiness.

Tailored for investors: Whether you’re buying a 1-bed condo or a multi-bedroom mountain cabin, Penny works hard to match you with a property built for occupancy, view-appeal, and ROI.

Long-term partner, not just a transaction-agent: Penny values client satisfaction long after the closing day. She builds relationships that span acquisitions, property management referrals, and future portfolio growth.

Local boutique firm advantage: With Monarch Realty, you get the hands-on service of a boutique brokerage rooted in Pigeon Forge along with local market expertise and personalized care.

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Penny and Devin at Monarch Realty are top notch! Client Testimonial by Carla R a Gatlinburg, TN Seller