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Residential Land with Home for Sale in Cosby, Tennessee

1196 Iris Way, Cosby, TN 37722

$510,000
3 acres
Active
$40k drop
Est $2,550/mo

Investment Opportunity or Private Mountain Retreat - Renovated Cabin on 3 Acres Nestled in the heart of the Smoky Mountains, this beautifully renovated 4-bedroom, 3-bath cabin sits on a private 3-acre parcel, offering a rare blend of rustic charm, modern comfort, and income-generating potential. Surrounded by towering hardwoods and sweeping mountain views, this turn-key property offers the best of both worlds: a tranquil escape from city life and close proximity to top tourist destinations like Dollywood, Pigeon Forge, Gatlinburg, and the Great Smoky Mountains National Park. Property Features: Fully Renovated Interior blending traditional log cabin aesthetics with modern finishes Spacious living area with wood accents, cozy furnishings, and abundant natural light Chef's kitchen with butcherblock countertops, stainless steel appliances, and ample cabinetry Dining area with serene forest views - ideal for family gatherings or quiet meals 4 comfortable bedrooms and 3 full bathrooms to accommodate families or groups Expansive deck perfect for relaxing, entertaining, or stargazing Outdoor Lifestyle at Your Doorstep: Enjoy quick access to hiking, fishing, ziplining, waterfalls, and year-round attractions. Whether it's a peaceful morning coffee on the deck or an adrenaline-packed day of mountain adventures, this location offers something for everyone. Short-Term Rental Potential: With its prime location, updated amenities, and authentic mountain appeal, this property is ideal for vacation rental investors. The Smoky Mountains area consistently ranks among the top-performing short-term rental markets in the U.S., with high occupancy rates and strong seasonal demand. Whether you're looking for a profitable vacation rental or a serene mountain hideaway, this property checks all the boxes. Don't miss your chance to own a piece of Smoky Mountain paradise.

2,688
Sq feet
4
Beds
3
Full baths
1998
Built

Location

Street address
1196 Iris Way
Elevation
1,695 feet
Coordinates
35.8642, -83.2972

Directions

From I-40 heading towards Gatlinburg take exit 435 to Newport TN-32 S for about 4 miles. Take a right onto Bogart. In about 5 miles make a right at Sunset Gap on Iris Way. Driveway os hidden. Head up the driveway and when you see a house with a red tin roof the driveway with be on the left. Heat all the way up until you get to the house.

Property details

Acreage
3 acres
MLS #
KAARMLS 1317058
Posted

Property taxes

Recent
$618

Parcels

  • 055 034.01

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

Features
Irregular Lot, Wooded

Exterior

Pool
Deck, Porch
Features
Prof Landscaped

Structure

Basement
Finished
Water
Well
Sewer
Septic Tank
Heating
Electric, Forced Air, Heat Pump
Cooling
Central Air
Materials
Block, Frame, Wood Siding
Windows
Aluminum Frames

Interior

Room Count
11
Rooms
Basement, Bathroom x 3, Bedroom x 4
Flooring
Hardwood, Tile
Appliances
Dishwasher, Microwave, Range, Refrigerator
Features
Breakfast Bar, Cathedral Ceiling(s), Eat-In Kitchen, Walk-In Closet(s)

Listing history

DateEventPriceChangeSource
Dec 1, 2025Price drop$510,000$40,000 -7.3%KAARMLS
Oct 1, 2025New listing$550,000KAARMLS
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This 3-acre property is located at 1196 Iris Way in Cosby, TN 37722. The property is available for sale for $510,000. It has a 2,688 sq ft 4 bedroom, 3 bath house built in 1998.

Checked 5 mins ago — Updated

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