Residential Land with Home for Sale in Cosby, Tennessee

COUNT THE ROOMS! Tucked away in the heart of Cosby with breathtaking mountain charm, 557 High Country Way is a rare, multi-structure property offering flexibility, income potential, and room to grow. Whether you're looking for a private mountain retreat, a multi-generational setup, or a short-term rental opportunity, this property delivers. The main residence welcomes you with warm character and thoughtful design, featuring an additional loft perfect for a sleeping area, office, or creative space, along with abundant storage throughout-a true luxury in mountain living. Attached to the main home is a fully equipped mother-in-law suite, complete with its own full kitchen and washer/dryer hookups, ideal for extended family, guests, or private rental use. A short walk down the property leads you to the impressive barn, where functionality meets opportunity. The first level offers a spacious workshop area, perfect for hobbies, equipment, or projects. Upstairs, the second level is fully set up as a short-term rental, featuring 2 bedrooms, 2 bathrooms, a full kitchen, living room, and dining area-a turnkey income-producing space with endless potential! Rounding out the property is a tiny home with the exterior shell and flooring already completed, providing a blank canvas to finish exactly how you envision-additional rental income, a guest house, or a private studio. Surrounded by the beauty of East Tennessee and just minutes from the Smokies, this one-of-a-kind property offers multiple living spaces, income streams, and expansion opportunities all in one serene setting. Properties with this level of versatility and potential are exceptionally rare-don't miss your chance to own a true High Country gem.