Turnkey Smoky Mountains Investment Opportunity - Single-Family Home with Mountain Views. Discover a well-maintained, income-producing single-family home in East Tennessee, ideally located near medical facilities, shopping, and dining—an excellent option for both investors and owner-occupants. This 3-bedroom, 4-bath residence offers 2,569 square feet, a two-car garage, and sits on 1.15 acres, providing strong rental potential and long-term value. The property features mountain views from both the front and rear, a partially fenced yard, and a peaceful setting attractive to both long-term tenants and short-term rental guests. Recent capital improvements include a new roof and new deck, minimizing near-term maintenance costs and enhancing overall asset quality. The open frontage land also offers potential for future expansion or development (subject to zoning regulations). For investors, the adjacent income-producing tri-plex is also available and can be purchased as part of a package sale, creating a rare opportunity to acquire multiple cash-flowing properties in one transaction. Whether you're building a rental portfolio, entering the Smoky Mountains short-term rental market, or living on-site while generating income from neighboring rentals, this property delivers flexibility, location. Conveniently located approximately 53 minutes to Knoxville, 48 minutes to Pigeon Forge and Gatlinburg, and 45 minutes to Hot Springs, NC.
For sale
$388,800
2480 Elk Way, Newport, TN 37821
3beds
2,569sqft
Est.:
Single Family Residence, Residential
Built in 1984
1.15 Acres Lot
$372,900 Zestimate®
$151/sqft
$-- HOA
What's special
Peaceful settingPartially fenced yardTwo-car garageNew roofNew deck
- 65 days |
- 372 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: January 28, 2026 at 09:21am
Listed by:
Donald Fabrikant 423-237-1046,
Country Living Realty 423-430-9012
Source: Lakeway Area AOR,MLS#: 710240
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 1
Heating
- Heat Pump
Cooling
- Ceiling Fan(s), Heat Pump
Appliances
- Included: Dishwasher, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Refrigerator, Washer
- Laundry: In Garage, Main Level
Features
- Eat-in Kitchen, Ceiling Fan(s), Double Vanity, High Ceilings, Open Floorplan, Master Downstairs
- Flooring: Carpet, Tile
- Windows: Bay Window(s), Double Pane Windows, Tilt Windows, Vinyl Frames
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total interior livable area: 2,569 sqft
- Finished area above ground: 2,569
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Asphalt
- Attached garage spaces: 2
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Rear Porch, Side Porch
- Exterior features: Rain Gutters
- Pool features: None
- Fencing: Chain Link
- Has view: Yes
Lot
- Size: 1.15 Acres
- Dimensions: 232 x 216 x 174 x 275
- Features: Cleared, Gentle Sloping, Irregular Lot, Level, Open Lot, Views
Details
- Additional structures: None
- Parcel number: 083 03905 000 083 03908
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1984
- Major remodel year: 2005
Utilities & green energy
- Electric: 220 Volts in Laundry
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $316,600
- Annual tax amount: $1,245
- Date on market: 1/26/2026
- Inclusions: Refrigerator, Range, Cooktop, Dishwasher
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
$372,900
$354,000 - $392,000
$2,605/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2026 | Listed for sale | $388,800+6.5%$151/sqft |
Source:  Lakeway Area AOR #710240 Report a problem | ||
| 7/2/2025 | Listing removed | $364,999$142/sqft |
Source: TVRMLS #9980434 Report a problem | ||
| 5/12/2025 | Listed for sale | $364,999-5.2%$142/sqft |
Source: My State MLS #11494824 Report a problem | ||
| 4/30/2025 | Listing removed | $385,000$150/sqft |
Source: TVRMLS #9975694 Report a problem | ||
| 2/4/2025 | Listed for sale | $385,000-34.7%$150/sqft |
Source: TVRMLS #9975694 Report a problem | ||
| 6/1/2023 | Sold | $590,000$230/sqft |
Source: Lakeway Area AOR #612093 Report a problem | ||
| 4/26/2023 | Pending sale | $590,000$230/sqft |
Source: Lakeway Area AOR #612093 Report a problem | ||
| 4/24/2023 | Listed for sale | $590,000+1.7%$230/sqft |
Source: Lakeway Area AOR #612093 Report a problem | ||
| 9/8/2022 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 7/26/2022 | Listed for sale | $579,900$226/sqft |
Source: Lakeway Area AOR #606551 Report a problem | ||
| 7/19/2022 | Pending sale | $579,900$226/sqft |
Source:  East Tennessee Realtors #1188213 Report a problem | ||
| 7/19/2022 | Contingent | $579,900$226/sqft |
Source: Lakeway Area AOR #606551 Report a problem | ||
| 4/20/2022 | Listed for sale | $579,900-14.1%$226/sqft |
Source: Lakeway Area AOR #606551 Report a problem | ||
| 10/17/2020 | Listing removed | $675,000$263/sqft |
Source: Keller Williams Realty Knoxville-West #1091843 Report a problem | ||
| 6/10/2020 | Price change | $675,000-3.4%$263/sqft |
Source: Keller Williams Realty Knoxville-West #1091843 Report a problem | ||
| 9/6/2019 | Listed for sale | $699,000+51.6%$272/sqft |
Source: KELLER WILLIAMS F/HV #585452 Report a problem | ||
| 5/21/2012 | Listing removed | $461,100$179/sqft |
Source: THE FERGUSON REALTY CO. #171599 Report a problem | ||
| 12/15/2011 | Price change | $461,100-34.1%$179/sqft |
Source: The Ferguson Realty Company #764198 Report a problem | ||
| 6/23/2011 | Listed for sale | $699,900$272/sqft |
Source: The Ferguson Realty Company #764175 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,187 +51% | $79,150 +157.8% |
| 2024 | $786 -2.8% | $30,700 -2.8% |
| 2023 | $808 -0.2% | $31,575 |
| 2022 | $810 | $31,575 |
| 2021 | $810 +0.2% | $31,575 +0.2% |
| 2020 | $809 +36.4% | $31,525 +50.5% |
| 2019 | $593 | $20,950 |
| 2018 | $593 0% | $20,950 |
| 2017 | $593 -2.5% | $20,950 |
| 2016 | $608 +6.3% | $20,950 |
| 2015 | $572 | $20,950 |
| 2014 | $572 | $20,950 -12.1% |
| 2013 | $572 +17.1% | $23,825 |
| 2011 | $488 | $23,825 |
| 2010 | $488 | $23,825 |
| 2009 | -- | $23,825 +13% |
| 2008 | $523 +4.2% | $21,086 +4.2% |
| 2007 | $502 | $20,235 |
| 2006 | $502 | $20,235 |
| 2005 | $502 -21.5% | $20,235 |
| 2004 | $639 -3.1% | $20,235 -3.1% |
| 2002 | $660 | $20,874 |
| 2001 | -- | $20,874 -75% |
| 2000 | -- | $83,495 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,122/mo
Principal & interest
$1915
Property taxes
$207
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Climate risks
Neighborhood: 37821
Nearby schools
GreatSchools rating
- 6/10Cosby Elementary SchoolGrades: K-8Distance: 3.4 mi
- 3/10Cosby High SchoolGrades: 9-12Distance: 3.4 mi
- NACocke Co Adult High SchoolGrades: 9-12Distance: 5.2 mi
Local experts in 37821
- Tennessee
- Cocke County
- Newport
- 37821
- 2480 Elk Way
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