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.
For sale
$506,900
1196 Iris Way, Cosby, TN 37722
4beds
2,688sqft
Single Family Residence
Built in 1998
3 Acres Lot
$-- Zestimate®
$189/sqft
$-- HOA
What's special
Sweeping mountain viewsCozy furnishingsSurrounded by towering hardwoodsFully renovated interiorSerene forest viewsAbundant natural lightExpansive deck
- 277 days |
- 362 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Tony Busse 865-250-4094,
The Real Estate Firm, Inc. 865-770-4030
Source: East Tennessee Realtors,MLS#: 1317058
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bonus Room
Heating
- Forced Air, Heat Pump, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
Features
- Walk-In Closet(s), Cathedral Ceiling(s), Breakfast Bar, Eat-in Kitchen, Bonus Room
- Flooring: Hardwood, Tile
- Windows: Insulated Windows, Aluminum Frames
- Basement: Walk-Out Access,Finished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,688
- Total interior livable area: 2,688 sqft
Property
Parking
- Parking features: None
Features
- Exterior features: Prof Landscaped
- Has view: Yes
- View description: Mountain(s), Country Setting, Trees/Woods
Lot
- Size: 3 Acres
- Features: Wooded, Irregular Lot
Details
- Additional structures: Barn(s)
- Parcel number: 055 034.01
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Traditional
- Property subtype: Single Family Residence
Materials
- Wood Siding, Block, Frame
Condition
- Year built: 1998
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Cosby
Financial & listing details
- Price per square foot: $189/sqft
- Tax assessed value: $167,100
- Annual tax amount: $989
- Date on market: 9/30/2025
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Price change | $506,900-0.2%$189/sqft |
Source:  East Tennessee Realtors #1317058 Report a problem | ||
| 1/5/2026 | Price change | $507,900-0.4%$189/sqft |
Source: East Tennessee Realtors #1317058 Report a problem | ||
| 12/1/2025 | Price change | $510,000-7.3%$190/sqft |
Source: East Tennessee Realtors #1317058 Report a problem | ||
| 9/30/2025 | Listed for sale | $550,000+1.9%$205/sqft |
Source: East Tennessee Realtors #1317058 Report a problem | ||
| 2/21/2025 | Listing removed | $540,000$201/sqft |
Source: East Tennessee Realtors #1253289 Report a problem | ||
| 1/19/2025 | Listed for sale | $540,000$201/sqft |
Source: East Tennessee Realtors #1253289 Report a problem | ||
| 8/29/2024 | Listing removed | -- |
Source: East Tennessee Realtors #1253289 Report a problem | ||
| 6/10/2024 | Listed for sale | $540,000$201/sqft |
Source: East Tennessee Realtors #1253289 Report a problem | ||
| 5/10/2024 | Listing removed | -- |
Source: East Tennessee Realtors #1253289 Report a problem | ||
| 3/8/2024 | Price change | $540,000-1.8%$201/sqft |
Source: East Tennessee Realtors #1253289 Report a problem | ||
| 2/20/2024 | Listed for sale | $550,000+787.1%$205/sqft |
Source: East Tennessee Realtors #1253289 Report a problem | ||
| 9/29/2017 | Sold | $62,000+3.5%$23/sqft |
Source: TVRMLS #394988 Report a problem | ||
| 8/24/2017 | Pending sale | $59,900$22/sqft |
Source: REALTY EXECUTIVES EAST TN REALTORS #574410 Report a problem | ||
| 7/28/2017 | Listed for sale | $59,900-27%$22/sqft |
Source: Realty Executives East Tennessee Realtors #394988 Report a problem | ||
| 12/16/2016 | Sold | $82,056$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $989 | $66,840 |
| 2024 | $989 +60% | $66,840 +60% |
| 2023 | $618 | $41,775 |
| 2022 | $618 | $41,775 |
| 2021 | -- | $41,775 +22.1% |
| 2020 | $636 | $34,200 |
| 2019 | $636 | $34,200 |
| 2018 | $636 +0% | $34,200 |
| 2017 | $636 | $34,200 |
| 2016 | $636 | $34,200 -2.4% |
| 2015 | -- | $35,050 0% |
| 2014 | $571 | $35,053 |
| 2013 | $571 | $35,053 |
| 2012 | $571 | $35,053 |
| 2011 | $571 | $35,053 |
| 2010 | -- | $35,053 -0.8% |
| 2009 | $544 | $35,336 |
| 2008 | $544 | $35,336 |
| 2007 | $544 +14.9% | $35,336 |
| 2006 | $474 -19.3% | $35,336 |
| 2005 | $587 +31.9% | $35,336 +31.9% |
| 2004 | $445 +14.5% | $26,791 |
| 2002 | $388 | $26,791 |
| 2001 | -- | $26,791 -75% |
| 2000 | -- | $107,165 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37722
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 6/10Jones Cove Elementary SchoolGrades: PK-6Distance: 2.7 mi
- 4/10Pigeon Forge Middle SchoolGrades: 7-9Distance: 16.7 mi
- 8/10Gatlinburg Pittman High SchoolGrades: 10-12Distance: 12.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Sevier County
- Cosby
- 37722
- 1196 Iris Way
Nearby cities
Nearby zip codes
Other Cosby Topics
