Cosby Homes under $1 million

**Discover the Charm of Cosby, Tennessee: Your Perfect Home Awaits!**

Nestled in the heart of the Smoky Mountains, Cosby, Tennessee, is a hidden gem that offers a unique blend of natural beauty and small-town charm. This quaint community is surrounded by lush forests, babbling streams, and breathtaking mountain views, making it a paradise for nature lovers and outdoor enthusiasts. Whether you're hiking the trails of the Great Smoky Mountains National Park or enjoying a peaceful afternoon fishing in the nearby rivers, Cosby provides a serene backdrop for a fulfilling lifestyle.

One of the most appealing aspects of Cosby is its affordability in the real estate market. Homes under $1 million are not only available but also offer incredible value. From charming cabins that exude rustic warmth to modern family homes with spacious layouts, there’s something for everyone. Imagine waking up to the sound of chirping birds and the gentle rustle of leaves, all while enjoying the comforts of your own cozy retreat.

Cosby’s friendly community fosters a welcoming atmosphere, where neighbors become friends and local events bring everyone together. With a rich history and a slower pace of life, residents can enjoy a strong sense of belonging while still being just a short drive from the vibrant attractions of Gatlinburg and Pigeon Forge.

If you’re searching for a place that combines affordability, natural beauty, and a tight-knit community, look no further than Cosby, Tennessee. Your dream home is waiting for you in this picturesque town!

Newest Cosby Homes under $1 million

$379,000

3 Beds ⋅ 2 Baths ⋅ 3618632 MLS ⋅ ACTIVE Status

Experience breathtaking panoramic Smoky Mountain views from this beautifully maintained 3-bedroom, 2-bath custom home offering 2269 square feet of living space. Located on 5-acres on English Mountain in unincorporated Cosby, Tn! Ideally situated w/easy paved access at the end of a cul-de-sac. Features paved driveway, privacy, and rare spectacular mountain & valley views! The inviting interior features 2 fireplaces, (one in the living room and another in the family room), creating warm and comfortable gathering spaces. The spacious kitchen offers ample cabinetry, kitchen island, breakfast bar, pantry & appliances. Bamboo, carpet & tile flooring are complemented by upgraded lighting and fixtures, including beautiful chandeliers. Convenient laundry room includes the washer and dryer. The spacious primary suite offers an attached office and an impressive primary bath featuring a double vanity, huge custom shower w/3 heads, private water closet, and large walk-in closet. Each bedroom features a walk-in closet. Enjoy the scenery from the large covered deck overlooking picturesque panoramic Smoky Mtn views. Metal roof with 40 year transferable warranty. Utilities include electric, private well, private septic system, installed Brinks whole house alarm system, leased inground propane tank & fiber optic internet availability. Only 3 light deed restrictions: (1) prohibiting single-wide homes (2) No junk cars, (3) 30-foot building-road setback. Livestock and horses are allowed. Outdoor amenities include 2 storage buildings, one with a workshop, a pet fenced area, fire pit, and level garden area at the base of the property w/open trail for easy access. Fruit trees, mature flowers, shrubbery, and abundant wildlife add to the property’s natural beauty. A rare combination of mountain views, usable acreage, privacy, outdoor amenities, and comfortable living space, this English Mountain property offers an ideal setting for enjoying the beauty and lifestyle of East Tennessee.

522 Under The Sun Rd, Cosby

$910,000

5 Beds ⋅ 5 Baths ⋅ 3612460 MLS ⋅ ACTIVE Status

5BR SMOKY MOUNTAIN CABIN | SLEEPS 28 | APPROX. 20 MINUTES TO GATLINBURG | STR INVESTMENT OPPORTUNITY! Discover one of the Smokies' best-kept secrets in peaceful Maranatha Resort in Cosby, TN. Offering an impressive combination of SIZE, LOCATION and GUEST CAPACITY, this spacious 5BR/4.5BA cabin is designed for large groups and positioned for use as an overnight rental, vacation home or private mountain retreat. Accommodating up to 28 guests, the cabin features oversized bedrooms plus a custom upstairs bunk room--an incredibly desirable layout for family reunions, multi-family vacations, church groups and large Smoky Mountain getaways. The open-concept living area creates a natural gathering place with soaring cathedral ceilings and a dramatic floor-to-ceiling stone fireplace delivering the mountain atmosphere guests come to the Smokies to experience. Smart TVs, high-speed Wi-Fi and generous living spaces add the modern conveniences today's vacation rental guests expect. The location offers the best of both worlds--peaceful surroundings away from the congestion of the main tourist corridors while remaining convenient to the area's most popular destinations. Approximately 20 minutes from GATLINBURG and within easy driving distance of the GREENBRIER ENTRANCE to GREAT SMOKY MOUNTAINS NATIONAL PARK, hiking, waterfalls, fishing, Pigeon Forge and Dollywood. For investors searching for a LARGE-CAPACITY SMOKY MOUNTAIN STR, the combination of 5 bedrooms, 4.5 baths, accommodations for up to 28, proximity to Gatlinburg and the National Park, and a quieter Cosby location creates tremendous potential. Whether adding to an investment portfolio or searching for a spacious Smoky Mountain getaway, this cabin offers the SPACE, LOCATION and GUEST APPEAL today's mountain buyers are looking for. **Some images have been virtually enhanced to illustrate potential cosmetic updates.

203 Amet Way, Cosby

$910,000

5 Beds ⋅ 5 Baths ⋅ 3612461 MLS ⋅ ACTIVE Status

INDOOR POOL CABIN | $100K+ ANNUAL RENTAL HISTORY | 5BR/4.5BA | 4,000+ SQ FT | SLEEPS UP TO 30! Meet SPLISH SPLASH LODGE--a large-capacity Smoky Mountain cabin offering the combination STR investors search for: PROVEN RENTAL INCOME, an indoor swimming pool, exceptional guest capacity and convenient access to Gatlinburg and Great Smoky Mountains National Park. With a history of generating OVER $100,000 in annual rental income, this established overnight rental offers more than 4,000 sq. ft. of space designed for large families, reunions and group getaways. Five bedrooms, 4.5 baths and accommodations for up to 30 guests create outstanding flexibility for the high-demand large-group vacation rental market. The SHOWSTOPPER is the HEATED INDOOR POOL! Surrounded by floor-to-ceiling windows, this impressive amenity provides year-round entertainment while bringing in natural light and showcasing the surrounding mountain scenery. Inside, soaring ceilings, expansive gathering spaces and an open-concept design blend classic Smoky Mountain character with the space and amenities today's guests want. Located in peaceful Cosby, approximately 20 minutes from GATLINBURG, Splish Splash Lodge provides a welcome escape from heavy tourist traffic while remaining convenient to the GREENBRIER entrance of GREAT SMOKY MOUNTAINS NATIONAL PARK, hiking, waterfalls, Pigeon Forge and Dollywood. Whether you're expanding an STR portfolio or searching for a large Smoky Mountain vacation property, this cabin stands apart with its INDOOR POOL, 5-bedroom layout, 30-guest capacity, 4,000+ sq. ft. and proven six-figure rental history. A rare combination of income potential, guest appeal and year-round entertainment in the Smokies!

220 Amet Way, Cosby

$875,000

3 Beds ⋅ 4 Baths ⋅ 3612462 MLS ⋅ ACTIVE Status

LARGE-CAPACITY SMOKY MOUNTAIN STR | SLEEPS 28 | 3BR + 2 OVERSIZED BONUS ROOMS | 4.5BA | PROVEN RENTAL PERFORMANCE! This impressive Smoky Mountain cabin delivers what vacation rental investors are searching for--exceptional guest capacity, abundant space, desirable amenities and a peaceful location convenient to Gatlinburg and Great Smoky Mountains National Park. Designed to comfortably accommodate up to 28 guests, the spacious floor plan features 3 bedrooms PLUS 2 additional oversized rooms, 4.5 baths, a bunk room and multiple sleeper sofas--creating tremendous flexibility for large families, reunions, retreats and multi-family vacations. Step inside to classic Smoky Mountain character with rich wood finishes, exposed beams and a dramatic stacked-stone fireplace. The open-concept great room flows into a fully equipped kitchen with granite countertops and a generous dining area designed for gathering and entertaining. Spacious king suites with private baths provide the comfort and privacy guests appreciate, while multiple sleeping and gathering areas allow large groups to spread out. Located in a peaceful resort-style community near Cosby, this established overnight rental offers convenient year-round access to GATLINBURG, PIGEON FORGE, DOLLYWOOD, the GREENBRIER entrance and GREAT SMOKY MOUNTAINS NATIONAL PARK--without sacrificing the quiet mountain setting guests come here to enjoy. For buyers searching for a HIGH-CAPACITY SMOKY MOUNTAIN STR, vacation home or investment property, this cabin stands out with accommodations for 28, an exceptionally versatile floor plan and a consistent history of rental success. A compelling opportunity to add a proven Smoky Mountain vacation rental to your portfolio!

225 Amet Way, Cosby

$910,000

3 Beds ⋅ 5 Baths ⋅ 3612463 MLS ⋅ ACTIVE Status

INDOOR POOL | THEATER | GAME LOFT | SLEEPS 28 This amenity-packed Smoky Mountain cabin delivers the features large-group vacationers AND STR investors are searching for. Offering 3 bedrooms PLUS 2 oversized bonus rooms, 4.5 baths and accommodations for up to 28 guests, this established overnight rental combines exceptional capacity, proven rental performance and serious entertainment appeal. Inside, classic Smoky Mountain craftsmanship shines with exposed beams, rich wood finishes, natural stone accents and a beautiful stone fireplace. The amenities are the SHOWSTOPPER. Guests can enjoy a PRIVATE INDOOR SWIMMING POOL year-round, settle in for movie night in the dedicated THEATER ROOM, or head to the GAME LOFT for billiards and arcade favorites. Multiple gathering and entertainment spaces make this cabin exceptionally well suited for family reunions, multi-family vacations, retreats and large groups. The experience continues outdoors with a FIREPIT and spacious yard offering room to gather, play and enjoy the peaceful mountain surroundings. LOCATION adds even more appeal! Conveniently situated near the GREENBRIER entrance to GREAT SMOKY MOUNTAINS NATIONAL PARK, the cabin provides easy year-round access to hiking, waterfalls and outdoor recreation while remaining convenient to GATLINBURG, dining, attractions and everything Sevier County has to offer. For buyers searching for a LARGE-CAPACITY SMOKY MOUNTAIN STR, this property brings together some of the market's most sought-after features: INDOOR POOL, THEATER, GAME ROOM, SLEEPS 28, proven rental history and proximity to Gatlinburg and the National Park. Use it as a turnkey vacation rental, second home or private Smoky Mountain retreat--with even more potential waiting for the next owner.

224 Amet Way, Cosby

$99,000

1 Beds ⋅ 1 Baths ⋅ 3602778 MLS ⋅ ACTIVE Status

Welcome to easy mountain living at Unit 61 in Venture Out at Gatlinburg! Turnkey mountain getaway with dedicate parking (rare in this area). Nestled in the foothills of the Great Smoky Mountains in peaceful Cosby, this gated community offers the perfect setting for a full-time residence or relaxing mountain getaway. This charming, FURNISHED 1-bedroom, 1-bath home offers approximately 648 square feet of comfortable living space filled with character. Vaulted ceilings, exposed wood beams, wood floors and abundant natural light create a warm, inviting atmosphere. An additional space provides a spacious laundry and storage area--an especially convenient bonus for a home of this size. Step outside and enjoy the fresh mountain air from your private porch or screened-in side patio and entrance. The community's heated swimming pool and clubhouse are just one street away, along with shuffleboard, basketball and tennis courts, BBQ and picnic areas, and plenty of space to relax and enjoy the surroundings. Venture Out makes mountain living refreshingly low maintenance. HOA amenities and services include high-speed internet, basic cable, water, sewer, trash, lawn care and access to community recreational amenities. Spend less time on upkeep and more time enjoying East Tennessee! This secure, golf-cart-friendly community offers the feeling of being on vacation every day while still providing convenient access to Gatlinburg and the surrounding Smoky Mountains. Rentals are not permitted, helping preserve the peaceful residential atmosphere of the community. Best of all, this home is being offered mostly furnished! Outdoor furniture, kitchen table and chairs, televisions and additional furnishings remain, making this an easy move-in-ready opportunity. Bring your clothes and start enjoying your Smoky Mountain escape! Buyer and buyer's agent to verify all information. Some information may have been obtained from third-party sources and/or tax records.

5355 E Pkwy, Unit 61, Cosby

$539,000

1 Beds ⋅ 2 Baths ⋅ 3602402 MLS ⋅ ACTIVE Status

Welcome to 5236 Mathis Branch Rd, Cosby, TN 37722, a rare opportunity to own property in the heart of East Tennessee's Smoky Mountains. This Cosby TN real estate offering is ideal for buyers seeking a primary residence, second home, vacation retreat, or income-producing investment property near the Great Smoky Mountains National Park. Located in the highly desirable Cosby Tennessee area, this property offers privacy, mountain surroundings, and the peaceful lifestyle buyers search for when looking for Smoky Mountain homes for sale. Cosby is known for its quiet, less-crowded atmosphere while still providing convenient access to Gatlinburg, Pigeon Forge, Sevierville, and Newport TN--making it especially attractive for short-term rental, Airbnb, or VRBO investment. Outdoor enthusiasts will appreciate proximity to hiking trails, fishing, rafting, wildlife, and scenic mountain views, all just minutes from the Cosby entrance to the national park. The location and setting make this an excellent option for vacation rental income, long-term rental demand, or future appreciation in one of the fastest-growing real estate markets in Sevier County and Cocke County TN. With no Tennessee state income tax, affordable property taxes, and continued growth in Smoky Mountain tourism, this property checks the boxes for both lifestyle buyers and real estate investors. Whether you're searching for land or homes for sale in Cosby TN, a mountain getaway, or a strategic investment near the Smokies, this property delivers flexibility, location, and long-term value. Don't miss your chance to own Smoky Mountain property in Cosby TN--a prime destination for homeowners, vacation buyers, and real estate investors alike.

5236 Mathis Branch Rd, Cosby

$849,000

4 Beds ⋅ 5 Baths ⋅ 3593975 MLS ⋅ ACTIVE Status

This one is the momentum play of the street. Through the first nine months of 2026 it has already grossed $106,127, running 7.3 percent ahead of the same window last year with occupancy up 13 points. Trailing twelve month occupancy sits at 65 percent against a 53 percent market average, the strongest of the three. That is on top of $120,454 in 2024 and $134,459 in 2025. The performance report is third party verified and available for review. At just under 4,000 square feet, the lodge sleeps up to 29 and carries 15 beds throughout: 3 king, 7 queen, 3 futon, 1 sleeper, 1 twin. Four and a half bathrooms, so a group this size is not standing in line. The private indoor heated pool sits on the main level as part of the living flow, not tucked away in a basement, and it runs year round regardless of weather. The theater is a dedicated enclosed room with a real screen, not a TV on a wall. The game room is its own enclosed space on the second floor above the kitchen. Both were built out by the current owner as permanent improvements rather than repurposed corners. Stacked stone fireplace in the main living area, eight flat screens, central heat and air, fully equipped kitchen with a dishwasher and a dining table long enough to seat the group at once, washer and dryer in unit. Outside, the hot tub sits on an enlarged rear deck over national forest. You can hear the creek from up there. Fire pit with a picnic table and a wide covered front porch for the slower part of the day. Charcoal grill, free on site parking, easy paved access. Dogs welcome. The capital investment here is substantial and recent. The back deck was enlarged. The second floor over the kitchen was closed in to create the dedicated game room, and the theater room was closed in as well. The interior was completely redecorated. The fire pit was updated and exterior lighting was added across the decks and around the fire pit, which extends how guests use the outdoor space after dark.

223 Amet Way Unit POOLSRUSHINN, Cosby

$279,900

3 Beds ⋅ 2 Baths ⋅ 3591689 MLS ⋅ ACTIVE Status

Looking for a country home with acreage and workshop space in East Tennessee? 455 McGaha Chapel Road in Cosby, Tennessee offers a comfortable home, functional outbuildings, and a peaceful country setting just 10 minutes from Newport. Situated on approximately 1.61 acres, the property provides room to enjoy the outdoors, garden, pursue hobbies, store equipment, or simply appreciate having some extra space around you. The country setting offers a sense of privacy while keeping you convenient to town and everyday necessities. The 1,848-square-foot home features 3 bedrooms and 3 full bathrooms with a comfortable split-bedroom floor plan. The spacious living room is centered around a gas fireplace, while the large kitchen offers abundant cabinetry, an island with seating, and plenty of workspace for everyday meals or entertaining. One of the property's standout features is the additional space outside the home. An 18' x 36' detached garage/workshop provides plenty of room for woodworking, automotive projects, hobbies, vehicle storage, or other uses. An additional 18' x 36' equipment shed/carport with a 10-foot lean-to provides even more space for equipment, trailers, recreational vehicles, lawn equipment, and storage. With 1.61 acres, two substantial outbuildings, and a 3-bedroom, 3-bath home, this property offers a combination that's difficult to find for buyers who want more space without the upkeep of a large tract of land. Light restrictions help protect the surrounding area while still allowing you to enjoy the property. Conveniently located just minutes from Newport with easy access to Interstate 40, the Great Smoky Mountains, Gatlinburg, and outdoor recreation throughout East Tennessee, you can enjoy country living without feeling disconnected. If you've been searching for a home with acreage near Newport, TN, a property with a detached workshop, or a country home in Cosby, 455 McGaha Chapel Road deserves a closer look.

455 Mcgaha Chapel Rd, Cosby

$410,000

2 Beds ⋅ 2 Baths ⋅ 3591730 MLS ⋅ ACTIVE Status

Welcome to 4923 Cote Way, Cosby, TN! Discover peaceful mountain living in this charming 2-bedroom, 2-bathroom site-built home tucked away in scenic Cosby, Tennessee. Offering seasonal mountain views, this quality residence delivers the perfect mix of comfort, privacy, and endless potential. Whether you are looking for a serene primary residence, a tranquil mountain getaway, or an income-producing opportunity, this property fits the bill. With overnight rental potential, you can tap into the strong East Tennessee tourist market near the Great Smoky Mountains

4923 Cote Way, Cosby

$844,000

3 Beds ⋅ 5 Baths ⋅ 3548073 MLS ⋅ ACTIVE Status

This property produced $135,213 in 2024 and $146,272 in 2025, with 2025 occupancy hitting 64.9 percent against a 53 percent market average. Sixty five confirmed bookings in 2025. The performance report is third party verified and available for review. Worth noting for anyone running numbers: PriceLabs flags this property as currently priced below its local comp set in both peak and low season, which is a rate lever a new owner inherits on day one. The lodge sleeps up to 30 and carries 16 beds throughout, including three kings and seven queens. Four and a half bathrooms across the floor plan, so groups this size are not standing in line. The private indoor heated pool sits on the main level and runs year round. There is a dedicated theater room with proper seating and an 86 inch screen, plus a separate game room with a pro pool table, arcade cabinet, and foosball. The kitchen is built to cook for a crowd with a dining table long enough to seat everyone at once. The back deck is new, and once the leaves drop it opens up to a mountain view. Hot tub on the deck over national forest. Fire pit and swing below it. Deep covered front porch. Easy paved access with no steep grades. Dogs welcome. The capital investment here is substantial and recent. The back deck is new. The hot tub was new in 2021. The French doors running from the back deck into the pool room were replaced. The pool has a new electric heater, replaced roughly two years ago, plus a pool cover and reel in place, which is the single biggest lever on heating cost for an indoor pool. The pool room has a new industrial sized dehumidifier and exhaust fan. The entire cabin has been painted throughout, with the pool room repainted recently. An HVAC maintenance contract is in place and stays current. Maranatha Resort sits on the peaceful side of the Smokies, under two miles from the Cosby entrance to Great Smoky Mountains National Park.

222 Amet Way Unit POOLINAROUND, Cosby

$894,000

5 Beds ⋅ 6 Baths ⋅ 3548038 MLS ⋅ ACTIVE Status

This is a large group asset that produced $126,497 in 2024 and $166,350 in 2025, a 31 percent jump year over year. Through the first nine months of 2026 it has already logged $89,383 with $54,924 in forward bookings still on the calendar. The performance report is third party verified and available for review. At 4,000 square feet, the lodge sleeps up to 30 and carries 15 beds throughout, including two kings and ten queens. Five and a half bathrooms. The kitchen seats 19 between two dining tables and a breakfast bar, with stainless appliances and full cookware for a crowd. Seven TVs throughout, a game room with pool table, foosball, and multi-cade arcade, and a home theater with a massive screen and cinema style seating. Groups with kids fill the pool. Adults claim the theater. Both happen at the same time without anyone having to negotiate. The private indoor heated pool sits on the main level as part of the living flow, not tucked away in a basement. Hot tub on the rear deck, outdoor fire pit with exterior lighting around the decks and fire pit area, picnic table, and charcoal grills. The owner has taken care of this asset. Back roof replaced. Hot tub replaced. New flooring in the pool area. Exterior lighting added throughout the deck and fire pit areas. The pool room has a new industrial sized dehumidifier and exhaust fan, which is the system that protects a structure like this one long term. An HVAC maintenance contract is in place and stays current. Maranatha Resort sits on the peaceful side of the Smokies, under two miles from the Cosby entrance to Great Smoky Mountains National Park. The Cosby section of the park is a mile or so south of the neighborhood and holds some of the quietest hiking in the entire park, which is the reason guests who have done Gatlinburg once come back here instead. Whitewater rafting on the Pigeon River is minutes away. Gatlinburg and Pigeon Forge are reached via I-40 without driving through town.

213 Amet Way Unit GRANDBEAR, Cosby

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Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2026 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.