Cosby Homes under $500,000

Welcome to Cosby, Tennessee – a hidden gem nestled in the heart of the Smoky Mountains! This charming town offers a perfect blend of natural beauty, small-town charm, and a welcoming community atmosphere. With its stunning mountain views, lush forests, and proximity to the Great Smoky Mountains National Park, Cosby is an outdoor enthusiast's paradise. Whether you enjoy hiking, fishing, or simply soaking in breathtaking landscapes, this town has something for everyone.

One of the most appealing aspects of Cosby is its affordability. If you're looking for a home under $500,000, you’ll be delighted by the options available here. The real estate market in Cosby boasts a variety of charming properties, from cozy cabins tucked away in the woods to spacious family homes with modern amenities. Many of these homes are designed to blend seamlessly with the stunning natural surroundings, allowing you to enjoy the tranquility of mountain living without breaking the bank.

Living in Cosby means embracing a slower pace of life, where neighbors greet each other with a smile and local businesses thrive. The community hosts seasonal events and festivals that celebrate the rich culture and traditions of the area, making it easy to feel at home. With its affordable housing, picturesque landscapes, and friendly atmosphere, Cosby is not just a place to live; it’s a place to thrive. Come discover your dream home in this enchanting corner of Tennessee, and start building your life in the beauty of the Smokies!

Newest Cosby Homes under $500,000

$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

$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

$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

$359,900

2 Beds ⋅ 2 Baths ⋅ 3543708 MLS ⋅ ACTIVE Status

Experience refined mountain living in this impeccably maintained newish modern cabin, gracefully positioned on a private one-acre homesite with sweeping, unobstructed mountain views just minutes from Great Smoky Mountains National Park. Designed with both sophistication and comfort in mind, this 2-bedroom, 2-bath retreat features two private bedroom suites -- one on the main level and one upstairs -- offering the ultimate in privacy and flexibility. The expansive open-concept living space is filled with natural light and anchored by a sleek electric fireplace, creating a warm yet contemporary ambiance. The gourmet kitchen showcases brand-new stainless steel appliances and flows seamlessly into the main living area, ideal for entertaining or relaxing after a day hiking in the mountains. Upstairs, an open loft area provides additional flexible living space -- perfect for a game room, media lounge, home office, or additional guest accommodations -- enhancing both lifestyle appeal and rental potential. Step outside to experience true mountain serenity. A beautifully designed outdoor fire pit sits beneath a charmingly rustic pergola, creating the perfect setting for evening gatherings, roasting marshmellows, making Smores, and enjoying the crisp mountain air. Whether envisioned as a luxury primary residence, an exclusive vacation escape, or a high-end short-term rental investment, this exceptional property offers elegance, privacy, versatility, and a true elevated mountain lifestyle. Some images in this listing have been virtually staged and/or digitally altered.

3863 Holders Grove Rd, Cosby

$384,000

3 Beds ⋅ 2 Baths ⋅ 3531283 MLS ⋅ ACTIVE Status

*OPEN HOUSE SUNDAY 9/27 FROM 1-3PM* Welcome to 4748 Bogard Rd in beautiful Cosby, Tennessee! Situated on 1.76 acres with a year-round creek, this well-maintained 2019 manufactured home offers 1,640 sq. ft., 3 bedrooms, and 2 bathrooms, along with a spacious open-concept floor plan featuring a huge dream kitchen perfect for cooking, entertaining, and gathering. Recent improvements include brand-new fencing around the yard for pets or children and a covered back deck perfect for enjoying the peaceful surroundings. Need a little extra space? This property has something for everyone with a 10x20 workshop/man cave PLUS a completely renovated she shed--perfect for hobbies, projects, an office, or simply having a space of your own! The property also offers flexible water options with an existing well and whole-house water softener system, plus a recent connection to public water, allowing the new owner to choose either water source. Adding to the appeal are two full-hookup RV sites that are currently income producing, providing an opportunity for additional revenue. A motorhome currently on the property may also be purchased separately, with price and terms to be negotiated with the sellers. With its peaceful creekside setting, acreage, dream kitchen, man cave AND she shed, recent upgrades, and income potential, 4748 Bogard Rd offers a unique opportunity to enjoy East Tennessee country living in the heart of the Smoky Mountains! Enjoy the peaceful Cosby setting while still being approximately 30 minutes from Gatlinburg, Pigeon Forge, and Sevierville, giving you convenient access to some of the area's most popular attractions, dining, shopping, and everything the Great Smoky Mountains have to offer.

4748 Bogard Rd, Cosby

$369,000

4 Beds ⋅ 3 Baths ⋅ 3528005 MLS ⋅ ACTIVE Status

Welcome to breathtaking mountain living in beautiful Cosby, Tennessee! This exceptional property offers 5.45 unrestricted acres with stunning panoramic views and plenty of privacy. The 4-bedroom, 3-full-bath home provides a great opportunity for a primary residence, vacation home, or investment property. The property features a private well and septic system, along with multiple outdoor spaces where you can relax and take in the surrounding scenery. Enjoy your morning coffee or evening sunsets from the deck while watching wildlife and listening to the sounds of nature. With unrestricted acreage, incredible mountain views, and a peaceful East Tennessee setting, this property offers endless possibilities. Conveniently located in the Cosby area with easy access to the Great Smoky Mountains and surrounding attractions. Schedule your showing today and experience the views and setting for yourself! Property being sold as is!

999 Manna Way, Cosby

$125,000

3 Beds ⋅ 2 Baths ⋅ 3526321 MLS ⋅ ACTIVE UNDER CONTRACT Status

Opportunity awaits at this 3-bedroom, 2-bath single-wide manufactured home situated on a level lot with a mountain view in Cosby. The home is in need of TLC, offering the chance to make updates and improvements to suit your needs. The property also features RV hookups, adding extra flexibility and potential. Conveniently located just minutes from I-40 and Newport, with easy access to Great Smoky Mountains National Park and all that East Tennessee has to offer. Whether you're looking for a primary residence, investment property, or a project with potential, this property is ready for its next chapter.

406 Mcgaha Chapel Rd, Cosby

$324,900

2 Beds ⋅ 2 Baths ⋅ 3520661 MLS ⋅ ACTIVE Status

NEW PRICE: $324,900! Furnished and ready to enjoy, 4465 Ball Hollow Road offers a peaceful East Tennessee retreat with no HOA. Continue using it as a short-term rental, make it your second home, or settle in and enjoy the quiet wooded setting. Gatlinburg is approximately 20 minutes away. Outdoor living is the highlight here. Start your morning on the wraparound porch, relax on the screened back porch, and spend evenings around the fire pit with the sounds of a nearby creek. The home sits on approximately one acre of flat, usable land. Inside, cathedral ceilings and rustic details create a welcoming space. The owner has remodeled the kitchen with new appliances and updated the furniture and lighting. Other improvements include a well filtration system, new well pump, and replaced A/C compressor. The tractor in the shed and battery-operated lawn mower convey; linens do not. The seller will consider offering a home warranty with an acceptable offer. Schedule a showing and come experience this Cosby retreat for yourself!

4465 Ball Hollow Rd, Cosby

$131,500

2 Beds ⋅ 1 Baths ⋅ 3516202 MLS ⋅ ACTIVE Status

Deeded vacation spot in the mountains. All you need to do is bring your clothes. The present owners have paid close attention to every detail and thought of everything so you don't have to. 2019 Palomino Puma camper bought new. Additional living area and sleeping loft have been built around the camper (camper can be moved without disturbing the structure). The property boasts a front and rear porch/deck for all your relaxing needs. The community offers walking trails, pool, community center, playground, two bath houses and a precious community puppy named Bella. No steep roads and just 15 minutes from Gatlinburg and the interstate. HOA fee covers Pool, sewer, water, road maintenance, playground, walking trails. Golf cart friendly. Additional lot, for parking only, is directly behind the property and can be leased yearly for an additional cost ($400 monthly). Vacation spot only: No overnight rentals: No permenant living/residence (These two restrictions will be removed 2030) No rent to own or lease purchase.

299 Harmony Way, Cosby

$199,900

3 Beds ⋅ 1 Baths ⋅ 3513489 MLS ⋅ ACTIVE Status

NEW PRICE: $234,999! Looking for room to spread out? This 3-bedroom ranch sits on 1.23 level, usable acres in a peaceful Cosby setting. Inside, you'll find 1,344 square feet of one-level living and a spacious living area with a stone fireplace. Enjoy your morning coffee on the covered front porch, relax on the rear deck, or make plans for the generous yard. The home also offers convenient access to Cosby Creek. The seller will consider contributing toward the buyer's closing costs with an acceptable offer. Come see the space and possibilities for yourself--schedule a showing!

115 Dunn Way, Cosby

$325,000

2 Beds ⋅ 2 Baths ⋅ 3335781 MLS ⋅ ACTIVE Status

Rare Find in Sevier County! Don't miss this charming 2-bedroom, 2-bath home with a bonus room, offering plenty of space, storage, and convenience. In addition to the home's generous storage areas, you'll find a detached workshop with its own private driveway and an outdoor storage shed--perfect for hobbies, tools, or extra workspace. Conveniently located across from Jones Cove Elementary School, this property offers easy access to Sevierville, Pigeon Forge, Gatlinburg, Cosby, and Newport and is eligible for short-term rental use, making it an excellent opportunity for both homeowners and/or investors. Inside, you'll love the open-concept floor plan featuring beautiful plank flooring throughout the main living area, warm tongue-and-groove walls, and a cozy gas log fireplace that creates the perfect gathering space. The spacious kitchen flows seamlessly into the living and dining areas, making it ideal for everyday living and entertaining. Step outside to enjoy the large covered deck, where you can take in distant mountain views, or unwind in the private, secluded hot tub after a long day. Additional features include utility water, multiple high-speed internet and cable provider options (no satellite dish required), and a location that combines peaceful country living with convenient access to the area's attractions, dining, shopping, and outdoor recreation. This is a rare opportunity to own a versatile property in a prime Sevier County location--whether you're looking for a primary residence, vacation home, or investment property. Schedule your private showing today!

1149 Tranquility Hills Way, Cosby

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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.