Gatlinburg Homes under $500,000

Welcome to Gatlinburg, Tennessee, a picturesque mountain town nestled in the heart of the Smoky Mountains. Renowned for its stunning natural beauty, Gatlinburg offers a unique blend of outdoor adventure and charming community life. With its proximity to the Great Smoky Mountains National Park, residents enjoy year-round access to hiking, wildlife viewing, and breathtaking vistas. The vibrant downtown area is filled with quaint shops, delicious eateries, and family-friendly attractions, making it a perfect place for both relaxation and recreation.

For those looking to call Gatlinburg home, there are fantastic opportunities available, especially for homes under $500,000. This price range offers a variety of options, from cozy cabins that provide a rustic retreat to modern homes that boast contemporary amenities. Imagine waking up to the serene sounds of nature, sipping coffee on your deck while enjoying panoramic mountain views, or taking a leisurely stroll through the charming streets of this inviting town.

Whether you’re a first-time homebuyer, looking for a vacation property, or seeking a peaceful retirement haven, Gatlinburg has something for everyone. The real estate market here is as diverse as the landscape, ensuring you’ll find a perfect fit for your lifestyle and budget. With affordable homes under $500,000, now is the ideal time to invest in your own piece of this enchanting mountain paradise. Embrace the Gatlinburg lifestyle and make your dream of mountain living a reality!

Newest Gatlinburg Homes under $500,000

$399,999

3 Beds ⋅ 3 Baths ⋅ 313995 MLS ⋅ ACTIVE Status

Awesome quiet Gatlinburg retreat perfect for short-term rental or permanent residence with a rare 4.5% assumable mortgage! All kitchen appliances and whole home generator convey to buyer! This well-maintained home features: new roof installed in May, LVP flooring upstairs, paint, and updated walk-in shower! Additional features include: main house upstairs with a basement mother-in-law suite accessible from inside or via private exterior entrance and driveway! Outside enjoy screened-in porch, lower deck, and seasonal views of Mount Le Conte! Located minutes from downtown Gatlinburg with NO HOA, call us today to schedule your private showing and start earning rental income before someone else does!

1131 Tanrac Trail, Gatlinburg

$349,500

3 Beds ⋅ 3 Baths ⋅ 313923 MLS ⋅ ACTIVE Status

IF YOU WANT CONVENIENCE...THIS IS IT!! You FOUND IT!! This 3 bedroom, 3 full bathroom also fully furnished, including a queen sofa bed in the LR, updated condo is going to be the key to your next Gatlinburg investment!! It is available and ready for the next family to enjoy for their Smoky Mtn Getaway. So close to the main Gatlinburg parkway, no need to move your car and pay for parking or deal with the traffic, ahhh sounds like a great plan to me!! Just simply enjoy walking approximately one mile to all the action of the Smokies, in downtown Gatlinburg! And when your day is complete, you will have the privilege of the peace and quiet back at your very own personal condo! Truly the best of both worlds!! That sure does beat having to deal with the traffic! A true stress free vacation in the Smokies! Come and see it today and make it YOURS!!

413 Baskins Creek Road, Gatlinburg

$479,900

4 Beds ⋅ 3 Baths ⋅ 313918 MLS ⋅ ACTIVE Status

BEAUTIFULLY REMODELED 4-BEDROOM, 3-BATH HOME offering approximately 2,300 square feet in Gatlinburg's Arts & Crafts area, just 4 miles from downtown! Located just off Glades Road, the home is within walking distance of craft shops, restaurants, and the Gatlinburg trolley, with convenient access to the Community Center, Rocky Top Sports World, and Great Smoky Mountains National Park. Enjoy MAIN-LEVEL LIVING with a spacious primary suite, two additional bedrooms, and a welcoming living room with a BEAUTIFUL FIREPLACE. The kitchen offers abundant storage and a pantry, while the adjoining dining area features a bay window and window seat. A spacious laundry room and two-car garage are both conveniently located off the kitchen. Downstairs, you'll find a family room with an office nook, a fourth bedroom, a third bath, and a bonus room currently used as a fifth bedroom. Outside, the NEW COMPOSITE DECK is surrounded by mature trees. Improvements include NEW FLOORING THROUGHOUT, a TILED WALK-IN SHOWER in the primary bath, a tiled tub and shower in the second bath, new kitchen appliances, HVAC system, water heater, garage doors and openers, interior and exterior staircases, kitchen sink and disposal, select lighting and plumbing fixtures, refinished garage floors, and a sealed driveway. The roof was replaced in 2018. CITY WATER AND SEWER, SCUD NATURAL GAS, and SPECTRUM HIGH-SPEED INTERNET add everyday convenience. Situated in a RESIDENTIAL-ONLY AREA where overnight rentals are not permitted, this home is well suited for a primary residence, long-term rental, or peaceful Smoky Mountain getaway.

688 Ownby Drive, Gatlinburg

$425,000

3 Beds ⋅ 3 Baths ⋅ 313861 MLS ⋅ ACTIVE Status

Big mountain views, a top-floor setting, and a location that puts downtown Gatlinburg within walking distance make this condo a standout! Featuring 3 sleeping areas, including 2 bedrooms plus an open loft, 3 full bathrooms, and approximately 1,135 square feet, the unit offers plenty of space for a personal mountain getaway or short-term rental. Soaring cathedral ceilings and a lofted bedroom give the interior an open, airy feel, while the mountain views from the top level create a beautiful Smoky Mountain backdrop. Step outside and you can walk down to the Gatlinburg Strip for shopping, restaurants, attractions, and entertainment without having to worry about parking downtown. The location also offers easy access to Mynatt Park, featuring a creek, picnic areas, tennis courts, and pickleball courts, along with nearby access to hiking in the Great Smoky Mountains National Park. Rainbow Falls, Roaring Fork Motor Nature Trail, and some of the area's most scenic drives and trails are just minutes away. The community features a seasonal outdoor pool with mountain views, giving guests another place to relax and enjoy the setting. Recently introduced to the rental market, the property has projected annual rental income of up to approximately $45,000, with similar units in the development historically performing even higher. Mountain views, walkability to downtown Gatlinburg, nearby National Park access, and strong rental potential all come together in one incredibly convenient Smoky Mountain property.

616 Turkey Nest Road, Gatlinburg

$224,900

1 Beds ⋅ 1 Baths ⋅ 313852 MLS ⋅ ACTIVE Status

What if your next Smoky Mountain property came with approximately 2 acres and the opportunity to truly make it your own? Welcome to 703 Fred Harrison Way in Gatlinburg, where this 1-bedroom, 1-bath, two-story cabin offers a setting full of potential, privacy, and possibilities. The main level brings the kitchen, living area, and full bath together in a comfortable layout, while the upstairs loft serves as the bedroom and delivers the classic mountain-cabin feel. With approximately 2 acres, there is room to enjoy the surrounding East Tennessee landscape while creating a property that fits your vision. Whether you're looking for a personal Smoky Mountain getaway, a weekend retreat, or a property you can update and transform over time, this is an opportunity to start with an existing cabin and make it uniquely yours. Convenient to Gatlinburg, the Great Smoky Mountains, and the attractions, recreation, and natural beauty that make this area such a sought-after place to own property. Bring your ideas and come see what 703 Fred Harrison Way could become. **Floor Plans Provided** Information deemed reliable but not guaranteed. Buyer to verify all information.

703 Fred Harrison Way, Gatlinburg

$459,900

2 Beds ⋅ 2 Baths ⋅ 313848 MLS ⋅ ACTIVE Status

Great investment opportunity in Gatlinburg's desirable Glades community! Currently operating as a short-term rental, this two-level log cabin offers 2 bedrooms, 2 full bathrooms, additional sleeping space in the loft, and a convenient location near the Great Smoky Arts & Crafts Community and Rocky Top Sports World. Recently stained and featuring over $20,000 in recent improvements, the cabin combines classic Smoky Mountain character with amenities designed for both relaxation and entertainment. Inside, you'll find warm wood interiors, a stone gas fireplace, granite kitchen countertops, an open living area, and a Multi-Cade arcade featuring 60 games. The loft provides additional flexible space beyond the two bedrooms. Outdoor living is another highlight, with a covered front porch and a covered rear deck featuring a hot tub, providing plenty of space to unwind and enjoy the wooded mountain setting. Conveniently located just minutes from downtown Gatlinburg, Great Smoky Mountains National Park, Rocky Top Sports World, whitewater rafting, the Great Smoky Arts & Crafts Community, dining, shopping, and area attractions. Whether you're looking to add a Gatlinburg short-term rental to your investment portfolio or searching for a Smoky Mountain getaway with rental potential, this cabin offers an appealing combination of location, improvements, amenities, and classic log-cabin charm.

Gatlinburg

$399,000

2 Beds ⋅ 2 Baths ⋅ 313824 MLS ⋅ ACTIVE Status

Priced to sell in Gatlinburg! This established short-term rental offers a great opportunity for an investor or buyer looking for a Smoky Mountain getaway with room to add value. Currently operating on a rental program, the cabin is ready to continue renting as-is while giving the next owner the opportunity to make cosmetic updates over time and create their own vision. Tucked into a wooded setting, the cabin offers that classic Smoky Mountain feel with plenty of privacy and outdoor space. Inside, the open living area features vaulted ceilings, a beautiful stone fireplace, and plenty of natural light. The functional kitchen opens to the dining and living areas, while the additional loft/game space provides extra room for guests to spread out and enjoy. Outside, multiple deck areas are surrounded by mature trees, along with a separate covered hot tub area offering a private place to relax after a day in Gatlinburg. City utilities add convenience and eliminate some of the concerns that can come with well and septic systems on mountain properties. The cabin is currently rentable and offers a great foundation for a buyer who wants to make improvements to their own taste rather than paying a premium for someone else's renovations. With its Gatlinburg location, established rental use, wooded setting, hot tub, and city utilities, this is an opportunity to get into the Smoky Mountain rental market at an attractive price point. Being sold furnished and ready for its next owner to make it their own.

507 Eagle Trail, Gatlinburg

$489,000

3 Beds ⋅ 2 Baths ⋅ 313697 MLS ⋅ ACTIVE Status

Nestled between two of the most famous mountain towns near the Great Smoky Mountains National Park sits this private oasis just for you to enjoy! Tucked into the private Norton Creek Community long desired by locals and second home owners for its privacy, quiet beauty, natural amenities such as a true mountain water community pool, club house and tennis courts. Featuring 3 bedrooms, 2 baths, plenty of deck space to enjoy the outdoors and a large 1.5 acre wooded lot. Seller just did a huge upgrade last year by installing a new roof and new gutters on the upper part. All duct work for Heat and Air was also replaced. Just 10 minutes to Gatlinburg or Pigeon Forge! No overnight rentals allowed in Norton Creek to ensure owners quiet enjoyment.

409 Jefferson Road, Gatlinburg

$319,900

2 Beds ⋅ 2 Baths ⋅ 313772 MLS ⋅ ACTIVE Status

Turn-key investment opportunity in the heart of Gatlinburg! This 2-bedroom, 2-bath contemporary condo offers a sought after (open balcony) corner unit with beautiful views of downtown Gatlinburg, mountain range in the background, just a short walk to downtown, offering unbeatable convenience and strong rental demand. With nearly 800 square feet, the open-concept layout features a cozy stacked-stone fireplace, spacious dining area, and a fully equipped kitchen--perfect for maximizing guest satisfaction and repeat bookings. Each bedroom includes its own private bath, providing ideal accommodations for guests and enhancing rental appeal. Step onto the private covered balcony overlooking the community pool, hot tub, and downtown Gatlinburg with mountain views--an amenity guests actively seek when booking. Located in a professionally managed complex with a community pool, this property is positioned for both ease of ownership and consistent performance. Just minutes from the Great Smoky Mountains National Park, Ober Gatlinburg, and top attractions, this location keeps occupancy rates strong year-round. Proven income potential--similar units on the same floor are generating high $30's mid $40's in annual gross rental income. Whether you're looking to expand your portfolio, secure a high-demand vacation rental, or own a personal getaway that pays for itself, this condo checks every box. Opportunities this close to downtown with this level of performance don't last--schedule your showing today.

102 Baskins Creek Bypass, Gatlinburg

$295,000

2 Beds ⋅ 2 Baths ⋅ 313756 MLS ⋅ ACTIVE Status

INVEST where the return is the BEST! Beautiful upscale condo already an established Short term Rental. Updated and ready to go. Conveniently located just minutes to Downtown Gatlinburg, rent this condo out, or use it as your personal home base close to all the fun and action. Fully fitted with comfy beds, cozy great room and kitchen and en-suite bathrooms. Enjoy morning coffee overlooking the Great Smoky Mountains. Spend time relaxing in the hot tub or communal swimming pool when you are aren't out exploring or https://www.airbnb.com/rooms/36151102?source_impression_id=p3_1788196254_P3o9tz0175QSRcaU

413 Baskins Creek Road, Gatlinburg

$299,990

3 Beds ⋅ 2 Baths ⋅ 313709 MLS ⋅ ACTIVE Status

Updated Gatlinburg top floor penthouse style condo with STUNNING panoramic mountain views from every room! Overlooking the Great Smoky Mountains National Park and Ober Ski Resort, this 2 bedroom, 2 full bath unit with additional loft space is set up to comfortably sleep 6 and comes fully furnished, turnkey and rental-ready. Recent updates include luxury vinyl plank flooring throughout and a beautiful stone wood-burning fireplace that anchors the main living space. Enjoy the covered porch while taking in some of the best views in the Smokies. The well-maintained complex offers excellent amenities including an indoor pool and hot tub, outdoor pool, and exterior maintenance for true low-maintenance ownership. Ideal for short-term rental, second home retreat, or primary residence within minutes of downtown Gatlinburg. Call today to schedule your private showing!

1260 Ski View Drive, Gatlinburg

$225,000

2 Beds ⋅ 2 Baths ⋅ 313686 MLS ⋅ ACTIVE Status

Turnkey, fully furnished and ready to enjoy at Gatlinburg Summit! This true 2 bedroom, 2 bath condo offers plenty of room for family and guests, with a private primary bedroom and a second bedroom featuring full-size bunk beds. Cozy up by the fireplace after a day in the Smokies or step outside onto your private balcony and enjoy the peaceful mountain setting. Whether you're looking for a Smoky Mountain getaway, second home, or short-term rental, this one is ready from day one. Located just 3 miles from Downtown Gatlinburg and the entrance to Great Smoky Mountains National Park. Spend the day exploring Anakeesta, Ober Mountain, the SkyBridge, Dollywood, shopping, dining, hiking and more, then head back to Gatlinburg Summit and enjoy two pools, two hot tubs, an arcade, playground, grilling areas and on-site laundry. Fully furnished and ready for its next owner, everything you need for your Smoky Mountain escape is right here. Enjoy it yourself, share it with family and friends, or add it to your investment portfolio!

1260 Ski View Drive, Gatlinburg

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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 .