Gatlinburg Falls Phase 1 Real Estate

Welcome to Gatlinburg Falls Phase 1, a serene subdivision nestled in the heart of the picturesque Smoky Mountains. Located in the charming city of Gatlinburg, Tennessee, this enchanting community offers an idyllic blend of natural beauty and modern conveniences, making it the perfect place to call home or a delightful vacation retreat.

Gatlinburg Falls Phase 1 is characterized by its stunning mountain views, lush landscapes, and a tranquil atmosphere that invites relaxation. The subdivision is designed with both comfort and style in mind, featuring beautifully crafted homes that harmonize with the surrounding environment. Here, residents can enjoy spacious lots that provide ample privacy and room for outdoor activities, all while being just minutes away from the vibrant attractions of downtown Gatlinburg.

In addition to its breathtaking scenery, Gatlinburg Falls Phase 1 boasts easy access to a wealth of recreational opportunities. Outdoor enthusiasts will relish the proximity to Great Smoky Mountains National Park, where hiking, biking, and wildlife watching await. The area is also known for its exciting attractions, including the Gatlinburg SkyLift Park and Ripley’s Aquarium, ensuring that there’s never a dull moment.

Whether you’re seeking a peaceful retreat or an adventure-filled lifestyle, Gatlinburg Falls Phase 1 offers the best of both worlds. Experience the charm of mountain living while enjoying the convenience of nearby amenities. Discover your dream home in this enchanting subdivision and embrace the beauty of Gatlinburg today!

Newest Listings in Gatlinburg Falls Phase 1

$1,227,900

4 Beds ⋅ 4 Baths ⋅ 3602403 MLS ⋅ ACTIVE Status

Welcome to 655 Gatlinburg Falls Way, an exceptional, income-producing luxury cabin located in the highly sought-after Gatlinburg Falls Phase 1 subdivision in the heart of Gatlinburg. This beautifully decorated tri-level property offers the perfect blend of upscale mountain living and high-performing short-term rental investments. Designed with both comfort and entertainment in mind, this spacious cabin features multiple bedrooms each with its own cozy fireplace, providing a premium guest experience and strong repeat rental appeal. The open-concept main living area showcases granite countertops, stainless steel appliances, and ample space for hosting large groups. Entertainment is unmatched with a dedicated theater room and an action-packed game room, making this property a top choice for vacationers seeking a full experience. The fully finished layout offers generous sleeping capacity, ensuring maximum occupancy potential and excellent ROI. Located on wide, easily accessible roads within Gatlinburg Falls Resort, guests enjoy convenient year-round access along with access to a well-maintained outdoor swimming pool--an attractive amenity that enhances rental demand. Positioned just minutes from downtown Gatlinburg and only 6 miles to Pigeon Forge, this prime location places guests near top attractions, dining, and entertainment while still offering the privacy and charm of a mountain retreat. Turnkey, fully furnished, and rental-ready, this property is an outstanding opportunity for investors or buyers seeking a high-performing vacation home in one of the Smokies' most desirable resort communities. Schedule your showing today and capitalize on this income-producing property in a premier location.

655 Gatlinburg Falls Way, Gatlinburg

Start Your Search

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.