$507,900
$42K PRICE DROP

1196 Iris Way Cosby, TN 37722

Estimated payment $2,690/month

Total Views 16,000
4 Beds
3 Baths
2,688 Sq Ft
$189 Price per Sq Ft

Highlights

  • Barn
  • Mountain View
  • Wooded Lot
  • Landscaped Professionally
  • Recreation Room
  • Traditional Architecture

About This Home

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.

Listing Agent

Tony Busse

The Real Estate Firm, Inc. License #338905 Listed on: 09/30/2025

The Real Estate Firm, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $618

Year Built

  • Built in 1998

Lot Details

  • 3 Acre Lot
  • Landscaped Professionally
  • Irregular Lot
  • Wooded Lot

Parking

  • No Garage

Property Views

  • Mountain
  • Countryside Views
  • Forest

Home Design

  • Traditional Architecture
  • Cabin
  • Block Foundation
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 2,688 Sq Ft Home
  • Living Quarters
  • Cathedral Ceiling
  • Family Room
  • Formal Dining Room
  • Recreation Room
  • Bonus Room
  • Storage
  • Finished Basement
  • Walk-Out Basement
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Well
  • Septic Tank

Additional Features

  • Covered Patio or Porch
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 055 034.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$618

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Directions: From I-40 heading towards Gatlinburg take exit 435 to Newport TN-32 S for about 4 miles. Take a right onto Bogart. In about 5 miles make a right at Sunset Gap on Iris Way. Driveway os hidden. Head up the driveway and when you see a house with a red tin roof the driveway with be on the left. Heat all the way up until you get to the house.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1998
  • Lot Size Acres: 3.0
  • Architectural Style: Traditional, Cabin
  • Contract Info:List PriceSqFt2: 188.95
  • General Property Description:SqFt - Main Lvl: 1344.0
  • General Property Description:SqFt - Down Lvl: 1344.0
  • General Property Description:HOA: No
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement YN: Yes
  • Has Basement: Finished, Walk-Out Access
  • Fireplace: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Flooring: Tile, Hardwood, Luxury Vinyl Plank
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, Walk-In Closet(s), Cathedral Ceiling(s)
  • Window Features: Insulated Windows, Aluminum Frames

Exterior Features

  • Exterior Features: Prof Landscaped
  • View: Mountain View, Wooded, Country Setting, Seasonal Mountain View
  • Lot Features: Wooded, Irregular Lot
  • Construction Type: Block, Frame, Wood Siding
  • Other Structures: Barn(s)
  • Patio And Porch Features: Porch - Covered

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Sewer: Septic Tank
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump, Electric
  • Heating Yn: Yes
  • Water Source: Well

Lot Info

  • Parcel #: 055 034.01

Tax Info

  • Tax Annual Amount: 618.27

Map

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $989 $66,840 $6,720 $60,120
2024 $618 $41,775 $4,200 $37,575
2023 $618 $41,775 $0 $0
2022 $618 $41,775 $4,200 $37,575
2021 $618 $41,775 $4,200 $37,575
2020 $636 $41,775 $4,200 $37,575
2019 $636 $34,200 $4,725 $29,475
2018 $636 $34,200 $4,725 $29,475
2017 $636 $34,200 $4,725 $29,475
2016 $636 $34,200 $4,725 $29,475
2015 -- $35,050 $0 $0
2014 $571 $35,053 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2026 01/05/26 Price Changed $507,900 -0.4% $189 / Sq Ft
12/01/2025 12/01/25 Price Changed $510,000 -7.3% $190 / Sq Ft
09/30/2025 09/30/25 For Sale $550,000 +787.1% $205 / Sq Ft
09/29/2017 09/29/17 Sold $62,000 +3.5% $46 / Sq Ft View Prior Sale
09/21/2017 09/21/17 Pending -- -- --
07/27/2017 07/27/17 For Sale $59,900 -- $45 / Sq Ft
Source: East Tennessee REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $62,000 None Available
Deed $82,056 --
Warranty Deed $3,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $55,800 New Conventional
Source: Public Records

Source: East Tennessee REALTORS® MLS

MLS Number: 1317058

East Tennessee REALTORS® MLS

APN: 055-034.01