Gatlinburg Homes under $500,000

Gatlinburg Homes under $500,000

Welcome to Gatlinburg, Tennessee, a charming mountain town nestled in the heart of the Great Smoky Mountains! Known for its stunning natural beauty, Gatlinburg is a beloved destination for both tourists and residents alike. With its vibrant arts scene, outdoor adventures, and a plethora of family-friendly attractions, this picturesque locale offers something for everyone.

Gatlinburg is not just a gateway to the Smoky Mountains; it’s a place where community and culture flourish. Enjoy a leisurely stroll down the Parkway, where you’ll discover an array of shops, restaurants, and entertainment venues. Whether you’re indulging in local delicacies, exploring art galleries, or taking in the breathtaking views from the SkyLift Park, Gatlinburg is a treasure trove of experiences.

For those looking to make Gatlinburg their home, the real estate market offers a variety of options, especially for homes under $500,000. You can find cozy cabins tucked away in the woods, charming cottages with mountain views, and modern homes that blend comfort with style. These properties provide an excellent opportunity for first-time buyers, retirees seeking a peaceful retreat, or investors looking to capitalize on the thriving vacation rental market.

Living in Gatlinburg means embracing a lifestyle filled with adventure, relaxation, and community spirit. With homes available at accessible price points, now is the perfect time to turn your dream of mountain living into a reality. Explore the possibilities and discover your ideal home in this enchanting corner of Tennessee!

Newest Gatlinburg Homes under $500,000

740 Hidden Valley Rd, Gatlinburg
$399,900
3 Beds ⋅ 2 Baths ⋅ 1,690 SqFt. ⋅ 1357420 MLS ⋅ ACTIVE Status
Dreaming of a Smoky Mountain Home, this is it. This 3-bedroom 2 bath home offers you tranquility and peace. Nestled in the trees on 1.5 acres, the breeze brushing softly on the cheek. This home has been remodeled from the studs out. New windows except for the large pane windows, new flooring, HVAC replaced in 2024, Septic pumped this year. Wood burning fireplace offers a secondary source of heat and ambiance. Only minutes to downtown Gatlinburg and the gateway to the Great Smoky Mountain Parkway.

740 Hidden Valley Rd, Gatlinburg
1102 Ski View Drive Unit UNIT 208, Gatlinburg
$235,000
2 Beds ⋅ 2 Baths ⋅ 912 SqFt. ⋅ 1356091 MLS ⋅ ACTIVE Status
The drive above Gatlinburg brings you to one of the best parts of owning a place in the Smokies: the moment the town gives way to the mountains. Set high on Ski Mountain near Ober Mountain, this two-bedroom, two-bath condo offers sweeping views that change with the seasons. In fall, the surrounding ridgelines become a landscape of gold, orange, and crimson--best enjoyed from your screened balcony with a cup of coffee and nowhere else you need to be. The mountain setting carries inside to a comfortable living space where the fireplace creates a natural gathering place after a day exploring Gatlinburg or Great Smoky Mountains National Park. A kitchen and dining area make it easy to settle in for more than a weekend, while two bedrooms and two baths provide a practical layout for time with family or friends. Here, you can spend the day among Gatlinburg's restaurants and attractions, then return to the quiet and the view above it all. The community's indoor pool, hot tub, and sauna offer more ways to enjoy your time on the mountain. Make this your personal retreat, a second home to share, or a vacation rental shaped around the experience that draws people to the Smokies year after year. Professionally managed for an easy transition. Rental company requires 60 day termination notice to ensure guest accommodations can be honored without disruption. Existing reservations and ease of transition enable buyer to have income potential from day 1.

1102 Ski View Drive Unit UNIT 208, Gatlinburg
306 Baskins Creek Rd Unit 207, Gatlinburg
$299,900
2 Beds ⋅ 2 Baths ⋅ 824 SqFt. ⋅ 1355716 MLS ⋅ ACTIVE Status
This fully furnished condo grossed $44,700 last year and is located in the heart of downtown Gatlinburg just a couple blocks from the main strip (Anakeesta)! And with over 135+ reviews, it is an Airbnb Guest Favorite! Airbnb Link: https://www.airbnb.com/rooms/1212245433561318254 Features include: - 2 bed / 2 bath with a King Suite! - Covered balcony off the living room - Living room with gas fireplace - Kitchenette - Sleeps 6! - Open concept - NEW building elevators - Easy drive in and out - Free parking - Owners can have HOA approved pets! - Self-manage or use a property manager of your choosing! Conveniently located to all the top attractions including GSMNP, Roaring Fork Motor Trail, Dollywood, Ripley's Aquarium, Ober Mountain, Anakeesta, The Island in Pigeon Forge, Gatlinburg SkyPark, Forbidden Caverns, Foxfire Mountain Adventure Park, Titanic Museum Attraction, Tanger Outlets shopping and so much more. Enjoy all of this with low HOA dues that cover: water, sewer, trash, outdoor pool and hot tub, exterior maintenance, common areas, community laundry area. Please check Associated Documents for average utilities, rental history, disclosures, etc.

306 Baskins Creek Rd Unit 207, Gatlinburg
215 Woliss Lane Unit 101, Gatlinburg
$439,900
2 Beds ⋅ 2 Baths ⋅ 1,224 SqFt. ⋅ 1355029 MLS ⋅ ACTIVE Status
This Downtown Gatlinburg condo is fully furnished and perfectly located just a few blocks from the main strip, behind Anakeesta! Key feature & updates include: - Spacious layout with 1224 SF - Primary suite includes dual vanities, tile walk-in shower and jacuzzi tub - Secondary suite with (2) Queens, dual vanities and tub/shower combo - Fully equipped kitchen with stainless appliances - Living room with gas fireplace - In-unit washer & dryer - End unit (on the side of the complex closest to the strip, making access to all the shops, restaurants & attractions even easier!) - Private covered balcony - Enjoy the community pool and hot tub, fitness area, covered parking and beautiful lobby! - Located in the upscale Baskins Creek Condo development - 2023: new interior paint, new tub/shower shower surround in secondary bathroom, new kitchen appliances - 2024: new light fixtures and can lights Rental link: https://www.stonybrooklodging.com/gatlinburg-cabins-chalets/baskins-creek-101 Conveniently located to all the top attractions including GSMNP, Roaring Fork Motor Trail, Dollywood, Ripley's Aquarium, Ober Mountain, Anakeesta, The Island in Pigeon Forge, Gatlinburg SkyPark, Forbidden Caverns, Foxfire Mountain Adventure Park, Titanic Museum Attraction, Tanger Outlets shopping and so much more. Enjoy all of this with HOA dues that cover: water, sewer, trash, outdoor pool/hot tub, fitness area, exterior maintenance, common areas, building insurance.

215 Woliss Lane Unit 101, Gatlinburg
260 Roaring Fork Rd Unit 216, Gatlinburg
$259,000
2 Beds ⋅ 2 Baths ⋅ 1,064 SqFt. ⋅ 1342267 MLS ⋅ ACTIVE Status
This turnkey, cash flow condo with a modern farmhouse vibe grossed just under $43k in 2025! Unsurprisingly, it's also an Airbnb Guest Favorite with just under 400 guest reviews! Airbnb Link: https://tinyurl.com/3j2c9k9t Features include: - (2) Spacious bedrooms (King primary + 2 full beds in secondary) - Smart TV's - Fully equipped kitchen (new refrigerator in 2025 and new dishwasher in 2026) - Open concept - Electric fireplace in living room - Large balcony overlooking the pool - Easy drive in and out - Owners can have pets! - Self-manage or use a property manager of your choosing! Conveniently located to all the top attractions including GSMNP, Roaring Fork Motor Trail, Dollywood, Ripley's Aquarium, Ober Mountain, Anakeesta, The Island in Pigeon Forge, Gatlinburg SkyPark, Forbidden Caverns, Foxfire Mountain Adventure Park, Titanic Museum Attraction, Tanger Outlets shopping and so much more. Enjoy all of this with low HOA dues that cover: water, sewer, trash, outdoor pool, exterior maintenance, common areas, community laundry area. Please check Associated Documents for rental history, expenses, disclosures, etc.

260 Roaring Fork Rd Unit 216, Gatlinburg
260 Roaring Fork Rd Unit 220, Gatlinburg
$229,200
2 Beds ⋅ 2 Baths ⋅ 1,064 SqFt. ⋅ 1342124 MLS ⋅ ACTIVE Status
EASY to schedule a showing or virtual tour! Experience the sights and sounds of Roaring Fork, a stunning mountain stream, right from the large balcony of this furnished condo! Unit features: - Shiplap accents in main level bathroom - Fully equipped kitchen - Open concept main level with gas fireplace - Large, covered balcony (hear/see Roaring Fork!) - Two spacious bedrooms - Community pool - Easy drive in and out - Owners can have pets! - Self-manage or use a property manager of your choosing (for STR use) Prime location: - Just across the street from Roaring Fork - enjoy the sights & sounds from this unit! - 1 mile to Gatlinburg Strip - Minutes to Roaring Fork Nature Trail PLUS it is also conveniently located to all the top attractions including GSMNP, Dollywood, Ripley's Aquarium, Ober Mountain, Anakeesta, The Island in Pigeon Forge, Gatlinburg SkyPark, Forbidden Caverns, Foxfire Mountain Adventure Park, Titanic Museum Attraction, Tanger Outlets shopping and so much more. Enjoy all of this with low HOA dues that cover: water, sewer, trash, outdoor pool, exterior maintenance, common areas, on-site laundry area. Please check Associated Documents for average utilities, disclosures, etc. Drone photos not indicative of view.

260 Roaring Fork Rd Unit 220, Gatlinburg
102 Baskins Creek Bypass Unit APT 404, Gatlinburg
$345,000
2 Beds ⋅ 2 Baths ⋅ 773 SqFt. ⋅ 1341139 MLS ⋅ ACTIVE Status
Exceptional Downtown Gatlinburg Investment Opportunity - Fully Furnished 2BR/2BA Condo Offered fully furnished and truly turn-key, this beautifully updated 2-bedroom, 2-bath condominium presents an outstanding opportunity for both investors and second-home buyers. Ideally positioned within easy walking distance of downtown Gatlinburg's premier attractions, the property offers impressive views of the Gatlinburg Space Needle, seasonal fireworks displays, Ole Red, Anakeesta, and Ripley's Aquarium from the privacy of your own balcony. The interior features tasteful upgrades throughout, including granite countertops, stainless steel appliances, and a warm, neutral color palette designed to complement the surrounding mountain setting. Expansive windows provide abundant natural light and attractive views from nearly every room. This highly sought-after location supports strong year-round occupancy and consistent rental demand. Comparable units on the same floor have demonstrated annual gross rental income ranging from the high $40,000s to low $50,000s, underscoring the property's excellent income-producing potential. Whether you are seeking to expand your investment portfolio, acquire a high-performing short-term rental, or secure a personal mountain retreat with proven revenue potential, this property delivers exceptional value in one of Gatlinburg's most desirable locations. Schedule your private showing today.

102 Baskins Creek Bypass Unit APT 404, Gatlinburg
306 Baskins Creek Rd Unit 3A, Gatlinburg
$308,800
1 Beds ⋅ 1 Baths ⋅ 525 SqFt. ⋅ 1333270 MLS ⋅ ACTIVE Status
Proven STR performer - this unit is trending 25% UP year over year! This fully renovated condo (Late 2023) sleeps up to 4 and generated over $45k gross in 2025 and has over $45k on the books for 2026! See the 4.9-star Airbnb rating and reviews here: https://www.airbnb.com/rooms/975464627452504758 Truly turnkey! All furnishings, appliances, Smart TVs, decor, linens, and towels convey to the buyer plus the current co-host is available to continue. Key upgrades from the renovation include a brand-new 80-gallon water heater (~3 years warranty remaining) and (2) brand-new PTAC heating/cooling units. Inside, enjoy a spacious king bedroom, open living area with a sleek kitchenette, comfortable leather queen sleeper sofa (memory foam mattress), cozy gas fireplace in season, and luxurious jetted tub. Additional perks: Ample free parking and an unbeatable location just blocks from Anakeesta, Donut Friar, Pancake Pantry, Village shops, Ripley's Aquarium, and many other dining, entertainment, and shopping options. Ideal as a primary residence, second home, or overnight rental--self-manage or hire your preferred property manager. Low HOA fee of $175/month covers water, sewer, gas, basic cable, trash, exterior maintenance, building insurance, community outdoor pool/hot tub, and community laundry area. There are no known upcoming HOA assessments. Review associated documents for rental history, average utilities, additional disclosures, etc.

306 Baskins Creek Rd Unit 3A, 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 .

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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.

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