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 and vibrant tourism scene, Gatlinburg offers a unique blend of outdoor adventure and cozy mountain living. With its picturesque views, abundant wildlife, and access to hiking trails, it’s no wonder that residents and visitors alike are captivated by this enchanting destination.

Gatlinburg is not just a haven for nature lovers; it boasts a rich tapestry of culture and entertainment. Enjoy the lively atmosphere of the Parkway, where you can find an array of shops, restaurants, and attractions, including the famous Ober Gatlinburg amusement park. The town is also a gateway to the Great Smoky Mountains National Park, making it a prime location for those who cherish outdoor activities like hiking, fishing, and wildlife observation.

For those looking to make Gatlinburg their home, the real estate market offers a range of options, including charming homes under $500,000. These properties provide an excellent opportunity for first-time buyers, families, or anyone seeking a vacation getaway. Imagine waking up to the serene sounds of nature and enjoying breathtaking mountain views right from your porch. Whether you're in search of a cabin retreat or a cozy cottage, Gatlinburg has something to fit your lifestyle and budget.

Embrace the warmth and charm of Gatlinburg, where every day feels like a vacation, and find your perfect home in this delightful mountain town!

Newest Gatlinburg Homes under $500,000

354 E Holly Ridge Rd Unit UNIT 401, Gatlinburg
$239,900
2 Beds ⋅ 2 Baths ⋅ 1358001 MLS
Downtown Gatlinburg Condo with Direct Parkway Access | 2BR/2BA | Laurel Inn Unit 401 at Laurel Inn Condominiums, a fully furnished 2-bedroom, 2-bath condo offering unbeatable location, parkway access, and investment potential. July 2026 Gross income $2492.86, June 2026 Gross Income $2285.71, May 2026 Gross Income $1571.43. This FOURTH-FLOOR unit features true convenience with ELEVATOR access, no stairs, and a prime position just off the elevator for easy entry. A private pedestrian walkway leads directly to the Parkway, placing dining, shopping, attractions, and entertainment right outside your door. Located within city limits with full city services, this property offers flexible use as a short-term rental, Mid term rental, second home, or full-time residence. Rental options include on-site management or self-management, giving owners full control of their investment strategy. Laurel Inn amenities include on-site parking, seasonal outdoor pool, and laundry facilities, all contributing to guest satisfaction and repeat bookings. Set in one of the most visited destinations in the Southeast and minutes from Great Smoky Mountains National Park, this location consistently drives strong year-round tourism and rental demand. And here is the upside: with just a pinch of inspiration, this classic 1980s condo could be transformed into a standout short-term rental or stylish mountain retreat, making it one of the best value-add opportunities currently available in downtown Gatlinburg. VERY WELL MAINTAINED- REDUCED!

354 E Holly Ridge Rd Unit UNIT 401, Gatlinburg
329 Ownby St Unit 1402, Gatlinburg
$479,900
2 Beds ⋅ 2 Baths ⋅ 1357665 MLS
$70,000 RENTAL GUARANTEE!! On top of the rental guarantee, chat with your accountant about the possibility of enormous tax advantages through bonus depreciation and a cost segregation study. Stabilized NOI of roughly 35K. 1.28X DSCR. Are you ready to start your Smoky Mountain real estate portfolio, but don't have a million dollars to begin? This condo is less than .2 miles to Gatlinburg Parkway, .4 miles to GSMNP entrance, and .5 miles to Gatlinburg Trail Trailhead. This complex was completed in 2026 so all the mechanicals and big ticket items have decades left on them before they should need replacing.

329 Ownby St Unit 1402, Gatlinburg
1704 Hidden Hills Rd Unit APT 512, Gatlinburg
$499,900
2 Beds ⋅ 2 Baths ⋅ 1357637 MLS
Welcome to LeConte Towers, a well maintained condo offering comfortable living, thoughtful updates, and quality construction in the heart of Gatlinburg. The building features 100% concrete construction, providing durability and peace of mind. Inside, the spacious condo features a comfortable living room with new glass installed in the living room windows, followed by a wood-burning fireplace that was professionally cleaned approximately six months ago. The completely remodeled kitchen by Grey Hodges of Sevierville provides a beautiful, updated space for cooking and entertaining. Both bathrooms were remodeled in 2016, with th primary bathroom featuring a granite vanity. Large walk-in closets with custom organizers provide excellent storage, while a separate storage room offers additional convenience. Additional amenities include one reserved owner parking space. Enjoy all that Gatlinburg and the Smoky Mountains have to offer, including renowned attractions, dining, shopping, outdoor recreation and easy access to the natural beauty of the Great Smoky Mountains!

1704 Hidden Hills Rd Unit APT 512, Gatlinburg
704 SE Selma Lane, Gatlinburg
$445,000
2 Beds ⋅ 2 Baths ⋅ 1357490 MLS
Excellent Location in Gatlinburg in the Glades Craft area. so many updates! 2022 : installed new HVAC unit , water heater, gutters, flooring in lower level bedroom, new plumbing fixtures first and second floors. 2026 updates : All new kitchen appliances, microwave, dishwasher , oven/stove , fridge , new light fixtures, new plumbing fixtures , HVAC serviced ,new door knobs, cabinet knobs, new bathroom accessories, first and second floors, new luxury vinyl kitchen floor.. This home is in a lovely wooded area with parking for 4 cars. Call for an appointment. This one won't last long!

704 SE Selma Lane, Gatlinburg
740 Hidden Valley Rd, Gatlinburg
$399,900
3 Beds ⋅ 2 Baths ⋅ 1357420 MLS
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
1235 Ski Mountain Rd Unit APT 610, Gatlinburg
$265,000
2 Beds ⋅ 3 Baths ⋅ 1357316 MLS
Only steps from Ober Mountain Adventure Park & Ski Resort, this charming 2 bedroom 2.5 bath condo comes furnished. This spacious and open 1200 square foot condo also has a new roof (July 2025). Cozy up next to the beautiful stone, wood burning fireplace while enjoying a seasonal mountain view through the large glass sliding doors. Take in the fresh mountain air on the private balcony which overlooks a wooded courtyard with a mountain stream. A variety of wildlife also enjoy this courtyard such as Black bears, chipmunks, squirrels, birds and the famous synchronized fireflies. Only a 5 minute drive to the Gatlinburg strip and the Great Smoky Mountain National Forest. You'll also have quick access to the Bypass or beautiful back roads to the spur to avoid traffic! Ski Mountain Road is an easy road to drive and is kept plowed in the winter. Being located on the desirable Ski Mountain you have the ability to join the exclusive Chalet Village Owners Club! Which has 5 beautiful pools, basketball courts, a gym, game rooms (pool tables, foosball, ping pong, arcade games), shuffleboard, horseshoes, playground, a walking trail, tennis courts & event facilities! HOA dues are billed quarterly include: internet, water, trash pickup, cable tv, exterior & grounds maintenance. Being one of the more spacious condos in the area, you do not want this opportunity to pass you by. Buyer to verify all information.

1235 Ski Mountain Rd Unit APT 610, Gatlinburg
661 Morning Mist Way, Gatlinburg
$429,000
2 Beds ⋅ 2 Baths ⋅ 1357190 MLS
2BR, 2BA CABIN with a GAME LOFT and PRIVATE DECK in Gatlinburg's sought-after Arts & Crafts area, just minutes from downtown Gatlinburg, attractions, and dining, ~6 minutes to the Gatlinburg Community Center with indoor and outdoor pools and Rocky Top Sports World, and ~10 minutes to the Great Smoky Mountains National Park entrance. You will love the practical layout with ONE BEDROOM ON EACH LEVEL, offering comfortable, private sleeping spaces. Upstairs you will find a KING SIZE MASTER SUITE, washer/dryer closet, and an open game loft with an air hockey table and arcade. The main level features a second bedroom with a FULL SIZE BUNK BED, an inviting living room with a COZY FIREPLACE, kitchen, dining area, and full bath. Sliding doors lead to the PRIVATE BACK DECK with a bubbling HOT TUB and GAS FIREPIT--the perfect place to unwind after a day in the Smokies. Recent updates include a NEW AC CONDENSER in 2024, primary bathroom shower and floor remodel in 2026, NEW PLUMBING AND CLEANOUTS in 2026, and NEW DOWNSTAIRS FLOORING in 2026. HOA fee includes city water, sewer, road maintenance, and trash. A desirable location, separate sleeping spaces, and indoor and outdoor entertainment make this cabin a great option for a mountain getaway or STR investment.

661 Morning Mist Way, Gatlinburg
1131 Tanrac Tr, Gatlinburg
$399,990
3 Beds ⋅ 3 Baths ⋅ 1356822 MLS
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 Tr, Gatlinburg
1435 Wiley Oakley Drive Unit APT 155, Gatlinburg
$282,500
1 Beds ⋅ 1 Baths ⋅ 1356390 MLS
Set above a mountain stream in Gatlinburg's Village Stream community, this fully furnished, turnkey condo pairs a peaceful setting with a beautifully refreshed interior. Step onto the covered balcony, settle into the new outdoor furniture, and listen to the water flowing beneath the building. Inside, a wood-burning fireplace anchors the living room, while granite countertops, freshly painted kitchen cabinets, new flooring, and an updated bathroom give the space a polished feel. The furnishings are all brand new, including a 70-inch TV and console. The stove and refrigerator are approximately six months old, and the AC unit is less than two years old. With a community pool, low HOA fees, and downtown Gatlinburg just minutes away, this is an inviting Smoky Mountain retreat ready to enjoy from day one.

1435 Wiley Oakley Drive Unit APT 155, Gatlinburg
688 Ownby Drive, Gatlinburg
$479,900
4 Beds ⋅ 3 Baths ⋅ 1356270 MLS
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
1102 Ski View Drive Unit UNIT 208, Gatlinburg
$235,000
2 Beds ⋅ 2 Baths ⋅ 1356091 MLS
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
413 Baskins Creek Rd Unit UNIT 301, Gatlinburg
$335,000
3 Beds ⋅ 3 Baths ⋅ 1356088 MLS
Fall has a way of making Gatlinburg feel even more special. From the private balcony of this three-bedroom, three-bath condo, enjoy crisp mountain air and the changing colors across the Smoky Mountain ridgelines. Spend the day exploring downtown or Great Smoky Mountains National Park, then come home to an evening by the gas fireplace. Inside, the layout gives everyone a place to settle in. Each of the three bedrooms has its own private bathroom, making it easy to share the condo with family or friends while still enjoying personal space. The living area brings everyone together, and the balcony offers a quiet spot to start the morning or wind down after a full day out. Gatlinburg's restaurants, shops, and attractions are close at hand, while the indoor heated pool and community hot tub add another way to enjoy time at home. Whether you picture a full-time residence, a mountain getaway, or a place to welcome vacationers, this condo offers a location and layout with plenty of possibilities. Add personal touches that make it yours. If you're an investor looking to maximize your return, let's discuss ways to unlock more of its potential. 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.

413 Baskins Creek Rd Unit UNIT 301, Gatlinburg
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