Cosby real estate, cabins, and land for sale
Cosby TN is an area away from the hustle and bustle of Gatlinburg & Pigeon Forge, but a convenient 30 to 40 minutes away.. Cosby's location is also enhanced by its close proximity to Interstate 40 and Newport.
The nature and wilderness in Cosby is among the most spectacular outside the Smoky Mountains National Park.. Cosby offers prime trout fishing on Cosby Creek (some native brook trout can be caught on the creek) and spectacular views from the high elevation. Indian Camp Creek (which flows directly out of the National Park) is also a nice trout stream.
Many of the views from Cosby are unobstructed mountain vistas into the National Park. Cosby has its own access into the National Park. From this location one can hike, camp, fish, and many other activities. I have seen many turkey in the Cosby portion of the National Park and you stand a chance to see a bear as well.
The real estate in Cosby had certainly been on the rise. In the past acreage could be purchased for as little as $1,000 an acre. Now $5,000 to $10,000 per acre is more of the norm for a decent size parcel. Land in Cosby can be deep in the holler, high on the mountain offering spectacular views, sitting along a babbling brook, or relatively flat pasture land near the main roads. There is quite a variety of land available in Cosby. Overnight cabin rentals in Cosby make up a significant segment of the market, but single family residences are still predominant.
There are some new developments popping up in Cosby. Most notable had been the new Maranatha Resort. The upscale resort is located on 130 acres in Cosby adjacent to the Smoky Mountains National Park. The resort consists of rental and investment cabinswhich originally ranged from $399,000 to over $700,000. The development has experienced a very high foreclosure rate - causing prices to drop substantially within the development. Sales had been as low as $200,000 for large 3 bedroom cabins with theater rooms and indoor pools. As of 2016, the sales price had recovered significantly as the demand for indoor pool cabins and cabins with theaters is strong and the cabins within Maranatha Resort produces high gross rental incomes in many case. At one point there were some cabins with a septic issue within this development.
The views from many parcels of land and cabins in the Cosby area are very good. Parcels are typically wooded, but there is some cleared land available. The majority of cabins range from around $150,000 to $250,000. Some luxury cabins are available at a higher cost.
Other Cosby TN real estate developments include:
- Running Bear
- The Meadows
- Edge of the Smokies
- Grand Country Estates
- Great View Acres
- Misty Acres
- Settlers Trace
- Mountain Brook Haven
- Rocky Ridge
- Covered Bridge Cove
- High Country Estates
- Indian Camp Creek
- Holly Crest
- Sonshine Ridge
- Rocky Ridge
Cosby also has several campgrounds and RV resorts along with many crafts and places such as Holloway's Quilts (http://hollowaysquilts.com/).