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    Two-Cabin Hospitality Retreat Title is generated by Realmo AI

    271 Majestic View Way, Cosby, TN 37722

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    For Sale
    $419,000

    MULTI_FAMILY - Cosby, TN

    Property size:
    672 SF
    Lot size:
    1.67 Acres
    Price / SF:
    $623/SF
    Added:
    May 14, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 271 Majestic View Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Dining Room, Bedroom 4, Bathroom 1
    Parking features
    Garage, Driveway
    Window features
    Aluminum Frames, Window Treatments
    Interior features
    Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Kitchen/Dining Combo, Living/Dining Combo, Storage
    Fireplace
    1
    Standard status
    Active
    APN
    103 06519 000
    Size
    672 SF
    Lot size
    1.67 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1325

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank, Shared Septic
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air, Heat Pump
    Water source
    Well

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile, Laminate
    Building materials
    Log Siding
    Additional Structures
    Residence, Storage

    We can help!

    Listing Contact
    Casey Rackley

    Listing agent Casey Rackley

    Listing office Cosby Real Estate, Inc. 4871 Hooper Hwy., TN

    Listing date May 14, 2026

    MLS# 312109 Listing URL

    Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two cabins on 1.67 acres in Cosby, TN, with Buckeye Drive road frontage
    • Each cabin has 2 bedrooms and 1.5 baths, designed to accommodate up to six guests
    • Cabin features include living areas with a stone fireplace and/or wood stove, plus cathedral ceilings
    • Open‑design kitchens with granite counters and kitchen island; Direct TV and WiFi included
    • Outdoor cooking options include an in‑ground grill; enjoy covered decks and porches
    • Utilities shared across the cabins: well water, septic tank/shared septic, and private road; laundry can be shared

    Overview

    This property features two cozy cabins set on 1.67 acres. Each cabin is laid out with two bedrooms and one and a half baths, designed to comfortably accommodate up to six guests. Inside, you’ll find a living area with comfortable seating and either a stone fireplace or a wood stove, along with a large window offering mountain views. Open-design kitchens come equipped with current appliances and essentials for indoor cooking, plus an in-ground grill for outdoor meals. Covered decks and porches provide space to relax outdoors.

    The cabins are located in Cosby, Tennessee with road frontage on Buckeye Drive. The cabins share common utilities and services, including the well, septic, a private road, and a laundry facility that can be shared.

    This configuration can fit operators or owners looking for a small, self-contained lodging setup with two separate units. With in-home entertainment access (Direct TV and WiFi) and established guest-ready features like covered decks and outdoor grilling, the property supports short-term rental use as well as weekend getaway demand. Nearby area attractions and outdoor recreation include Great Smoky Mountains National Park hiking trails and Gatlinburg attractions such as Dollywood and Ripley’s Aquarium of the Smokies, plus access to the Blue Ridge Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Hotel & Motel Travel Agency Bed & Breakfast Pet Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cosby
    County
    Cocke
    State
    Tennessee
    Longitude
    -83.209773
    Latitude
    35.833

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    FAQs

    What type of property is this?
    Short term rental property - Two adjoining rental cabins on 1.67 acres, each with two bedrooms, 1.5 baths, and covered outdoor decks.
    Where is this short term rental property located?
    The property is located at 271 Majestic View Way Cosby, TN.
    What is the asking price?
    The asking price for this property is $419,000.
    What are key features of this property?
    This property features: Two cabins on 1.67 acres in Cosby, TN, with Buckeye Drive road frontage; Each cabin has 2 bedrooms and 1.5 baths, designed to accommodate up to six guests; Cabin features include living areas with a stone fireplace and/or wood stove, plus cathedral ceilings
    (865) 385-9994
    We can help!
    Listing Contact
    Casey Rackley
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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