The story
Unit 1404 at 329 Ownby Street is a 2-bedroom, 2-bathroom condo in Gatlinburg, TN with 1,026 sq ft of living space, completed in 2025. It is currently listed at $479,999, with a monthly HOA fee of $400. Highlights include mountain views.
Positioned in one of Gatlinburg's most sought-after locations, this BRAND NEW 2 bedroom, 2 bath modern condo offers an exceptional opportunity for STR investors and second home buyers alike. With projected annual rental income of $45,000-$65,000, this turnkey property combines strong income potential, incredible location and turn-key opportunity!
Just a short walk to downtown Gatlinburg's restaurants (5 minute walk to The Peddler Steakhouse and Crockett's Breakfast!), attractions, shopping, and entertainment, guests can enjoy the convenience of leaving the car behind while experiencing everything the Smokies have to offer. Even more unique, the property backs directly to the entrance of Great Smoky Mountains National Park, providing immediate access to hiking trails, scenic overlooks, and outdoor adventures that drive year round tourism.
Inside, the thoughtfully designed open concept floor plan features upscale finishes, mountain-modern styling, and a fully equipped kitchen that flows seamlessly into the living and dining areas. Two spacious bedroom suites, each with a private en-suite bathroom, provide privacy and comfort for guests, while the sleeper sofa increases occupancy flexibility.
Guests will also appreciate the private balcony, (imagine watching the holiday fireworks and parades from your private deck!) perfect for enjoying the fresh mountain air after a day of exploring the Smokies. Future community amenities, including a pool, that will further enhance rental appeal and guest satisfaction.
Property Highlights:
-Projected annual rental revenue of $45,000-$65,000
-Brand new construction
-Walkable to downtown Gatlinburg
-Direct access to Great Smoky Mountains National Park
-2 bedrooms, 2 en-suite bathrooms
-Sleeper sofa for additional guest capacity
-Pet-friendly community
-Future resort-style pool
-Modern finishes and open-concept design
-Ideal vacation home or income-producing investment
Opportunities to own new construction within walking distance of downtown Gatlinburg are RARE. Combined with direct National Park access and strong rental projections, this property is positioned to be both a desirable guest destination and a high performing investment asset.
