1563 Grant Road
About This Property
Nestled on a rare, nearly 3-acre riverfront tract with over 600ft of river frontage and just 15 minutes from Gatlinburg, this premier 3-bedroom retreat offers an unparalleled connection to the Great Smoky Mountains. The property features expansive, walkable acreage that extends through the riverbed, ensuring permanent privacy and direct access to crystal-clear waters renowned for world-class trout fishing. Spanning just under 2,000 square feet, the interior provides a cozy, well-appointed atmosphere and is being offered fully furnished. The residence is designed to highlight its natural surroundings, with multiple riverside decks and a designated fire pit area positioned to capture the year-round sound of the flowing water. Natural river rock along the bank creates a unique landscape for sunbathing, fishing, picnics and exploring. Beyond its physical beauty, the property is a proven performer in the short-term rental market, boasting a 9.8/10 rating with nearly 90 reviews and generating $116,000 in gross revenue on VRBO in 2025. This is a unique opportunity to own a high-performing investment or a private legacy estate in one of the most sought-after water-front settings in East Tennessee.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Price Decreased |
$1,274,000
↓ $26K
(2%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by Local Realty Group | $1,299,999 | |
| Listed by Local Realty Group | |||
| Apr 28, 2022 | No longer available | - | |
| No longer available | |||
| Mar 14, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017