1616 Tranquility Ridge Way
About This Property
From the moment you step inside, you'll be welcomed by impressive extra-tall ceilings, 8-foot interior doors, expansive windows, and an open-concept layout filled with natural light. Wide-plank engineered hardwood flooring extends throughout the entire home, adding warmth, durability, and timeless elegance. The living room offers an abundance of windows that flood the space with natural light, creating a bright, airy atmosphere that enhances both relaxation and entertaining while maintaining a warm and inviting feel.
Designed with both beauty and functionality in mind, the home features granite countertops throughout, beautifully appointed custom tile showers, and thoughtfully selected finishes that create a clean, timeless aesthetic while offering lasting quality.
A spacious 30' x 25' attached garage provides ample room for vehicles, storage, a workshop, or recreational equipment, offering the flexibility today's homeowners appreciate.
Step outside to the spacious wraparound deck, where you can enjoy peaceful mountain breezes and the beauty of East Tennessee year-round. The gently sloping backyard offers plenty of room to relax, entertain, or create your own outdoor retreat, all bordered by a natural tree line for added privacy.
The exterior showcases durable Hardie board and batten siding, combining timeless curb appeal with low-maintenance, fire-resistant construction built to last. City water, high-speed internet, and excellent cell service provide the modern conveniences today's homeowners expect.
Ideally located just minutes from downtown Newport, you'll enjoy easy access to shopping, dining, healthcare, and everyday amenities while remaining within approximately 35 minutes of Gatlinburg, Pigeon Forge, Dollywood, and the Great Smoky Mountains National Park.
Offering quality craftsmanship, thoughtfully curated finishes, and an exceptional location, this home delivers the perfect balance of luxury, comfort, and convenience.
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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 |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Oct 3, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Listed by Tennessee Life Real Estate Professionals | $499,000 | |
| Listed by Tennessee Life Real Estate Professionals | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017