Oak Valley Homes under $1 million

Welcome to Oak Valley, a hidden gem nestled in the heart of Gatlinburg, Tennessee, where the beauty of the Smoky Mountains meets the charm of a close-knit community. This enchanting subdivision offers a unique blend of serene living and easy access to the vibrant attractions of Gatlinburg, making it an ideal choice for families, retirees, and anyone looking to embrace the beauty of East Tennessee.

Oak Valley is renowned for its picturesque landscapes, featuring lush green spaces, mature trees, and stunning mountain views that provide a stunning backdrop for everyday life. The neighborhood boasts a variety of well-maintained homes, many of which are available for under $1 million, making it an accessible option for those seeking to invest in a slice of paradise without breaking the bank.

Each home in Oak Valley is thoughtfully designed to maximize comfort and style, with spacious layouts, modern amenities, and outdoor spaces perfect for enjoying the breathtaking surroundings. Whether you're sipping coffee on your porch while watching the sunrise over the mountains or hosting family gatherings in your backyard, Oak Valley is a place where memories are made.

Beyond the homes, residents enjoy a wealth of recreational opportunities, including hiking trails, parks, and proximity to the Great Smoky Mountains National Park. With Gatlinburg's vibrant downtown just a short drive away, you'll have access to shopping, dining, and entertainment options that cater to all tastes.

Discover the charm of Oak Valley, where your dream home awaits, and experience the perfect blend of nature, community, and convenience in one of Tennessee's most sought-after locations.

Newest Oak Valley Homes under $1 million

$515,000

2 Beds ⋅ 4 Baths ⋅ 3592651 MLS ⋅ ACTIVE Status ⋅ 0.42 Acres ⋅ 37738 Zip Code

NEW CONSTRUCTION + $10,000 SELLER CREDIT! Modern 2BR/2BA cabin currently under construction in Gatlinburg, designed with today's short-term rental guest and Smoky Mountain buyer in mind. Featuring contemporary finishes and an open-concept kitchen, dining and living area, this cabin offers a functional layout with plenty of appeal for both personal use and investment. The main level features a bedroom and full bath along with the kitchen, dining and living areas. Upstairs, the private en-suite primary bedroom creates its own retreat with a covered balcony--a great spot to relax and enjoy the Smoky Mountain setting. Seller is offering a $10,000 credit at closing that may be used toward buyer's closing costs, furnishings, paving the driveway, or a combination of these, subject to lender approval and applicable guidelines. This gives buyers flexibility to put the credit where it works best for them. Conveniently located in Gatlinburg with easy access to downtown attractions, dining, entertainment and Great Smoky Mountains National Park. Brand-new construction, modern design and a substantial seller credit make this an exciting option for an STR investment, second home or Smoky Mountain getaway. Photos shown are of the adjacent cabin, which sold in January 2026, and are provided as a representation of the anticipated design and finishes. Actual construction and finishes may vary.

932 N Highland Dr, Gatlinburg

$492,500

1 Beds ⋅ 2 Baths ⋅ 3545676 MLS ⋅ ACTIVE Status ⋅ 0.5 Acres ⋅ 37738 Zip Code

Welcome to 'Gatlinburg Glitz' -- the newest opportunity to own a short-term, fully furnished, turnkey rental property in 'Oak Valley' SD. This oversized 1-bedroom mountainside cabin is designed to provide a perfect blend of rustic charm and modern comfort, with a warm and welcoming design crafted for the most discerning guests seeking an exceptional retreat with breathtaking views from every room. The upper and lower decks offer a seamless blend of indoor/outdoor living providing the perfect setting for taking in nature right from inside of your private hot tub amongst a sea of mature trees and the peaceful sound of the countryside. Tucked away in the heart of the 'Arts and Crafts' district, where you and your family can experience the luxury of fine dining, and shopping as well as the best of exploring the Great Smoky Mountains, and all the attractions of the area that include Dollywood, Anakeesta, Ober and much more. Own your own permanent, vacation, or investment home with the option of flexible leasing while away. Your Gatlinburg adventure begins here!

1614 Lake Dr, Gatlinburg

$750,000

2 Beds ⋅ 2 Baths ⋅ 3231883 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 0.1 Acres ⋅ 37738 Zip Code

Introducing one of the most architecturally striking short term rental investment opportunities in Gatlinburg, Tennessee. This brand new luxury mirror cabin is designed to deliver exceptional guest experience and above average rental returns. Scheduled for completion in just three months, this high end modern mountain retreat will be delivered fully furnished and completely turnkey, allowing the next owner to launch immediately into the luxury vacation rental market without delay. This stunning new construction features a dramatic mirrored exterior that reflects the surrounding Smoky Mountain views from both the front and back of the property, creating a one of a kind visual experience that will stand out across Airbnb and VRBO platforms. With 2 spacious bedroom suites offering private en suites and designer level finishes, this custom built 1,200 square foot cabin was intentionally designed to attract upscale travelers seeking a unique and immersive mountain escape. Floor to ceiling glass walls flood the open concept living, kitchen, and dining areas with natural light while maintaining privacy through the mirrored exterior design. A custom entertainment bar enhances the space for elevated guest experiences, while covered outdoor decks create seamless indoor outdoor living overlooking panoramic mountain views. This is not a traditional cabin. It is an experience driven luxury retreat built to command premium nightly rates and strong occupancy. Located in a prime Gatlinburg location with easy, gentle road access, this property offers both convenience and exclusivity, a rare combination in the Smoky Mountain short term rental market. Unique architectural properties consistently outperform standard cabins in both occupancy and nightly revenue, and this custom floor plan and custom structure place it in a category of its own.

4 Vista Dr, Gatlinburg

Start Your Search

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.

Oak Valley Homes under $1 million

Newest Oak Valley Homes under $1 million

How much is your home worth?

How much is your home worth?