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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 1,408 sqft
Price per Sqft $372
Subdivision S Water Front River Towne Condos
MLS Listing ID 1321600
Style Other
Bedrooms 3
Full Baths 2
HOA Fees $325/mo
Year Built 2006
Property Sub-Type Condominium
Source East Tennessee REALTORS® MLS
Property Description
Strong Rental & Investment Potential
This condominium presents a compelling income-producing opportunity, with a current lease already in place through June 1, 2026, allowing a new owner to step into immediate rental income with built-in stability. Properties with secured leases, riverfront views, and proximity to major employment and education hubs are consistently in high demand, making this a strong option for investors seeking predictable performance.
The combination of Tennessee River views, walkability and access to the University of Tennessee campus, UT Hospital, and downtown Knoxville creates broad tenant appeal. This location is especially attractive to graduate students, medical professionals, faculty, and corporate renters who value convenience, security, and premium amenities. River-facing units with private balconies and resort-style features often command stronger rental rates and experience lower vacancy due to their limited availability.
As the area continues to evolve, the upcoming pedestrian bridge project will further enhance connectivity between South Knoxville and downtown, increasing accessibility to dining, entertainment, and employment centers. This infrastructure improvement is expected to strengthen both lifestyle appeal and long-term demand, adding future upside to an already well-positioned asset.
Situated within a gated community, residents enjoy peace of mind alongside amenities that support tenant retention, including a saltwater pool, secure access, and professionally maintained common areas. With minimal maintenance responsibilities and a prime waterfront location, this condo offers a rare balance of lifestyle enjoyment and investment performance. Whether held as a long-term rental, future personal residence, or strategic addition to an investment portfolio, this property delivers immediate income with strong prospects for continued desirability in Knoxville's growing riverfront market.
Location
State TN
County Knox County - 1
Rooms
Other Rooms Split Bedroom
Basement None
Dining Room Eat-in Kitchen
Interior
Interior Features Walk-In Closet(s), Eat-in Kitchen
Heating Central, Electric
Cooling Central Cooling
Flooring Carpet, Hardwood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Range
Heat Source Central, Electric
Exterior
Exterior Feature Balcony
Parking Features Designated Parking, Basement, Common
Garage Spaces 1.0
Garage Description Basement, Common, Designated Parking
Pool true
Amenities Available Swimming Pool
View City, Lake
Total Parking Spaces 1
Garage Yes
Building
Lot Description Cul-De-Sac, Waterfront, Level
Faces Alcoa Hwy. to Cherokee Trail, left on Scottish Pike to River Towne Way.
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Brick
Schools
Elementary Schools Mount Olive
Middle Schools South Doyle
High Schools South Doyle
Others
HOA Fee Include Pest Contract,Building Exterior,Trash,Sewer,Grounds Maintenance
Restrictions Yes
Tax ID 108LD00201H
Security Features Gated Community
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Lacy Mellon
Team Leader/Agent | License ID: 328504
Team Leader/Agent License ID: 328504