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515 Mountain Lake Way, Newport, TN 37821

For Sale

$329,000

2 beds • 2 baths • 912 sqft

Estimated Payment

$ 1,740 /mo. †

6.67% APR for 30 yrs.
$559 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $360.75
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

Beautiful 2-bedroom, 2-bathroom cedar-sided cabin perched on a hilltop overlooking English Mountain to the northwest and Halls Top to the east. This stunning cabin sits on an acre, with an additional lot next to it that allows for another cabin or home to be built. Enjoy the lovely sunrise or sunset over the gorgeous Tennessee Great Smoky Mountains from your private verandah, providing a 360-degree view.The cabin features an additional utility house, crawl space underneath, and a gas log. Downtown Newport is just 3 miles away, offering shopping, entertainment, and unique downtown shops. Gatlinburg and Dollywood are also within easy reach, allowing everyone to enjoy all the local attractions. This property can also be used as an Airbnb for investment purposes.
MLS# 706830

Courtesy Of Country Living Realty

(423) 237-1046

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Vaulted Ceiling, Ceiling Fan
  • Appliances
    Dryer, Microwave, Range, Refrigerator
  • Architecture Style
    Cottage
  • Cooling System
    Ceiling Fan(s), Heat Pumps
  • Exterior Type
    Block, Wood Siding
  • Fireplace
    Fireplace
  • Heating System
    Central Furnace, Fireplace, Heat Pump
  • Lot Size
    1.98 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 515 Mountain Lake Way, Newport, TN 37821

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,693
  • Property Taxes
    $46
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,740

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Cosby Elementary School

Grades KG-8 Public School

Cosby, TN 37722 5.1 miles
3320 cosby hwy

399 total students
14:1 Student teacher ratio

School Rating: C

School Details

Cocke County Adult High School

Grades 9-12 Public School

Newport, TN 37821 3.4 miles
241 hedrick dr

1 total students

School Details

Cosby High School

Grades 9-12 Public School

Cosby, TN 37722 5 miles
3318 cosby hwy

351 total students
12:1 Student teacher ratio

School Rating: C-

School Details
Other Nearby Schools Distance Type Grades School Rating
Cocke County High School 3.6 miles Public 9-12 C-
Newport Grammar School 3.6 miles Public PK-8 A-
Edgemont Elementary School 4.4 miles Public PK-8 B-
Bridgeport Elementary School 5 miles Public KG-8 B-

Cocke County High School

Distance: 3.6 miles

Type Public

Grades: 9-12

C-

Newport Grammar School

Distance: 3.6 miles

Type Public

Grades: PK-8

A-

Edgemont Elementary School

Distance: 4.4 miles

Type Public

Grades: PK-8

B-

Bridgeport Elementary School

Distance: 5 miles

Type Public

Grades: KG-8

B-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Newport, TN 37821

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Newport, TN 37821

This community’s employment is highest in the production occupations and sales industries. The area’s overall household expenses are below the national average.

87° July
Hottest Average Month
27° January
Coldest Average Month
9,551 Total Households in Area
3.5% Increase in population since the year 2010
33%
of households
have children
27 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Newport, TN 37821

Newport, TN 37821 has a population of 22,833 people in 9,551 households with a median age of 44.7 years old.

3.5%
Increase in population
since the year 2010
Population is Trending up
9,293
Total households as of 2010
1.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44.7 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 90%
Hispanic 3%
Black 2%
Other <1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 90%, followed by Hispanic at 3%, Black at 2%, and Other at <1%.

Economics
for Newport, TN 37821

171 /sq mi
Population Density
$42,087 /yr
Median Household Income
$165,000
Median Sales Price
27 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 19.9% of the households.

Transportation to Work

  • Drive 93%
  • Work from Home 4%
  • Walk or Bike 3%
  • Public Transit 0%

Occupancy by Type

Owned 6,418 60%
Rented 3,132 29%
Vacant 1,192 11%

White vs Blue Collar Jobs







White Collar 58%
Blue Collar 42%

Family & Education Facts
for Newport, TN 37821

44.7 Median Age

Average Household Size

2.4
persons per
household

47.7%

Married Households

Community Population By Education

High School Graduate 50%
Some College 16%
Some High School 15%
Bachelors Degree 8%
Associates Degree 7%
Graduate Degree 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 49.96% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
32.9% of households have children

Weather
for Newport, TN 37821

The weather for this area ranges from a high of 87° F in July to a low of 27° F in January

87° July
Hottest Average Month
27° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
27°
48°
Feb
29°
51°
Mar
35°
60°
Apr
43°
70°
May
52°
78°
Jun
60°
84°
Jul
64°
87°
Aug
63°
86°
Sep
56°
81°
Oct
44°
71°
Nov
35°
59°
Dec
29°
50°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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