3001 River Towne Way 402, Knoxville, TN 37920
$499,900
Property Type:
Single Family
Bedrooms:
3
Square Footage:
1,408
Status:
Pending - Continue to Show
Current Price:
$499,900
List Date:
11/14/2025
Last Modified:
2/21/2026
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.
More Information MLS# 1321600
Contract Info
Auction Y/N: No
Listing Price: 499900
Current Price: $499,900
Status: Pending - Continue to Show
Listing Date: 2025-11-12
Location, Tax & Legal Info
Unit #: 402
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Elementary School: Mount Olive
Middle School: South Doyle
Total Tax: 1924.36
High School: South Doyle
General Property Description
Type: High Rise
# Bedrooms: 3
Acre Source: Tax Records
# of Rooms: 5
Restrictions: Yes
Site Built: Yes
Fireplace: No
HOA Fee: 325
HOA Freq: Monthly
HOA Contact: HOA Management 865-558-3030
Property Status: N/A
SqFt - Main Lvl: 1408
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: Mandatory
Basement: No
Bonus Room: No
SqFt - Total (Aprox): 1408
Baths - Full: 2
Year Built: 2006
Remarks & Misc
Directions: Alcoa Hwy. to Cherokee Trail, left on Scottish Pike to River Towne Way.
Public Remarks: 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.
Atchd/Dtchd Type
Attached: 1
Style
Other: 1
Construction
Frame - Brick: 1
Fireplace
None: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Hardwood: 1
Garage/Parking
Garage Spaces: 1
Basement: 1
Common: 1
Designated Parking: 1
Basement
None: 1
Lot Description
Cul-De-Sac: 1
Level: 1
Waterfront: 1
Fuel
Electric: 1
View
City: 1
Lake View: 1
Lakefront: 1
Heat
Central: 1
Community Amenities
Gated Community: 1
Lake/Water Access: 1
Picnic/Barbeque Area: 1
Swimming Pool: 1
Dining Area
Eat-in Kitchen: 1
Living Rm/Dining Rm: 1
Appliances
Dishwasher: 1
Range: 1
Other Rooms
Split Bedroom: 1
Exterior Features
Balcony: 1
Misc Features
Internet Available: 1
Walk-in Shower: 1
Walk-In Closet(s): 1
Washer/Dryer Connect: 1
Sewer
Public Sewer: 1
Water
Public: 1
Association Fee Incl
Building Exterior: 1
Grounds Maintenance: 1
Pest Contract: 1
Sewer: 1
Trash: 1
New Financing
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 3001
Street Name: River Towne
St Suffix: Way
State/Province: TN
Zip Code: 37920
PIN #: 108LD00201H
Subdivision: S Water Front River Towne Condos
Geo Lat: 35.942736
Geo Lon: -83.925633
Status Change Info
Status Change Date: 2026-02-21
Under Contract Date: 2026-02-21
Property Features
Style: Other
Construction: Frame - Brick
Basement: None
Lot Description: Cul-De-Sac; Level; Waterfront
View: Lake View; Lakefront
Fireplace: None
Floors: Carpet; Hardwood
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Range
Sewer: Public Sewer
Water: Public
Other Rooms: Split Bedroom
Misc Features: Internet Available; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect
Exterior Features: Balcony
Dining Area: Eat-in Kitchen; Living Rm/Dining Rm
Community Amenities: Gated Community; Lake/Water Access; Picnic/Barbeque Area; Swimming Pool
Association Fee Incl: Building Exterior; Grounds Maintenance; Pest Contract; Sewer; Trash
Showing: See Agent Instructns
New Financing: Cash; Conventional
Listing Office:
Keller Williams Signature
IDX
Office Phone: 865-588-9300
Last Updated: February - 21 - 2026
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