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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