Listed by Mike Howell of Realty Executives Associates
**Price Improved to $208,000 - Priced Below Appraised Value! Investor & Short-Term Rental Opportunity Near Big South Fork** Now offered at **$208,000, below appraised value**, this partially updated farmhouse-style home on approximately **1.23 acres** presents an outstanding opportunity for investors, vacation rental operators, or buyers seeking a property in one of East Tennessee's premier outdoor recreation destinations. Located just minutes from the **Big South Fork National River & Recreation Area**, this property is ideally positioned to attract ATV riders, hikers, horseback riders, and outdoor enthusiasts looking for a weekend getaway or vacation rental experience. Significant improvements have already been completed, including **sanded and stained original hardwood floors, freshly painted upstairs living areas, remodeled showers in both bathrooms, two newly constructed decks, and exterior updates**, allowing the next owner to focus on adding value while enjoying the benefits of work already completed. Inside, the home offers spacious rooms, original character, and a flexible layout with multiple bedrooms and bonus areas. The farmhouse-inspired kitchen and dining spaces feature unique rustic charm, while the walk-in pantry with vintage glass door adds character that today's buyers and guests appreciate. The property also includes several valuable outdoor improvements and amenities: o Large workshop/storage building with ample space for tools, equipment, or future hobby use o Covered wood storage area o Covered animal enclosure suitable for chickens or small livestock o Open yard with mature trees and room for expansion or additional outdoor amenities o New decks and improved outdoor living spaces For investors, the combination of acreage, usable outbuildings, recent improvements, and proximity to the region's ATV trail systems creates strong potential as a **short-term rental, vacation retreat, workforce rental, or long-term income-producing property**. Whether you're looking to expand your investment portfolio, create a profitable vacation rental, or finish adding your personal touches to a property with substantial upside, this opportunity delivers location, improvements, and value at a price below appraisal. **Property being sold as-is.** **Square Footage by Appraisal** Buyer or Buying Agent to verify all information.

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Property Details of 586 Rugby Highway

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Based on information submitted to East Tennessee Realtors as of June 29, 2026 3:54 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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