Tennessee River/Holston Lakefront Property

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3001 River Towne Way
Knoxville, TN 37920

Property

$525,000

DIRECT lakefront

Condominium: Other
Unit: 402 5 rooms, 3 bedrooms, 2 full baths, 0 half baths

Knox County - 1
(S Water Front River Towne Condos)

**SELLER OFFERING $5,000 towards rate buydown or closing costs. PLUS immediate RENTAL INCOME** Strong Rental \u0026 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.

Property Information

Total Living Area: 1408 sq. ft.,
Garage/Parking: 1 garage spaces, parking spaces
Approx. Acres:
Living Area - Main Level: 1408 sq. ft.
Living Area - 2nd Floor: 0 sq. ft.
Living Area - Lower: 0 sq. ft.

Room Details

Features

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Other Property Information

Year Built: 2006

Tax Information

Taxes (Total): $1,924
City Taxes: $0
County Taxes: $806
Parcel #: 108LD00201H

Listed by Misty Cunningham of Keller Williams Signature

ETN # 1321600

© Knoxville Area Association of Realtors® MLS. Listing information is provided exclusively 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. Listing information is deemed reliable but not guaranteed accurate by the KAAR MLS.

East Tennessee Realtors® MLS data last updated on Friday, January 30, 2026 at 7:47 AM

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