42 Oakleaf Trail

Active

Tracy City, TN 37387

2
Bedrooms
2
Bathrooms
840.00
Sq Ft
0.5100
Acres
Updated 21 minutes ago MLS #: 2811428 Listed 3 weeks ago

$584,900.00

Est. Monthly: $2,822.99
$696
Per Sq Ft

About This Property

One Property, Two Income-Generating Units! This unique opportunity in Tracy City, TN offers two fully furnished short-term rental homes on a single property, making it the perfect setup for maximizing rental income while minimizing management effort. Backed by a solid 3-year rental history, this investment is turnkey and ready to perform from day one. Located in The Retreat at Waters Edge in Tracy City, TN—just an hour from Chattanooga and 1.5 hours from Nashville—this prime investment offers not just one, but TWO completely furnished income-generating properties. With a strong three year rental history, this hidden gem demonstrates consistent demand and reliable income and is drawing both vacationers and savvy investors seeking profitable, experience-driven stays. With two rental-ready properties, you have the potential to double your revenue stream, maximize occupancy, and cater to the growing demand for nature-inspired getaways. Guests will enjoy serene lakefront views, community docks, a playground, and cozy communal firepits, plus nearby access to Deer Lick Falls, Sunset Bluff, and 12,000+ acres of South Cumberland State Park for endless outdoor adventures. Each of these highly desirable tiny homes features 1 bed, 1 bath, a loft, and built-in bunk beds, comfortably sleeping six guests—now, double that, and you have space for a group of twelve—ideal for larger gatherings. Thoughtful upgrades including an electric fireplace, screened in porches, full kitchen, personal firepits and and an in-unit washer/dryer enhancing guest comfort and rental appeal. Located in a thriving rental-friendly community, this property sits on a serene 75-acre calm water lake, offering sought-after outdoor activities like fishing, kayaking, and canoeing. Guests can also enjoy nearby hiking trails including the popular Fiery Gizzard, antiquing, zip-lining, and concerts at The Caverns—all top attractions in the area. With its prime location near the University of the Sou

Location

Subdivision The Retreat at Waters Edge
Directions From US-41 turn left onto Colyar St, turn right onto Water's Edge Way, tiny homes are on the right.

Interior Features

Interior Features Ceiling Fan(s)
Heating Central,Electric
Cooling Central Air,Electric
Appliances Refrigerator,Oven,Microwave,Electric Range,Dryer,Washer

Exterior & Property

Architectural Style Other
Construction Materials Vinyl Siding
Lot Features Other
Patio/Deck Features Deck,Screened,Porch
Sewer/Septic Public Sewer
Water Source Public

Schools

K-5
Elementary School
Tracy Elementary
6-8
Middle School
Tracy Elementary
9-12
High School
Grundy Co High School

Property Details

Property Type Residential
Year Built 2021
Annual Taxes $1,627.00
Listing Office Greater Chattanooga Realty, Keller Williams Realty
Listing Agent Shannon Morris
MLS Logo

MLS Information

Based on information submitted to the MLS GRID as of 2025-09-07T22:34:06+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Market Insights

Explore market data for Tracy City and the The Retreat at Waters Edge neighborhood

Tracy City Market

City-wide statistics

Explore Tracy City
73
Active Listings
$416,319.33
Avg Price
1,335
Avg Sq Ft
2.4
Avg Bedrooms

The Retreat at Waters Edge

Neighborhood statistics

Explore The Retreat at Waters Edge
25
Active Listings
$392,396.00
Avg Price
681
Avg Sq Ft
1.8
Avg Bedrooms

Price History

Recent price changes for this property

Jul 1, 2025
Price Decrease
$5,999.00 → $5,849.00
$150.00

Property History

Timeline of listing events and status changes

Currently Listed

MLS# 2811428

Currently active listing

5 months ago • Apr 1, 2025

26 days on market

$584,900.00

Originally: $599,900.00

Sold

MLS# 2367057

Property sold and closed

3 years ago • May 3, 2022

1 days on market

$525,000.00

Sold: $525,000.00