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Active 86 days on market

516 & 537 Proffitt Rd. & Johnson Ln. 1-7

Gatlinburg, TN 37738 · Cambridge Estates · Sevier County

$3,500,000

$475,000 price cut · Oct 22

Beds
21
Baths
14
Sq ft
10,850
Acres
0.01
Built
2007

Listing courtesy of Keller Williams Realty · MLS #1349974

Description

Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln. Townhomes 1 & 2, and 541 Johnson Ln. Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.

Details

Home

Type
Residential · Single Family Residence
Style
Basement Ranch
Year built
2007
Living area
10,850 sq ft
Bedrooms
21
Bathrooms
14 full
Basement
Finished
Parking
Main Level, Off Street, Common, Assigned

Interior

Rooms
Addl Living Quarter, Bedroom Main Level, Basement Rec Room, Mstr Bdrm Main Level
Flooring
Luxury Vinyl Plank
Appliances
Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer, Dryer
Features
Eat-in Kitchen, Kitchen Island
Also
Washer/Dryer Connect, Hot Tub, Kitchen Island, Internet Available

Exterior

Construction
Frame, Wood Siding
Architecture
Contemporary

Land

Lot size
0.01 acres
Lot
Cul-De-Sac, Zero Lot Line
Views
Wooded, Seasonal Mountain View
Deed restrictions
Yes
Permitted use
Overnight or permanent

Utilities

Water
Public
Sewer
Public sewer
Heating
Central, Electric

Listing

MLS #
1349974
Status
Active
On market
86 days
Listed
Aug 3, 2026
Finances
Property tax
City + county
Inside city limits
HOA
None
No association dues
Price per sq ft
$323
10,850 sq ft

Price history

Oct 22, 2026
Price cut
$3,500,000 −$475,000
Before
Listed
$3,975,000

Accepted

  • Cash
  • Other
  • Conventional
  • New Loan

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Location
Neighborhood
Cambridge Estates
County
Sevier
ZIP
37738

Drive times

  • Pigeon Forge 25 min
  • Sevierville 45 min
  • Douglas Lake 60 min
Approximate, by road

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Listing courtesy of Keller Williams Realty. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1349974.