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
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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.