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Active 61 days on market

537 Johnson Lane 1

Gatlinburg, TN 37738 · Cambridge Estates - Building F · Sevier County

$500,000

$69,900 price cut · Oct 22

Beds
3
Baths
2
Sq ft
1,550
Acres
0.01
Built
2007

Listing courtesy of Keller Williams Realty · MLS #1353489

Description

Turn-key short-term rental in Gatlinburg's Great Smoky Arts & Crafts Community, just six miles from Great Smoky Mountains National Park and with no HOA. Completely renovated from top to bottom in 2026, this fully furnished townhome is ready to generate income from day one. Featuring 3 bedrooms, 2 bathrooms, a bonus room, and approximately 1,500 square feet, this property comfortably sleeps 8 guests. Enjoy a private hot tub and three private balconies surrounded by trees, with seasonal mountain views that create the perfect Smoky Mountain getaway. The thoughtful layout offers plenty of space for guests to relax, gather, and enjoy their stay. This property is already operating as a successful short-term rental, giving you the opportunity to step into an established income-producing investment rather than take on a renovation project. With a projected gross revenue of $62,800, this is an opportunity to own a fully furnished, income-producing retreat in one of the most sought-after destinations in the Smokies. Walk into cash flow, not a project. **Looking for a larger investment opportunity? Seven total units are available and may be purchased together as a portfolio.**

Details

Home

Type
Residential · Single Family Residence
Style
Townhouse
Year built
2007
Living area
1,550 sq ft
Bedrooms
3
Bathrooms
2 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
Zero Lot Line
Views
Wooded, Seasonal Mountain View
Deed restrictions
Yes

Utilities

Water
Public
Sewer
Public sewer
Heating
Central, Electric

Listing

MLS #
1353489
Status
Active
On market
61 days
Listed
Aug 28, 2026
Finances
Property tax
City + county
Inside city limits
HOA
None
No association dues
Price per sq ft
$323
1,550 sq ft

Price history

Oct 22, 2026
Price cut
$500,000 −$69,900
Before
Listed
$569,900

Accepted

  • Cash
  • Other
  • Conventional
  • New Loan

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Location
Neighborhood
Cambridge Estates - Building F
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 # 1353489.