4137 Watson Court 2 & 3
Pigeon Forge, TN 37863 · Mill Creek Springs · Sevier County
$2,300,000
- Sq ft
- 5,731
- Built
- 2003
Listing courtesy of LPT Realty, LLC · MLS #1345497
Description
INVESTMENT OPPORTUNITY | TURNKEY SHORT-TERM RENTAL PORTFOLIO
4 Properties | 5 Airbnb Listings | 8 Bedrooms + 1 Sleeping Room | 9 Bathrooms | Sleeps 26 | $237,035 Documented Gross Revenue in 2025 | Established STR Portfolio | 662 Verified Reviews
Rare opportunity to own an established short-term rental portfolio in the heart of the Great Smoky Mountains. This unique offering includes four income-producing properties operating as five Airbnb listings throughout Pigeon Forge and Sevierville. Sold fully furnished and turnkey, the portfolio provides immediate cash flow, proven rental history, and a strong presence in one of the nation's most visited vacation destinations.
The portfolio consists of Shine Ridge, a 2-bedroom cabin with mountain views, hot tub, arcade, and stone fireplace; Shine Valley #53, a 2-bedroom cabin with an additional sleeping room featuring panoramic mountain views, ensuite bedrooms, game loft, and community pool access; Tennorado Retreat, a 3-bedroom cabin offering a game room, fire pit, hot tub, and seasonal Dollywood fireworks views; and Loveland Hideaway Unit 2, a secluded 1-bedroom retreat featuring vaulted ceilings, a stone fireplace, private hot tub, fire pit, and peaceful wooded surroundings.
An additional income advantage exists as Tennorado Retreat and Loveland Hideaway are situated on the same parcel, allowing them to be marketed together as a fifth rental option accommodating larger groups.
The portfolio has generated 662 verified guest reviews and maintains a 4.88-star average rating, demonstrating a proven history of guest satisfaction and rental performance. All furnishings and future bookings convey with the sale, providing a turnkey investment opportunity with immediate income potential. Opportunities with documented income, extensive review history, and multiple revenue streams rarely become available in the Smoky Mountain market. With over 14 million annual visitors to the Great Smoky Mountains, investors benefit from strong year-round tourism demand in one of the nation's most established vacation rental destinations. Detailed financials, booking history, Airbnb listing links, performance reports, and property-specific revenue breakdowns are available to qualified buyers upon request.
Details
Home
- Type
- Residential Income
- Year built
- 2003
- Living area
- 5,731 sq ft
- Parking
- Off Street
Interior
- Rooms
- Addl Living Quarter
- Flooring
- Hardwood
- Appliances
- Refrigerator, Range, Dishwasher, Washer, Dryer
- Features
- Cathedral Ceiling(s)
- Also
- Walk-in Shower, Washer/Dryer Connect, Whirlpool Tub, Hot Tub, Cathedral Ceiling(s), Internet Available
Exterior
- Construction
- Frame, Log
- Porch & patio
- Porch - Covered
Utilities
- Heating
- Heat Pump, Electric, Propane
Listing
- MLS #
- 1345497
- Status
- Active
- On market
- 128 days
- Listed
- Jun 22, 2026
Finances
- Property tax
- County only
- Outside city limits
- HOA
- None
- No association dues
- Price per sq ft
- $401
- 5,731 sq ft
Price history
- Jun 22, 2026
- Listed
- $2,300,000
Accepted
- Cash
- Conventional
- 1031 Exchange
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Location
- Neighborhood
- Mill Creek Springs
- County
- Sevier
- ZIP
- 37863
Drive times
- Pigeon Forge 10 min
- Sevierville 25 min
- Douglas Lake 60 min
- downtown Knoxville 60 min
- Maryville 60 min
- UT Medical Center 60 min
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Listing courtesy of LPT Realty, LLC. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1345497.