516 & 537 Proffitt Rd & Johnson Ln 1-7, Gatlinburg, TENNESSEE

$3,975,000

Previous Next

21

Beds

14

Baths

1,550

Square feet

0.01

Acres

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

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.

Features of 516 & 537 Proffitt Rd & Johnson Ln 1-7

MLS® # 9999038
Price $3,975,000
Bedrooms 21
Bathrooms 14.00
Full Baths 14
Square Footage 1,550
Acres 0.01
Year Built 2007
Type Residential
Sub-Type Condominium
Style Townhouse
Status Active

Community Information

Address 516 & 537 Proffitt Rd & Johnson Ln 1-7
Area 206 - Sevier County
Subdivision Not Listed
City Gatlinburg
County Sevier
State TENNESSEE
Zip Code 37738

Amenities

Amenities Spa/Hot Tub
Utilities Electricity Connected, Sewer Connected, Water Connected
View Mountain(s)
Is Waterfront No

Interior

Appliances Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Heating Central
Cooling Ceiling Fan(s), Central Air
Fireplace No
Stories Two
Has Basement No

Exterior

Exterior Wood Siding
Exterior Features Balcony
Lot Description Mountainous, Wooded
Windows Insulated Windows
Roof Metal

School Information

Elementary Pittman Center Elementary School
Middle Gatlinburg-Pittman
High Gatlinburg Pittman High School

Additional Information

Date Listed August 3rd, 2026
Days on Market 20
Zoning R 2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty Knoxville

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?