516 & 537 Proffitt Rd. & Johnson Ln. #1-7, Gatlinburg, TN 37738
Local realty services provided by:CENTURY 21 Legacy
516 & 537 Proffitt Rd. & Johnson Ln. #1-7,Gatlinburg, TN 37738
$3,500,000
- 21 Beds
- 14 Baths
- 10,850 sq. ft.
- Single family
- Active
Listed by: chris ball
Office: keller williams realty
MLS#:1349974
Source:TN_KAAR
Price summary
- Price:$3,500,000
- Price per sq. ft.:$322.58
About this home
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....
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Home facts
- Year built:2007
- Subdivision & Development:Cambridge Estates
- Listing ID #:1349974
- Added:97 day(s) ago
- Updated:November 04, 2026 at 05:53 PM
Rooms and interior
- Bedrooms:21
- Total bathrooms:14
- Full bathrooms:14
- Rooms Total:35
- Basement:Yes
- Basement Description:Finished
- Living area:10,850 sq. ft.
Heating and cooling
- Cooling:Central Cooling
- Heating:Central, Electric
Structure and exterior
- Year built:2007
- Building area:10,850 sq. ft.
- Lot area:0.01 Acres
- Lot Features:Cul-De-Sac, Zero Lot Line
- Architectural Style:Contemporary
- Construction Materials:Frame
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$322.58
Parking
- Parking description:Designated Parking, Main Level, Off-Street Parking
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