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$4,100,000
14 Days On Site

516 & 537 Proffitt Rd. & Johnson Ln. 1-7
Gatlinburg, TN 37738

For Sale|Single Family Residence|Active
21
Beds
14
Total Baths
14
Full Baths
3,100
SqFt
$1,323
/SqFt
2007
Built
Subdivision:
Cambridge Estates
County:
Sevier County - 27

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516 & 537 Proffitt Rd. & Johnson Ln. 1-7516 & 537 Proffitt Rd. & Johnson Ln. 1-7516 & 537 Proffitt Rd. & Johnson Ln. 1-7516 & 537 Proffitt Rd. & Johnson Ln. 1-7
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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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Listing Snapshot
Price 
$4,100,000
Days On Site 
14 Days
Bedrooms 
21
Inside Area (SqFt) 
3,100 sqft
Total Baths 
14
Full Baths 
14
Partial Baths 
N/A
Lot Size 
0.01 Acres
Year Built 
2007
MLS® Number 
1349974
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoStatus changed to Active
a week agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.01
Available on 
2026-08-03
Parking 
Off StreetCommonAssigned
Property Sub Type 
Single Family Residence
Security 
Smoke Detector(s)Security System
Sewer 
Public Sewer
SqFt Total 
10850
Style 
Contemporary
Water Source 
Public
Interior Features
Appliances 
DishwasherDryerMicrowaveRangeRefrigeratorSelf Cleaning OvenWasher
Basement 
Finished
Cooling 
Central AirCeiling Fan(s)
Fireplace Features 
None
Heating 
CentralElectric
Interior 
Kitchen IslandEat-in KitchenMaster Downstairs
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Exterior Features
Construction Details 
Wood SidingFrame
Lot Features 
Cul-De-SacZero Lot Line
Patio And Porch 
Deck
View 
Mountain(s)Trees/Woods
Waterview 
Mountain(s)Trees/Woods
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Sevier County - 27
Listing courtesy of Chris Ball of Keller Williams Realty

Copyright © 2026 Knoxville Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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