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$3,975,000
49 Days On Site

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

For Sale|Condominium|Active
21
Beds
14
Total Baths
14
Full Baths
1,550
SqFt
$2,565
/SqFt
2007
Built
Subdivision:
Not Listed
County:
Sevier
Listing courtesy of Christopher Ball of Keller Williams Realty Knoxville
Call Now: (423)-470-1640
Is this the listing for you? We can help make it yours.
(423)-470-1640
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 
$3,975,000
Days On Site 
49 Days
Bedrooms 
21
Inside Area (SqFt) 
1,550 sqft
Total Baths 
14
Full Baths 
14
Partial Baths 
N/A
Lot Size 
0.01 Acres
Year Built 
2007
MLS® Number 
9999038
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoPrice changed to $3,975,000
4 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.01
Levels 
Two
Property Sub Type 
Condominium
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
1550
Style 
Townhouse
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Water Source 
Private
Zoning 
R 2
Interior Features
Appliances 
DishwasherDryerElectric RangeMicrowaveRefrigeratorWasher
Cooling 
Ceiling Fan(s)Central Air
Heating 
Central
Laundry Features 
Electric Dryer HookupWasher Hookup
Window Features 
Insulated Windows
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Exterior Features
Construction Details 
Wood Siding
Exterior 
Balcony
Patio And Porch 
Rear Porch
Roof 
Metal
View 
Mountain(s)
Waterview 
Mountain(s)
Windows/Doors 
Insulated Windows
Community Features
Association Amenities 
Spa/Hot Tub
MLS Area 
206 - Sevier County
Financing Terms Available 
CashConventional
Schools
School District
Unknown
Elementary School
Pittman Center Elementary School
Middle School
Gatlinburg-Pittman
High School
Gatlinburg Pittman High School
Listing courtesy of Christopher Ball of Keller Williams Realty Knoxville



Listing information is provided by Participants of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for 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 not guaranteed. Copyright 2026, Tennessee Virginia Regional MLS.
Data last updated at: 2026-09-22 03:28 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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