4137 Watson Court 2 & 3 Pigeon Forge, TN $ 2,300,000
4137 Watson Court 2 & 3
$ 2,300,000
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4137 Watson Court 2 & 3

Pigeon Forge, TN, 37863
$ 2,300,000
Bedrooms-- Baths0.0 Sq 5,731

Monthly Estimate*

$ 15,886

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Multi-Family Home for sale in Pigeon Forge, TN

for $2,300,000. This 5,731 square foot home was built in 2003.

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.

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Multi-Family Active

Price

$ 2,300,000

Property Type

Multi-Family

Taxes

$ 2,444

Style

Year Built

2003

Town/City

Pigeon Forge

County/Region

Sevier

MLS | Web ID

1345497

Features
General
Heating Heat Pump Propane Electric
Cooling Central Cooling Ceiling Fan(s)
Appliances Dishwasher Dryer Range Refrigerator Washer
Construction Materials Log Frame Other
Year Built 2003
Unit Number 2 & 3
Gross Income 237035
County Sevier County - 27
Net Operating Income 216759.21
Operating Expense 20276.76
Property Type Multi-Family
Attached Garage false
Subdivision Name Mill Creek Springs
Status Active
Directions All properties are GPS Friendly! 4137 Watson: From Pigeon Forge go to Traffic Light # 10 turn right on Conner Heights Rd. Drive approx. 1.50 miles make a right on Watson Court drive to 3rd driveway on the right (Follow wooden directional signs for Mountaintop Mill and Beary Bungalow) follow the road keep going straight till the road ends you will see both cabins. Plenty of parking space.
City Pigeon Forge
Number Of Units Total 4
MLS Area Sevier County - 27
MLS Area Minor Sevier County - 27
Standard Status Active
New Financing Cash true
New Financing Coventional true
New Financing Exchange true
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Interior
Interior Amenities Cathedral Ceiling(s)
Flooring Hardwood
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features Off-Street Parking
Building Area Total 5731
Lot Dimensions 108 028
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* Excluded Features
List By
Jake Morris

Listing Agent

Lpt Realty, Llc

Broker

realtorjakemorris@gmail.com

Email

Affordability Calculator

$16,089
Per Month
99%
1%
0%
Monthly Principal & Interest
$15,886
Monthly Property Taxes
$204
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$2,300,000 Listed Price

Map


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4137 Watson Court 2 & 3, Pigeon Forge, TN, 37863 is a Multi-Family Home for sale at $2,300,000 with 5,731 sqft. 4137 Watson Court 2 & 3 has 0.0 baths and was built in 2003. The property's zip code is 37863 which is in Pigeon Forge, TN