516 & 537 Proffitt Rd. & Johnson Ln. 1-7
Gatlinburg, TN, 37738 $ 3,975,000
Bedrooms21 Baths14.0 Sq 10,850 Monthly Estimate*
$ 27,454
for $3,975,000 with 21 bedrooms and 14 full baths. This 10,850 square foot home was built in 2007 on a lot size of 0.01.
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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FeaturesGeneralSewer Public Sewer
Heating Central Electric
Cooling Central Cooling Ceiling Fan(s)
Appliances Dishwasher Dryer Microwave Range Refrigerator Self Cleaning Oven Washer
Architectural Style Contemporary
Security Features Security Alarm Smoke Detector
Construction Materials Wood Siding Frame
Year Built 2007
View Wooded Seasonal Mountain
Unit Number 1-7
Property Subtype Single Family Residence
County Sevier County - 27
Property Type Single Family
Attached Garage false
Subdivision Name Cambridge Estates
Total Rooms 35
Full Baths 14
Status Active
Directions From downtown Gatlinburg take 321 towards Cosby for approximately 3.9 miles. Turn left on Proffitt Rd. Turn right on Johnson Ln. and follow to unit on left.
City Gatlinburg
MLS Area Sevier County - 27
Lot Size Units Acres
Lot Size Square Feet 435.6
Property Attached Y/N true
MLS Area Minor Sevier County - 27
Structure Type Basement Ranch
Standard Status Active
New Financing Cash true
New Financing Coventional true
New Financing New Loan true
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InteriorInterior Amenities Kitchen Island Eat-in Kitchen
Basement Finished
Total Fireplaces 0
Fireplace Features None
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Windows - Insulated
Fireplace Y/N false
Half Baths 0
Total Bedrooms 21
Total Baths 14
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ExteriorParking Features Off-Street Parking Designated Parking Main Level Common
Lot Features Cul-De-Sac Zero Lot Line
Water Source Public
Lot Size Area 0.01
Building Area Total 10850
Lot Size Acres 0.01
Lot Size Source Tax Records
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* Excluded FeaturesList ByKeller Williams RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $27,454
- Monthly Property Taxes
- $77
- 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.
Learn more about how to save NearbySingle family listings in Gatlinburg, TN
Average List Price $873,405
Percent of Sale Price 78%
About Gatlinburg, TN 4,111 Population
22% Since 2002
$ 38,723 Median Income
45.09 Median Age
13% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/22/2026 | $3,975,000 | -3.05% | Price Down |
| 7/30/2026 | $4,100,000 | | Listed Price |