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MaryAnn Patton

maryann@pattonsplace.com +1(423) 677-6592

$ 4,100,000

Est. payment -/mo

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

21 Beds

14 Baths

1,550 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,550 sqft

Price per Sqft $2,645

Subdivision Not Listed

MLS Listing ID 9999038

Style Townhouse

Bedrooms 21

Full Baths 14

HOA Y/N No

Total Fin. Sqft 1550

Year Built 2007

Lot Size 435 Sqft

Acres 0.01

Property Sub-Type Condominium

Source Tennessee/Virginia Regional MLS

Property Description

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.

Location

State TN

County Sevier

Community Not Listed

Area 0.01

Zoning R 2

Direction 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.

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Luxury Vinyl

Fireplace No

Window Features Insulated Windows

Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer

Heat Source Central

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Balcony

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Amenities Available Spa/Hot Tub

View Mountain(s)

Roof Type Metal

Topography Mountainous, Wooded

Porch Rear Porch

Building

Entry Level Two

Sewer Public Sewer

Water Private

Architectural Style Townhouse

Structure Type Wood Siding

Schools

Elementary Schools Pittman Center Elementary School

Middle Schools Gatlinburg-Pittman

High Schools Gatlinburg Pittman High School

Others

Senior Community No

Tax ID 117e H 00501 000

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Listed by Christopher Ball • Keller Williams Realty Knoxville

NEARBY SCHOOLS & PROPERTIES

MaryAnn Patton

Agent | License ID: 270165

+1(423) 677-6592

MaryAnn Patton

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

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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516 & 537 Proffitt Rd & Johnson Ln #1-7

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