For Sale
Single family home for sale at 516 & 537 Proffitt Rd Johnson Ln #1-7, Gatlinburg, TN 37738 | MLS# 1349974 | Listing updated on 2026-10-22
Photo 1 of Single family home for sale at 516 & 537 Proffitt Rd Johnson Ln #1-7, Gatlinburg, TN 37738 | MLS# 1349974 | Listing updated on 2026-10-22
Photo 2 of Single family home for sale at 516 & 537 Proffitt Rd Johnson Ln #1-7, Gatlinburg, TN 37738 | MLS# 1349974 | Listing updated on 2026-10-22
Photo 3 of Single family home for sale at 516 & 537 Proffitt Rd Johnson Ln #1-7, Gatlinburg, TN 37738 | MLS# 1349974 | Listing updated on 2026-10-22
Photo 4 of Single family home for sale at 516 & 537 Proffitt Rd Johnson Ln #1-7, Gatlinburg, TN 37738 | MLS# 1349974 | Listing updated on 2026-10-22
53+
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Street View

$3,500,000

Monthly Est:$17,421

  • Beds Icon21 Beds
  • Beds Icon
    14 Baths
  • Beds Icon10,850sqft

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

$17,421/moEst:

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  • Single Family Residence

  • Built in 2007

  • $-- HOA

  • 0.01 acre lot

  • $323/sq.ft

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.

  • Houzeo last checked: 7 hours ago
  • Listing updated: October 22, 2026 at 6:39 pm
  • Listing Provided by: Chris Ball (423) 765-5153 | Keller Williams Realty (865) 694-5904
  • Source: East Tennessee REALTORS® MLS-TN | MLS#: 1349974 East Tennessee REALTORS® MLS-TN

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    -

  • County

    Sevier County 27

  • City

    Gatlinburg

  • Neighborhood

    --

  • Year Built

    2007

  • HOA Fees

    -

  • Finished Area

    10,850 sqft

  • Lot Size

    0.01 acre lot

  • Basement Area

    - sqft

  • MLS Name

    East Tennessee REALTORS® MLS

  • MLS Number

    1349974

  • MLS Status

    Active

  • Days on Market

    80

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 21

    Bathrooms: 14

Interior

  • Appliances

    Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer

  • Sewer

    Public Sewer

  • Cooling

    Central Cooling, Ceiling Fan(s)

  • Heating

    Central, Electric

  • Window Features

    Windows Insulated

  • Interior Features

    Kitchen Island, Eat In Kitchen

Construction

  • Year Built

    Year Built: 2007

  • Home type

    Single Family Residence

  • Construction Materials

    Wood Siding, Frame

  • Architectural Style

    Contemporary

Utilities & Energy

  • Parking Features

    Off Street Parking, Designated Parking, Main Level, Common

  • Security Features

    Security Alarm, Smoke Detector

  • Basement

    Finished

  • Fireplace Features

    None

  • Water Source

    Public

Other Features

  • Patio And Porch Features

    Deck

  • Lot Features

    Cul De Sac, Zero Lot Line

  • Subdivision Name

    Cambridge Estates

Price History

DateEventPrice

10/22/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1349974

Price Decreased

$3,500,000 -11.95%

$323/sqft

08/22/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1349974

Price Decreased

$3,975,000 -3.05%

$366/sqft

08/03/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1349974

Listed for Sale

$4,100,000

$378/sqft

07/30/2026

Source: mls_logoEast Tennessee REALTORS® MLS-TN #1349974

Coming Soon

$4,100,000

$378/sqft

Nearby Homes

Based on information from the Knoxville Area Association of REALTORS MLS through Oct 22, 2026, 03:46PM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Knoxville Area Association of REALTORS® MLS. All Rights Reserved.

Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com
Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736

Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.