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Street View
$3,500,000
Monthly Est:$17,421
21 Beds
- 14 Baths
14 full baths
10,850sqft
516 & 537 Proffitt Rd Johnson Ln #1-7, Gatlinburg, TN 37738
$3,500,000
$17,421/moEst:
Get Pre-Approved
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

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
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
| Date | Event | Price |
|---|---|---|
10/22/2026 Source: | Price Decreased | $3,500,000 -11.95% $323/sqft |
08/22/2026 Source: | Price Decreased | $3,975,000 -3.05% $366/sqft |
08/03/2026 Source: | Listed for Sale | $4,100,000 $378/sqft |
07/30/2026 Source: | Coming Soon | $4,100,000 $378/sqft |
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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.









