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David Gorley
REALTOR®
(423) 292-8576
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516 & 537 Proffitt Rd & Johnson Ln, Unit 1-7, Gatlinburg, TN 37738

$3,975,000
  • 516 & 537 Proffitt Rd & Johnson Ln, Unit 1-7, Gatlinburg, TN 37738 Main Photo

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Active
BEDS21 BATHS14 full SQUARE FEET1,550 MLS#9999038
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONNot Listed NEIGHBORHOOD206 - Sevier County

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.

516 & 537 Proffitt Rd & Johnson Ln, Unit 1-7 | MLS# 9999038

This condo located at 516 & 537 Proffitt Rd & Johnson Ln, Unit 1-7, Gatlinburg, TN 37738 is currently listed for sale with an asking price of $3,975,000. This property was built in 2007 and has 21 bedrooms and 14 full baths with 1550 sq. ft. & 537 Proffitt Rd & Johnson Ln, Unit 1-7 is located in the Not Listed subdivision. Search Not Listed real estate on davidgorley.crye-leike.com today.

Property Features

Property Type: Residential - Condominium
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Home Style: Townhouse
Lot Size: 0.01 Acres
Roof Type: Metal
Stories: 2.0
Year Built: 2007

Feature Descriptions

Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Association Amenities: Spa/Hot Tub
Days on Site: 30
Exterior: Wood Siding
Exterior: Balcony
Flooring: Luxury Vinyl
Laundry: Electric Dryer Hookup, Washer Hookup
Parcel Id: 117e H 00501 000
Rooms Total: 35
Sewer: Public Sewer
Special View Info: Mountain(s)
Topography: Mountainous, Wooded
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Private
Windows: Insulated Windows
Zoning: R 2

Local Schools

High School: Gatlinburg Pittman High School
Middle School: Gatlinburg-Pittman
Elementary School: Pittman Center Elementary School

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Knoxville
Agency Phone: 865-694-5904

Shown By

Agent Name: David Gorley
Agent Phone: (423) 292-8576
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: Tennesse Virginia MLS

Estimate Your Payment

Estimated Payment

$ 10,006.00 per month $8,846.63 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,159.38 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/03/2026. The listing information on this page last changed on 09/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 09/03/2026 12:13:01 AM EST) or GAMLS (last updated Wed 09/02/2026 11:15:12 PM EST) or CARMLS (last updated Thu 09/03/2026 12:05:19 AM EST) or MAAR MLS (last updated Thu 09/03/2026 12:12:26 AM EST) or FMLS (last updated Wed 09/02/2026 11:33:21 PM EST) or East Tennessee REALTORS (last updated Thu 09/03/2026 12:04:51 AM EST) or RealTracs (last updated Thu 09/03/2026 12:05:39 AM EST) or Arkansas CARMLS (last updated Wed 09/02/2026 11:27:11 PM EST) or GSMAR MLS (last updated Wed 09/02/2026 9:16:35 PM EST) or Baldwin County MLS (last updated Thu 09/03/2026 12:11:13 AM EST) or Tennesse Virginia MLS (last updated Wed 09/02/2026 11:54:29 PM EST) or Emerald Coast MLS (last updated Thu 09/03/2026 12:05:28 AM EST) or Northeast Oklahoma Real Estate (last updated Wed 09/02/2026 11:24:00 PM EST) or Southern Kentucky MLS (last updated Wed 09/02/2026 9:54:56 PM EST) or SOMO MLS (last updated Wed 09/02/2026 11:57:13 PM EST) or North Georgia MLS (last updated Wed 09/02/2026 10:47:33 PM EST) or Golden Triangle MLS (last updated Thu 09/03/2026 12:06:12 AM EST) or MLS United (last updated Thu 09/03/2026 12:06:15 AM EST) or Lakeway MLS (last updated Thu 09/03/2026 12:12:23 AM EST) or Batesville MLS (last updated Thu 09/03/2026 12:00:15 AM EST) or North Central Mississippi MLS (last updated Wed 09/02/2026 9:33:58 PM EST) or Hot Springs MLS (last updated Wed 09/02/2026 8:28:36 PM EST) or Huntsville/Valley MLS (last updated Wed 09/02/2026 10:59:08 PM EST) or Shoals MLS (last updated Wed 09/02/2026 8:40:57 PM EST) or Tupelo MLS (last updated Wed 09/02/2026 11:38:47 PM EST) or NEAKBOR MLS (last updated Wed 09/02/2026 11:10:36 PM EST) or EAKBOR MLS (last updated Thu 09/03/2026 12:03:08 AM EST) or CWTAR MLS (last updated Thu 09/03/2026 12:11:48 AM EST) or NWAKBOR MLS (last updated Thu 09/03/2026 12:09:21 AM EST) or Upper Cumberland MLS (last updated Wed 09/02/2026 11:59:43 PM EST) or Hattiesburg MLS (last updated Wed 09/02/2026 10:59:21 PM EST) or Puerto Rico MLS (last updated Thu 09/03/2026 12:05:12 AM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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