Sarah Sutherland

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

Gatlinburg, TN
$ 3,975,000 Beds 21 Baths 14 Sq 10,850
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 3,975,000
  • City
  • Gatlinburg
  • Bedrooms
  • 21
  • Full Bathrooms
  • 14
  • County
  • Sevier
  • Half Bathrooms
  • 0
  • Area
  • Sevier County
  • Lot Size
  • 0.01 Acres
  • Zip
  • 37738
  • Sqr Footage
  • 10,850
  • Year Built
  • 2007
  • Taxes
  • $ 924
  • Style
  • Contemporary
  • MLS#
  • 1349974
Listed By: Keller Williams Realty
Data Source: Knoxville MLS (KAAR)

Features

General

Sewer 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

Interior Features

Interior Amenities Kitchen Island,Eat-in Kitchen
Basement Finished
Fireplace Features None
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Windows - Insulated
Fireplace Y/N false
Total Bedrooms 21
Total Baths 14

Exterior Features

Parking 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

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Kingsport, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/30/2026 Listed $4,100,000
8/22/2026 3% - $3,975,000

Property vs Zip Code Average in 37738

Price
AVG $840K
$3.98M
Taxes
AVG $2,201
$924
Year Built
AVG 2004
2007

In The Neighborhood

Areas That We Cover

516 & 537 Proffitt Rd. & Johnson Ln. 1-7 Gatlinburg, TN is a Single Family Home for sale at $3975000 with 10850 sqft and a lot size of 0.01 Acres Acre(s). 516 & 537 Proffitt Rd. & Johnson Ln. 1-7 Gatlinburg has 21 bedrooms, 14 baths and was built in 2007. The property's zip code is 37738 which is in Gatlinburg, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site 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.

Sarah Sutherland

Sarah Sutherland

423-863-9976

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