About This Home

This 21-bedroom, 14-bathroom condo at 516 & 537 Proffitt Rd & Johnson Ln #1-7 in Gatlinburg, TN is listed for $3,500,000 ($2,258 per sqft). Built in 2007, the home offers 1,550 sqft of living space on a 0.01 acres lot.

Key Features

  • Built in 2007
  • 0.01 acre lot
  • 2 stories

Property Details

2 stories
14 full
#1-7
2007

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$18,719/mo

20% down · 6.5% · 30 years

Principal$2,531
Interest$15,167
Insurance$1,021

Estimates only. Actual payments may vary.

Location

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

Gatlinburg, TN 37738

Not Listed

Features & Amenities

Exterior Features

Balcony

Property Details

Flooring

Vinyl

Construction

Wood Siding

Outdoor Features

Porch

Heating

Central

Cooling

Central AirCeiling Fan(s)

Appliances

DishwasherDryerElectric RangeMicrowaveRefrigeratorWasher

Questions & Answers

This 21-bedroom, 14-bathroom condo at 516 & 537 Proffitt Rd & Johnson Ln is listed at $3,500,000 ($2,258/sqft). The estimated monthly payment is $18,719 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2007, 0.01 acre lot, 2 stories. Exterior Features: Balcony.

This property is listed by Christopher Ball.

CB

Christopher Ball

License 346677

Agent at KELLER WILLIAMS REALTY KNOXVILLE

Listed by KELLER WILLIAMS REALTY KNOXVILLE · Broker phone: 8656945904 · View on Broker Site

MLS# 9999038· Source: Tennessee Virginia Regional Multiple Listing Service· 89 days on PropertySimple

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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

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