516 & 537 Proffitt Rd. & Johnson Ln Unit 1-7, Gatlinburg, TN 37738
About this home
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.
Sale and tax history for 516 & 537 Proffitt Rd. & Johnson Ln Unit 1-7
Sale History
Tax History
Date
Event
Price
TVRMLS #9999038
Oct 22, 2026
Price Changed
$3,500,000
$323/sq ft
Aug 22, 2026
Price Changed
$3,975,000
$366/sq ft
Aug 3, 2026
Listed
$4,100,000
$378/sq ft
+53
LAAR #712450
Oct 22, 2026
Price Changed
$3,500,000
$323/sq ft
Aug 3, 2026
Listed
$3,975,000
$366/sq ft
+53
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.
Knoxville MLS #1349974
Oct 22, 2026
Price Changed
$3,500,000
$323/sq ft
Aug 22, 2026
Price Changed
$3,975,000
$366/sq ft
Aug 3, 2026
Listed
$4,100,000
$378/sq ft
Jul 29, 2026
Coming Soon
$4,100,000
$378/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Townhouse
County
Sevier County
APN
117E H 00501 000
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Basement
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Last updated by owner on Sep 2, 2026.
Historical weather
Gatlinburg, TN • 37738
Average low and high temperatures (°F)
45
27
55
36
69
46
75
55
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59
84
67
87
71
82
66
79
61
70
50
63
44
53
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Gatlinburg. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 516 & 537 Proffitt Rd. & Johnson Ln Unit 1-7
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $465,000 and $840,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $465K to $840K.