About This Home

This 12-bedroom, 8-bathroom townhouse at 516 & 537 Proffitt Rd & Johnson Lane in Gatlinburg, TN is listed for $3,500,000. Built in 2007, on a 0.01 acres lot.

Key Features

  • Built in 2007
  • 0.01 acre lot
  • 2 stories

Property Details

2 stories
8 full
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 Lane

Gatlinburg, TN 37738

Features & Amenities

Interior Features

Ceiling Fan(s)

Property Details

Flooring

Vinyl

Construction

Frame Wood Siding

Outdoor Features

Porch

Heating

Central

Cooling

Ceiling Fan(s)Central Air

Appliances

DryerDishwasherElectric RangeMicrowaveRefrigeratorWasherWasher/Dryer Stacked

Questions & Answers

This 12-bedroom, 8-bathroom townhouse at 516 & 537 Proffitt Rd & Johnson Lane is listed at $3,500,000. 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. Interior Features: Ceiling Fan(s).

This property is listed by Christopher Ball.

CB

Christopher Ball

Agent at Keller Williams Realty

Listed by Keller Williams Realty · Broker phone: 8656945904 · View on Broker Site

MLS# 712450· Source: Lakeway Area Association of Realtors· 90 days on PropertySimple

Copyright © 2026 Lakeway Area Association of Realtors. 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 Lane, Gatlinburg, TN 37738

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