For sale Townhouse

Listed Aug 28, 2026

$575,000 Est. $3,803/mo

516 Proffitt Road Unit 1

  • 3

    Beds

  • 2

    Baths

  • 1,500

    Sq ft

The story

  • Basement

Turn-key short-term rental in Gatlinburg's Great Smoky Arts & Crafts Community, just six miles from Great Smoky Mountains National Park and with no HOA. Completely renovated from top to bottom in 2026, this fully furnished townhome is ready to generate income from day one. Featuring 3 bedrooms, 2 bathrooms, a bonus room, and approximately 1,500 square feet, this property comfortably sleeps 8 guests. Enjoy a private hot tub and three private balconies surrounded by trees, with seasonal mountain views that create the perfect Smoky Mountain getaway. The thoughtful layout offers plenty of space for guests to relax, gather, and enjoy their stay. This property is already operating as a successful short-term rental, giving you the opportunity to step into an established income-producing investment rather than take on a renovation project. With a projected gross revenue of $62,800, this is an opportunity to own a fully furnished, income-producing retreat in one of the most sought-after destinations in the Smokies. Walk into cash flow, not a project. **Looking for a larger investment opportunity? Seven total units are available and may be purchased together as a portfolio.**

Facts & features

Home type

Townhouse

Year built

2005

Floors

2

Price per sq ft

$383

Included features

  • Basement

    Yes

  • Cooling

    Central Air

  • Heating

    Central

  • Appliances

    Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer

  • Flooring

    Vinyl

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$3,803 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $3,060
  • Property tax $575
  • Insurance $168

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Keller Williams Realty - Knox Premier Prop

Broker Name

Keller Williams Realty - Knox Premier Prop

Agent

Christopher Ball

Location

Knoxville TN 37919