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Listed by Jake Morris • LPT Realty, LLC

$2,300,000

Est. payment - /mo

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5,731 SqFt

New

4137 Watson UNIT 3 Pigeon Forge, TN 37863

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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Ken Herod

kenherod@gmail.com +1(865) 585-7780

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 5,731 sqft

Price per Sqft $401

MLS Listing ID 313396

HOA Fees $300/mo

HOA Y/N Yes

Year Built 2003

Annual Tax Amount $2,444

Tax Year 2025

Lot Size 2.480 Acres

Acres 2.48

Property Sub-Type Business

Source Great Smoky Mountains Association of REALTORS®

Land Area 5731

Property Description

INVESTMENT OPPORTUNITY | TURNKEY SHORT-TERM RENTAL PORTFOLIO 4 Properties | 5 Airbnb Listings | 8 Bedrooms + 1 Sleeping Room | 9 Bathrooms | Sleeps 26 | $237,035 Documented Gross Revenue in 2025 | Established STR Portfolio | 662 Verified Reviews Rare opportunity to own an established short-term rental portfolio in the heart of the Great Smoky Mountains. This unique offering includes four income-producing properties operating as five Airbnb listings throughout Pigeon Forge and Sevierville. Sold fully furnished and turnkey, the portfolio provides immediate cash flow, proven rental history, and a strong presence in one of the nation's most visited vacation destinations. The portfolio consists of Shine Ridge, a 2-bedroom cabin with mountain views, hot tub, arcade, and stone fireplace; Shine Valley #53, a 2-bedroom cabin with an additional sleeping room featuring panoramic mountain views, ensuite bedrooms, game loft, and community pool access; Tennorado Retreat, a 3-bedroom cabin offering a game room, fire pit, hot tub, and seasonal Dollywood fireworks views; and Loveland Hideaway Unit 2, a secluded 1-bedroom retreat featuring vaulted ceilings, a stone fireplace, private hot tub, fire pit, and peaceful wooded surroundings. An additional income advantage exists as Tennorado Retreat and Loveland Hideaway are situated on the same parcel, allowing them to be marketed together as a fifth rental option accommodating larger groups. The portfolio has generated 662 verified guest reviews and maintains a 4.88-star average rating, demonstrating a proven history of guest satisfaction and rental performance. All furnishings and future bookings convey with the sale, providing a turnkey investment opportunity with immediate income potential. Opportunities with documented income, extensive review history, and multiple revenue streams rarely become available in the Smoky Mountain market. With over 14 million annual visitors to the Great Smoky Mountains, investors benefit from strong year-round tourism demand in one of the nation's most established vacation rental destinations. Detailed financials, booking history, Airbnb listing links, performance reports, and property-specific revenue breakdowns are available to qualified buyers upon request.

Location

State TN

County Sevier

Zoning R1

Direction All properties are GPS Friendly! 4137 Watson: From Pigeon Forge go to Traffic Light # 10 turn right on Conner Heights Rd. Drive approx. 1.50 miles make a right on Watson Court, drive to 3rd driveway on the right (Follow wooden directional signs for Mountaintop Mill and Beary Bungalow) follow the road, keep going straight till the road ends, you will see both cabins. Plenty of parking space.

Interior

Heating Central

Cooling Central Air

Flooring Other

Building

Story 2

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, Other

Listing Terms 1031 Exchange, Cash, Conventional, Other

NEARBY

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EXIT Tennessee Realty Pros

+1(865) 429-2800

License ID: 261589 Tennessee