$2,300,000

4137 Watson Ct Unit 2 & 3 Pigeon Forge, TN 37863

Estimated payment $12,603/month

Total Views 147
-- Bed
-- Bath
2,179 Sq Ft
$1,056 Price per Sq Ft

Highlights

  • Spa
  • Wood Flooring
  • Furnished
  • Cathedral Ceiling
  • Whirlpool Bathtub
  • Covered Patio or Porch

About This Home

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.

Listing Agent

Jake Morris

LPT Realty, LLC License #344562 Listed on: 06/22/2026

Co-Listing Agent

Jillian Anderson

LPT Realty, LLC License #369619

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,444

Year Built

  • Built in 2003

Home Design

  • Frame Construction
  • Metal Roof
  • Log Siding

Interior Spaces

  • 2,179 Sq Ft Home
  • Living Quarters
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Spa
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating System Uses Propane
  • Heat Pump System
  • Propane
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 105 108.01

Community Details

Overview

  • 4 Units
  • Mill Creek Springs Subdivision

Building Details

  • Operating Expense $20,277
  • Net Operating Income $216,759

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,444

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

Listing Details

  • Directions: 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.
  • Prop. Type: Residential Income
  • Year Built: 2003
  • Lot Size: 108,028
  • Co List Office Phone: 877-366-2213
  • Subdivision Name: Mill Creek Springs
  • Contract Info:List PriceSqFt2: 1055.53
  • General Property Description:Driveway: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Dishwasher, Washer, Dryer
  • Flooring: Hardwood
  • Interior Amenities: Cathedral Ceiling(s)

Exterior Features

  • Construction Type: Frame, Log, Other
  • Patio And Porch Features: Porch - Covered
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump, Electric, Propane
  • Heating Yn: Yes

Lot Info

  • Parcel #: 105 108.01

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 237035.0
  • Property Net Operating Income: 216759.21
  • Annual Operating Expense: 20276.76

Tax Info

  • Tax Annual Amount: 2444.37

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/22/2026 06/22/26 For Sale $2,300,000 -- $1,056 / Sq Ft
Source: East Tennessee REALTORS® MLS

About the Listing Agent

LPT Realty, LLC

(865) 234-3946

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Source: East Tennessee REALTORS® MLS

MLS Number: 1345497

East Tennessee REALTORS® MLS
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